5G Enterprise Market by Service and Geography - Forecast and Analysis 2022-2026

The 5G enterprise market share is expected to increase by USD 71.45 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 31.55%.

This 5G enterprise market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 5G enterprise market segmentation by service (platform and software) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The 5G enterprise market report also offers information on several market vendors, including AT and T Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Juniper Networks Inc., NEC Corp., Nokia Corp., Samsung Electronics Co. Ltd., SK Telecom Co. Ltd., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and ZTE Corp. among others.

What will the 5G Enterprise Market Size be During the Forecast Period?

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5G Enterprise Market: Key Drivers, Trends, and Challenges

The growing R and D and deployment of 5G network is notably driving the 5G enterprise market growth, although factors such as high deployment cost of 5G technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 5G enterprise industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 5G Enterprise Market Driver

One of the key factors driving growth in the 5G enterprise market is the growing R and D and deployment of 5G network. R and D in 5G hardware is increasing. R and D activities, along with trend-setting innovations, are expected to increase during the forecast period. In October 2019, Qualcomm Inc. (Qualcomm) announced $200 million in venture subsidies for organizations that are deploying 5G networks. Since 2018, Ericsson has been focusing on R and D in 5G and has contributed more than $350 million to R and D in 5G. The organization focuses on creating 5G and other imaginative portable innovations. The evolution of 5G technology will compel market vendors to develop wireless test equipment that can support the technology effectively. Vendors are competing for 5G network deployment, especially in North AmericaThe Indian government had created a high-level committee to work on a roadmap for the 5G rollout by June 2022. All these factors will have a positive impact on the global 5G enterprise market during the forecast period.

Key 5G Enterprise Market Trend

The adoption of 5G networks for smart cities is a 5G enterprise market trend that is expected to have a positive impact in the coming years. Smart cities are becoming popular because of the use of advanced technologies that provide greater convenience. Communications are the key and a very important part of the entire infrastructure in smart cities, as every component needs to be connected to the Internet, as well as integrated together. The smart city also requires extensive machine-type communication (MTC) applications. Therefore, the need for 5G networks for faster data transmission and communications will increase in smart cities. With the adoption of 5G networks, massive machine-type communications (MMTC) can be easily established and implemented. This easy communication will make various applications, such as smart traffic management and autonomous driving easier and safer. Therefore, the adoption of 5G networks for smart city projects across the world will increase. As a result, the demand for 5G services across enterprises will also increase to ensure high-density network connectivity for smart city projects across the globe. This will significantly drive the growth of the market during the forecast period.

Key 5G Enterprise Market Challenge

The high deployment cost of 5G technology will be a major challenge for the 5G enterprise market during the forecast period. The acquisition cost of 5G technology is very high. The high installation cost of small cellular networks and limited security for remotely situated outdoor power systems are among the major concerns that are expected to hamper the growth of the global 5G enterprise market. Large organizations in the telecommunications industry are compelled to adhere to stringent regulations laid by telecommunication standard organizations. Persistent pressure for competitive pricing by customers has affected the profit margins of telecom companies. For instance, data tariffs for 5G services are almost similar to those of 3G and LTE broadband communications. The global 5G enterprise market is expected to face a challenge due to the high cost of new frequency spectrum releases. The deployment cost of LTE infrastructure alone will be more than $200 billion, which would be higher than the upgrade costs and the virtual data center processing costs.

This 5G enterprise market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global 5G enterprise market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 5G enterprise market during the forecast period.

Who are the Major 5G Enterprise Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AT and T Inc.
• Cisco Systems Inc.
• CommScope Holding Co. Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Co.
• Huawei Investment and Holding Co. Ltd.
• Juniper Networks Inc.
• NEC Corp.
• Nokia Corp.
• Samsung Electronics Co. Ltd.
• SK Telecom Co. Ltd.
• Telefonaktiebolaget LM Ericsson
• Verizon Communications Inc.
• ZTE Corp.

 

This statistical study of the 5G enterprise market encompasses successful business strategies deployed by the key vendors. The 5G enterprise market is fragmented and the vendors are deploying growth strategies such as investing in R and D to compete in the market.

Product Insights and News

• AT and T Inc. - AT and T Inc. is a public company headquartered in the US. It is a global company generating $168,864 million in revenues and has around 203,000 employees. Its revenue from the global 5G enterprise market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• AT and T Inc. - The company offers enterprises grade 5G for businesses of all sizes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The 5G enterprise market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

5G Enterprise Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 5G enterprise market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for 5G Enterprise Market?

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35% of the market's growth will originate from North America during the forecast period. The US is the key market for 5G enterprise in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC, and MEA regions.

The increasing adoption of wireless technologies in the US will facilitate the 5G enterprise market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID-19 pandemic led to temporary lockdowns in countries such as the US, Canada, and Mexico. This led to the shutdown of office premises while new telecommunication projects were stalled until the reopening of different industries in H2 2020. However, the demand for faster communication services increased in the region, as major companies such as Google LLC, Amazon.Com, Inc and Intel Corp. announced permanent work from home for their employees. Thus, it resulted in a rise in demand for stable network connections, such as the 5G network. 

What are the Revenue-generating Service Segments in the 5G Enterprise Market?

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The 5G enterprise market share growth by the platform segment will be significant during the forecast period. The 5G platform can be leveraged by enterprises to maintain Internet connectivity over a longer duration, thereby providing an uninterrupted connection. This will boost the organization's efficiency and enable it to implement automation across the enterprise. Moreover, the 5G platform also enables the development of virtual network applications that can be integrated with IoT-enabled devices. This is expected to boost the demand for 5G services and boost the growth of the global 5G enterprise market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the 5G enterprise market size and actionable market insights on post COVID-19 impact on each segment.

 

5G Enterprise Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 31.55%
Market growth 2022-2026	$ 71.45 billion
Market structure	Fragmented
YoY growth (%)	24.48
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AT and T Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Juniper Networks Inc., NEC Corp., Nokia Corp., Samsung Electronics Co. Ltd., SK Telecom Co. Ltd., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and ZTE Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this 5G Enterprise Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive 5G enterprise market growth during the next five years
• Precise estimation of the 5G enterprise market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 5G enterprise industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 5G enterprise market vendors

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