Lucintel Forecasts the Global 5G Enterprise Market to Reach $22.2 billion by 2030

According to a market report by Lucintel, the future of the global 5G enterprise market looks promising with opportunities in the mobile robots (AGV), video analytics, drones, AR/VR, and communication applications. The global 5G enterprise market is expected to reach an estimated $22.2 billion by 2030 from $4.4 billion in 2024, at a CAGR of 31.1% from 2024 to 2030. The major drivers for this market are expanding use of various smart and efficient electronic gadgets, growing need for high-speed connectivity among enterprises, and rising development of smart cities globally to enhance living conditions.

A more than 150-page report to understand trends, opportunity and forecast in 5G enterprise market to 2030 by network type (hybrid networks, private networks, enterprise network, and CSP network), operator model (communication service provider and private enterprises), spectrum (licensed and unlicensed/shared), application (mobile robots (AGV), video analytics, drones, AR/VR, communication, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecast that private network is expected to witness highest growth over the forecast period because it uses 5G technology to offer specialized services and connectivity based on the unique requirements of the business.

Within this market, AR.VR will remain the largest segment due to growing popularity owing to its consistent speeds in the gaming sector, as well as, considering that leading manufacturers are currently using AR and VR technology for equipment maintenance and training applications.

Download sample by clicking on 5G enterprise market

North America will remain the largest segment over the forecast period because of increasing number of companies are using cutting-edge technologies, streamlining workflows, and utilizing data-driven insights to undertake a substantial digital transformation.

Huawei Technologies, Ericsson, Nokia Networks, Samsung, Hewlett Packard Enterprise, Microsoft, Oracle, Cisco, Ciena, Juniper Networks are the major suppliers in the 5G enterprise market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056

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