The global 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research. The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer. They will establish new connectivity, which will assist the businesses to widen their capabilities.
Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510. These instruments offer new and advanced technological features and supports 5G NR radio interference.
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The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.
For instance, in February 2019, Infosys declared that they have commenced a 5G technology as a service to form their own distribution network. This will assist the big firms to establish their own economic world by utilizing 5G technology. 5G Living labs will originate at Indianapolis, Bengaluru, Frankfurt, Richardson, and Melbourne.
Market participants such as Affirmed Networks, Airspan Networks, American Tower, AT&T Inc., China Mobile, Ciena Corporation, Cisco Systems Inc., Comba Telecom Systems, Commscope, EE Limited (BT Group), Ericsson, Extreme Networks, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies Co., Juniper Networks, Korea Telecom, Mavenir, NEC, Nokia, Qualcomm Technologies Inc., Samsung, SK Telecom Co. Ltd., T-Mobile, Verizon Communications, VMware, Inc., ZTE Corporation are some of the key players operating in the global market.
Players in the market are focusing on new product launches, increasing expansions, collaborations and partnerships to enhance their market share and product portfolio. For instance, in October 2018, Fujitsu Limited and Ericsson signed a contract to supply end-to-end 5G network solutions and associated services under a strategic partnership. The partnership focused to invent 5G solutions based on their integrated portfolios, for the ongoing 5G network project in Japan, connecting telecom service providers to the 5G ecosystem across the globe.
Polaris Market Research has segmented the 5G Enterprise Market report on the basis of access equipment, core network technology, by service, by organization size, by end use, and region
Market By Access Equipment Network (Revenue – USD Million, 2019 – 2027)
- Radio Node
- Service Node
Market By Core Network Technology (Revenue – USD Million, 2019 – 2027)
- Software-Defined Networking (SDN)
- Network Functions Virtualization (NFV)
Market by Services (Revenue – USD Million, 2019 – 2027)
Market by Organization Size (Revenue – USD Million, 2019 – 2027)
- Small and Medium Enterprises
- Large Enterprises
Market by End Use (Revenue – USD Million, 2019 – 2027)
- Media and Entertainment
- Retail and Ecommerce
- Healthcare and Life Sciences
- Government and Defense
- Transportation and Logistics
- Manufacturing, Agriculture
- IT and Telecommunication
Market By Region (Revenue – USD Million, 2019 – 2027)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa