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Global 5G Enterprise Market Size, Share, Growth, Trends, Forecast: By Communication Infrastructure Type: 5G Radio Access Networks, 5G Core Networks, Transport Networks; By Enterprise Type: IT and Telecommunication, BFSI, Retail and E-commerce, Manufacturing, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global 5G Enterprise Market Outlook
The global 5G enterprise market size reached nearly USD 4.74 billion in 2023. The market is projected to grow at a CAGR of 33.4% between 2024 and 2032 to reach a value of around USD 63.37 billion by 2032.
Key Trends in the Market
5G enterprise refers to a type of enterprise equipped with 5G technology. In other words, this type of enterprise uses 5G technology to meet an organisation’s demands, such as fast data speed, great connectivity of multiple devices, and lower latency, among others.
- 5G technology offers high bandwidth, increased reliability, and improved efficiency to enable easy management of large amounts of data, which is boosting its adoption across enterprises. In addition, the emergence of technologies, such as video analytics, AR/VR, and IoT, among others, is providing impetus to the 5G enterprise market growth.
- The heightening adoption of 5G technology by banking firms and fintech services to personalise customer experiences, understand customer behaviour patterns, and customise design offerings for clients in real-time is one of the key 5G enterprise market trends.
- The rapid expansion of the Industry 4.0 is a major market driver. The growing use of industrial robots, artificial intelligence (AI), and connected sensors, among others, is further boosting the deployment of 5G across enterprises.
Market Analysis
Based on communication infrastructure type, the 5G enterprise market segmentation includes 5G radio access networks, 5G core networks, and transport networks. On the basis of enterprise type, the market is classified into IT and telecommunication, BFSI, retail and e-commerce, and manufacturing, among others. The major regional markets for 5G enterprise include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global 5G enterprise market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Cisco Systems, Inc.
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- NEC Corporation
- Samsung Electronics
- Verizon Communications
- Juniper Networks, Inc.
- Others
Market Share by Enterprise Type
The manufacturing sector accounts for a significant portion of the 5G enterprise market share. 5G-enabled devices are witnessing a heightened demand in the manufacturing sector to facilitate the remote monitoring of production assets and the maintenance and management of devices.
In addition, the low latency and stable connectivity of 5G technology enables reality troubleshooting, which leads to effective and quick repair of manufacturing devices and equipment. Moreover, the growing use of 3D printing in the manufacturing sector is likely to propel the demand for 5G infrastructure across warehouses and manufacturing units in the forecast period.
Market Share by Region
According to the 5G enterprise market analysis, the Asia Pacific is likely to robustly grow in the forecast period owing to the increasing number of 5G network subscription enterprises across Southeast Asian nations such as Thailand and Malaysia. Additionally, various organisations are leveraging the benefits of 5G infrastructure, such as safety, security, and quick data access, to enhance their productivity and profitability.
Meanwhile, North America is significantly contributing to the 5G enterprise market demand, which can be attributed to the surging cloud-based enterprise applications in the region.
Competitive Landscape
Cisco Systems, Inc. is a multinational digital communications technology company which offers solutions related to networking, cloud, and cyber security, among others. It was founded in 1984 and is headquartered in California, the United States.
Telefonaktiebolaget LM Ericsson is a leading telecommunications company which provides 5G network and telecommunication products and services to various businesses. It was established in 1876 and is headquartered in Stockholm, Sweden.
Huawei Technologies Co., Ltd. is a company which offers information and communication technology (ICT) infrastructure, along with smart devices. The company was founded in 1987 and is headquartered in Shenzhen, China.
Other market players include Nokia Corporation, NEC Corporation, Samsung Electronics, Verizon Communications, and Juniper Networks, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Communication Infrastructure Type |
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| Breakup by Enterprise Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global 5G Enterprise Market Analysis
8.1 Key Industry Highlights
8.2 Global 5G Enterprise Historical Market (2018-2023)
8.3 Global 5G Enterprise Market Forecast (2024-2032)
8.4 Global 5G Enterprise Market by Communication Infrastructure Type
8.4.1 5G Radio Access Networks
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 5G Core Networks
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Transport Networks
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global 5G Enterprise Market by Enterprise Type
8.5.1 IT and Telecommunication
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 BFSI
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Retail and E-commerce
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Manufacturing
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global 5G Enterprise Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America 5G Enterprise Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe 5G Enterprise Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific 5G Enterprise Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America 5G Enterprise Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa 5G Enterprise Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirate
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cisco Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Telefonaktiebolaget LM Ericsson
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Huawei Technologies Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nokia Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NEC Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Samsung Electronics
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Verizon Communications
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Juniper Networks, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global 5G Enterprise Market: Key Industry Highlights, 2018 and 2032
2. Global 5G Enterprise Historical Market: Breakup by Communication Infrastructure Type (USD Billion), 2018-2023
3. Global 5G Enterprise Market Forecast: Breakup by Communication Infrastructure Type (USD Billion), 2024-2032
4. Global 5G Enterprise Historical Market: Breakup by Enterprise Type (USD Billion), 2018-2023
5. Global 5G Enterprise Market Forecast: Breakup by Enterprise Type (USD Billion), 2024-2032
6. Global 5G Enterprise Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global 5G Enterprise Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America 5G Enterprise Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America 5G Enterprise Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe 5G Enterprise Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe 5G Enterprise Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific 5G Enterprise Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific 5G Enterprise Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America 5G Enterprise Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America 5G Enterprise Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa 5G Enterprise Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa 5G Enterprise Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global 5G Enterprise Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 4.74 billion in 2023.
The market is estimated to grow at a CAGR of 33.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 63.37 billion by 2032.
The emergence of Industry 4.0, the heightening adoption of 5G technology by banking firms and fintech services, and the thriving manufacturing sector are the major drivers of the market.
The key trends in the market include the emergence of technologies, such as video analytics, AR/VR, and IoT, among others, and the growing adoption of cloud-based software across enterprises.
5G radio access networks, 5G core networks, and transport networks are the different communication infrastructure types considered in the market report.
IT and telecommunication, BFSI, retail and e-commerce, and manufacturing, among others, are the major enterprise types included in the market report.
Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, NEC Corporation, Samsung Electronics, Verizon Communications, and Juniper Networks, Inc., among others, are the key market players.
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