The Worldwide 5G Enterprise Industry is Expected to Reach $10.9 Billion by 2027 at a CAGR of 31.8% from 2021
DUBLIN, April 13, 2021 /PRNewswire/ -- The "5G Enterprise Market by Network Type (Hybrid Network, Private Network), Operator Model, Infrastructure, Spectrum, Frequency Band, Organization Size, Application, Vertical, Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The 5G enterprise market is expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by 2027, at a CAGR of 31.8%.
Sub-6 GHz is attributed to hold a major share of the 5G enterprise market during the forecast period
Sub-6 GHz held a larger market share in 2020 as it offers an amalgamation of coverage and capacity benefits to 5G users. The Sub-6 GHz spectrum is needed for extensive coverage of high-speed 5G mobile broadband across urban, suburban, and rural areas, as well as help support IoT services. It is essential that regulators assign as much coherent spectrum as possible in the 3.3-3.8 GHz range and consider the 4.5-5 GHz and 3.8-4.2 GHz ranges for mobile use.
Small and medium-sized enterprises are projected to witness the highest CAGR for the forecasted period
Small and medium-sized enterprises are projected to witness the highest CAGR for the forecasted period as they are intended to adopt 5G enterprise networks at a larger scale in coming years to enhance their business functionality by having a unified solution that would allow the management (provisioning, monitoring, and control) of the entire distributed set of networks with limited resources.
Communication applications held the largest market size in 2020
Communication applications held the largest market size owing to the successful commercialization of 5G networks worldwide and the growing adoption of the 5G network owing to its dynamic features such as high data rates and low latency.
Healthcare is expected to witness the highest CAGR during the forecast period
Healthcare is expected to witness the highest CAGR during the forecast period owing to the surging number of use cases and applications of 5G networks in the telemedicine market. For the healthcare sector, the 5G network infrastructure facilitates HD video calls and images. 5G network works at high speed; in other words, it has low latency time, which is an essential requirement of healthcare institutions, hospitals, and life science research centers for multiple applications and use cases, such as connected health devices, mHealth, and telemedicine, thereby enabling interaction between patients, doctors, medical experts, and scientists that are present at remote locations, as well as share digital images wirelessly from any site.
APAC is attributed to hold a major share of the 5G enterprise market throughout the forecast period
APAC is a diversified region with its countries transitioning toward their digital transformation. The region is set to dominate 5G, edge computing, blockchain, and 5G core technologies owing to its size and diversity, as well as due to strategic lead taken by countries, including Singapore, South Korea, China, Australia, and Japan. Japan and China are the largest manufacturing economies that produce automobiles, IT products, and electronic products in APAC. The manufacturing paradigm has changed considerably in APAC, with industries adopting advanced technologies, such as robotics and big data analytics. South Korea, China, and Japan are the prime countries in the region that have started several 5G-related activities.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in 5G Enterprise Market 4.2 5G Enterprise Market, by Network Type 4.3 5G Enterprise Market, by Operator Model 4.4 5G Enterprise Market, by Spectrum 4.5 5G Enterprise Market, by Infrastructure 4.6 5G Enterprise Market, by Organization Size 4.7 5G Enterprise Market in Apac, by Country and Frequency Band 4.8 5G Enterprise Market, by Application 4.9 5G Enterprise Market, by Vertical 4.10 5G Enterprise Market, by Region (USD Million)
