Introduction of the 5G Enterprise Market Report

5G is referred to as a specific advanced wireless system that uses a higher-frequency band of the wireless spectrum, thus allowing the data to be transferred more rapidly as compared to the lower-frequency band dedicated to 4G. The global 5G enterprise market covers various network types, including hybrid networks, private networks, enterprise networks, and CSP networks.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global 5G Enterprise market include the emergence of Industry 4.0, along with the development of smart infrastructure and the delivery of differentiated 5G services through network slicing techniques. Industry 4.0 allows manufacturing organizations to store and analyze  large volume of data based on which enterprises can set goals by using several technologies, including robotics, AI, connected sensors, IoT, and cloud computing. In addition to this, continuous development is aided by Multi-Access edge computing (MEC) to allow high-bandwidth, low-latency enterprise applications. For example, AT&T announced Mobile 5G, Fixed Wireless, and Edge Computing as the major three service pillars of 5G. The company is offering AT&T Multi-Access Edge Compute (MEC) to support the edge computing solution for the deployment of a software-defined network.

Various infrastructural initiatives, including smart cities and smart buildings, are designed to deliver smart services and infrastructure. For instance, the UAE government has announced the Dubai Plan 2021 has an aim to make Dubai a smart and sustainable city. Dubai’s Smart City project has opted for a strategy that involves the transformation of around 1000 government services which includes six sectors: transportation, communication, urban planning, electricity, among others. The smart city has Information and Communication Technology (ICT) infrastructure for the improvement in the quality of life and to increase the efficiency of urban operations and services.

Restraint in the 5G Enterprise Market

The increasing adoption of 4G technology as it is cheaper as it a cheaper alternative option of the individuals, which is a major factor that is likely to hamper the market growth.

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Network Type – Segment Analysis

Based on the network type, the private network segment is expected to grow at a higher CAGR during the forecast period. This is mainly due to the ability of this network type to decrease their dependence on service providers as they opt for private networks. It enables separate data processing and storage and allows the organizations to customize the network.

Infrastructure – Segment Analysis

Based on the Infrastructure, the core network technology is expected to dominate the market during the forecast period. This is attributed to its ability to offer improved end user experience (UX), simplified network operations, increased service creation agility, and better network capabilities.

Vertical – Segment Analysis

Based on the vertical, the IT and telecommunication segment is projected to grow at a higher CAGR during the forecast period. Various telecommunication service providers are upgrading their network to 5G with an aim to offer ultra-high network and data speed. As per the CRN, AT&T is providing 5G services to mobile customers in 21 cities in the U.S. and is helping in covering nationwide 5G coverage in 2020. In 2020, ZTE Corporation, one of the leading telecommunication service providers, introduced its alliance with MTN Uganda to launch the first 5G SA network in East Africa.

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Regional – Segment Analysis:

Based on the region, North America region is expected to grow at a faster CAGR during the forecast period. The increasing demand for advanced technologies, including machine-to-machine communication, AI, connected cars, among others, is driving the growth of the regional market growth. As per Ericson, by 2025, the 5G mobile subscription is projected to touch 318 million, which is more than 80% penetration of all the mobile subscription in the North American region, is further contributing to the market growth. Additionally, various operators such as Verizon and AT&T are focusing on increasing the adoption of 5G narrative. In 2019, AT&T and Chicago-based Rush University Medical Centre and the Rush System for Health entered into a collaboration for leading the standards-based 5G enabled hospital in the U.S.

Top Market Players

Various notable players operating in the market include Huawei Technologies Co., Ltd., Ericsson, Nokia, SAMSUNG, ZTE, NEC Corporation, Oracle, Cisco, Ciena Corporation, and Juniper Networks, Inc., among others. 

Key Developments:

• • In 2020, Ericsson selected SoftBank Corp. to introduce the cloud-native dual mode 5G core. Through this solution, the SoftBank Corp. aimed to develop new 5G use cases towards businesses, consumes, and industry partners.
  • In 2020, ZTE collaborated with China Mobile to launch the country’s first medical edge cloud platform.

