5G Enterprise Market by Equipment, Organization Size, End User

List of Tables

[188 Pages Report] The 5G Enterprise Market size was estimated at USD 17.30 billion in 2023 and expected to reach USD 22.45 billion in 2024, at a CAGR 31.20% to reach USD 115.81 billion by 2030.

5G enterprise refers to the application and utilization of fifth-generation wireless technology businesses and organizations use to enhance their operational efficiency, communication systems, and digital transformation strategies. This cellular network technology is a significant advancement that offers improved speed, lower latency, higher capacity, and reliable connectivity. The applications of 5G technology within the enterprise are diverse and significant. In the manufacturing sector, it enables real-time monitoring and predictive maintenance of industrial equipment, reducing downtime and increasing operational efficiency. In healthcare, 5G facilitates telemedicine, remote patient monitoring, and seamless data sharing, improving patient outcomes. In transportation, 5G enhances connectivity, facilitating autonomous vehicle deployment, smart traffic management systems, and improved safety. Several factors contribute to the growth of the 5G enterprise market, including increasing demand for high-speed and reliable network connectivity to support the adoption or utilization of the rising number of Internet of Things (IoT) devices and applications in enterprises. Additionally, governments worldwide implement initiatives associated with 5G technology. Substantial investments in 5G infrastructure development by telecom operators promote market growth. However, challenges include high initial investment costs for 5G infrastructure deployment and data security and privacy concerns. The 5G technology is expected to create numerous opportunities for innovation and growth within the enterprise sector, such as developing 5G-as-a-Service (5GaaS) models and integrating 5G with emerging technologies such as edge computing and artificial intelligence (AI).

KEY MARKET STATISTICS
Base Year [2023]	USD 17.30 billion
Estimated Year [2024]	USD 22.45 billion
Forecast Year [2030]	USD 115.81 billion
CAGR (%)	31.20%

Regional Insights

North America, particularly the United States, represents a developed market for 5G enterprise solutions. The substantial investments from major telecommunications companies and the availability of 5G-enabled devices supported the adoption of 5G in the region. Canada's 5G rollout is facilitated by the government's commitment to support next-generation wireless technologies. Canadian enterprises demonstrate a growing interest in utilizing 5G for IoT, remote work solutions, and enhancing operational efficiencies. The South America landscape is developing for the 5G enterprise market, with Brazil and Argentina paving the way for the transition. The primary focus is upgrading existing telecom infrastructures to support 5G deployment. Europe exhibits a robust commitment toward the adoption of 5G technology across enterprise segments, bolstered by comprehensive support from the European Union and national governments. Germany, the UK, and France are at the forefront, leveraging 5G to foster innovation in the automotive, manufacturing, and healthcare sectors. The Middle East, in particular, showcases a strong ambition to establish itself as a global 5G hub, with significant investments in smart city projects and industrial automation. Africa, shows potential for 5G enterprises, especially in regions with developed telecommunications infrastructure. The APAC region is witnessing dynamic growth in the 5G enterprise market, driven by countries such as South Korea, China, and Japan. These countries have adopted 5G early and invested heavily in developing the necessary ecosystem for widespread adoption. The APAC market benefits from substantial government backing, extensive manufacturing bases, and a strong emphasis on digital transformation initiatives.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the 5G Enterprise Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Demand for high speed and improved network coverage coupled with development of Industry 4.0
- Increasing adoption of connected vehicle technologies
- Improving prospect of video monitoring and detection with 5G across end-user industries

Market Restraints
- Uneven Coverage Issues Associated with 5G Technology

Market Opportunities
- Emerging Use of 5G enterprises in Energy, Manufacturing & Logistic Sectors
- Increasing 5G Network Vista across Small-Medium Enterprises

Market Challenges
- Existing Limitations in 5G Infrastructure

Market Segmentation Analysis
- Equipment: Increasing preference for radio nodes in 5G network for modulation, demodulation, and encoding/decoding
- Organization Size: Expanding implementation of 5G solutions in large enterprises for handling vast data traffic
- End User: Rise in usage of 5G technology in BFSI sector for improved mobile banking experiences

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 5G Enterprise Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 5G Enterprise Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

AT&T Embarks on Strategic Enterprise-Focused FWA Service Expansion

AT&T refined its market approach by launching a new fixed-wireless access (FWA) service, tailored for the enterprise segment, particularly targeting small to medium-sized businesses. This strategy supports AT&T's commitment to optimizing operational goals while addressing the specific connectivity demands of the enterprise sector. [Published On: 2024-03-14]

Kyndryl and HPE Forge a Strategic Alliance for Advanced 5G Solutions, Enhancing Enterprise Connectivity

Kyndryl and Hewlett Packard Enterprise (HPE) partnered to revolutionize enterprise connectivity by developing and delivering state-of-the-art LTE and 5G private wireless services worldwide. This partnership is based on Athonet's private LTE/5G technology, an HPE company, in conjunction with HPE Aruba Networking's enterprise-grade wired and WLAN (Wi-Fi 6) connectivity solutions. This synergy is expected to provide businesses across various sectors with a seamless integration of private 5G and Wi-Fi networks, ensuring enhanced connectivity, security, business agility, and an improved user experience. [Published On: 2024-02-26]

Wipro and Nokia Forge Strategic Alliance to Accelerate Digital Transformation with Private 5G Solutions

