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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
5G Enterprise Market Trends
One of the key trends found within the 5G enterprise industry is an increased acceptance of private 5G networks. Most companies are starting to invest in their own dedicated 5G infrastructure so that they get better control over current concerns regarding security, performance, and network customization. The growing interest in private 5G networks is driven by the fact that different kinds of businesses are considering it as the right solution to improve data privacy, transmit large amounts of data at very high speeds, and ensure reliable communication for mission-critical applications. The use of a private 5G network enables an enterprise to optimise its operations, providing a base for advanced technologies like IoT and automation, increasing productivity in the process, and thereby aiding the demand of the 5G enterprise market.
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
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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