Global 5G Enterprise Market to Reach US$ 45.5 Billion by 2032, Stimulated by Increasing Adoption of 5G Enterprise Solutions in Retail Industry

May 31, 2023 | Technology & Media

According to the latest report by IMARC Group, titled "5G Enterprise Market Report by Frequency (Sub-6Ghz, mmWave), Spectrum (Licensed, Unlicensed/Shared), Network Type (Hybrid Networks, Private Networks, Enterprise Network, CSP Network), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Industry Vertical (BFSI, Healthcare, Retail and E-Commerce, IT and Telecom, Manufacturing, Government and Public Sector, Energy and Utility, Media and Entertainment, and Others), and Region 2024-2032," the global 5G enterprise market reached a value of US$ 4.1 Billion in 2023. 5G enterprise refers to deploying and utilizing fifth-generation (5G) wireless technology in the business and industrial sectors. Unlike previous generations of wireless networks, 5G offers unprecedented speed, capacity, low latency, and reliability, which makes it highly suitable for meeting the advanced connectivity requirements of enterprises. 5G enterprise networks enhance businesses' connectivity, enabling them to leverage various transformative technologies. These technologies include the Internet of Things (IoT), augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and machine learning (ML). One of the key advantages of 5G enterprise is its ability to support massive IoT deployments. With its high device density and low latency, 5G enables seamless connectivity and communication between many IoT devices. This opens up opportunities for smart manufacturing, smart cities, intelligent transportation systems, and other IoT-driven applications. It also provides reliable and high-speed connectivity for mission-critical applications.

Global 5G Enterprise Market Trends:

The global market is majorly driven by the increasing demand for high-speed and reliable connectivity. In line with this, the growing need for advanced digital technologies is significantly contributing to the market. Furthermore, the widespread adoption of the Internet of Things (IoT) applications and the emergence of Industry 4.0 initiatives are positively influencing the market. Apart from this, the significant increase in data consumption and the increasing reliance on cloud-based applications and services are catalyzing the market. Moreover, advanced technologies, such as augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and machine learning (ML), are becoming increasingly prevalent in various industries. These technologies require high-bandwidth, low-latency networks to deliver immersive experiences and process large amounts of data in real-time, which, in turn, is propelling the market. Besides, the development of smart infrastructure is strengthening market expansion. Additionally, the rising capability of 5G services to support SD-WAN and offer connectivity for numerous applications that are needed to be run in remote areas is favorably impacting the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 45.5 Billion by 2032, exhibiting a CAGR of 30% during 2024-2032. 

Market Summary:

  • On the basis of the frequency, the market has been categorized into Sub-6Ghz and mmWave.
  • Based on the spectrum, the market has been classified into licensed and unlicensed/shared.
  • Based on the network type, the market has been divided into hybrid networks, private networks, enterprise network, and CSP network. 
  • Based on the organization size, the market has been categorized into small and medium-sized enterprises and large enterprises.
  • Based on the industry vertical, the market has been classified into BFSI, healthcare, retail and e-commerce, IT and telecom, manufacturing, government and public sector, energy and utility, media and entertainment, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players 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.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Frequency, Spectrum, Network Type, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

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’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.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global 5G Enterprise Market to Reach US$ 45.5 Billion by 2032, Stimulated by Increasing Adoption of 5G Enterprise Solutions in Retail Industry
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More