Toward the end of 2028, the global 5G enterprise market will rise high as the worldwide 5G mobile subscriptions are estimated to exceed the valuation of US$5 Bn in 2028.
Market Analysis in Brief
The generation next of mobile phones holds the promise to uncover an all new world of ultra-high speed, and low latency wireless connectivity. The 5G wireless network, or 5G enterprise, is an improved 4G wireless network. Low latency, and fast Internet speed are the strongest growth drivers for 5G enterprise market. It provides more than 1Gbps of network performance, i.e., tenfold faster than the 4G network offers. With the help of the 5G enterprise technology, businesses will be able to access a variety of services and build up their own private wireless platforms with a wide range of operational capabilities. The first thing many market players think about concerning 5G is its significant upgrade from 4G/LTE, both in terms of the raw speed, and because of some new capabilities such as network slicing. This allows operators to create a virtual network tailored specifically to meet the requirements of individual customers or use cases. This primarily drives the 5G enterprise industry.
Key Report Findings
- Global 5G mobile subscriptions will reportedly surpass reach US$5 Bn by 2028 end
- North America, especially the US, leads its way in 5G enterprise industry
- Asia Pacific develops a strong breeding ground for rapid 5G deployments
- Preference for Wi-Fi communication technology as a default connection will challenge market expansion to a large extent
Growth Drivers
5G Enterprise to Enable Dozens of Born-Digital Operations
Many of the most successful born-digital enterprises are aggregators - they offer a platform that attracts users for its convenience and then sells that user data in bulk to third parties. It's certainly not just Amazon that uses this model, but rather something that has become pervasive across digital technology, giving rise to companies like Facebook, Google, Tencent, or Alibaba. Such platforms typically use their data assets as the key competitive advantage allowing them to dominate markets. As 5G rolls out it will take these tactics up yet another level thanks to new capabilities like network slicing and the sheer volume of data that will be accessible from mobile devices.
The benefit of being born-digital is that these new operations can leapfrog older technology as soon as they launch, allowing them to become dominant players quickly before potential rivals can even enter the market. But while this is an advantage, it also means these companies are somewhat beholden to whatever legacy infrastructure exists - and in many cases there isn't a good substitute for a nationwide wireless network with ultrafast speeds and low latency. That's why all eyes are on 5G, not just because it promises improved performance compared to 4G but also because it offers a platform for development which should open opportunities across other industries too.
Growth Challenges
Patchy Coverage
5G is fundamentally different from all the previous generations because it is specifically designed to complement the new wave of technologies. 5G enterprise presents an opportunity to push the connectivity services forward. However, the challenge prevails in form of the patchy coverage. It is thus not be underestimated how difficult this might be because companies will also face pressure from consumers to ensure that services are affordable – something which has been a struggle even with existing levels of access.
Ubiquity of Wi-Fi Connectivity
Preference for Wi-Fi connectivity as a default connection technology across both the residential, as well as organizational userbases has been influencing the pace of 5G enterprise industry. While Wi-Fi networks continue to spread wider even across the developing, and emerging economies across the globe, the continued lack of authority when it comes to regulating the corporate network is likely to remain a longstanding challenge facing 5G enterprise market.
Growth Opportunities
5G is the next big thing in cellular technology, promising a broad range of new capabilities including high speeds at gigabit per second levels with very low latency. This will enable all sorts of new business models as well as improve some existing ones – think remote robotic surgery or augmented reality heads-up displays importing real-time video feeds from 100km away. The global 5G enterprise market is thus likely to gain largely from this potential scenario. While the opportunity for businesses that exists in the 5G enterprise market is easy to see, the success entirely depends on a smart strategy, and meticulous planning.
Key Challenge and Opportunity
Various business cases make sense once it is considered where connectivity is heading. These include using mobile networks to track deliveries, monitor industrial equipment, or offer high-speed streaming when users are on the move. But beyond this, there are opportunities too around brand-new applications like augmented reality (AR), and virtual reality (VR) which require extremely low latency and high throughput to work effectively.
However, it will take some time before these use cases become mainstream because there are still several obstacles to overcome. For example, most smartphones today support 4G but only the newest devices offer 5G capabilities and even then, there are issues around compatibility between different networks. And although 5G is designed to merge fixed and mobile broadband, this isn't an easy transition for consumers who may find themselves with higher bills as operators charge more for "premium" products that deliver exceptional levels of performance.
