What Has Been The Evolution of the 5th Generation 5G Enterprise Market in Recent Years?
The 5th generation 5g enterprise market has seen considerable growth due to a variety of factors.
• The market size for the 5th generation (5G) enterprise has seen substantial growth in recent years, with an expected increase from $4.62 billion in 2024 to $6.19 billion in 2025, reflecting a compound annual growth rate (CAGR) of 34.0%.
The historical period's growth can be credited to the increased acceptance of IoT, high demand for improved connectivity, unique industry use cases, development of regulatory standards and support, and advancements in technology.
What Are the Future Growth Projections for the 5th Generation 5G Enterprise Market Size?
The 5th generation 5g enterprise market is expected to maintain its strong growth trajectory in upcoming years.
• The 5G enterprise market's expansion is anticipated to surge substantially in the upcoming years, reaching a value of $19.74 billion in 2029 with a CAGR of 33.6%.
The growth within this period is largely due to the broadening of industry 4.0 initiatives, the rise of edge computing, escalating emphasis on cyber security, the emergence of industry-specific solutions, economic recuperation and digital transformation. Key trends predicted in the forecast period consist of quick uptake of private 5G networks, incorporation of AI and IoT within 5G, the advent of network slicing services, an emphasis on green and sustainable 5G, and augmenting cross-industry collaboration.
What Are The Core Factors Supporting Growth In The 5th Generation 5G Enterprise Market?
The proliferation of IoT devices is projected to drive the expansion of the 5G enterprise market in the future. These IoT devices are physical items equipped with sensors, software and connectivity functionality, facilitating the gathering, interchange, and data processing autonomously. Multiple factors are driving the surge in demand for IoT devices: automation and efficiency, enhanced connectivity, and consumer demand. Providing extraordinarily high speeds and low latency, 5G offers uninterrupted connectivity for IoT devices. This supports real-time data transmission and extensive applications in various areas such as industrial automation and smart cities. For example, a report by Ericsson, a telecommunications company based in Sweden, stated that in September 2023, the global IoT connections had reached 15.7 billion and anticipated to rise by 16% to 38.9 billion connections by 2029. As a result, the escalating adoption of IoT devices propels the expansion of the 5G enterprise market.
What Are The Major Segments Within The Global 5th Generation 5G Enterprise Market?
The 5th generation (5G) enterprise market covered in this report is segmented –
1) By Network Type: Hybrid Networks, Private Networks, Enterprise Network, Communication Service Provider (CSP) Network
2) By Frequency Band: Sub-6GHz, mmWave
3) By Infrastructure: Access Equipment, Small Cells, E-RAN Equipment (Service Node), Core Network, Software-Defined Networking (SDN), Network Function Virtualization (NFV)
4) By Application: Mobile Robots (AGV), Video Analytics, Drones, Augmented Reality (AR) Or Virtual Reality (VR), Communication, Other Applications
5) By Vertical: Banking, Financial Services, And Insurance (BFSI), Manufacturing, Energy And Utilities, Retail, Healthcare, Government And Public Safety, Transportation And Logistics, Aerospace And Defense, Media And Entertainment, Office Buildings
Subsegments:
1) By Hybrid Networks: Combination Of Private And Public Networks, Integration With Cloud Networks
2) By Private Networks: On-premises Private 5G Networks, Remote or Distributed Private 5G Networks
3) By Enterprise Network: Large Enterprise Networks, Small And Medium Enterprise Networks
4) By Communication Service Provider (CSP) Network: CSP-owned 5G Networks, CSP-managed Private 5G Networks
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Which Trends Are Expected To Transform The 5th Generation 5G Enterprise Market?
Leading corporations in the 5G enterprise market are keen to establish private networks, such as 5G wireless networks, in order to cater to specific communication needs. The fifth iteration of cellular network technology, a 5G wireless network, is designed to offer faster data speeds, reduced latency, augmented network capacity, and superior reliability as compared to its predecessors. To illustrate, in February 2024, a collaborative private 5G wireless solution for businesses was launched by Wipro Ltd, a tech firm based in India, and Nokia Corporation, a telecommunication organization from Finland. The objective of this collaboration is to drive businesses towards digital transformation and innovation by offering them advanced connectivity and AI-based features. Furthermore, this collaboration facilitates businesses to expand their digital transformation, handle security threats effectively, and efficiently streamline their operations.
Who Are the Key Players In The 5th Generation 5G Enterprise Market?
Major companies operating in the 5th generation (5G) enterprise market report are:
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Verizon Communications Inc.
• AT&T Inc.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Vodafone Group Plc
• Cisco Systems Inc.
• Qualcomm Incorporated
• Oracle Corporation
• NTT Docomo Inc.
• Hewlett Packard Enterprise Company
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• NEC Corporation
• ZTE Corporation
• Telstra Corporation Limited
• SK Telecom Co. Ltd.
• CommScope Holding Company Inc.
• Juniper Networks Inc.
• Ciena Corporation
• Fujitsu Limited
• Mavenir plc
What Is The Most Dominant Region In The 5th Generation 5G Enterprise Market?
North America was the largest region in the 5th generation (5G) enterprise market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5th generation (5G) enterprise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
