Global 5G Business Services Market Report 2019-2024: Opportunities in 5G Support of Private Wireless Networks, WAN Connectivity, and Fixed Wireless Access for Business
DUBLIN, Nov. 4, 2019 /PRNewswire/ -- The "5G Business Services Market by Enterprise, Industrial, and Government Segment Applications, Services, and Solutions 2019-2024" report has been added to ResearchAndMarkets.com's offering.
This report evaluates the 5G B2B market solutions for enterprise, industrial, and government users. It addresses specific opportunities such as 5G support of private wireless networks, WAN connectivity, and fixed wireless access for business.
The vast majority of 5G service provider profits will result from the business market rather than the consumer segment. The latter will generate additional revenues, but margins will be very thin as compared to business segments including enterprise, industrial, and government sectors. Accordingly, the business to business (B2B) market is viewed as significantly more attractive than the business to consumer (B2C) market for 5G by this publisher. We see the 5G business services market developing as communication service providers offer both B2B direct as well as B2B to business (B2B2B) through third party channels.
Placement of cameras for monitoring activities is a dominant trend globally with eight out of the top ten cities in China. The other two in the top 10 are London and Atlanta. One acute example is Chongqing, which has about 2.6 million surveillance cameras covering roughly 15.4 million people. These cameras are used for more than just security. In fact, studies indicate that surveillance cameras do not have a high correlation to crime reduction. However, cameras are an important part of the social credit market infrastructure necessary to monitor non-criminal activities.
Looking beyond fixed wireless and WAN connectivity in general, it is important to note that 5G supports three distinct service categories as follows:
The eMBB category consists largely of consumer and SMB based applications. This publisher sees this as a top-line revenue opportunity for communication service providers, but will provide very thin margins in terms of profitability. However, other players within the ICT ecosystem will benefit such as OTT service providers offering apps such as cloud gaming. Due to limitations of 5G continuous coverage, end-users will have very low latency and high bandwidth in some areas, but need to handover to LTE at the margins of coverage. In some of these scenarios, communication service providers will largely earn B2B2B revenue from 5G related edge computing-as-a-service in support of OTT player applications.
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