Outlook on the 5G in Industry Verticals Global Market to 2027 - Featuring AT&T, Airtel, China Mobile and KT Among Others

DUBLIN, July 6, 2022 /PRNewswire/ -- The '5G in Industry Verticals by Application Category, Device Type, Services and Solutions 2022 - 2027' report has been added to ResearchAndMarkets.com's offering.

 

This report assesses development and deployment trends for 5G core technology along with enabling technologies. It also addresses the specific role of value chain partners and high potential application areas across major industry verticals. Under each industry vertical, the report pinpoints specific trends, use cases, devices and applications. The report analyzes case studies and ROI from an enterprise perspective.

Select Report Findings:

• Total global 5G enterprise subscriptions will reach 2.58 billion by 2027
• The overall 5G in industry verticals market will reach $288.7 billion by 2027
• Leading verticals include manufacturing, healthcare, transportation and logistics
• 5G based clinical operations and workflow management will become a $89.7 million market by 2027
• 5G based incident management and related communications will become a $53.1 million market by 2027

The business market for 5G will be a major growth area. 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. 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.

One of the primary 5G B2B market opportunities will be fixed wireless access (FWA) to enterprise and industrial customers as a complement (not a replacement) to cable, fiber and Ethernet. For certain situations, such as time sensitive networks that require ultra-reliability, 5G will be an alternative to other wireless options. However, WiFi 6 will be a viable option vs. 5G for indoor, driven by scenario specific issues such as existing wireless, solution requirements, and overall economics.

The 5G business services market will also be very important in support of private wireless networks for both fixed wireless WAN connectivity for business-owned networks as well as carrier turn-key solutions involving both 5G and edge computing deployments. Communication service providers will position turn-key offerings as a "future-proof" alternative to enterprise and industrial customer network ownership. Part of this turn-key value proposition is carrier managed services as opposed to the business customer managing in-house and/or hiring a third party for network and/or application management.

However, some business and government customers will indeed choose to deploy and operate their own private wireless networks, relying upon carriers in these scenarios only for network-as-a-service based WAN access to connect private wireless networks to the public network.

For these use cases, enterprise and industrial customers will not require any other 5G business services market offerings. Instead, they will only require connectivity and communications with the public communications service provider (e.g., no computing) and may utilize their own computational infrastructure. In these scenarios, the enterprise or industrial customer will manage their own edge computing dependent apps, or more likely, hire their own third-party team to manage on their behalf.

Key Topics Covered:

1.0 Executive Summary

2.0 Introduction
2.1 5G Technology and Spectrum Overview
2.2 5G Timeline and Device Inclusion
2.3 5G Data vs. Service Revenue Analysis
2.4 Market Driver Analysis
2.4.1 Ultra-Low Latency Connectivity
2.4.2 Massive Growth of Connected IoT Devices and Data Traffic
2.4.3 Critical Communications and Public Safety Applications
2.4.4 5G in Smart City Initiatives
2.4.5 G in Private Wireless Networks and CBRS

For more information about this report visit https://www.researchandmarkets.com/r/65z6an

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SOURCE Research and Markets

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