openPR Logo
Press release

Enterprise market size was valued at USD 1,682 Million in 2020, and is projected to reach USD 16,846 Million by 2028, growing at a CAGR of 33.9% from 2021 to 2028 | Valuates Reports.

08-30-2022 08:42 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Enterprise market size was valued at USD 1,682 Million in 2020,

5G Enterprise Market Size

The booming telecom industry with smart infrastructural support will fuel the expansion of the 5G enterprise market. In addition to it advanced technologies such as AI, and IoT will contribute further to the growth.The booming telecom industry with smart infrastructural support will fuel the expansion of the 5G enterprise market. In addition to it advanced technologies such as AI, and IoT will contribute further to the growth.

Get A Sample Report: https://reports.valuates.com/request/sample/ALLI-Manu-0Q56/5G_Enterprise_Market

Moreover, investments in mobile computing solutions and demand for low latency connectivity options will propel the market forward in the coming years. However, huge costs and security issues will hamper the market penetration during the forecast period.

Trends Influencing the Growth of 5G Enterprise Market

Network slicing and mobile usage

Smartphones and connected devices are raising the need for better bandwidth and lower network disruption. The 5G infrastructure depends on network slicing for allocating the data speed as per the requirements of a particular application or customer. This solves the issue of greater spectrum and bandwidth. Network slicing supports 5G connections for a variety of services. Similar service delivery across all verticals has become obsolete. The efficient alignment of resources from one virtual network to another is crucial. This will spur the growth of the 5G enterprise market in the coming years.

Smart infrastructure

Enterprises are adopting next-generation telecom communication services. AI, IoT, and wireless connectivity are becoming essential for gaining a competitive edge and staying relevant. The improvements in performance are vast with faster speeds, enhanced data capacity, low latency, greater device density, and detailed location sensing. The massive influx of data from people to machines will give rise to smart cities, hospitals, campuses, etc. Factories will be able to rearrange their equipment in real-time and produce critical resources at the most precise moment. These factors will drive the growth of the 5G enterprise market in the future.

Mobile edge computing

The world is moving rapidly towards cloud storage and online operations. Facebook, Twitter, Youtube, Netflix and google maps store their content on the cloud. The reliance on mobile applications for heavy computing, and storage requires transferring to the cloud for better performance and longer battery life. Both personal and business-related tasks would become difficult without bringing the cloud closer to the edge of the network. Hence organizations and mobile operators are scaling up their resources on mobile edge computing for enabling low latency, and high data computation power. This will significantly boost the demand for the 5G enterprise market during the forecasted period.

Cost inefficiency

5G infrastructure has gained momentum but it is still costly to deploy and operate. Moreover, the installation processes are complex leading to data security concerns. Businesses need to adapt and wade through the complicated systems for achieving operational efficiency. The number of cyberattacks will increase with specialized bots, privacy violations, and easy data sharing. These factors will create obstacles to the growth of the 5G enterprise market in the near future.

View Full Report: https://reports.valuates.com/reports/ALLI-Manu-0Q56/5g-enterprise

5G Enterprise Market Share

Based on frequency, the sub-6GHz segment is expected to provide lucrative opportunities for growth in the 5G enterprise market share due to the growing adoption of 5G for a wide coverage area. However, the mmWave 5G technology will grow the fastest due to the ability to provide connectivity to a large number of users in densely populated areas and low data cost.

Based on the spectrum, the licensed segment will witness considerable growth in the 5G enterprise market share due to high-quality connectivity, and security. While the unlicensed segment will grow the fastest due to the rapid spread of unlicensed infrastructure and the ability to operate independently.

Based on organization size, the large-scale organizations will dominate in the 5G enterprise market share owing to huge investments into 5G technology. On the other hand, the small and medium scale enterprises will grow the fastest due to the increasing use of IoT and digitization.

Based on the industry vertical, the manufacturing segment will grow rapidly in the 5G enterprise market share due to the need for high bandwidth and integration of AR/VR into 5G technology.
Based on network type, the private network is expected to grow the highest in the 5G enterprise market share as it reduces dependency on service providers and organizations can customize the network as per their needs.

