According to Stratistics MRC, the Global 5G Enterprise Market is accounted for $1.62 billion in 2020 and is expected to reach $12.83 billion by 2028 growing at a CAGR of 29.5% during the forecast period. Development of smart infrastructure, delivery of differentiated 5G services using network slicing technique, and increasing management of large infrastructures of devices through a network slice are the major factors propelling the market growth. However, adoption of Wi-Fi communication technology by enterprises and security concerns in 5G core network are hampering the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to the increase in the demand for advanced technologies, such as machine-to-machine communication, connected cars, and artificial intelligence. Cloud-based enterprise applications are thriving in the North American region. Therefore, to meet the capacity, coverage, and efficiency demands of future 5G services, network operators in the United States are investing in their networks to achieve the highest performance at the lowest cost per bit, using advancements, such as network function virtualization (NFV) and software-defined networking (SDN), to maximize network efficiency. Moreover, significant operators like Verizon and AT&T are pushing the 5G narrative, on an enterprise-level, the other operators such as Sprint and T-Mobile are trying to achieve an equilibrium wherein their respective networks are marketed equally to the businesses and consumers as well.
Some of the key players profiled in the 5G Enterprise Market include Affirmed Networks, Airspan Networks, AT & T, Ciena Corporation, Cisco System Inc., Comba Telecom Systems Holdings Ltd, CommScope, Ericsson, Extreme Networks, FUJITSU, Hewlett Packard Enterprise, Huawei Technologies Co. Ltd., Juniper Networks, Inc, Mavenir, NEC Corporation, Nokia Networks, Samsung Group, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc, VMware, Inc, and ZTE.
Network Types Covered:
• Hybrid Networks
• Private Networks
Frequency Bands Covered:
• Sub-6GHz
• mmWave
Organization Sizes Covered:
• Small and Medium-sized Enterprises (SMEs)
• Large enterprises
Communication Infrastructure Types Covered:
• 5G Radio Access Networks
• 5G Core Networks
• Transport Networks
Services Covered:
• Platform
• Software
Spectrums Covered:
• Licensed
• Unlicensed/Shared
Infrastructures Covered:
• Access Equipment
• Core Network Technologies
Applications Covered:
• Augmented Reality (AR) / Virtual Reality (VR)
• Communication
• Drones
• Mobile Robots – Automated Guided Vehicles(AGV)
• Video analytics
End Users Covered:
• Aerospace & Defense
• Agriculture
• Banking, Financial Services and Insurance (BFSI)
• Energy & Utilities
• Government and Public Safety
• Healthcare and Life Sciences
• IT & Telecommunication
• Manufacturing
• Media & Entertainment
• Office Buildings
• Retail and Ecommerce
• Transportation and Logistics
• Consumer Goods
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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