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5G Enterprise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

5G Enterprise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • June 2022
  • 147 pages
  • ID: 6287521
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global 5G enterprise market reached a value of US$ 2.25 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 14.57 Billion by 2027, exhibiting a CAGR of 34.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

5G is a fifth-generation technology for broadband cellular networks that offers a high data rate, low latency, greater bandwidth, high coverage and reliability, and improved quality of service (QoS) at affordable prices. It also helps in streaming ultra-high-definition (HD) videos, and augmented reality and virtual reality (AR/VR) media. At present, it finds extensive applications in enterprises of different industry verticals, such as information technology (IT), telecommunications, manufacturing, and banking, financial services and insurance (BFSI). This can be accredited to its assistance in the introduction of new technologies, such as edge computing and network slicing, for developing immersive solutions that provide the tools for enterprises to transform digitally.

5G Enterprise Market Trends:
With the increasing remote workforce on account of the coronavirus disease (COVID-19) outbreak, the adoption of 5G enterprise solutions is rising across the globe. This represents one of the key factors impelling the growth of the market. Moreover, there is an increase in the use of these solutions in the retail industry as they provide retailers with uninterrupted business, streamlined operations, a reliable network that handles peak-time traffic, and the ease of tracking products, prices, inventory, and customer information. Additionally, faster connections and reduced latency aid in introducing new features in brick-and-mortar establishments, including digital price tags and smart digital displays. Besides this, 5G enterprise solutions are increasingly employed in the healthcare sector as it allows remote patient monitoring and video-enabled prescription management and offers connected ambulance and HD virtual consultations. This, coupled with the rising focus of enterprises on implementing new technologies to improve service delivery, reduce costs, and gain competitive advantage, is anticipated to fuel the growth of the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global 5G enterprise market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on frequency, spectrum, network type, organization size and industry vertical.

Breakup by Frequency:
Sub-6Ghz
mmWave

Breakup by Spectrum:
Licensed
Unlicensed/Shared

Breakup by Network Type:
Hybrid Networks
Private Networks
Enterprise Network
CSP Network

Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises

Breakup by Industry Vertical:
BFSI
Healthcare
Retail and E-Commerce
IT and Telecom
Manufacturing
Government and Public Sector
Energy and Utility
Media and Entertainment
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Cisco Systems Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Juniper Networks Inc., Nokia Corporation, Oracle Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc. and ZTE Corporation.



Key Questions Answered in This Report:

How has the global 5G enterprise market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global 5G enterprise market?
What are the key regional markets?
What is the breakup of the market based on the frequency?
What is the breakup of the market based on the spectrum?
What is the breakup of the market based on the network type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global 5G enterprise market and who are the key players?
What is the degree of competition in the industry?

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