Based on region, North America is expected to maintain dominance in the 5G enterprise market share due to the growing penetration of smart connected devices and technological developments. While the Asia-Pacific region will grow the fastest owing to economic growth and deployment of 5G technologies by emerging economies.

5G Enterprise Market Segmentation

Based On Frequency

• Sub-6Ghz
• mmWave

Based On Spectrum

• Licensed
• Unlicensed/Shared

Based On Network Type

• Hybrid Networks
• Private Networks
• Enterprise Network
• CSP Network

Based On Organization Size
• Small and medium-sized enterprises
• Large enterprises

By Industry Veritcal

• BFSI
• Healthcare
• Retail & E-commerce
• IT & Telecom
• Manufacturing
• Government and Public Sector
• Energy and Utility
• Media & Entertainment
• Others

By Region

• North America

o U.S.
o Canada

• Europe

o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia-Pacific

o China
o India
o Japan
o South Korea
o Australia
o Rest of Asia-Pacific

• LAMEA

o Latin America
o Middle East
o Africa

Key Players

• AT&T
• Ericsson
• Huawei Technologies co. Ltd.
• Juniper Network,
• NEC corporation
• Nokia Corporation
• Samsung
• SK Telecom,
• Verizon Communications LTD
• ZTE corporation.

Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0Q56/5G_Enterprise_Market

Similar Report :
1. 5G in Gaming Market : https://reports.valuates.com/market-reports/QYRE-Auto-11Y2032/global-5g-in-gaming

2. Thermal Interface Material for 5G Market : https://reports.valuates.com/market-reports/QYRE-Othe-2F456/global-thermal-interface-material-for-5g

3. Training Outsourcing Market : https://reports.valuates.com/market-reports/QYRE-Auto-15Y5915/global-training-outsourcing

4. Information Security Outsourcing Service Market : https://reports.valuates.com/market-reports/QYRE-Auto-13W11662/global-information-security-outsourcing-service

5. 5G in VR Market: https://reports.valuates.com/market-reports/QYRE-Othe-4H424/global-5g-in-vr

Phone:
U.S. (TOLL FREE) : +1 (315) 215-3225
India: +91 8040957137

Email Id:
Please reach us at sales@valuates.com

Address:
Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Enterprise market size was valued at USD 1,682 Million in 2020, and is projected to reach USD 16,846 Million by 2028, growing at a CAGR of 33.9% from 2021 to 2028 | Valuates Reports. here

News-ID: 2719848 • Views: 214

More Releases from Valuates Reports

Connector Market Size Growing At A CAGR of 6.6% | Valuates Reports
The global connector market was valued at USD 62.3 billion in 2020 and is projected to reach USD 114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030. Major Factors Driving The Growth Of the Connector Market are High growth rates in the automotive sector due to the growing use of electric automobiles and other smart technologies, as well as an increase in investment in military and submarine
Surgical Imaging market size is estimated to be worth US$ 1203.4 million in 2022 …
Surgical Imaging market size is estimated to be worth US$ 1203.4 million in 2022 and is forecast to a readjusted size of US$ 1445.3 million by 2028 with a CAGR of 3.1% during the review period. Get sample - https://reports.valuates.com/request/sample/QYRE-Auto-36X6782/Global_Surgical_Imaging_Market_Insights_and_Forecast_to_2028 Surgical Imaging Market Segment By Type ➣Mini C-Arms ➣Mobile C-Arms Surgical Imaging Market Segment By Application ➣Neurosurgery ➣Orthopedic Surgery ➣Pediatric Surgery ➣Gastroenterology Surgery ➣Cardiovascular Surgery ➣Others By Company ➣GE Healthcare ➣Royal Philips ➣Siemens Healthcare ➣Koninklijke ➣Ziehm ➣Toshiba Group ➣Shimadzu ➣Hologic ➣Orthoscan ➣Eurocolumbus ➣Medtronic plc By Region ➣North America ➣U.S. ➣Canada ➣Europe ➣Germany ➣France ➣U.K. ➣Italy ➣Russia ➣Asia-Pacific ➣China ➣Japan ➣South Korea ➣India ➣Australia ➣Taiwan ➣Indonesia ➣Thailand ➣Malaysia ➣Philippines ➣Vietnam ➣Latin America ➣Mexico ➣Brazil ➣Argentina ➣Middle East & Africa ➣Turkey ➣Saudi Arabia ➣UAE Get Detailed
Thermoplastic Polyurethanes (TPU) market was valued at US$ 2315.9 million in 202 …
The global Thermoplastic Polyurethanes (TPU) market was valued at US$ 2315.9 million in 2020 and it is expected to reach US$ 3740.5 million by the end of 2027, growing at a CAGR of 6.0% during 2021-2027. Get Sample Report - https://reports.valuates.com/request/sample/QYRE-Auto-26H6762/Global_Thermoplastic_Polyurethane_TPU_Market_Insights_and_Forecast_to_2028 Thermoplastic polyurethane Thermoplastic polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion. Technically, they are thermoplastic elastomers consisting
The global Healthcare Interoperability Solutions market size is projected to rea …
The global Healthcare Interoperability Solutions market size is projected to reach USD 3440.1 million by 2028, from US$ 1925.7 million in 2021, at a CAGR of 8.2% during 2022-2028. Fully considering the economic change by this health crisis, EHR Interoperability accounting for % of the Healthcare Interoperability Solutions global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. Get PDF