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Emergence of Industry 4.0 Paving Way for Mmtc 5.2.1.2 Developent of Smart Infrastructure
5.2.1.3 Delivery of Differentiated 5G Services Using Network Slicing Technique 5.2.2 Restraints 5.2.2.1 Adoption of Wi-Fi Communication Technology by Enterprises 5.2.2.2 Security Concerns in 5G Core Network 5.2.3 Opportunities 5.2.3.1 Low Latency Connectivity with Urllc 5.2.3.2 Increasing Demand for Private 5G Networks from Various Enterprises and Government Organizations for Mission-Critical Applications 5.2.4 Challenges 5.2.4.1 Requirement for High Spending Capability of Carriers to Set Up 5G Infrastructure 5.3 Revenue Shift and New Revenue Pockets for 5G Infrastructure Market 5.4 Value Chain Analysis 5.5 Ecosystem 5.6 Patent Analysis 5.7 Technology Analysis 5.8 COVID-19 Market Outlook for 5G Enterprises 5.9 Porter's Five Forces Analysis 5.10 Pricing Analysis 5.11 Trade Analysis 5.12 Tariff and Regulatory Landscape
6 Industry Trends in 5G Enterprise Market 6.1 Private 5G Network Industry Trends 6.1.1 Industry Trends 6.1.1.1 Ultra-Reliable Low-Latency Communication (Urllc) 6.1.1.2 Massive Machine-Type Communication (Mmtc) 6.1.1.3 Enhanced Mobile Broadband (Embb) 6.2 Use Cases 6.2.1 Airports 6.2.2 Seaports 6.2.3 Telemedicine 6.2.4 Industry 4.0 6.2.5 Oil & Gas 6.2.6 Mining 6.3 Market Drivers for Private 5G Networks 6.3.1 Private 5G Network Drivers 6.3.1.1 Network Range 6.3.1.2 Network Capacity 6.3.1.3 High Qos 6.3.1.4 Developed Ecosystem 6.3.1.5 Device Support 6.3.1.6 Security 6.3.1.7 Frequency Spectrum 6.4 Spectrum Opportunity 6.4.1 North America 6.4.2 Europe 6.4.3 APAC 6.4.4 Rest of the World 6.5 Investments 6.6 Private Network Deployment Models 6.7 3Gpp Initiatives Supporting Private 5G Networks for IIot
7 5G Enterprise Market, by Network Type 7.1 Introduction 7.2 Hybrid Network 7.2.1 Hybrid Model Supports Public and Private Networks Provided by Communication Service Providers 7.3 Private Network 7.3.1 Private Network to Exhibit Higher CAGR in 5G Enterprise Market During Forecast Period 7.3.2 Enterprise Network 7.3.2.1 Enterprises are Undergoing Digital Transformation Across Different Verticals, Thereby Creating Need for Dedicated Connected Networks 7.3.3 Communication Service Provider Network 7.3.3.1 Csps Worldwide are Developing 5G Sa Network to Provide High-Speed Connectivity to Consumers
8 5G Enterprise Market, by Operator Model 8.1 Introduction 8.2 Communication Service Providers 8.2.1 Telecommunications Industry Stands on Brink of a Pivotal New Era of Connectivity 8.3 Private Enterprises 8.3.1 Private Networks Utilize Network Isolation, Data Protection, and Device/User Authentication to Protect Key Assets
9 5G Enterprise Market, by Infrastructure 9.1 Introduction 9.2 Access Equipment 9.2.1 Small Cells 9.2.1.1 Network Operators Deploy Small Cells to Provide Faster Data Speeds and More Reliable Services 9.2.2 E-Ran Solutions 9.2.2.1 E-Ran is Advanced Cellular Network Architecture for 5G Enterprises 9.3 Core Network Technology 9.3.1 Software-Defined Networking (Sdn) 9.3.1.1 Sdn is Dynamic and Cost-Effective Technology That Helps Operators to Make Quick Changes in Network According to Business Requirements 9.3.2 Network Functions Virtualization (Nfv) 9.3.2.1 Nfv Assists Network Operators in Implementing Different Network Functions Via Software Solutions
10 5G Enterprise Market, by Spectrum 10.1 Introduction 10.2 Licensed 10.2.1 Licensed Spectrum is Expected to Remain as Core 5G Spectrum Management Approach 10.3 Unlicensed/Shared 10.3.1 Spectrum Sharing and Unlicensed Bands Allow 5G Operators to Improve User Experience
11 5G Enterprise Market, by Frequency Band 11.1 Introduction 11.2 Sub-6 Ghz 11.2.1 Sub-6 Ghz Offers Amalgamation of Coverage and Capacity Benefits 11.3 Mmwave 11.3.1 Millimeter Wave Frequency Band Ranges from 30 to 300 Ghz
