5G Enterprise Market:
Growth opportunities in the 5G enterprise market look promising over the next six years. This is mainly due to the delivery of differentiated 5G services through network slicing techniques and the emergence of Industry 4.0.
5G Enterprise Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the drivers contributing to the growth of the global 5G Enterprise market include the evolution of Industry 4.0 coupled with the expansion of smart infrastructure and the delivery of distinguished network slicing techniques. Industry 4.0 permits manufacturing companies to accumulate and examine extensive volume data to prepare targets by various technologies such as cloud computing, connected sensors, robotics, IoT, and AI. Also, as per the 5G enterprise market analysis, the ongoing enlargement is supported by Multi-Access edge computing (MEC) to enable high-bandwidth, low-latency enterprise applications. For instance, AT&T declared Mobile 5G, Edge Computing, and Fixed Wireless as the three prime service pillars of 5G. The company is offering AT&T Multi-Access Edge Compute (MEC) to encourage the edge computing solution for the employment of a software-defined network.
Moreover, several infrastructural strategies such as smart cities and smart buildings are formulated to deliver smart services and infrastructure. For example, the UAE government has introduced the Dubai Plan 2021 to make Dubai a smart and sustainable city. Through this smart city project, the government is pursuing to alter approximately 1000 government services, including six sectors: economic services, communications, transportation, electricity, urban planning, and infrastructure. The smart city comprises Information and Communication Technology (ICT) infrastructure for a better quality of life and raises the efficiency of urban operations and services. However, the augmenting adoption of 4G technology as it is an economical substitute for individuals is obstructing the 5G enterprise market size.
Regional Drivers
Based on the regional coverage, North America is projected to witness region a faster CAGR during the forecast period. This is because of the accelerating demand for advanced technologies, such as machine-to-machine communication, AI, and connected cars. In accordance with the Ericson, the 5G mobile subscription, by 2025, is anticipated to touch 318 million, which exceeds 80% penetration of all the mobile subscriptions, is propelling the market growth. Additionally, many operators, including Verizon and AT&T, are emphasizing increasing the acquisition of the 5G narrative. AT&T and Chicago-based Rush University Medical Centre and the Rush System for Health entered into a partnership in 2019 to lead the standards-based 5G enabled hospital in the U.S.
5G Enterprise Market’s leading Manufacturers:
- Juniper Networks, Inc.
- Cisco
- NEC Corporation
- SAMSUNG
- Ericsson
- Ciena Corporation
- Oracle
- ZTE
- Nokia
- Huawei Technologies Co., Ltd.
5G Enterprise Market Segmentation:
Segmentation by Network Type
- Hybrid Network
- Private Network
Segmentation by Operator Model
- Communication service providers
- Private Enterprises
Segmentation by Infrastructure
- Access Equipment
- Core Network Technology
Segmentation by Spectrum
- Licensed
- Unlicensed/Shared
Segmentation by Organization Size
- Small and Medium-sized enterprises
- Large Enterprises
Segmentation by Vertical
- BFSI
- Manufacturing
- IT and Telecommunication
- Energy & Utilities
- Retail
- Healthcare
- Government
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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