IMARC Group, a leading market research company, has recently releases report 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", Offers a comprehensive analysis of the industry, which comprises insights on the 5G enterprise market share.
How Big is the 5G Enterprise Market?
The global 5G enterprise market size reached US$ 4.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.5 Billion by 2032, exhibiting a growth rate (CAGR) of 30% during 2024-2032.
Industry Overview of Enterprise
Fifth generation (5G) enterprise refers to the deployment and utilization of 5G technology in various industries to meet the specific needs of businesses, organizations, and enterprises. It facilitates advanced connectivity, data transmission, and innovative services tailored for enterprise use cases. It prioritizes robust security measures to protect sensitive data and communications.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/5g-enterprise-market/requestsample
What are the growth prospects and trends in the 5G enterprise industry?
The increasing demand for high-speed and reliable internet connectivity represents one of the primary factors driving the need for 5G in enterprises around the world. Moreover, the rising adoption of the internet of things (IoT) applications is favoring the growth of the market.
In addition, rapid digitization, increasing use of cloud-based solutions, and rising adoption oof remote working models are influencing the market positively. Apart from this, the increasing use of 5G in the enterprises of the retail industry to provide retailers with uninterrupted business, streamlined operations, and a reliable network that handles peak-time traffic is propelling the growth of the market.
Besides this, the integration of augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and machine learning (ML), along with 5G in enterprises to deliver immersive experiences and process large amounts of data in real time, is bolstering the growth of the market.
Leading Companies Operating in the Global 5G Enterprise Industry:
- 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.
- ZTE Corporation
5G Enterprise Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Frequency:
- Sub-6Ghz
- mmWave
Breakup by Spectrum:
- Licensed
- Unlicensed/Shared
Market Breakup by Network Type:
- Hybrid Networks
- Private Networks
- Enterprise Network
- CSP Network
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- BFSI
- Healthcare
- Retail and E-Commerce
- IT and Telecom
- Manufacturing
- Government and Public Sector
- Energy and Utility
- Media and Entertainment
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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