The report "5G Enterprise Market
by Network Type (Hybrid Network, Private Network), Operator Model,
Infrastructure, Spectrum, Frequency Band, Organization Size,
Application, Vertical, Region - Global Forecast to 2027", is
expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by
2027, at a CAGR of 31.8%. A few major factors driving the growth of this
market are the emergence of Industry 4.0 paving the way for mMTC, the
development of smart infrastructure, and the delivery of differentiated
5G services using network slicing technique. The critical challenge
faced by the market players is the requirement of the high spending
capability of carriers to set up a 5G infrastructure. Similarly, the
adoption of Wi-Fi communication technology by enterprises and security
concerns in the 5G core network are the major factors hindering the
market growth. Low latency connectivity with uRLLC and increasing demand
for private networks from various enterprises and government
organizations for mission-critical applications. Despite the market
being in the infancy stage, a lot of research is being conducted in the
market.
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128223246Browse 116 market data Tables and 85 Figures spread through 272 Pages and in-depth TOC on "5G
Enterprise Market by Network Type (Hybrid Network, Private Network),
Operator Model, Infrastructure, Spectrum, Frequency Band, Organization
Size, Application, Vertical, Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/5g-enterprise-market-128223246.html
Hybrid network segment is attributed to hold the largest share of the 5G enterprise market
Hybrid
network is expected to hold a major market share owing to the growing
number of users because of the high speed and time-share connectivity
offered by 5G technology.
Private networks to witness the highest growth in 5G enterprise market in coming years
Private
enterprises are expected to witness a higher CAGR in the coming years.
Adopting technologies such as private 5G networks and small cells by
enterprises for business-critical applications is increasing. Since it
provides the enterprises with reliability and coverage, enterprises
adopt 5G core network technologies by deploying standalone solutions.
Access equipment accounted for a larger share of the 5G enterprise market
Access
equipment accounted for a larger share of the 5G enterprise market
owing to the constantly increasing demand for better network
connectivity and high-speed data transfer rate, which is fulfilled by 5G
enterprise networks.
Unlicensed/shared spectrum is expected to gain traction during the forecast period
Unlicensed/shared
spectrum is expected to gain traction in the coming years as it permits
the use of spectrum with approved equipment without a license from the
Federal Communications Commission (FCC). Also, users need not have to
coordinated among themselves while using the network. 2.4 GHz
Industrial, Scientific, and Medical (ISM) and 5 GHz Unlicensed National
Information Infrastructure (UNII) are the well-known standards through
which Wi-Fi typically operates. This spectrum can provide significant
capacity boosts for commercial networks without the need for wireless
service providers (WSPs) to acquire licenses by themselves.
Sub-6 GHz is attributed to hold major share of 5G enterprise market during the forecast period
Sub-6
GHz held a larger market share in 2020 as it offers an amalgamation of
coverage and capacity benefits to 5G users. The Sub-6 GHz spectrum is
needed for extensive coverage of high-speed 5G mobile broadband across
urban, suburban, and rural areas, as well as help support IoT services.
It is essential that regulators assign as much coherent spectrum as
possible in the 3.3–3.8 GHz range and consider the 4.5–5 GHz and 3.8–4.2
GHz ranges for mobile use.
Small and medium-sized enterprises are projected to witness highest CAGR for the forecasted period
Small
and medium-sized enterprises are projected to witness highest CAGR for
the forecasted period as they are intended to adopt 5G enterprise
networks at a larger scale in coming years to enhance their business
functionality by having a unified solution that would allow the
management (provisioning, monitoring, and control) of the entire
distributed set of networks with limited resources.
Communication applications held the largest market size in 2020
Communication
applications held the largest market size owing to the successful
commercialization of 5G networks worldwide and the growing adoption of
the 5G network owing to its dynamic features such as high data rates and
low latency.
Healthcare is expected to witness the highest CAGR during the forecast period
Healthcare
is expected to witness the highest CAGR during the forecast period
owing to the surging number of use cases and applications of 5G networks
in the telemedicine market. For the healthcare sector, the 5G network
infrastructure facilitates HD video calls and images. 5G network works
at high speed; in other words, it has low latency time, which is an
essential requirement of healthcare institutions, hospitals, and life
science research centers for multiple applications and use cases, such
as connected health devices, mHealth, and telemedicine, thereby enabling
interaction between patients, doctors, medical experts, and scientists
that are present at remote locations, as well as share digital images
wirelessly from any site.
APAC is attributed to hold major share of 5G enterprise market throughout the forecast period
APAC
is a diversified region with its countries transitioning toward their
digital transformation. The region is set to dominate 5G, edge
computing, blockchain, and 5G core technologies owing to its size and
diversity, as well as due to strategic lead taken by countries,
including Singapore, South Korea, China, Australia, and Japan. Japan and
China are the largest manufacturing economies that produce automobiles,
IT products, and electronic products in APAC. The manufacturing
paradigm has changed considerably in APAC, with industries adopting
advanced technologies, such as robotics and big data analytics. South
Korea, China, and Japan are the prime countries in the region that have
started several 5G-related activities.
Key Market Players
The
5G enterprise market was dominated by Huawei (China), Ericsson
(Sweden), Nokia Networks (Finland), Samsung (South Korea), and ZTE
(China).
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