5G Enterprise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global 5G enterprise market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.4 Billion by 2028, exhibiting a growth rate (CAGR) of 34% during 2023-2028.
5G is a fifth-generation technology for broadband cellular networks that offers a high data rate, low latency, greater bandwidth, high coverage and reliability, and improved quality of service (QoS) at affordable prices. It also helps in streaming ultra-high-definition (HD) videos, and augmented reality and virtual reality (AR/VR) media. At present, it finds extensive applications in enterprises of different industry verticals, such as information technology (IT), telecommunications, manufacturing, and banking, financial services and insurance (BFSI). This can be accredited to its assistance in the introduction of new technologies, such as edge computing and network slicing, for developing immersive solutions that provide the tools for enterprises to transform digitally.
5G Enterprise Market Trends:
With the increasing remote workforce on account of the coronavirus disease (COVID-19) outbreak, the adoption of 5G enterprise solutions is rising across the globe. This represents one of the key factors impelling the growth of the market. Moreover, there is an increase in the use of these solutions in the retail industry as they provide retailers with uninterrupted business, streamlined operations, a reliable network that handles peak-time traffic, and the ease of tracking products, prices, inventory, and customer information. Additionally, faster connections and reduced latency aid in introducing new features in brick-and-mortar establishments, including digital price tags and smart digital displays. Besides this, 5G enterprise solutions are increasingly employed in the healthcare sector as it allows remote patient monitoring and video-enabled prescription management and offers connected ambulance and HD virtual consultations. This, coupled with the rising focus of enterprises on implementing new technologies to improve service delivery, reduce costs, and gain competitive advantage, is anticipated to fuel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 5G enterprise market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on frequency, spectrum, network type, organization size and industry vertical.
Breakup by Frequency:
Sub-6Ghz
mmWave
Breakup by Spectrum:
Licensed
Unlicensed/Shared
Breakup by Network Type:
Hybrid Networks
Private Networks
Enterprise Network
CSP Network
Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Industry Vertical:
BFSI
Healthcare
Retail and E-Commerce
IT and Telecom
Manufacturing
Government and Public Sector
Energy and Utility
Media and Entertainment
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Cisco Systems Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Juniper Networks Inc., Nokia Corporation, Oracle Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc. and ZTE Corporation.
Key Questions Answered in This Report
1. What was the size of the global 5G enterprise market in 2022?
2. What is the expected growth rate of the global 5G enterprise market during 2023-2028?
3. What has been the impact of COVID-19 on the global 5G enterprise market?
4. What are the key factors driving the global 5G enterprise market?
5. What is the breakup of the global 5G enterprise market based on the frequency?
6. What is the breakup of the global 5G enterprise market based on the spectrum?
7. What is the breakup of the global 5G enterprise market based on the organization size?
8. What is the breakup of the global 5G enterprise market based on the industry vertical?
9. What are the key regions in the global 5G enterprise market?
10. Who are the key players/companies in the global 5G enterprise market?
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global 5G Enterprise Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Forecast
- 6 Market Breakup by Frequency
- 6.1Sub-6Ghz
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2mmWave
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Spectrum
- 7.1Licensed
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Unlicensed/Shared
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Network Type
- 8.1Hybrid Networks
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2Private Networks
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3Enterprise Network
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4CSP Network
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Organization Size
- 9.1Small and Medium-sized Enterprises
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2Large Enterprises
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Industry Vertical
- 10.1BFSI
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2Healthcare
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3Retail and E-Commerce
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4IT and Telecom
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5Manufacturing
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6Government and Public Sector
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7Energy and Utility
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 10.8Media and Entertainment
- 10.8.1 Market Trends
- 10.8.2 Market Forecast
- 10.9Others
- 10.9.1 Market Trends
- 10.9.2 Market Forecast
- 11 Market Breakup by Region
- 11.1North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1Overview
- 12.2Strengths
- 12.3Weaknesses
- 12.4Opportunities
- 12.5Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1Overview
- 14.2Bargaining Power of Buyers
- 14.3Bargaining Power of Suppliers
- 14.4Degree of Competition
- 14.5Threat of New Entrants
- 14.6Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1Market Structure
- 16.2Key Players
- 16.3Profiles of Key Players
- 16.3.1AT&T Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2Cisco Systems Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3Fujitsu Limited
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4Hewlett Packard Enterprise Company
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5Huawei Technologies Co. Ltd.
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 SWOT Analysis
- 16.3.6Juniper Networks Inc.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7Nokia Corporation
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8Oracle Corporation
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9Samsung Electronics Co. Ltd.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10Telefonaktiebolaget LM Ericsson
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11Verizon Communications Inc.
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12ZTE Corporation
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook