5G Enterprise Market Worth $ 12.91 Billion, Globally, by 2028 at 30.18% CAGR: Verified Market Research™
Jersey City, New Jersey, April 22, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently published a report “Market for 5G companies”By frequency band (Sub-6Ghz & mmWave), by spectrum (licensed and unlicensed), by application (mobile robots (AGV), AR / VR, communication, video analysis, etc.), by infrastructure (E-Ran equipment, small Cells, access equipment and others), by vertical (BFSI, manufacturing, retail and healthcare) and by geography. According to Verified Market Research, the global 5G enterprise market is estimated at $ 1.57 billion in 2020 and is expected to reach $ 12.91 billion by 2028, growing at a CAGR of 30.18% from 2021 to 2028. year.
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Consider an in-depth TOC On “Market for 5G companies”
202 – Pages
126 – Tables
37 – Figures
Market overview of 5G enterprises
Industry 4.0 is a prominent growth engine for the global 5G market, allowing organizations to process vast amounts of data, further facilitating operational efficiency using advanced technologies such as robotics, artificial intelligence, connected sensors and cloud computing.
Another important driver of growth for the global 5G Enterprise Market is the operation of smart cities using Internet of Things (IoT) technology. The smart city uses information and communication technology (ICT) infrastructure to facilitate the architecture of interconnected objects and machines for wireless data transmission through the cloud in real time. This real-time data acquisition improves day-to-day operations such as streamlining garbage collection and better congestion management. Therefore, the successful implementation of smart city projects depends to a large extent on several technologies that invariably need high-speed networks at their disposal to function – data communications, cloud, mobility and sensors – which together form the IoT.
In addition, another driver for the growth of the global 5G market is the management of large device infrastructures through a network segment. This is a logically separate, autonomous, independent and secure part of the network, which provides various services with the required speed, latency and reliability. The different characteristics of a network fragment are low latency, high bandwidth and ultra-reliability for a time-critical communication scenario using IoT (eg automatically controlled vehicles or AGV) or high latency and low bandwidth for large-scale IoT using large number of connected devices. Technologies such as programmable and flexible 5G networks, advanced AI (artificial intelligence) and service-level orchestrated (SLA) orchestration can help to quickly deploy and manage the necessary network functions in an automated way throughout the lifecycle.
The main players in the market are Huawei Technologies Co. Ltd. (China), Ericsson Inc. (Sweden), Nokia Networks (Finland), Samsung Group (South Korea), ZTE Corporation (China), Verizon Communications Inc. (USA), Cisco Systems, Inc. (USA), NEC Corporation (Japan), Hewlett Packard Enterprise (USA), Ciena Corporation (USA) and others.
Main developments of 5G Enterprise Market
- In order to bring 5G to 20 million people in Germany by the end of 2021, Ericsson and Vodafone have launched a commercial 5G network using Ericsson products and solutions.
- On April 15, 2021, Nokia announced that it had successfully completed a test of mmWave technology on Mobily’s 5G network live in the Saudi capital, Riyadh. The process achieved the highest productivity at a site on Prince Mohammad bin Abdulaziz Street (Tahlia Street) in Riyadh.
- On April 15, 2021, MTS, Russia’s largest mobile operator, and Huawei activated 5G networks at 14 iconic locations in Moscow.
- In February 2021, China Mobile and Huawei introduced the world’s first 4.9 GHz LampSite commercial network in Shanghai, China. This is the first time that a combined 200 MHz band on the 2.6 and 4.9 GHz bands and the distributed Massive MIMO have been implemented simultaneously in digital internal networks.
Proven market research has segmented the global 5G corporate market based on frequency band, spectrum, application, infrastructure and vertical and geography.
- 5G Enterprise Market in frequency range
- 5G Enterprise Market by Spectrum
- 5G Enterprise Market by application
- Mobile robots (AGV)
- AR / VR
- Communication
- Video Analysis
- The drones
- Others
- 5G Enterprise Market from infrastructure
- E-Ran equipment (service unit)
- Small cells
- Access equipment
- Network Functional Virtualization (NFV)
- Basic network technologies
- Software Defined Network (SDN)
- 5G Enterprise Market from Vertical
- BFSI
- production
- Retail
- Healthcare
- Energy and utilities
- Transport and Logistics
- Government and public safety
- Media and entertainment
- Office buildings
- Cosmonautics and defense
- 5G Enterprise Market by Geography
- North America
- Europe
- Germany
- France
- Great Britain
- The rest of Europe
- Asia-Pacific region
- China
- Japan
- India
- The rest of the Asia-Pacific region
- ED
- The Middle East and Africa
- Latin America
View related reports:
5G technology market from connectivity (ultra-reliable low latency communication (URLLC), massive machine type communication (mMTC), enhanced mobile broadband (eMBB)), from applications (VR and AR, intelligent surveillance, monitoring and tracking, improved video services, related vehicles (Automation, other), end user (transport and logistics, manufacturing, healthcare, government, energy and utilities, cars, other), by geography, forecast, 2020-2027
5G chipset market by product (network infrastructure equipment, client room equipment (CPE)), from integrated circuit (RFIC), application-specific integrated circuit (ASIC), cellular integrated circuit (integrated circuit) millimeter wave (mmWave IC)), by industry (building automation, industrial automation, automotive and transport, energy and utilities, healthcare, public safety and surveillance, retail and consumer electronics), by geography, forecast, 2020- 2027
5G infrastructure market from Core Network Technology (Fog Computing (FC), Software-Defined Networking (SDN), Mobile Edge Computing (MEC) and Network Functions Virtualization (NFV)), from the communication infrastructure (Macro Cell, Small Cell and Radio Access Network), chipset type (RFIC chips, ASIC chips, field programmable portal array, millimeter wave chips and distributed antenna system), by application (home automation, public safety and surveillance, healthcare, energy and utilities, industrial automation, automotive and others), by geography, forecast, 2020-2027
Market for 5G smartphones by operating system (Android, Windows, IOS, others), by sales channel (online sales, offline sales, other), by geography, forecast, 2020-2027
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