12 5G Enterprise Market, by Organization Size 12.1 Introduction 12.2 Small and Medium-Sized Enterprises 12.2.1 Small and Medium-Sized Enterprises Adopt 5G Enterprise Network to Reduce Capex 12.3 Large Enterprises 12.3.1 Large Enterprises Require Wireless, Affordable, and Swift 5G Enterprise Network Solutions
13 5G Enterprise Market, by Application 13.1 Introduction 13.1.1 Mobile Robots or Automated Guided Vehicles 13.1.1.1 5G-Enabled AGVs Ensure Industrial Connectivity and Optimize Manufacturing Process 13.1.2 Video Analytics 13.1.2.1 5G Plays Crucial Role in Making Cities Smarter and More Secure Through Video Analytics Technique 13.1.3 AR/VR 13.1.3.1 5G Mobile Networks Can Accelerate Adoption of AR/VR 13.1.4 Drones 13.1.4.1 Drones with 5G Connectivity Play Pivotal Role in Remote Manufacturing, Industrial Application and Control, and Smart Agriculture Applications 13.1.5 Communication 13.1.5.1 5G Network is Designed to Connect Everything Virtually Together 13.1.6 Others
14 5G Enterprise Market, by Vertical 14.1 Introduction 14.2 Bfsi 14.2.1 Bfsi Enterprises Require Reliable Network Infrastructure for Handling Numerous Calls and Voluminous Data 14.3 Manufacturing 14.3.1 High-Speed Data Transfer and Low Latency Make 5G Preferred Choice for Machine-Type Communication (Mtc) 14.4 Energy & Utilities 14.4.1 5G Can Empower Utilities to Support the Digitization of Several Utility-Driven Fieldworks 14.5 Retail 14.5.1 Retail Industry to Adopt Next Level of Automation in Warehouse Management and Related Services 14.6 Healthcare 14.6.1 5G Network Infrastructure Facilitates Hd Video Calls and Images for Healthcare Applications 14.7 Government and Public Safety 14.7.1 5G Connectivity Will Provide Faster and More Robust Network NECessary for Surveillance Systems 14.8 Transportation and Logistics 14.8.1 Broadband Connectivity is Likely to Become Operational Requirement in Near Future 14.9 Aerospace & Defense 14.9.1 5G Can Offer High Data Transfer Speeds, Reliable and High-Speed Connectivity to Aerospace &Defense Vertical 14.10 Media & Entertainment 14.10.1 Ott Platforms Would Adopt 5G Technology to Enable Users to Watch More Content, at Higher Quality and Without Buffering 14.11 Office Buildings 14.11.1 5G Has Potential to Bring Ultra-Smart Office Buildings in Reality
15 Geographic Analysis 15.1 Introduction 15.2 North America 15.3 Europe 15.4 APAC 15.5 Row
16 Competitive Landscape 16.1 Introduction 16.2 Market Evaluation Framework 16.2.1 Product Portfolio 16.2.2 Regional Focus 16.2.3 Manufacturing Footprint 16.2.4 Organic/Inorganic Growth Strategies 16.3 Revenue Analysis of Top Five Players 16.4 Market Share Analysis, 2019 16.5 Ranking Analysis of Key Players in 5G Enterprise Market 16.6 Company Evaluation Quadrant 16.6.1 5G Enterprise Market 16.6.1.1 Star 16.6.1.2 Emerging Leader 16.6.1.3 Pervasive 16.6.1.4 Participant 16.7 Startup/SME Evaluation Matrix 16.7.1 Progressive Companies 16.7.2 Responsive Companies 16.7.3 Dynamic Companies 16.7.4 Starting Blocks 16.8 Competitive Scenario 16.9 Competitive Situations and Trends 16.9.1 Product Launches 16.9.2 Partnerships 16.9.3 Expansions 16.9.4 Deals
17 Company Profiles 17.1 Key Players 17.1.1 Huawei Technologies 17.1.1.1 Business Overview 17.1.1.2 Products/Services/Solutions Offered 17.1.1.3 Recent Developments 17.1.1.4 Analyst's View 17.1.1.4.1 Key Strengths/Right to Win 17.1.1.4.2 Strategic Choices Made 17.1.1.4.3 Weaknesses and Competitive Threats 17.1.2 Ericsson 17.1.3 Nokia Networks 17.1.4 Samsung 17.1.5 ZTE 17.1.6 NEC 17.1.7 Oracle 17.1.8 Cisco 17.1.9 Ciena 17.1.10 Juniper Networks 17.1.11 Hewlett Packard Enterprise 17.1.12 Affirmed Networks (Microsoft) 17.1.13 Mavenir 17.1.14 Celona 17.1.15 Airspan Networks 17.2 Other Key Players 17.2.1 Commscope 17.2.2 Vmware 17.2.3 Extreme Networks 17.2.4 Comba Telecom Systems 17.2.5 American Tower 17.2.6 Fujitsu 17.2.7 Verizon Communications 17.2.8 At&T 17.2.9 Sk Telecom 17.2.10 T-Mobile
18 Appendix
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