Segments covered in the Report:

The global 5G Enterprise market has been segmented on the basis of Network Type, Operator Model, Infrastructure, Spectrum, Organization size, vertical, and regions. Based on Network Type, the market is segmented into Hybrid Network and Private Network. Based on Operator Model, the market is segmented into Communication service providers and Private Enterprises. Based on Infrastructure, the market is segmented into Access Equipment and Core Network Technology. Based on Spectrum the market is segmented into Licensed and Unlicensed/Shared. Based on the Organization Size, the market is segmented into small and medium-size enterprises and large enterprises. Based on the Vertical, the market is segmented into BFSI, Manufacturing, IT and Telecommunication, Energy & Utilities, Retail, Healthcare, Government, and Others.

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Key questions answered in this research report:

• • At what pace is global 5G Enterprise market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in 5G Enterprise market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global 5G Enterprise market?
  • Which Network Type generated maximum revenues in 2019 and identify the most promising Network Type during the forecast period?
  • What are the various Operator Model areas of global 5G Enterprise market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Network Type, By Operator Model, By Infrastructure, By Spectrum, By Organization Size, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Huawei Technologies Co., Ltd., Ericsson, Nokia, SAMSUNG, ZTE, NEC Corporation, Oracle, Cisco, Ciena Corporation, and Juniper Networks, Inc., among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global 5G Enterprise Market by Network Type

• • Hybrid Network
  • Private Network

Global 5G Enterprise Market by Operator Model

• • Communication service providers
  • Private Enterprises

Global 5G Enterprise Market by Infrastructure

• • Access Equipment
  • Core Network Technology

Global 5G Enterprise Market by Spectrum

• • Licensed
  • Unlicensed/Shared

Global 5G Enterprise Market by Organization Size

• • Small and Medium-sized enterprises
  • Large Enterprises

Global 5G Enterprise Market by Vertical

• • BFSI
  • Manufacturing
  • IT and Telecommunication
  • Energy & Utilities
  • Retail
  • Healthcare
  • Government
  • Others

Global 5G Enterprise Market by Region

• • North America 5G Enterprise Market (Option 1: As a part of the free 25% customization)
    • By Network Type
    • By Operator Model
    • By Infrastructure
    • By Spectrum
    • By Organization Size
    • By Vertical
    • US All-Up
    • Canada All-Up
  • Europe 5G Enterprise Market (Option 2: As a part of the free 25% customization)
    • By Network Type
    • By Operator Model
    • By Infrastructure
    • By Spectrum
    • By Organization Size
    • By Vertical
    • UK 5G Enterprise Market All-Up
    • Germany All-Up
    • France All-Up
    • Spain All-Up
    • Rest of Europe All-Up
  • Asia-Pacific 5G Enterprise Market (Option 3: As a part of the free 25% customization)
    • By Network Type
    • By Operator Model
    • By Infrastructure
    • By Spectrum
    • By Organization Size
    • By Vertical
    • China 5G Enterprise Market All-Up
    • India All-Up
    • Japan All-Up
    • Rest of APAC All-Up
  • RoW 5G Enterprise Market (Option 4: As a part of the free 25% customization)
    • By Network Type
    • By Operator Model
    • By Infrastructure
    • By Spectrum
    • By Organization Size
    • By Vertical
    • Brazil 5G Enterprise Market All-Up
    • South Africa All-Up
    • Saudi Arabia All-Up
    • UAE All-Up
    • Rest of world (remaining countries of the LAMEA region) All-Up

Major Players Operating in the 5G Enterprise (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Huawei Technologies Co., Ltd.
  • Ericsson
  • Nokia
  • SAMSUNG
  • ZTE
  • NEC Corporation
  • Oracle
  • Cisco
  • Ciena Corporation
  • Juniper Networks, Inc.