Global 5G enterprise market to reach $83.45 billion by 2031

The global 5G enterprise market will reach $83.45 billion by 2031, growing by 36.5% annually over 2021-2031, according to Research and Markets.

The growth of the market will be driven by the rising demand for efficient communication and increasing penetration of 5G networks, the emergence of Industry 4.0, the development of smart infrastructure, and the delivery of differentiated 5G services using network slicing technique.

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global 5G enterprise market in every aspect of the classification from perspectives of Component, Network Type, Frequency, Spectrum, Organization Size, Application, Industry Vertical, and Region.

The global market is segmented into the following sub-markets:

Component

• Radio Node
• Hardware & Equipment
• Service Node (E-Ran Solutions)
• Distributed Antenna System (DAS)
• Software & Platform
• Software-Defined Networking (SDN)
• Network Functions Virtualization (NFV)

Network type

• Private Networks
• Hybrid Networks
• Enterprise Networks
• Communication Service Provider (CSP) Networks

Frequency

• Sub 6Ghz
• mmWave

Spectrum

• Licensed
• Unlicensed/Shared

Organization size

• Small and Medium-sized Enterprises
• Large Enterprises

Application

• Communication
• Mobile Robots
• Video Analytics
• AR/VR
• Other Applications

Industry vertical

• IT & Telecom
• Manufacturing
• BFSI
• Energy and Utility
• Retail & E-commerce
• Media & Entertainment
• Government and Public Sector
• Healthcare
• Other Industry Verticals

CT Bureau