5G Enterprise Market Size, Share, Growth and Global Forecast, 2023-2028

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IMARC Group, a leading market research company, has recently releases report titled “5G Enterprise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global 5G enterprise market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the 5G Enterprise Market?

The global 5G enterprise market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.4 Billion by 2028, exhibiting a growth rate (CAGR) of 34% during 2023-2028.

What is 5G Enterprise?

Fifth generation (5G) enterprise refers to the deployment and utilization of 5G technology in various industries to meet the specific needs of businesses, organizations, and enterprises. It facilitates advanced connectivity, data transmission, and innovative services tailored for enterprise use cases. It prioritizes robust security measures to protect sensitive data and communications.

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What are the growth prospects and trends in the 5G enterprise industry?

The increasing demand for high-speed and reliable internet connectivity represents one of the primary factors driving the need for 5G in enterprises around the world. Moreover, the rising adoption of the internet of things (IoT) applications is favoring the growth of the market.

In addition, rapid digitization, increasing use of cloud-based solutions, and rising adoption oof remote working models are influencing the market positively. Apart from this, the increasing use of 5G in the enterprises of the retail industry to provide retailers with uninterrupted business, streamlined operations, and a reliable network that handles peak-time traffic is propelling the growth of the market.

Besides this, the integration of augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and machine learning (ML), along with 5G in enterprises to deliver immersive experiences and process large amounts of data in real time, is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

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

Market 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

Who are the key players operating in the industry?

The report covers the major market players including:

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.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same 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 Group’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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