Wipro Limited collaborated with telecommunications giant, Nokia Corp., to launch a cutting-edge private wireless solution aimed at accelerating digital transformation efforts among enterprises. This innovative joint venture provided a highly secure and integrated 5G private wireless network solution tailored to fit into existing operational infrastructures of businesses. [Published On: 2024-02-26]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 5G Enterprise Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the 5G Enterprise Market, highlighting leading vendors and their innovative profiles. These include Airspan Networks Holdings Inc., Amazon Web Services, Inc., American Tower Corporation, AT&T Inc., Bell Canada Enterprises Inc., Broadcom Inc., BT Group PLC, Capgemini SE, China Mobile Limited, Ciena Corporation, Cisco Systems, Inc., Comba Telecom Systems Holdings Limited, CommScope, Inc., Deutsche Telekom AG, Extreme Networks, Inc., F5, Inc., FiberHome Telecommunication Technologies Co., Ltd., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Kyocera Corporation, Mavenir Systems, Inc., Microsoft Corporation, NEC Corporation, Nokia Corporation, NTT DATA Corporation, Parallel Wireless, Inc., Qualcomm Incorporated, Reliance Industries Limited, Samsung Electronics Co., Ltd., SK Inc., Sunrise LLC by Liberty Global PLC, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Verizon Communications Inc., Vodafone Idea Limited, VVDN Technologies, and ZTE Corporation.

Market Segmentation & Coverage

This research report categorizes the 5G Enterprise Market to forecast the revenues and analyze trends in each of the following sub-markets:

Equipment
- Distributed Antenna System
- Radio Node
- Service Node

Organization Size
- Large Enterprises
- SMEs

End User
- Agriculture
- Automotive
- BFSI
- Government & Defense
- Healthcare & Life Sciences
- Information Technology
- Manufacturing
- Media & Entertainment
- Retail & Ecommerce
- Transportation & Logistics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Connecticut
    - Florida
    - Illinois
    - Minnesota
    - New Jersey
    - New York
    - Ohio
    - Pennsylvania
    - Texas
    - Washington
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-031BF22F953B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Demand for high speed and improved network coverage coupled with development of Industry 4.0
  - 5.1.1.2. Increasing adoption of connected vehicle technologies
  - 5.1.1.3. Improving prospect of video monitoring and detection with 5G across end-user industries
- 5.1.2. Restraints
  - 5.1.2.1. Uneven Coverage Issues Associated with 5G Technology
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Use of 5G enterprises in Energy, Manufacturing & Logistic Sectors
  - 5.1.3.2. Increasing 5G Network Vista across Small-Medium Enterprises
- 5.1.4. Challenges
  - 5.1.4.1. Existing Limitations in 5G Infrastructure
5.2. Market Segmentation Analysis
- 5.2.1. Equipment: Increasing preference for radio nodes in 5G network for modulation, demodulation, and encoding/decoding
- 5.2.2. Organization Size: Expanding implementation of 5G solutions in large enterprises for handling vast data traffic
- 5.2.3. End User: Rise in usage of 5G technology in BFSI sector for improved mobile banking experiences
5.3. Market Trend Analysis
- 5.3.1. Expanding 5G infrastructure with the presence of native market vendors in the Americas
- 5.3.2. Government initiatives encouraging the deployment of 5G across enterprises in APAC
- 5.3.3. Increasing deployment of 5G network with rising amalgamation activities between market players to introduce 5G enterprise in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. 5G Enterprise Market, by Equipment

6.1. Introduction
6.2. Distributed Antenna System
6.3. Radio Node
6.4. Service Node

7. 5G Enterprise Market, by Organization Size

7.1. Introduction
7.2. Large Enterprises
7.3. SMEs

8. 5G Enterprise Market, by End User

8.1. Introduction
8.2. Agriculture
8.3. Automotive
8.4. BFSI
8.5. Government & Defense
8.6. Healthcare & Life Sciences
8.7. Information Technology
8.8. Manufacturing
8.9. Media & Entertainment
8.10. Retail & Ecommerce
8.11. Transportation & Logistics

9. Americas 5G Enterprise Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific 5G Enterprise Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa 5G Enterprise Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. AT&T Embarks on Strategic Enterprise-Focused FWA Service Expansion
- 12.3.2. Kyndryl and HPE Forge a Strategic Alliance for Advanced 5G Solutions, Enhancing Enterprise Connectivity
- 12.3.3. Wipro and Nokia Forge Strategic Alliance to Accelerate Digital Transformation with Private 5G Solutions
- 12.3.4. Strategic Acquisition of Juniper Networks by HPE, Elevating 5G Telecommunications with Comprehensive Solutions
- 12.3.5. Snapdragon X35 5G Modem-RF System Powers the Next Generation of 5G RedCap Devices, Advancing 5G Connectivity
- 12.3.6. HFCL's Strategic Investment in 5G Fixed Wireless Access Technology
- 12.3.7. VVDN Technologies Launched Comprehensive and Deployment-Ready 5G Solutions for Enterprises
- 12.3.8. HPE's Strategic Acquisition of Athonet, developing the Future of Enterprise Connectivity with Private 5G
- 12.3.9. AT&T's Strategic Initiative, Pioneering Network Resilience and Expansion
- 12.3.10. HFCL and Microsoft's Strategic Collaboration on 5G Solutions, Pioneering Digital Transformation in Industry 4.0
- 12.3.11. Deutsche Telekom and Microsoft Forge New Paths with Private 5G Networks
- 12.3.12. Cisco and NTT's Strategic Collaboration to Propel Private 5G Adoption Acting as Catalysts of Digital Transformation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio