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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global 5G Enterprise Market Size
The global 5G enterprise market reached nearly USD 4.31 billion in 2023. The market is projected to grow at a CAGR of 30.0% between 2024 and 2032 to reach a value of around USD 45.50 billion by 2032.
| Global 5G Enterprise Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 4.31 |
| Market Size 2032 | USD Billion | 45.50 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 30.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 33.5% |
| CAGR 2024-2032 - Market by Country | India | 37.6% |
| CAGR 2024-2032 - Market by Country | China | 33.8% |
| CAGR 2024-2032 - Market by Frequency | Sub-6Ghz | 31.7% |
| CAGR 2024-2032 - Market by Organization Size | Small and Medium-sized Enterprises | 32.2% |
| Market Share by Country 2023 | Japan | 5.8% |
5G Enterprise Market Outlook
- As per industry reports, in the first half of 2023, 5G availability varied significantly across selected markets in Asia Pacific and Europe.
- Hong Kong (SAR) led with 42.3% availability, demonstrating the region's advanced infrastructure and early adoption of 5G technology.
- As per 5G enterprise market analysis, Australia's 5G availability was substantial at 36.6%, reflecting its commitment to enhancing digital connectivity.
5G Enterprise Market Report Snapshots
5G Enterprise Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The 5G enterprise market reached a value of nearly USD 4.74 billion in 2023.
The market is estimated to grow at a CAGR of 30.0% 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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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124