Press release
5G Enterprise Market Size To Hit US$ 14.57 Billion by 2027, Exhibiting a Growth Rate (CAGR) of 34.30%
5G Enterprise Market
According to IMARC Group's latest report, titled "5G Enterprise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
A Closer Look at the 5G Enterprise Market Size | 2022
The global 5G enterprise market reached a value of US$ 2.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.57 Billion by 2027, exhibiting a CAGR of 34.30% during 2022-2027.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/5g-enterprise-market/requestsample
5G Enterprise Market Insight :
5G is a fifth-generation wireless communication technology for broadband cellular networks that provide a high data rate, low latency, greater bandwidth, high coverage, reliability, and improved quality of service (QoS) at reasonable prices. It delivers the network performance speed of more than 1Gbps, which is ten times faster than the 4G network. It also helps to stream augmented reality, virtual reality (AR/VR) media, and ultra-high-definition (HD) videos. As a result, 5G enterprise solutions find extensive applications across telecommunications, retail, healthcare, banking, financial services, insurance (BFSI), information technology (IT), and manufacturing industries.
5G Enterprise Market Current Trends & Future Predictions :
The market is primarily driven by the sudden outbreak of the coronavirus disease (COVID-19) pandemic. This can be attributed to the increasing work-from-home culture prompting the widespread adoption of 5G enterprise solutions across the globe. In addition, these solutions are widely adopted in the retail industry as they provide retailers with streamlined operations, a reliable network that handles peak-time traffic, and the ease of tracking products, prices, inventory, and customer information, which represent another major growth-inducing factor.
Besides this, the faster connections and decreased latency assist in launching new features in brick-and-mortar establishments, including smart digital displays and digital price tags. Additionally, 5G enterprise solutions are increasingly deployed in the healthcare industry as they permit video-enabled prescription management and remote patient monitoring and provide connected ambulance and HD virtual consultations.
This, coupled with the increasing focus of enterprises on implementing new technologies to enhance service delivery, gain competitive advantage, and reduce costs, is anticipated to propel market growth. Furthermore, the increasing investment in research and development activities conducted by key players to develop new and innovative techniques to provide advanced 5G enterprise solutions is creating a positive market outlook across the globe.
Inquire Before Buying : https://www.imarcgroup.com/request?type=report&id=5435&flag=F
Global 5G Enterprise Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AT&T Inc., Cisco Systems Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Juniper Networks Inc., Nokia Corporation, Oracle Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc. and ZTE Corporation.
The report has segmented the market on the basis of region, frequency, spectrum, network type, organization size and industry vertical.
Breakup by Frequency:
• Sub-6Ghz
• mmWave
Breakup by Spectrum:
• Licensed
• Unlicensed/Shared
Breakup by Network Type:
• Hybrid Networks
• Private Networks
• Enterprise Network
• CSP Network
Breakup by Organization Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by Industry Vertical:
• BFSI
• Healthcare
• Retail and E-Commerce
• IT and Telecom
• Manufacturing
• Government and Public Sector
• Energy and Utility
• Media and Entertainment
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/5g-enterprise-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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