5G Enterprise Market worth USD 21.7 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "5G Enterprise Market by Frequency (Sub-6Ghz and mmWave), by Spectrum (Licensed and Unlicensed/Shared), by Network Type (Hybrid Networks, Private Networks, Enterprise Network, and CSP Network), by Organization Size (Large enterprises and Small & medium-sized enterprises), by Industry Vertical (Healthcare, BFSI, Retail & E-commerce, IT & Telecom, Manufacturing, and Government and Public Sector, Energy and Utility, Media & Entertainment, and Others), by Region – Global Share and Forecast to 2030".

The global 5G enterprise market size is estimated to reach USD 21.7 billion by 2030 from USD 2.1 billion in 2021, registering a CAGR of 33.9% during the forecast period. 5G enterprise is sufficient to establish new connectivity network in business models. 5G enterprise solutions are important to support wireless IoT use cases, as they can be deployed in high densities. Moreover, they serve as the preferred choice to support the short propagation range of millimeter wave-based 5G networks. In the coming years, demand for 5G infrastructure will rise to support IoT use cases such as connecting hundreds of IoT devices to each other and integrating IoT devices that are further apart. This necessitates high connection densities of up to one million devices per square kilometer and low per-device data rates, which should provide lucrative opportunities for global market expansion.

Global 5G Enterprise Market Research Report Segmentation

The overall 5G enterprise market has been segmented into the frequency, spectrum, network type, organization size, industry vertical, and region.

• By Frequency (Sub-6Ghz and mmWave
• By Spectrum (Licensed and Unlicensed/Shared)
• By Network Type (Hybrid Networks, Private Networks, Enterprise Network, and CSP Network
• By Organization Size (Large Enterprises and Small & medium-sized Enterprises)
• By Industry Vertical (Healthcare, BFSI, Retail & E-commerce, IT & Telecom, Manufacturing, and Government and Public Sector, Energy and Utility, Media & Entertainment, and Others)
• By Region (North America, Europe, Asia-Pacific, South America, and Middle & Africa)

Licensed spectrum, by spectrum, holds the largest market share during the forecast period

Based on the spectrum, the global 5G enterprise market is categorized as licensed and unlicensed spectrum. The licensed spectrum generated the highest revenue of 61.5% of the total global 5G enterprise market in 2021. It is projected to register a CAGR of 33.8% from 2022 to 2030. The licensed spectrum includes the commercial mobile spectrum bands for 5G networks with access depending upon local frequency regulations.  

The demands for 5G networks over the licensed spectrum are increasing in the commercial sector, due to which many regulatory authorities are implementing several policies. For instance, in April 2021, 32% of private companies in India preferred licensed spectrum to deploy 5G network instead of deploying on shared spectrum. Also, in March 2021, Nokia Corporation partnered with AT&T to deploy 5G network in the licensed C-band spectrum.

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North America accounts for the largest market share in 5G enterprise market 2021

Based on the regions, the global 5G enterprise market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America dominated the market with a market share of 46.8% in the global 5G enterprise market. The North America 5G enterprise market is studied across the U.S. and Canada. North America has harnessed advance network infrastructure by exploring the boundaries of technology, science, and commerce to meet immediate end-user demand and to create a connected network.

Furthermore, rise in demand from wide range of mobile operators for high bandwidth networks has propelled the growth of the 5G enterprise market in the region. Mobile carriers operating in this region are continually inclining toward advances in telecommunication network. Moreover, well-developed network infrastructure of North American countries has proliferated the adoption of 5G enterprise. North American countries are witnessed to be the highest adopters of 5G enterprise technology, owing to their infrastructure ability to integrate the devices seamlessly.  

This research report includes a complete study on the development and marketing strategies and the study on the product portfolios and winning strategies of the leading companies operating in the 5G enterprise market. It also consists of the profiles of leading companies such as AT&T, NEC Corporation, Nokia Corporation, Samsung, SK Telecom, Juniper Network, Ericsson, Huawei technologies co. Ltd., Verizon Communications LTD, and ZTE Corporation. These market players have focused on acquisitions and expansion to gain a larger market share in the 5G enterprise market.

Browse complete report: https://www.marketstatsville.com/5g-enterprise-market

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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