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5G Enterprise Market worth $115.81 billion by 2030, growing at a CAGR of 31.20% - Exclusive Report by 360iResearch
5G Enterprise Market | 360iResearch
The Global 5G Enterprise Market to grow from USD 17.30 billion in 2023 to USD 115.81 billion by 2030, at a CAGR of 31.20%.
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5G Enterprise refers to the application and adaptation of 5G technology within the business sector to enhance operational efficiency, improve business processes, and provide innovative services and customer experiences. It encompasses the deployment of 5G networks and services tailored to the explicit needs of enterprises, ranging from small businesses to large corporations. This next generation of wireless technology offers significantly higher speed, lower latency, and greater capacity compared to its predecessors, enabling a multitude of use cases such as the Internet of Things (IoT), industrial automation, smart buildings, and real-time data analytics within an enterprise environment. The exponential increase in data traffic due to the rise in IoT devices and mobile connectivity is driving the growth of the market. Business requirements for higher bandwidth and lower latency to enable applications such as cloud-based services and augmented reality & virtual reality, increasing deployment of 5G. However, high initial infrastructure investment and operational costs limit the adoption of 5G across enterprises. Security concerns related to data privacy and network vulnerabilities hinder market growth. Furthermore, the development of 5G solutions that cater to the necessities of small and medium-sized enterprises (SMEs) and investment in cybersecurity products and services to protect the 5G network infrastructure pose significant opportunities for 5G expansion.
In the American region, 5G deployment is advancing rapidly, with an emphasis on enhancing enterprise solutions and industrial automation. The consumer needs for high-speed data and the Internet of Things (IoT) drives market growth, while telecommunications giants continue to invest heavily in infrastructure and spectrum. The American region is paralleling this trend, focusing on establishing robust 5G networks to support smart cities and digital health initiatives. Customer purchasing behaviors in these regions gravitate towards reliable and secure network solutions that enable a competitive edge in business operations. The EU is heavily investing in 5G infrastructure to stimulate innovation and economic growth, with consumer needs centered around efficiency and sustainability. Research initiatives by the European governments underline Europe's commitment to leading global technological standards. The Middle East is rapidly adopting 5G to support diversified economic agendas, with significant investments in smart city projects. Africa's 5G market is at an embryonic stage, with adoption driven by a growing demand for mobile Internet access and enterprise solutions. Asia Pacific is a key region in 5G technology, with China at the forefront of deployment, manifesting through extensive commercial use and integration in industrial applications. Consumer demand for 5G services in China is driven by a robust manufacturing sector eager to embrace Industry 4.0 capabilities. Japan is adopting 5G to improve its technological prowess, specifically in robotics and smart city solutions. In India, the market holds significant potential due to a burgeoning young population and increasing smartphone penetration.
Market Segmentation & Coverage:
This research report categorizes the 5G Enterprise Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Equipment, market is studied across Distributed Antenna System, Radio Node, and Service Node. The Radio Node commanded largest market share of 61.88% in 2023, followed by Service Node.
Based on Organization Size, market is studied across Large Enterprises and SMEs. The Large Enterprises commanded largest market share of 88.46% in 2023, followed by SMEs.
Based on End User, market is studied across Agriculture, Automotive, BFSI, Government & Defense, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Retail & Ecommerce, and Transportation & Logistics. The BFSI commanded largest market share of 21.99% in 2023, followed by Media & Entertainment.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.81% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the 5G Enterprise Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the 5G Enterprise Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the 5G Enterprise Market, highlighting leading vendors and their innovative profiles. These include Affirmed Networks, Inc. by Microsoft Corporation, Airspan Networks Holdings Inc., American Tower Corporation, AT&T Inc., Ciena Corporation, Cisco Systems, Inc., Comba Telecom Systems Holdings Limited, CommScope, Inc., Extreme Networks, Inc., FiberHome Telecommunication Technologies Co., Ltd., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Mavenir Systems, Inc., NEC Corporation, Nokia Corporation, Parallel Wireless, Inc., Samsung Electronics Co., Ltd., SK Inc., T-Mobile USA, Inc. by Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., VMware, Inc. by Broadcom Inc., VVDN Technologies, and ZTE Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. 5G Enterprise Market, by Equipment
7. 5G Enterprise Market, by Organization Size
8. 5G Enterprise Market, by End User
9. Americas 5G Enterprise Market
10. Asia-Pacific 5G Enterprise Market
11. Europe, Middle East & Africa 5G Enterprise Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the 5G Enterprise Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the 5G Enterprise Market?
3. What is the competitive strategic window for opportunities in the 5G Enterprise Market?
4. What are the technology trends and regulatory frameworks in the 5G Enterprise Market?
5. What is the market share of the leading vendors in the 5G Enterprise Market?
6. What modes and strategic moves are considered suitable for entering the 5G Enterprise Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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