The global 5G enterprise market size is expected to reach USD 33.68 billion by 2029 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, Software); By Organization Size (SMEs, Large Enterprises); By End-Use; By Region; Segment Forecast, 2021 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The 5G enterprise industry is extensively inspired by significant drivers, including a unified 5G internal system to enhance cross-industry correlation and advanced manufacturing application growth, 5G enterprise interconnection framework to facilitate several businesses with a suitable location, increase in trend for incredible speed and better network coverage, and economic expansion of software configuration in the network connection.
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 support 5G NR radio interference.
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North America leads the worldwide 5G enterprise industry in 2020, while Asia Pacific is expected to grow at a CAGR of 39.1% over the forecast period. Because businesses like AT&T and Verizon already had begun building out their 5G systems throughout several locations in the U.S., the market in North America is dominating the global 5G enterprise industry.
Some of the major players operating the global market include Airspan Networks, Affirmed Networks, American Tower, AT&T Inc., Ciena Corporation, China Mobile, Cisco Systems Inc., Commscope, Comba Telecom Systems, EE Limited (BT Group), Extreme Networks, Ericsson, Fujitsu, Huawei Technologies Co., Hewlett Packard Enterprise, Juniper Networks, Korea Telecom, NEC, Mavenir, Nokia, Qualcomm Technologies Inc., SK Telecom Co. Ltd., Samsung, T-Mobile, VMware, Inc., Verizon Communications, ZTE Corporation among others.
Polaris Market Research has segmented the 5G enterprise market report on the basis of access equipment, core network technology, service, organization size, end-use, and region:
Market By Access Equipment Network (Revenue – USD Million, 2020 – 2029)
- Radio Node
- Service Node
Market By Core Network Technology (Revenue – USD Million, 2020 – 2029)
- Software-Defined Networking (SDN)
- Network Functions Virtualization (NFV)
Market by Services (Revenue – USD Million, 2020 – 2029)
Market by Organization Size (Revenue – USD Million, 2020 – 2029)
- Small and Medium Enterprises
- Large Enterprises
Market by End-Use (Revenue – USD Million, 2020 – 2029)
- Media & Entertainment
- Retail & Ecommerce
- Healthcare & Life Sciences
- Government & Defense
- Transportation & Logistics
- IT & Telecommunication
Market By Region (Revenue – USD Million, 2020 – 2029)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa