The "5G Enterprise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global 5G enterprise market reached a value of US$ 2.25 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 14.57 Billion by 2027, exhibiting a CAGR of 36.53% during 2021-2027.
Companies Mentioned:
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
5G is a fifth-generation technology for broadband cellular networks that offers a high data rate, low latency, greater bandwidth, high coverage and reliability, and improved quality of service (QoS) at affordable prices. It also helps in streaming ultra-high-definition (HD) videos, and augmented reality and virtual reality (AR/VR) media.
At present, it finds extensive applications in enterprises of different industry verticals, such as information technology (IT), telecommunications, manufacturing, and banking, financial services and insurance (BFSI). This can be accredited to its assistance in the introduction of new technologies, such as edge computing and network slicing, for developing immersive solutions that provide the tools for enterprises to transform digitally.
With the increasing remote workforce on account of the coronavirus disease (COVID-19) outbreak, the adoption of 5G enterprise solutions is rising across the globe. This represents one of the key factors impelling the growth of the market. Moreover, there is an increase in the use of these solutions in the retail industry as they provide retailers with uninterrupted business, streamlined operations, a reliable network that handles peak-time traffic, and the ease of tracking products, prices, inventory, and customer information.
Additionally, faster connections and reduced latency aid in introducing new features in brick-and-mortar establishments, including digital price tags and smart digital displays. Besides this, 5G enterprise solutions are increasingly employed in the healthcare sector as it allows remote patient monitoring and video-enabled prescription management and offers connected ambulance and HD virtual consultations. This, coupled with the rising focus of enterprises on implementing new technologies to improve service delivery, reduce costs, and gain competitive advantage, is anticipated to fuel the growth of the market.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global 5G Enterprise Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Frequency
7 Market Breakup by Spectrum
8 Market Breakup by Network Type
9 Market Breakup by Organization Size
10 Market Breakup by Industry Vertical
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/kbl9o5
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