All 5 Releases


More Releases for Enterprise

Enterprise WLAN Market Awareness Overview 2025 | , Hewlett-Packard Enterprise, H …
Global Enterprise WLAN Market: Snapshot The global enterprise WLAN is registering a significant rise in its valuation, thanks to the increasing penetration of Internet across the world. The rapidly rising market for enterprise WLAN technology is anticipated to boost the cloud technology and the Internet of Things (IoT) industries as well, inducing intense competitiveness. Moreover, the continual technological advancements are projected to increase WLAN applications in a number of industry sectors
Enterprise Search Market - Need for Enterprise Workflow Efficiency and Enhanced …
According to a recent market study published by Transparency Market Research (TMR), titled “Enterprise Search Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, the global enterprise search market is expected to reach US$3,993.7 million by 2019, increasing from US$1,777.5 million in 2012 and expanding at a 12.2% CAGR from 2013 to 2019. Enterprise search system makes content from databases, intranets, data management systems, email,
Enterprise NAS
NAS is a storage system that enables file sharing among enterprise users. It is an independent network node in the local area network (LAN) that consists of individual Internet protocol (IP) addresses. File transfer is achieved through an Ethernet connection between users and NAS systems. NAS allows multiple users access to the same file in a network. In an enterprise environment, NAS systems are used for backup, archiving, and disaster recovery
Global Real Estate Software & Apps Market By Application - Small Enterprise, Med …
Researchmoz added Most up-to-date research on "Global Real Estate Software & Apps Market By Application - Small Enterprise, Medium Enterprise & Large Enterprise" to its huge collection of research reports. This report studies the global Real Estate Software & Apps market, analyzes and researches the Real Estate Software & Apps development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players
Enterprise Mobility Market - Generating an Increasing Demand for Enterprise Mobi …
Geographically-spread enterprises are constantly faced with scenarios that require the convergence of a large number of communication channels and inclusion of foreign computing devices in the central network. With a vast rise in mobile devices that need to be integrated with enterprise networks, mostly owing to the increasing trend of policies such as bring-your-own-device and choose-your-own-device, and diversely located workplaces and employees, the need for adopting enterprise mobility solution has
Develop enterprise applications using Packt's new Microsoft Enterprise Library 5 …
Packt is pleased to announce Microsoft Enterprise Library 5.0, a new book that helps programmers to develop enterprise applications using the enterprise library application blocks as well as set up the initial infrastructure configuration of the application blocks using the configuration editor. Written by Sachin Joshi, this book provides an in-depth knowledge about the individual functional Application Blocks as well as enabling reconfiguration of various applications in order to