Press release
North America 5G Enterprise Market is Projected to Account Significant Industry Share By 2025
5G Enterprise Market
APAC 5G enterprise market is expected to show rapid growth over the forecast period due to the adoption of new wireless technologies across various sectors and increasing initiatives by organizations to conduct 5G trials. For instance, in February 2019, Samsung entered into an agreement with Fastweb to conduct a trial for first 5G Fixed Wireless Access (FWA) on the commercial spectrum. Companies are taking initiatives to demonstrate 5G FWA networks to deliver ultra-broadband connectivity & gigabit experience to end users. Players operating in the APAC region are providing solutions to global customers to expand their geographic presence.
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The technology assists enterprises in reducing latency and providing a single platform for handling multiple users at the same time to simplify the workflow. The 5G technology also has a positive impact on the development of technologies, such as virtualization, blockchain, and Artificial Intelligence (AI), that are already adopted by organizations. It assists organizations in enhancing their several applications such as live streaming, connected vehicles, industrial automation, immersive gaming, smart homes & buildings, and augmented & virtual reality. The inclination of large enterprises toward the deployment of 5G enterprise networks to monitor & regulate their huge and complicated network infrastructures across assorted business divisions will drive the 5G enterprise market growth.
5G Enterprise Market By Core Network Technology, 2014-2025 (USD Million)
• Software-Defined Networking (SDN)
• Network Functions Virtualization (NFV)
5G Enterprise Market By Organization Type, 2014-2025 (USD Million)
• Small and Medium Enterprises (SMEs)
• Large Enterprises
5G Enterprise Market By End-user 2014-2025 (USD Million)
• Automotive
• Healthcare
• BFSI
• Retail
• Government
• Transportation & Logistics
• IT and Telecommunications
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The companies operating in the 5G enterprise market are involved in making partnerships & collaboration to enhance their services offering. For instance, in November 2018, Huawei Technologies Co., Ltd. signed a joint innovation Memorandum of Understanding (MoU) with Telkomsel to enhance its flexible package services, user experience assurance, & enterprise mobile broadband (MBB) services. This joint innovation provides competitive mobile broadband (MBB) services and optimizes enterprises experience.
The players are also involved in new product developments, enhancing the quality of existing products to hold their position in the market. For instance, in November 2018, Nokia launched an upgraded version of Cloudband Infrastructure software to deliver secure and unified virtual infrastructure management, providing secure 5G cloud deployment. Some of the prominent players operating in the 5G enterprise market include Affirmed Networks, AT&T Intellectual Property, Ciena Corporation, Cisco Systems, CommScope, Cradlepoint, Inc., FUJITSU, Hewlett-Packard Enterprise Development LP, Huawei Technologies Co. Ltd.
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