ID: PMRREP32309| Upcoming | Format: PDF, Excel, PPT* | Semiconductor Electronics
5G will enable companies to develop new experiences and communicate in innovative ways, transform business work, play, and address several long-standing issues, some of which have not been yet established.
Companies are rushing into the 5G investments because 5G ecosystems fulfill the need of modular or flexible architectures, but it also provides smart insights for better decision-making. However, these specifications can only be met with an advanced 5G standards-based connectivity system.
In the industries that are already moving into the industrial revolution 4.0., the 5G enterprise industry is supposed to revolutionize the field of connected devices. With the development of IoT and machine-to-machine connections, the industrial revolution 4.0 facilitates wireless communication across the industry. The 5G enterprise market is witnessing tremendous growth due to the rising demand for high speed and better network connectivity.
Increased mobile penetration and the deployment of services such as 5G LTE are expected to drive demand for BYOD in both developed and advanced economies. When workers are more familiar with their own personal devices, they can execute tasks more effectively, which in turn, increase job efficiency.
In order to explore ways of becoming more adaptable and scalable, companies need to look into the future. 5G networking will have a huge effect on business mobility and will offer some substantial benefits to remote employees. Such action is expected to extend the possibilities of the 5G network for businesses over forecasted period.
According to the Cisco system, the BYOD trend allows companies to save USD 350 on each employee, annually.
Companies operating in the 5G enterprise market are increasingly investing in research and development to develop new and innovative techniques to provide 5G enterprise during forecasted period. The 5G enterprise market is highly fragmented with the presence of numerous manufacturers in both developed and developing regions. Key players such as Cisco System, Juniper Networks, Ciena Corporation, Mavenir, Huawei Technologies Co., Ltd, Ericsson, Nokia Networks and others
The manufacturers involved in the production of 5G Enterprises are carrying out different expansion strategies for increasing their market share in the global 5G Enterprise. Key players are adopting strategies that help them to increase their customer base.
In August 2019, Huawei has partnered with Changhong Holding Company, AI-Link, and China Mobile Group System Quectel. The aim of the partnership is to launch 5G+8K media modules, 5G industrial modules, and more modules. To assist module vendors in developing commercial modules, the company decides to offer standard 5G pre-module for vertical industries and the consumer market.
In September 2020, Ericsson has decided to acquired Cradlepoint, the company known for 4G and 5G Enterprise Wireless Edge WAN solutions. The combined package would create valuable new consumer revenue streams by promoting complete 5G-enabled business services and improving network investment returns.
Wireless Wide Area Network (WAN) Edge solutions link via 4G and 5G to provide easy, secure, and versatile connectivity for businesses, mobility, and essential frontline emergency services wherever and whenever needed. Cradlepoint is well placed in a market with 25-30 percent underlying growth.
The growing penetration of smartphones in the developed economies is to provide growth opportunity for the 5G enterprise. The market for mobile data services is growing due to the availability of multiple subscriptions. High demand for 5G smartphones coupled with high-speed internet access after 5G network connectivity, which is expected to be a key factor for the industry.
For instance, The GSM Association (GSMA) expected to reach 1.1 billion for 2025, 12% of total mobile connections. This means operator revenues are expected to rise at a CAGR of 2.5 per cent, to hit USD 1.3 trillion by 2025.
In the U.S., cloud-based business apps attributes growth for the 5G enterprise market. Cloud-based solutions rely on internet access to operate in the hosted environment, which will further improve the connectivity experience, with 5G allowing even faster internet speed.
The rise in demand for advanced technologies such as connectivity between machine-to-machine, connected cars and artificial intelligence will also fuel demand for 5G enterprise in the coming years. For instance, according to the Ericsson, the 5G mobile subscription is projected to hit 318 million by the end of 2025, which is more than 80% penetration of all mobile subscriptions in the U.S., which will further fuel the market for 5G Enterprise during forecasted period.
India’s population is expected to overtake that of China by 2030. More than 99 per cent of smartphones sold in India are locally produced. The 5G has the potential to turn, India’s game with help of Digital India ,Make in India, Digital India, and Atmanirbhar Bharat. 5G enterprise would offer tremendous benefits, at least for the next decade, to the Indian armed forces.
It is generally considered to be state-of-the-art technology with a bearing on military operations. For instance, the impact of 5G on electronic defense systems. These electronics are part of communications-impacting terrestrial radar networks and human-portable radio sets.
The COVID-19 pandemic has caused thousands of businesses around the world to switch from an office-based business model to a home model remote job. In fact, just recently, Google announced that by July 2021, almost all of its employees would be working from home. Analysts expect that even after the coronavirus threat dissipates, remote work is here to stay, as several companies have produced.
Owing to social distancing, containment, and work-from-home arrangements, this is the key consequence that allow business to rethink for business operation models. The sudden shift in the workplace has opened up many avenues for transformation that require ultra-high-speed connections in employee residences, video and mixed channels.
5G enterprise technology has offer various performance benefits over 4G, which includes a higher data rate of up to 20 GB per second, 20 times faster than the overall peak speed of 1 GB per second of 4 G LTE. As 5G networks expand and evolve, content can load much more quickly and increase network capacity.
5G service and 5G-compatible smartphone, ideal for creating the redundancy that is necessary for full efficiency in the workplace. This is also a great way to leverage the power of the 5G internet for home use, as internet service providers are a little behind mobile service providers in terms of their power.
Based on access equipment, the 5G Enterprise market has been segmented as
Based on core technology, the 5G Enterprise market has been segmented as
Based on solutions, the 5G Enterprise market has been segmented as
Based on end-user, the 5G Enterprise market has been segmented as
Based on the region, the 5G Enterprise market has been segmented as
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