Although it is tempting to be optimistic about what the arrival of 5G could mean, there are still plenty of question marks over how quickly it can close existing gaps in coverage - particularly in rural areas where internet access has already proven difficult for both mobile and fixed operators. But at the same time, there's a growing sense of urgency because if 5G can't deliver on its promises, it could undermine much-hyped trends around IoT and the use of new technologies in fields like education.
Network Slicing May Favor Business Expansion
Network slicing enables developers to create networks that are tailored for specific applications with different needs for low latency, throughput, and reliability. For example, an augmented reality application would have very stringent requirements for latency but could cope with lower throughput compared to software downloading or video streaming scenario. A network slice would allow all these cases to co-exist on the same infrastructure reducing congestion through traffic management. Network slicing enables operators to create arenas in which users can compete while still maintaining network resources. This, in turn, will allow them to provide differentiated services for different market segments while avoiding the need to invest in costly upgrades of existing infrastructures.
Researchers at KTH have developed a demonstrator that allows the use of network slicing for 4G LTE-Advanced with shared heterogeneous access links. The experimental demonstrations show that QoS levels can be dynamically shared among individual resources within the network. A key advantage is that it does not require changes to existing networks but rather is implemented using traffic steering at eNodeB base stations.
Overview of Key Segments
Large Organizations Lead in Adoption
Based on the size of organization, large-scale organizations currently lead their way with the maximum 5G deployments. The preliminary research attributes this to higher investments by larger companies into 5G networks as these organizations have requisites of high-speed Internet.
Sub-6Ghz Frequency Most Preferred
Frequency-wise analysis of the 5G enterprise market shows dominance of the sub-6Ghz segment as it gains stronger ground among companies. With more organizations seeking wider coverage area, and improved network connectivity across closed spaces, the sub-6Ghz frequency will remain the most sought-after.
Growth Opportunities Across Regions
North America Spearheads 5G Enterprise Expansion
North America dominated the 5G enterprise market in 2020 and is expected to continue this trend during the forecast period. The growth is attributed to high penetration of 5G network and rise in use of AI, and the connected technology in the region. Moreover, surge in need of next-generation network qualities, and increase in need of high-speed Internet for business due to shift of business toward digitization and availability of deployment of unlicensed and shared spectrum in 5G enterprise.
On the other hand, consistently improving economic growth of developing nations is likely to drive the 5G enterprise market of Asia Pacific. The market here will also benefit largely from the rampant developments in the telecom sector that offer an impetus to 5G deployments. China, Japan, and India mark some of the top potential 5G enterprise markets.
Key Players in 5G Enterprise Market
Nokia Networks, Ericsson, Huawei, ZTE, and Samsung are the top industry players in global 5G enterprise market space. The report would also cover the other significant brands like Cisco System Inc., Telefonaktiebolaget LM, and NEC Corporation under the competitive analysis section.
Regional Classification of Global 5G Enterprise Market Can be Given as Below:
North America
- U.S.
- Canada
Europe
- Germany
- France
- Spain
- U.K.
