5G Enterprise Market Expanding at Highest CAGR By 2029 :Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Nokia, SAMSUNG, ZTE Corporation, NEC Corporation, Cisco Systems, Inc., Ciena Corporation

5G Enterprise Market is expected to rise by registering a steady CAGR of 55.32% from USD 2.30 billion in 2020 to USD 121.00 billion in the forecast period of 2020-2029. The major factor involved as a driver of this market is various industries are working along with single network, the unified 5G enterprise network is likely to lift industrial application development along with cross industry connection and growing importance of software implementation is also expected to rise the 5 G Enterprise market.

Few of the major competitors currently working in global 5G enterprise market are Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Nokia, SAMSUNG, ZTE Corporation, NEC Corporation, Cisco Systems, Inc., Ciena Corporation, Juniper Networks, Inc., Mavenir, Affirmed Networks, Airspan, CommScope, Inc., VMware, Inc, Extreme Networks, Comba Telecom Systems Holdings Ltd, ATC IP LLC, FUJITSU, Verizon, AT&T Intellectual Property, SK TELECOM CO., LTD, T-Mobile USA, INC, Hewlett Packard Enterprise Development LP, KT corp. and China Mobile Limited among many others.

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The technology also provides greater bandwidth for new commercial IoT applications, increasing the reliability and density of Internet bandwidth. This technology simplifies the workflow by providing a single platform for businesses to reduce latency and work with multiple users simultaneously. 5G technology has a positive impact on the development of technologies such as virtualization, blockchain and artificial intelligence (AI) already adopted by organizations. This allows organizations to improve many applications such as streaming, connected vehicles, industrial automation, exciting games, smart homes and buildings, augmented and virtual reality. In the direction of building 5G enterprise networks, the improvement towards large enterprises to monitor and regulate huge and complex network infrastructure in various business units will stimulate the growth of 5G enterprise market.

5G Enterprise Market Definition:

Fifth generation in short 5G is a term used for specific advanced form of wireless systems, which utilizes higher range of frequency band to allow data to be transferred instantly in comparison to other lower band like 4G, 3G, etc. This advanced form will bring fast speed with new technologies such as edge to edge capabilities with whole new experience to expand the business.

5G Enterprise Market Drivers:

Growing scenario of software implementation in communication network is driving the market.
The single use of network to connect various industry also act as a driver of this market.
Rise in demand of high speed and improved network coverage also drives this market.
The unified form of enterprise network to boost cross industry connection along with industrial application development.

5G Enterprise Market Restraints:

The growth of Wi-Fi connectivity with De-Facto Connectivity technology between companies thwart the market growth.
Shortages of authorities which are managing and owning corporate network hampers the growth.

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Competitive Analysis and 5G Enterprise Market Share Analysis:

Global 5G Enterprise Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of 5G Enterprise Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Country Level Analysis of 5G Enterprise Market

On the basis of region, the 5G enterprise market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.

Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.

North America is one of the most technologically advanced regions in the world. The need for 5G business groups for fast data transfer and simultaneous access to multiple devices will stimulate the 5G business market in North America. The 5G market at Asia-Pacific is expected to grow at a maximum CAGR from 2020 to 2029. The growth of the 5G market at Asia-Pacific is explained by the introduction of new technologies and performance by organizations. Works in different fields. The area has become a hub for large investments and trade expansion opportunities.

5G Enterprise Market Scope and Market Size

5G Enterprise Market has been segmented on the basis of access equipment, core network technology, services, organization size and end user.

On the basis of access equipment, the 5G enterprise market is segmented into radio node, service node and DAS.

On the basis of core network technology, the 5G enterprise market is segmented into software-defined networking (SDN) and network functions virtualization (NFV).

Based on services segment, the 5G enterprise market is classified into platform and software.

5G Enterprise Market is also categorised in organization size segments into small and medium enterprises and large enterprises.

The 5G enterprise market is classified in end user segments into 10 notable categories: BFSI, media and entertainment, retail and ecommerce, healthcare and life sciences, government and defense, transportation and logistics, manufacturing, agriculture, it and telecommunications and others.

The BFSI industry is always at the forefront of using technology to provide the best financial services to its customers. The low latency, high bandwidth and reliability of 5G networks in the future will help create a new service delivery platform.

Key Developments in the Market:

In August 2019, Qualcomm Technologies, Inc. announces the launch of its Qualcomm Networking Pro Series, a second-generation Wi-Fi 6 network product designed to provide the best Wi-Fi 6 experience in a wide range of applications.
In July 2019, Cisco and Acacia Communications announced that they have signed a final agreement where Cisco agreed to buy Acacia. Acacia, an existing Cisco vendor, designs and manufactures high-speed optical interconnect technologies that enable large companies, service providers, and data center operators to meet growing consumer data needs.

5G Enterprise Market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated and global presence. 5G Enterprise Market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.

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Key Insights in the 5G Enterprise Market report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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Mr. A Naidu

Research for Markets

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Email: alan.naidu@researchformarkets.com

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