The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s 5th Generation (5G) Enterprise Global Market Report 2024 offers crucial insights into the 5th generation (5G) enterprise market help businesses analyse and build stronger strategies.

Market Growth and Forecast

• The 5G enterprise market is experiencing rapid expansion, growing from $3.46 billion in 2023 to $4.62 billion in 2024 at a CAGR of 33.6%.
• Projected to reach $14.78 billion by 2028, with a CAGR of 33.7%, driven by industry 4.0 initiatives and digital transformation.

Driving Factors Behind Market Expansion

IoT Adoption Fuels Market Growth

• The rise in IoT devices significantly boosts the 5G enterprise market.
• IoT devices, equipped with sensors and connectivity, facilitate automation and real-time data transmission.
• By 2029, global IoT connections are expected to increase by 16% from 15.7 billion in 2023 to 38.9 billion.

Enhanced Connectivity and Technological Advancements

• Demand for better connectivity and industry-specific use cases propels the market.
• Regulatory support and advancements in technology play crucial roles.

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Trends Shaping the Future

Emerging Trends in the Forecast Period

• Private 5G networks adoption accelerates, providing customized solutions for enterprises.
• Integration of AI and IoT with 5G enhances capabilities and efficiency.
• Network slicing services emerge, offering tailored network experiences.
• Focus on green and sustainable 5G practices increases.
• Expansion of cross-industry collaboration drives innovation.

Key Players and Competitive Advantages

Major Companies in the 5G Enterprise Market

• Samsung, Microsoft, Verizon, AT&T, Huawei, Intel, Vodafone, Cisco, Qualcomm, Oracle, Ericsson, Nokia, and more.
• Companies focus on private 5G networks to meet specific communication needs.

Innovative Solutions by Industry Leaders

• In February 2024, Wipro and Nokia launched a joint private 5G solution for enterprises.
• This collaboration aims to drive digital transformation with enhanced connectivity and AI capabilities.

Strategic Acquisitions and Expansions

HPE’s Acquisition of Athonet

• In June 2023, HPE acquired Athonet to strengthen its edge-to-cloud solutions portfolio.
• This move positions HPE as a leader in next-gen infrastructure and services.
• Athonet specializes in private 5G technology for enterprises.

Market Segmentation and Regional Insights

Segmentation of the 5G Enterprise Market

1. By Network Type: Hybrid Networks, Private Networks, Enterprise Network, CSP Network
2. By Frequency Band: Sub-6GHz, mmWave
3. By Infrastructure: Access Equipment, Small Cells, E-RAN Equipment, Core Network, SDN, NFV
4. By Application: Mobile Robots, Video Analytics, Drones, AR/VR, Communication, Others
5. By Vertical: BFSI, Manufacturing, Energy and Utilities, Retail, Healthcare, Government, Transportation, Aerospace, Media, Office Buildings

Regional Dynamics

• North America: Largest market in 2023, driven by early adoption and technological advancements.
• Asia-Pacific: Fastest-growing region, fueled by digital transformation and economic recovery.

Conclusion
The 5G enterprise market is set for exponential growth, driven by IoT adoption, industry-specific solutions, and technological advancements. Major players are leveraging private networks and innovative solutions to gain a competitive edge. Strategic acquisitions, like HPE’s acquisition of Athonet, further enhance market capabilities. With rapid adoption of AI, IoT, and sustainable practices, the future of the 5G enterprise market looks promising, catering to the evolving needs of various industries globally.

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The 5th Generation (5G) Enterprise Global Market Report 2024  provides a comprehensive outlook of the 5th generation (5G) enterprise market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 5th generation (5G) enterprise market forecast offers a thorough analysis on 5th generation (5G) enterprise market size, 5th generation (5G) enterprise market share, prominent players and their strategies.

The Table Of Content For The 5th Generation (5G) Enterprise Market Include:
1. 5th Generation (5G) Enterprise Market Executive Summary
2. 5th Generation (5G) Enterprise Market Segments
3. 5th Generation (5G) Enterprise Market Size And 5th Generation (5G) Enterprise Market Growth Rate
4. Key 5th Generation (5G) Enterprise Market Trends
5. Major 5th Generation (5G) Enterprise Market Drivers
……
25. Key Mergers And Acquisitions In The 5th Generation (5G) Enterprise Market
26. Top 5th Generation (5G) Enterprise Companies
27. 5th Generation (5G) Enterprise Market Opportunities And Strategies
28. 5th Generation (5G) Enterprise Market, Conclusions And Recommendations
29. Appendix

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5G Technologies Global Market Report 2024
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