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Executive Summary
1.1. Global 5G Enterprise Market: Snapshot
1.2. Future Projections, 2023 - 2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights
2. Market Overview
2.1. Market Definitions and Segmentation
2.2. Market Dynamics
2.2.1. Driver
2.2.2. Restraint
2.2.3. Industry Challenges & Opportunities
2.3. Market Forces Analysis
2.3.1. Value Chain Analysis
2.3.2. Porters Five Forces Analysis
2.4. Challenges and Solutions
2.5. Supply Chain Impact Analysis
2.6. COVID-19 Impact Analysis
2.6.1. Pre and Post Covid-19 Analysis
2.7. Regulatory Scenario
2.8. Economic Analysis
3. Global 5G Enterprise Market Outlook, 2019 - 2030
3.1. Global 5G Enterprise Market Outlook, by Network, Value (US$ Mn), 2019 - 2030
3.1.1. Key Highlights
3.1.1.1. Communication service provider
3.1.1.2. Private
3.1.1.3. Enterprises
3.1.1.4. Hybrid
3.1.2. Market Attractiveness Analysis
3.2. Global 5G Enterprise Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
3.2.1. Key Highlights
3.2.1.1. Network Functions Virtualization (NFV)
3.2.1.2. Software-Defined Networking (SDN)
3.2.2. Market Attractiveness Analysis
3.3. Global 5G Enterprise Market Outlook, by Access Equipment, Value (US$ Mn), 2019 - 2030
3.3.1. Key Highlights
3.3.1.1. Service Node (E-Ran)
3.3.1.2. Radio Node
3.3.1.3. DAS
3.3.2. Market Attractiveness Analysis
3.4. Global 5G Enterprise Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
3.4.1. Key Highlights
3.4.1.1. Manufacturing
3.4.1.2. Energy & Utilities
3.4.1.3. Retail
3.4.1.4. Healthcare
3.4.1.5. Banking and Financial Services
3.4.1.6. Government and Public safety
3.4.1.7. Transportation and Logistics
3.4.1.8. Aerospace & Defense
3.4.1.9. Media & Entertainment
3.4.1.10. Office Buildings
3.4.1.11. Misc. (Including Agriculture, etc.)
3.4.2. Market Attractiveness Analysis
3.5. Global 5G Enterprise Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
3.5.1. Key Highlights
3.5.1.1. North America
3.5.1.2. Europe
3.5.1.3. Asia Pacific
3.5.1.4. Latin America
3.5.1.5. Middle East & Africa
3.5.2. Market Attractiveness Analysis
4. North America 5G Enterprise Market Outlook, 2019 - 2030
4.1. North America 5G Enterprise Market Outlook, by Network, Value (US$ Mn), 2019 - 2030
4.1.1. Key Highlights
4.1.1.1. Cloud
4.1.1.2. Professional
4.1.1.3. Integration
4.2. North America 5G Enterprise Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
4.2.1. Key Highlights
4.2.1.1. Network Functions Virtualization (NFV)
4.2.1.2. Software-Defined Networking (SDN)
4.3. North America 5G Enterprise Market Outlook, by Access Equipment, Value (US$ Mn), 2019 - 2030
4.3.1. Key Highlights
4.3.1.1. Service Node (E-Ran)
4.3.1.2. Radio Node
4.3.1.3. DAS
4.4. North America 5G Enterprise Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
4.4.1. Key Highlights
4.4.1.1. Manufacturing
4.4.1.2. Energy & Utilities
4.4.1.3. Retail
4.4.1.4. Healthcare
4.4.1.5. Banking and Financial Services
4.4.1.6. Government and Public safety
4.4.1.7. Transportation and Logistics
4.4.1.8. Aerospace & Defense
4.4.1.9. Media & Entertainment
4.4.1.10. Office Buildings
4.4.1.11. Misc. (Including Agriculture, etc.)
4.5. North America 5G Enterprise Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
4.5.1. Key Highlights
4.5.1.1. U.S.
4.5.1.2. Canada
5. Europe 5G Enterprise Market Outlook, 2019 - 2030
5.1. Europe 5G Enterprise Market Outlook, by Services, Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Communication service provider
5.1.1.2. Private
5.1.1.3. Enterprises
5.1.1.4. Hybrid
5.2. Europe 5G Enterprise Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Network Functions Virtualization (NFV)
5.2.1.2. Software-Defined Networking (SDN)
5.3. Europe 5G Enterprise Market Outlook, by Access Equipment, Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. Service Node (E-Ran)
5.3.1.2. Radio Node
5.3.1.3. DAS
5.4. Europe 5G Enterprise Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
5.4.1. Key Highlights
5.4.1.1. Manufacturing
5.4.1.2. Energy & Utilities
5.4.1.3. Retail
5.4.1.4. Healthcare
5.4.1.5. Banking and Financial Services
5.4.1.6. Government and Public safety
5.4.1.7. Transportation and Logistics
5.4.1.8. Aerospace & Defense
5.4.1.9. Media & Entertainment
5.4.1.10. Office Buildings
5.4.1.11. Misc. (Including Agriculture, etc.)
5.5. Europe 5G Enterprise Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
5.5.1. Key Highlights
5.5.1.1. Germany
5.5.1.2. France
5.5.1.3. U.K.
5.5.1.4. Norway
5.5.1.5. Turkey
5.5.1.6. Russia
5.5.1.7. Rest of Europe
5.5.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific 5G Enterprise Market Outlook, 2019 - 2030
6.1. Asia Pacific 5G Enterprise Market Outlook, by Services, Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Communication service provider
6.1.1.2. Private
6.1.1.3. Enterprises
6.1.1.4. Hybrid
6.2. Asia Pacific 5G Enterprise Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Network Functions Virtualization (NFV)
6.2.1.2. Software-Defined Networking (SDN)
6.3. Asia Pacific 5G Enterprise Market Outlook, by Access Equipment, Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. Service Node (E-Ran)
