5G Enterprise Market Size, Share, Trends, Growth and Forecast 2032

5G Enterprise Industry Prospective:

The global 5G Enterprise Market size was worth around USD 3.30 Billion in 2023 and is predicted to grow to around USD 39.88 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 31.9% between 2024 and 2032.

The report covers a forecast and an analysis of the 5G enterprise market on a global and regional level. The study provides forecasted data from 2023 to 2032 based on revenue (USD Billion). The study includes the drivers and restraints of the 5G enterprise market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the 5G enterprise market on a global level.

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5G Enterprise Market: Overview

5G enterprise refers to the application of 5G technology within business environments to enhance connectivity, productivity, and innovation. 5G offers significantly faster data speeds, lower latency, and greater network capacity compared to previous generations of wireless technology. This enables enterprises to leverage advanced digital tools and applications, facilitating seamless communication, real-time data transfer, and the integration of a wide array of Internet of Things (IoT) devices.

The applications of 5G in enterprises are diverse and transformative. In manufacturing, 5G supports smart factories with connected machinery and real-time monitoring, improving efficiency and reducing downtime. In healthcare, it enables remote diagnostics and telemedicine, enhancing patient care. In the retail sector, 5G enhances customer experiences through augmented reality (AR) and virtual reality (VR) applications. Additionally, 5G facilitates the deployment of autonomous vehicles and smart cities, revolutionizing transportation and urban management.

This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and primary research team of industry experts.

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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.

5G Enterprise Market: Segmentation

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.

5G Enterprise Market: Report Scope

5G Enterprise Market: Regional Analysis

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.

5G Enterprise Market: Competitive Analysis

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
• CommScope

This report segments the global 5G enterprise market into:

5G Enterprise Market: Access Equipment Analysis

• Distributed Antenna System (DAS)
• Service Node
• Radio Node

5G Enterprise Market: Core Network Technology Analysis

• Network Functions Virtualization (NFV)
• Software-Defined Networking (SDN)

5G Enterprise Market: Service Analysis

• Software
• Platform

5G Enterprise Market: Organization Size Analysis

• Small and Medium Enterprises
• Large Enterprises

5G Enterprise Market: Vertical Analysis

• BFSI
• Retail
• Transportation
• Government
• Manufacturing
• Healthcare
• IT and Telecommunications
• Agriculture
• Others

5G Enterprise Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa