Global 5G Enterprise Technology Market, By Access Equipment (Radio Node, Service Node, DAS), Core Network Technology (Software-Defined Networking (SDN), Network Functions Virtualization (NFV)), Services (Platform, Software), Organization Size (Small Enterprises, Medium Enterprises, Large Enterprises), End-User (BFSI, Retail, Media and Entertainment, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others) – Industry Trends and Forecast to 2030.
5G Enterprise Market Analysis and Size
5th Generation is the new adaptation of the cellular mobile communications after 4G, 3G and 5G. This new technology will be very rapid and when merging with new technologies like the Internet of things and Edge-to-Edge capabilities they are going to create a whole new experience for the user customer. They will form new connectivity, software and so forth, which will aid the business to spread themselves. 5G is the advanced generation in the array of cellular communication technologies, operating in enormous radio frequency bands, permitting novel utilization framework beyond the present mobile broadband.
Data Bridge Market Research analyses that the global 5G enterprise market which was USD 25,690 million in 2022, is expected to USD 3,48,760 million by 2030, and is expected to undergo a CAGR of 11.40% during the forecast period. This indicates the market value. “Radio Node ” dominates the type segment of the 5G Enterprise market due to their sports and fitness segment is expected to dominate the market as due to continuous increasing adoption of wearable electronic devices for sports and fitness in the order to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
5G Enterprise Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Access Equipment (Radio Node, Service Node, DAS), Core Network Technology (Software-Defined Networking (SDN), Network Functions Virtualization (NFV)), Services (Platform, Software), Organization Size (Small Enterprises, Medium Enterprises, Large Enterprises), End-User (BFSI, Retail, Media and Entertainment, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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NEC Corporation India Private Limited (India), Cisco Systems India Pvt. Ltd (India), Juniper Networks, Inc. (U.S.), Airspan Networks.(U.S.), Huawei Technologies Co., Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Nokia. (Finland), SAMSUNG (South Korea), ZTE Corporation (China), Mavenir (U.S.), Affirmed Networks (U.S.), Airspan (U.S.), CommScope (U.S.), VMware, Inc (U.S.), Extreme Networks (U.S.), Comba Telecom Systems Holdings Ltd. (china), ATC IP LLC (U.S.), FUJITSU (Japan); Verizon (U.S.), SK TELECOM CO., LTD. ALL (South Korea), Hewlett Packard Enterprise Development LP (U.S.)
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Market Opportunities
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Market Definition
5G Enterprise or IVR refers to a technology which allows humans to interact with an automated telephone system. Apparently, it receives a combination of telephone input and keypad selection tone to basically provide appropriate responses to inquiries in the form of voice, email, fax, call back, and other contact methods. The major purpose of 5G enterprise is to interact with callers, collect information and direct the incoming calls to the appropriate recipients.
Global 5G Enterprise Dynamics
Drivers
- Increasing Demand for High-Speed Connectivity
The demand for high-speed and low-latency connectivity continues to grow across various industries. 5G technology offers significantly faster data speeds compared to its predecessors, making it a critical enabler for applications like IoT, augmented reality (AR), virtual reality (VR), and more.
- Rapid Growth of IoT (Internet of Things)
The proliferation of IoT devices across industries such as manufacturing, healthcare, agriculture, and smart cities requires robust and scalable connectivity solutions. 5G networks provide the necessary infrastructure to support the massive number of IoT devices and the data they generate.
Opportunities
- Industry-Specific Solutions
Enterprises in various industries, including healthcare, agriculture, logistics, and manufacturing, can develop and implement industry-specific 5G solutions to enhance efficiency, productivity, and customer experiences.
- Telemedicine and Remote Healthcare
5G enables high-quality, low-latency video conferencing and remote monitoring in healthcare. There are opportunities for healthcare providers to expand telemedicine services and improve patient care, especially in remote or underserved areas.
Restraint/Challenge
- Infrastructure Costs
Building and upgrading 5G infrastructure is a significant investment for telecom operators and enterprises. The high initial costs of deploying 5G networks, including the installation of small cells and upgrading existing infrastructure, can be a restraint, especially for smaller businesses
Recent Developments
- In March 2022, STL, ASOCS, and VMWare announced the launch of the industry's first end-to-end 5G enterprise solution to address the growing demand for private 5G enterprise connectivity for campus, industrial, and venue applications
- In January 2022, Nokia and Tech Mahindra have announced their partnership to deploy 5G-based solutions for business organizations. Tech Mahindra will use Nokia's private wireless DAC (digital automation cloud) solution for clients across sectors as part of this agreement to help automate 5G. Private wireless network management on a cloud computing system, with the ability to implement Internet of Things technologies
Global 5G Enterprise Scope
The 5G enterprise market is segmented on the basis of access equipment, core network technology, services, organization size and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Access Equipment
- Radio Node
- Service Node
- DAS
Core Network Technology
- Software-Defined Networking (SDN)
- Network Functions Virtualization (NFV)
Services
- Platform
- Software
Organization Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
End-User
- BFSI
- Retail
- Media and Entertainment
- Healthcare and Life Sciences
- Government and Defense
- Transportation and Logistics
- Manufacturing
- Agriculture
- IT and Telecommunications
- Others
Global 5G Enterprise Market Regional Analysis/Insights
Global 5G enterprise market is analysed and market size insights and trends are provided by access equipment, core network technology, services, organization size and end-use.
The countries covered in the 5G enterprise market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 5G enterprise market because of the high rate of adoption of 5G enterprise technology within the region over the forecast period of 2023 to 2030. Moreover, the increased research and development proficiencies to improve the technology is further estimated to accelerate the expansion over the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to rapid urbanization and construction of smart cities within the region. The increasing awareness about the 5G enterprise technology is a significant contributor to the regional market expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global 5G Enterprise Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to global 5G enterprise market.
Some of the major players operating in the global 5G enterprise are:
- NEC Corporation India Private Limited (India)
- Cisco Systems India Pvt. Ltd (India)
- Juniper Networks, Inc. (U.S.)
- Airspan Networks. (U.S.)
- Huawei Technologies Co., Ltd. (China)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Nokia. (Finland)
- SAMSUNG (South Korea)
- ZTE Corporation (China)
- Mavenir (U.S.)
- Affirmed Networks (U.S.)
- Airspan (U.S.)
- CommScope (U.S.)
- VMware, Inc (U.S.)
- Extreme Networks (U.S.)
- Comba Telecom Systems Holdings Ltd. (China)
- ATC IP LLC (U.S.)
- FUJITSU (Japan)
- Verizon (U.S.)
- SK TELECOM CO., LTD. ALL (South Korea)
- Hewlett Packard Enterprise Development LP (U.S.)
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