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5G Enterprise Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI4201

5G Enterprise Market Size

5G Enterprise Market is projected to grow at lucrative CAGR from 2024 to 2032, due to the increasing capability of 5G services to support SD-WAN and offer connectivity for applications to run in remote areas. 5G enables businesses to incorporate more sensors and devices in remote locations without hefty investments in fixed-line connectivity for high data consumption and connected use cases. According to the Cellular Telecommunications Industry Association, wireless broadband speeds in the U.S. have increased by 42% year-over-year. The adoption of new 5G enterprises technologies is providing better broadband speeds across the region.

5G enterprise technology also allows high-tech platforms to deploy Internet of Things (IoT), which is currently one of the crucial aspects of Industry 4.0 and industrial automation. The emergence of edge computing and network slicing technologies in 5G networks is further enabling enterprises to deploy customized and decentralized network architectures tailored to their specific needs. Rising partnerships between telecom providers and enterprise solution providers are facilitating the development of industry-specific 5G solutions for catering to diverse enterprise requirements, further accelerating the market expansion.

5G Enterprise Market Trends

The increasing adoption of IoT devices and applications across industries is driving the demand for high-speed, low-latency connectivity networks. The rise of remote work and virtual collaboration tools is necessitating robust and reliable 5G infrastructure to support seamless communication and productivity. Industries, such as manufacturing, healthcare, and transportation are also leveraging 5G technology for real-time monitoring, automation, and augmented reality applications for enhancing operational efficiency and safety.

5G Enterprise Market Analysis

Based on access equipment, the industry value from the radio node segment is projected to rise at notable rate from 2024 to 2032. This can be attributed to the increasing demand for high-capacity, low-latency connectivity in enterprise environments. The proliferation of IoT devices and applications is requiring robust radio node infrastructure to support seamless communication. Significant advances in radio node technology, such as Massive MIMO and beamforming will also enhance the network performance and coverage, adding to the segment growth.

The IT and telecommunications end-use segment is anticipated to account for significant share of the 5G enterprise industry until 2032. The strong demand for high-speed, low-latency connectivity in data centers and telecommunications networks is driving the adoption of 5G technology to support emerging applications, such as edge computing and cloud services. The rising need to improve network capacity and reliability to accommodate the growing volume of data traffic and support advanced telecommunications services like VoIP and video conferencing will further accelerate the market penetration of 5G enterprise in the IT and telecommunications sector.

North America 5G enterprise market size will expand at noticeable rate between 2024 and 2032, on account of the strong technological infrastructure and early deployment of 5G networks. Several enterprises are leveraging advanced connectivity for innovative applications, such as IoT, augmented reality, and remote monitoring. The growing demand for high-speed, low-latency communication solutions in healthcare, manufacturing, and logistics is fueling the adoption of 5G technology. For instance, in March 2022, Ericsson and Rogers announced a collaboration to unveil the very first commercial 5G standalone network in Canada, to potentially support an unprecedented growth of IoT devices. Additionally, government initiatives and investments in 5G infrastructure development will further boost the regional market expansion.

5G Enterprise Market Share

Leading players in the 5G enterprise industry are expanding their business share through mergers, acquisitions, partnerships, and technology developments to establish a strong foothold in the industry.

Some of the major 5G enterprise companies are:

  • Ciena Corporation
  • Affirmed Networks (Microsoft Corporation)
  • Hewlett-Packard Enterprise Development LP
  • AT&T Intellectual Property (AT&T)
  • Juniper Networks, Inc.
  • LTD. (SK)
  • ZTE
  • Verizon
  • Cradlepoint, Inc. (Ericsson)
  • Mavenir (Mavenir plc)
  • Nokia
  • CommScope

5G Enterprise Industry News:

  • In February 2024, Wipro, and Nokia jointly launched a 5G private wireless solution for enterprises, aimed at enhancing their digital transformation. This integrated solution offers enterprises a secure 5G private wireless network integrated with their operational infrastructure.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Preeti Wadhwani

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