5G Enterprise Market by Network, Operator Model, Infrastructure, Spectrum, Frequency Band, Organizat

According to Business Intelligence Insights "5G Enterprise Market" market size is expected to reach USD 10.9 billion by 2027 from USD 2.1 billion in 2021, at a CAGR of 31.8% during the forecast period.

Regional Analysis:

Market Dynamics

• Development of smart infrastructure.
• Drivers: Emergence of Industry 4.0 paving way for Mmtc.
• Delivery of differentiated 5G services using network slicing.
• Restraints: Stability Adoption of Wi-Fi communication technology by enterprises.

Drivers: Emergence of Industry 4.0 paving way for mMTC

Along with IoT, Industry 4.0 provides manufacturing companies with the ability to store and analyze large volumes of data, based on which manufacturers can set actions using several technologies, such as robotics, artificial intelligence, connected sensors, IoT, and cloud computing. Thus, Industry 4.0 aims to improve production process efficiency and flexibility by deploying automation technology.

The Asia Pacific region accounted for the largest revenue share of 80.11% in 2021. Japan accounted for the largest country-level demand and is projected to register a significant growth rate during the forecast period. China is projected to register the highest growth rate in the Asia Pacific in the coming years. Energy mix gas accounts for only 4%–5% of prime energy consumption across the country, letting ample space for development. Robust economic growth across the country is also leading to higher consumption of gas-based power facilities with an enhanced application scope for the market.

Segmentation Insights:

5G Enterprise Market, By Network Type

• Hybrid Networks
• Private Networks
• Enterprise Network

Restraints: Stability Adoption of Wi-Fi communication technology by enterprises

Wi-Fi communication is currently considered to be the de-facto connectivity technology among organizations for offering on site mobility for employees, connected devices, visitors, and contract-based employees. Advancements and developments in wireless technologies and devices have increased the working efficiency of organizations. The use of Wi-Fi–enabled tablets and smart devices by employees has increased business productivity. Workers and technicians in manufacturing enterprises have witnessed an increase in their work productivity according to Intel’s white paper published in 2016. Increasing number of enterprises are dependent on Wi-Fi products to manage their daily business operations. The wide range of Wi-Fi coverage helps employees to always stay connected from any part of office premises or building. With wireless products and smart devices deployed in organizations, operating expense is lowered and a high return on investments is achieved. Considering many features of Wi-Fi technology and widespread adoption among enterprises, it acts as a major restraint for the anticipated growth of the 5G enterprise market.

Top Key Players Analysis:

• Huawei (China),
• Ericsson (Sweden),
• Nokia Neworks(Finland),
• Samsung (South Korea),
• ZTE (China).

Huawei (China)

Huawei Technologies is a leading global provider of networking products, servers, storage solutions, and telecommunications and information and communications technology (ICT) solutions. The company also provides different services such as network integration, business consulting, learning, assurance, managed and global delivery services to stakeholders, including telecom operators, data center security service providers, network service providers worldwide.

Read our strategic analysis: https://www.marketsandmarkets.com/Market-Reports/5g-enterprise-market-128223246.html

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