5G Enterprise Market by Access Equipment (Distributed Antenna System, Service Node, and Radio Node), by Core Network Technology (Network Functions Virtualization and Software-Defined Networking), by Service (Software and Platform), by Organization Size (Small and Medium Enterprises and Large Enterprises), and by Vertical (BFSI, Retail, Transportation, Government, Manufacturing, Healthcare, IT and Telecommunications, Agriculture, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2025

Global 5G enterprise market is anticipated to be around USD 2.2 billion by 2020 and reach approximately USD 19.5 billion by 2025, at a CAGR of slightly above 54.7% between 2020 and 2025. Fifth Generation (5G) wireless network technology is all set to revolutionize operations of enormous enterprises worldwide in the near future.

02-Aug-2019 | Number of pages: 201 | Report Code: ZMR-4532 | Report Format : | Status : Published

Analysis

5G wireless broadband technology is anticipated to revolutionize global enterprises in the near future. As the technology is yet to be completely commercialized, the leading enterprises are engaged in understanding the basics of 5G technology. In addition, 5G technologies will tremendously benefit various organization departments in human resources, operations, sales, and marketing along with helping enterprises in both the increment of revenue and overall cost reduction.

The constant need for upgrading enterprise network infrastructure will be significantly driving the 5G enterprise market. Enterprises worldwide are upgrading their wireless network infrastructure, to avail the various benefits of 5G. Adoption of 5G technology in enterprises is forecasted to grow rapidly in the near future, as it not only provides low latency but addition facilitates better efficiency. For multinational enterprises, 5G will ensure uninterrupted wireless connectivity, irrespective of geography. 5G will support a large number of supporting devices in enterprises, as has a wider range and is capable of supporting 10Gbps speed, which will drive the demand for high-speed wireless network and boost the 5G enterprise market worldwide. Furthermore, unified enterprise networks are forecasted to tremendously enhance cross-industry connections and various other industrial applications. However, the absence of appropriate authority for efficient management of corporate network may hinder the 5G enterprise market growth. Furthermore, rising investments in mobile computing and wireless communication solutions are projected to create new market opportunities.

Global 5G Enterprise Market

The global 5G enterprise market is categorized based on access equipment, core network technology, service, organization size, and vertical. The access equipment segment includes service node, radio node, and distributed antenna system. Radio node has a high adoption rate among the enterprises and the segment is anticipated to dominate the market in the future. Software-defined networking and network functions virtualization comprise the core network technology segment. Network functions virtualization facilitates the flexibility of network function alteration, which will fuel this segment to witness the highest CAGR in the years ahead. Based on service, the market is classified into software and platform. By organization size, the market includes small and medium and large enterprises. The vertical segment of the 5G enterprise market comprises BFSI, IT and telecommunications, retail, government, transportation, manufacturing, agriculture, healthcare, and others.

By region, North America is estimated to account for a substantial share of the global 5G enterprise market over the estimated timeframe. This can be attributed to the strong presence of leading market players across the region.

Some leading market players of the global 5G enterprise market are Intel, Nokia, Huawei, ZTE, Samsung, Hewlett Packard Enterprise, Ericsson, Juniper Networks, Verizon Communications, NEC, Fujitsu, Cisco, SK Telecom, and CommScope.


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