5G Enterprises Market: Introduction
- 5G enterprises focus on building and upgrading enterprise network infrastructure to redeem the various advantages of 5G. Moreover, 5G enterprises focus on offering uninterrupted networking technology, irrespective of their geographical location.
- The COVID-19 outbreak has been a primary catalyst for the expansion and rise in adoption of 5G enterprises. Governments of various countries across the world have imposed lockdowns to curb the spread of the disease. This has prompted 5G enterprises providers to provide critical and vital broadband, remote work solutions, and 5G technology to support remote work to their customers. This, in turn, is expected to boost the global 5G enterprises market. Moreover, the pandemic outbreak has some impact on both readiness and rollouts for 5G as some countries have delayed their 5G spectrum auction infrastructure contracts, and other readiness initiatives, and some other countries have brought in regulations relating to prioritizing of spending for 5G. This is expected to create significant opportunity for the global 5G enterprises market during the forecast period.
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Global 5G Enterprises Market: Market Dynamics
- A unified 5G enterprise network offers governments and public sector, healthcare, manufacturing, and telecommunications with a single network, so as fulfill the needs of industrial applications, which is expected to boost the global 5G enterprises market
- Increase in demand for high speed and upgraded network coverage is projected to boost the 5G enterprises market.
- Development of software operations in communication networks is projected to enhance the 5G enterprises market.
- Investment in mobile computing and communication solutions across developed and developing countries is also expected to create significant opportunities for the growth of the 5G enterprises market.
- However, rise in Wi-Fi communication technology for connectivity and communication across enterprises is one of the factors that can hamper the growth of the 5G enterprises market. Lack of authority in managing and owning corporate networks is also expected to restrain the growth of the 5G enterprises market.
North America to Account for Major Share of the Global 5G Enterprises Market
- In terms of region, the global 5G enterprises market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa
- North America is expected to lead the global 5G enterprises market during the forecast period, due to the presence of well-established players who offer 5G enterprise solutions in the U.S. and Canada, enabling higher bandwidth and availability of network slicing and edge computing. This in turn is expected to boost the 5G enterprises market in North America.
- The 5G enterprises market in Europe is anticipated to expand network infrastructure in the near future, due to rising government initiatives for enabling open application programming interface (API) in the region.
- Asia Pacific is expected to hold a significant share of the global 5G enterprises market in the coming years due to stable digital transformation to optimize business developments with the changing consumer demand, which in turn is projected to fuel the 5G enterprises market in the region.
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Global 5G Enterprises Market: Competitive Landscape
Key Players Operating in the Global 5G Enterprises Market
Companies operating in the global 5G enterprises market are increasingly investing in research and development activities to develop new and innovative techniques to provide 5G enterprises solutions. The global 5G enterprises market is highly fragmented, with the presence of numerous manufacturers in both developed and developing regions. Key players operating in the global 5G enterprises market include:
- AT & T
- Cisco Systems, Inc.
- Fujitsu Limited
- Huawei Technologies Co., Ltd.
- Juniper Networks, Inc.
- Mavenir
- NEC Corporation
- Nokia Corporation
- Oracle Corporation
- Samsung Electronics
- Telefonaktiebolaget LM Ericsson
- Verizon Communications
- ZTE Corporation.
- In February 2020, Mavenir and NEC Corporation collaborated to deliver a 5G Open virtualized RAN (vRAN) solution in Japan.
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Global 5G Enterprises Market: Research Scope
Global 5G Enterprises Market, by Access Equipment
- Radio Node
- Service Node (E-Ran)
- DAS (Direct-attached storage)
Global 5G Enterprises Market, by Enterprise Size
- Small & Medium Enterprise
- Large Enterprise
Global 5G Enterprises Market, by Core Network Technology
- Software-defined Networking (SDN)
- Network Functions Virtualization (NFV)
Global 5G Enterprises Market, by Industry
- BFSI
- IT & Telecom
- Retail & e-commerce
- Healthcare
- Transportation & Logistics
- Manufacturing
- Media & Entertainments
- Others
Global 5G Enterprises Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- U.A.E.
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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