6.3.1.2. Radio Node
6.3.1.3. DAS
6.4. Asia Pacific 5G Enterprise Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
6.4.1. Key Highlights
6.4.1.1. Manufacturing
6.4.1.2. Energy & Utilities
6.4.1.3. Retail
6.4.1.4. Healthcare
6.4.1.5. Banking and Financial Services
6.4.1.6. Government and Public safety
6.4.1.7. Transportation and Logistics
6.4.1.8. Aerospace & Defense
6.4.1.9. Media & Entertainment
6.4.1.10. Office Buildings
6.4.1.11. Misc. (Including Agriculture, etc.)
6.5. Asia Pacific 5G Enterprise Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
6.5.1. Key Highlights
6.5.1.1. China
6.5.1.2. Japan
6.5.1.3. South Korea
6.5.1.4. India
6.5.1.5. Singapore
6.5.1.6. Rest of Asia Pacific
6.5.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America 5G Enterprise Market Outlook, 2019 - 2030
7.1. Latin America 5G Enterprise Market Outlook, by Services, Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Communication service provider
7.1.1.2. Private
7.1.1.3. Enterprises
7.1.1.4. Hybrid
7.2. Latin America 5G Enterprise Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Network Functions Virtualization (NFV)
7.2.1.2. Software-Defined Networking (SDN)
7.3. Latin America 5G Enterprise Market Outlook, by Access Equipment, Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. Service Node (E-Ran)
7.3.1.2. Radio Node
7.3.1.3. DAS
7.4. Latin America 5G Enterprise Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
7.4.1. Key Highlights
7.4.1.1. Manufacturing
7.4.1.2. Energy & Utilities
7.4.1.3. Retail
7.4.1.4. Healthcare
7.4.1.5. Banking and Financial Services
7.4.1.6. Government and Public safety
7.4.1.7. Transportation and Logistics
7.4.1.8. Aerospace & Defense
7.4.1.9. Media & Entertainment
7.4.1.10. Office Buildings
7.4.1.11. Misc. (Including Agriculture, etc.)
7.5. Latin America 5G Enterprise Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
7.5.1. Key Highlights
7.5.1.1. Brazil
7.5.1.2. Mexico
7.5.1.3. Rest of Latin America
7.5.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa 5G Enterprise Market Outlook, 2019 - 2030
8.1. Middle East & Africa 5G Enterprise Market Outlook, by Services, Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Communication service provider
8.1.1.2. Private
8.1.1.3. Enterprises
8.1.1.4. Hybrid
8.2. Middle East & Africa 5G Enterprise Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Network Functions Virtualization (NFV)
8.2.1.2. Software-Defined Networking (SDN)
8.3. Middle East & Africa 5G Enterprise Market Outlook, by Access Equipment, Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. Service Node (E-Ran)
8.3.1.2. Radio Node
8.3.1.3. DAS
8.4. Middle East & Africa 5G Enterprise Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
8.4.1. Key Highlights
8.4.1.1. Manufacturing
8.4.1.2. Energy & Utilities
8.4.1.3. Retail
8.4.1.4. Healthcare
8.4.1.5. Banking and Financial Services
8.4.1.6. Government and Public safety
8.4.1.7. Transportation and Logistics
8.4.1.8. Aerospace & Defense
8.4.1.9. Media & Entertainment
8.4.1.10. Office Buildings
8.4.1.11. Misc. (Including Agriculture, etc.)
8.5. Middle East & Africa 5G Enterprise Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
8.5.1. Key Highlights
8.5.1.1. GCC
8.5.1.2. South Africa
8.5.1.3. Rest of Middle East & Africa
8.5.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Market Share Analysis, 2022
9.2. Competition Matrix (By Tier and Size of companies)
9.3. Strategic Collaborations
9.3.1. Joint Ventures
9.3.2. Mergers & Acquisitions
9.4. Company Profiles
9.4.1. Huawei
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
9.4.2. Ericsson
9.4.3. Nokia Networks
9.4.4. Samsung
9.4.5. ZTE
9.4.6. AWS
9.4.7. AT&T
9.4.8. Geoverse
9.4.9. T-Mobile
9.4.10. Hewlett Packard Enterprise
9.4.11. Cisco
9.4.12. NEC Corporation
10. Appendix
10.1. Acronyms and Abbreviations
10.2. Research Scope & Assumptions
10.3. Research Methodology and Information Sources
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2022 |
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2018 - 2022 |
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2023 - 2030 |
Value: US$ Million |
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Network Coverage |
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Technology Coverage |
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Access Equipment Coverage |
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End-user Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Network-, Technology-,Access Equipment-, End-user-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends |
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