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The global 5G enterprise market was valued at US$ 2.25 Billion in 2021.
We expect the global 5G enterprise market to exhibit a CAGR of 34.30% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of 5G enterprise solutions across the healthcare sector for remote patient monitoring, video-enabled prescription management, and connected ambulance and HD virtual consultations, during the lockdown scenario.
The rising deployment of 5G enterprise solutions across the retail industry, as they provide retailers with uninterrupted business, streamlined operations, a reliable network that handles peak-time traffic, etc., is primarily driving the global 5G enterprise market.
Based on the frequency, the global 5G enterprise market has been divided into sub-6Ghz and mmWave. Currently, sub-6Ghz frequency exhibits a clear dominance in the market.
Based on the spectrum, the global 5G enterprise market can be categorized into licensed and unlicensed/shared, where licensed spectrum currently holds the majority of the total market share.
Based on the organization size, the global 5G enterprise market has been segmented into small and medium-sized enterprises and large enterprises. Currently, large enterprises account for the largest market share.
Based on the industry vertical, the global 5G enterprise market can be bifurcated into BFSI, healthcare, retail and e-commerce, IT and telecom, manufacturing, government and public sector, energy and utility, media and entertainment, and others. Among these, the IT and telecom industry holds the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global 5G enterprise market include 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.
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