5G Enterprise Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4201
5G Enterprise Market size is expected to grow significantly over the forecast period due to increasing demand for 5G enterprise connectivity platforms in several industrial sectors such as IT & telecom and BFSI. The adoption of 5G enterprise technology is increasing in the BFSI sector to provide new platforms for delivering improved financial services & solutions to customers. The rising necessity of 5G connectivity platforms to meet the demand for high-speed internet and improved network coverage will further surge the market growth. The increasing adoption of 5G enterprise equipment for high-speed data transfer and access to several network-connected devices will drive the growth of the 5G enterprise market. Growing initiatives by the major companies to work in collaboration for making advancements in 5G enterprise technology will accelerate the market growth. For instance, in February 2018, Nokia, Deutsche Telekom, and Hamburg Port Authority collaborated to conduct research and testing of various aspects of 5G functionalities such as traffic lights management, virtual reality, and data processing from mobile sensors in the industrial environment.
5G enterprise technology enables enterprises to organize their workforce, extend automation, and support new applications through increased network capacity and high-speed internet. This technology also provides more bandwidth for emerging commercial IoT applications, thereby increasing reliability and density of internet coverage capacity. The technology assists enterprises in reducing latency and providing a single platform for handling multiple users at the same time to simplify the workflow. The 5G technology also has a positive impact on the development of technologies, such as virtualization, blockchain, and Artificial Intelligence (AI), that are already adopted by organizations. It assists organizations in enhancing their several applications such as live streaming, connected vehicles, industrial automation, immersive gaming, smart homes & buildings, and augmented & virtual reality. The inclination of large enterprises toward the deployment of 5G enterprise networks to monitor & regulate their huge and complicated network infrastructures across assorted business divisions will drive the 5G enterprise market growth.
North America is expected to hold a significant share in the 5G enterprise market due to the increasing R&D activities for the development of new designs & technologies such as Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) via cloud computing, mobility services and Bring Your Own Device (BYOD). Favorable standards & networking regulations in the countries such as the U.S. and Canada will further surge the market growth in this region. For instance, in October 2018, the U.S. government issued the memorandum for developing a sustainable spectrum strategy to create a long-term spectrum plan for the wireless and satellite technologies for 5G. Increasing telecom companies’ investments for the deployment of 5G services will also help in the market growth. For instance, in May 2019, according to the American Industries Association, the telecommunications operators in the U.S. are planning to invest USD 275 billion to deploy 5G networks to deliver high-speed & high-capacity applications.
APAC 5G enterprise market is expected to show rapid growth over the forecast period due to the adoption of new wireless technologies across various sectors and increasing initiatives by organizations to conduct 5G trials. For instance, in February 2019, Samsung entered into an agreement with Fastweb to conduct a trial for first 5G Fixed Wireless Access (FWA) on the commercial spectrum. Companies are taking initiatives to demonstrate 5G FWA networks to deliver ultra-broadband connectivity & gigabit experience to end users. Players operating in the APAC region are providing solutions to global customers to expand their geographic presence. For instance, in July 2018, a Russia-based Mobile TeleSystems (MTS) declared that they are using 5G network and devices offered by Samsung to demonstrate a series of 5G set-ups including HD video calls, high-definition video streaming & ultra-low latency video games.
The companies operating in the 5G enterprise market are involved in making partnerships & collaboration to enhance their services offering. For instance, in November 2018, Huawei Technologies Co., Ltd. signed a joint innovation Memorandum of Understanding (MoU) with Telkomsel to enhance its flexible package services, user experience assurance, & enterprise mobile broadband (MBB) services. This joint innovation provides competitive mobile broadband (MBB) services and optimizes enterprises experience. In October 2018, Fujitsu Limited entered into an agreement with Ericsson to deliver end-to-end 5G network solutions & services based on their combined portfolios, core network, and spanning radio access.
The players are also involved in new product developments, enhancing the quality of existing products to hold their position in the market. For instance, in November 2018, Nokia launched an upgraded version of Cloudband Infrastructure software to deliver secure and unified virtual infrastructure management, providing secure 5G cloud deployment. Some of the prominent players operating in the 5G enterprise market include Affirmed Networks, AT&T Intellectual Property, Ciena Corporation, Cisco Systems, CommScope, Cradlepoint, Inc., FUJITSU, Hewlett-Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Juniper Networks, Inc., Mavenir, NEC Technologies India Private Limited, Nokia, SAMSUNG, SK TELECOM CO., LTD., Telefonaktiebolaget LM Ericsson, Verizon, and ZTE.
By Access Equipment, 2014-2025 (USD Million)
- Radio Node
- Service Node
- Distributed Antenna Systems (DAS)
By Core Network Technology, 2014-2025 (USD Million)
- Software-Defined Networking (SDN)
- Network Functions Virtualization (NFV)
By Organization Type, 2014-2025 (USD Million)
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By End-user 2014-2025 (USD Million)
- Transportation & Logistics
- IT and Telecommunications
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Affirmed Networks
- AT&T Inc.
- Ciena Corporation
- Cisco Systems Inc.
- Cradlepoint, Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- Juniper Networks, Inc.
- NEC Technologies India Private Limited
- Nokia Networks
- SK TELECOM CO., LTD.
- Telefonaktiebolaget LM Ericsson
- Verizon Communications, Inc.
- ZTE Corporation
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.