5G Enterprise Market Size Worth $304,496.3 Million By 2032 | CAGR: 59.20%

The global 5G enterprise market size is expected to reach USD 304,496.3 million by 2032, according to a new study by Polaris Market Research. The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment (Radio Node, Service Node, DAS); By Core Network Technology; By Services; By Organization Size; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The 5G enterprise market is expected to witness growth driven by the 5G enterprise interconnection stage, which enables different industries to utilize a single system, fostering cross-market linkage and industrial function development. Additionally, the presence of software applications in data transmission is increasing, further contributing to market expansion.

An example of this progress is the partnership between Huawei and China Mobile, which launched the world's first commercialized 4.9 GHz LampSite system in Shanghai in February 2021. This deployment marked the simultaneous use of an average frequency of 200 MHz on both 2.6 and 4.9 GHz bands, along with dispersed Massive MIMO technology in digital interior systems.

Moreover, the growing demand for next-generation telecommunications network services among businesses is driving the expansion of the enterprise market. Companies seek to engage in fast, premium communication and information services and embrace new technologies like the Internet of Things (IoT) and artificial intelligence (AI). These trends present attractive opportunities for market development. For example, Nokia conducted mmWave technology testing on Mobily's live 5G business networks in Riyadh in April 2021, demonstrating the industry's commitment to exploring and implementing advanced technologies.

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In recent years, increased adoption of 5G network across various industries, with faster speeds, lower latency, and higher capacity of 5G networks. Enterprises are exploring industry-specific applications, leveraging 5G for real-time monitoring, control, and predictive analytics. The deployment of 5G networks has also accelerated the growth of the Internet of Things (IoT) by simultaneously supporting many connected devices.

Integration with edge computing enables faster processing and real-time data analysis, benefiting applications like autonomous vehicles and AR/VR. Network slicing allows enterprises to tailor network resources to specific applications, optimizing performance and security. Enhanced security features of 5G networks are prioritized to protect networks, data, and devices, and partnerships and collaborations are formed to develop tailored 5G solutions and overcome adoption challenges.

5G Enterprise Market Report Highlights

• Radio node segment accounted for largest market share in 2022. Due to it’s a cost savings, hardware flexibility, enhanced cloud technologies, and seamless cross-domain innovation.
• Large enterprises segment held a significant revenue share, due to market expansion is driven by organizations investing in 5G networks and the increasing demand for high-speed internet connectivity.
• Manufacturing segment holds the majority of revenue shares of the market and expected to grow fastest during the forecast period. Notable manufacturers like Gabler adopt AR/VR technology for training, repair, and maintenance, enabled by 5G networks for seamless high-bandwidth AR/VR experiences.
• North America is anticipated to grow significantly over the forecast period. Due to increasing demand for advanced technologies like machine-to-machine connectivity, artificial intelligence, and connected vehicles fuels regional enterprise market growth.
• The global key market players include Affirmed Networks, Extreme Networks, Commscope, ZTE Corporation, Cisco Systems Inc., EE Limited (BT Group), NEC, Verizon Communications, Nokia, China Mobile, Qualcomm Technologies Inc., and others.

Polaris Market Research has segmented the 5G Enterprise market report based on access equipment, core network technology, services, organization size, end-use, and region:

5G Enterprise, Access Equipment Outlook (Revenue - USD Million, 2019 - 2032)

• Radio Node
• Service Node
• DAS

5G Enterprise, Core Network Technology Outlook (Revenue - USD Million, 2019 - 2032)

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

5G Enterprise, Services Outlook (Revenue - USD Million, 2019 - 2032)

• Platform
• Software

     5G Enterprise, Organization Size Outlook (Revenue - USD Million, 2019 - 2032)

• Small and Medium Enterprises
• Large Enterprises

    5G Enterprise, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

• BFSI
• Media and Entertainment
• Retail and Ecommerce
• Healthcare and Life Sciences
• Government and Defense
• Transportation and Logistics
• Manufacturing
• Agriculture
• IT and Telecommunication
• Others

5G Enterprise, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

5G Enterprise Market Report Scope