5G Enterprise Trends and Forecast
The future of the global 5G enterprise market looks promising with opportunities in the mobile robots (AGV), video analytics, drones, AR/VR, and communication applications. The global 5G enterprise market is expected to reach an estimated $22.2 billion by 2030 with a CAGR of 31.1% from 2024 to 2030. The major drivers for this market are expanding use of various smart and efficient electronic gadgets, growing need for high-speed connectivity among enterprises, and rising development of smart cities globally to enhance living conditions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
5G Enterprise by Segment
The study includes a forecast for the global 5G enterprise by network type, operator model, spectrum, application, and region
5G Enterprise Market by Network Type [Shipment Analysis by Value from 2018 to 2030]:
• Hybrid Networks
• Private Networks
• Enterprise Network
• CSP Network
5G Enterprise Market by Operator Model [Shipment Analysis by Value from 2018 to 2030]:
• Communication Service Provider
• Private Enterprises
5G Enterprise Market by Spectrum [Shipment Analysis by Value from 2018 to 2030]:
• Licensed
• Unlicensed/Shared
5G Enterprise Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
• Communication
• Others
List of 5G Enterprise Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G enterprise companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G enterprise companies profiled in this report include-
• Huawei Technologies
• Ericsson
• Nokia Networks
• Samsung
• Hewlett Packard Enterprise
• Microsoft
• Oracle
• Cisco
• Ciena
• Juniper Networks
5G Enterprise Market Insights
5G Enterprise Market Insights
Lucintel forecast that private network is expected to witness highest growth over the forecast period because it uses 5G technology to offer specialized services and connectivity based on the unique requirements of the business.
Within this market, AR.VR will remain the largest segment due to growing popularity owing to its consistent speeds in the gaming sector, as well as, considering that leading manufacturers are currently using AR and VR technology for equipment maintenance and training applications.
North America will remain the largest segment over the forecast period because of increasing number of companies are using cutting-edge technologies, streamlining workflows, and utilizing data-driven insights to undertake a substantial digital transformation.
Features of the Global 5G Enterprise Market
Market Size Estimates: 5G enterprise market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: 5G enterprise market size by various segments, such as by network type, operator model, spectrum, application, and region in terms of value ($B).
Regional Analysis: 5G enterprise market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different network type, operator model, spectrum, application, and regions for the 5G enterprise market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G enterprise market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the 5G enterprise market size?
Answer: The global 5G enterprise market is expected to reach an estimated $22.2 billion by 2030.
Q.2 What is the growth forecast for 5G enterprise market?
Answer: The global 5G enterprise market is expected to grow with a CAGR of 31.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the 5G enterprise market?
Answer: The major drivers for this market are expanding use of various smart and efficient electronic gadgets, growing need for high-speed connectivity among enterprises, and rising development of smart cities globally to enhance living conditions.
Q4. What are the major segments for 5G enterprise market?
Answer: The future of the global 5G enterprise market looks promising with opportunities in the mobile robots (AGV), video analytics, drones, AR/VR, and communication applications.
Q5. Who are the key 5G enterprise market companies?
Answer: Some of the key 5G enterprise companies are as follows:
• Huawei Technologies
• Ericsson
• Nokia Networks
• Samsung
• Hewlett Packard Enterprise
• Microsoft
• Oracle
• Cisco
• Ciena
• Juniper Networks
Q6. Which 5G enterprise market segment will be the largest in future?
Answer: Lucintel forecast that private network is expected to witness highest growth over the forecast period because it uses 5G technology to offer specialized services and connectivity based on the unique requirements of the business.
Q7. In 5G enterprise market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest segment over the forecast period because of increasing number of companies are using cutting-edge technologies, streamlining workflows, and utilizing data-driven insights to undertake a substantial digital transformation.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 5G enterprise market by network type (hybrid networks, private networks, enterprise network, and CSP network), operator model (communication service provider and private enterprises), spectrum (licensed and unlicensed/shared), application (mobile robots (AGV), video analytics, drones, AR/VR, communication, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to 5G Enterprise Market, 5G Enterprise Market Size, 5G Enterprise Market Growth, 5G Enterprise Market Analysis, 5G Enterprise Market Report, 5G Enterprise Market Share, 5G Enterprise Market Trends, 5G Enterprise Market Forecast, 5G Enterprise Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.