PUBLISHER: Lucintel | PRODUCT CODE: 1417112
PUBLISHER: Lucintel | PRODUCT CODE: 1417112
The future of the global 5G enterprise market looks promising with opportunities in the mobile robots (AGV), video analytics, drones, AR/VR, and communication applications. The global 5G enterprise market is expected to reach an estimated $22.2 billion by 2030 with a CAGR of 31.1% from 2024 to 2030. The major drivers for this market are expanding use of various smart and efficient electronic gadgets, growing need for high-speed connectivity among enterprises, and rising development of smart cities globally to enhance living conditions.
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Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G enterprise companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G enterprise companies profiled in this report include-
Lucintel forecast that private network is expected to witness highest growth over the forecast period because it uses 5G technology to offer specialized services and connectivity based on the unique requirements of the business.
Within this market, AR.VR will remain the largest segment due to growing popularity owing to its consistent speeds in the gaming sector, as well as, considering that leading manufacturers are currently using AR and VR technology for equipment maintenance and training applications.
North America will remain the largest segment over the forecast period because of increasing number of companies are using cutting-edge technologies, streamlining workflows, and utilizing data-driven insights to undertake a substantial digital transformation.
Market Size Estimates: 5G enterprise market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: 5G enterprise market size by various segments, such as by network type, operator model, spectrum, application, and region in terms of value ($B).
Regional Analysis: 5G enterprise market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different network type, operator model, spectrum, application, and regions for the 5G enterprise market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G enterprise market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q.1 What is the 5G enterprise market size?
Answer: The global 5G enterprise market is expected to reach an estimated $22.2 billion by 2030.
Q.2 What is the growth forecast for 5G enterprise market?
Answer: The global 5G enterprise market is expected to grow with a CAGR of 31.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the 5G enterprise market?
Answer: The major drivers for this market are expanding use of various smart and efficient electronic gadgets, growing need for high-speed connectivity among enterprises, and rising development of smart cities globally to enhance living conditions.
Q4. What are the major segments for 5G enterprise market?
Answer: The future of the global 5G enterprise market looks promising with opportunities in the mobile robots (AGV), video analytics, drones, AR/VR, and communication applications.
Q5. Who are the key 5G enterprise market companies?
Answer: Some of the key 5G enterprise companies are as follows.
Q6. Which 5G enterprise market segment will be the largest in future?
Answer: Lucintel forecast that private network is expected to witness highest growth over the forecast period because it uses 5G technology to offer specialized services and connectivity based on the unique requirements of the business.
Q7. In 5G enterprise market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest segment over the forecast period because of increasing number of companies are using cutting-edge technologies, streamlining workflows, and utilizing data-driven insights to undertake a substantial digital transformation.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.