According to the research report titled ‘Global 5G Enterprise Market Size study, By Network Type (Hybrid Networks, Private Networks, Enterprise Network, CSP Network), By Infrastructure (Access Equipment, Small Cells, E-RAN Equipment (Service Node), Core Network, SDN, NFV), By Organization Size (Small And Medium-Sized Enterprises (Smes), Large Enterprises), By Application (Mobile Robots (AGV), Video Analytics, Drones, AR/VR, Communication, Others), By Vertical (BFSI, Manufacturing, Energy & Utilities, Retail, Healthcare, Government And Public Safety, Transportation And Logistics, Aerospace & Defense, Media & Entertainment, Office Buildings), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global 5G enterprise market is expected to record significant growth through 2028.

The growing smart infrastructure, the emergence of Industry 4.0 and mMTC (Massive Machine-Type Communications), and widespread usage of network slicing to deliver customized 5G services are some of the primary factors that are driving the expansion of global 5G enterprise market.

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For the uninitiated, the basic architecture of core networks can be transformed with the aid of 5G tecnologies, which also improves virtualization, automation, and AI capabilities.  With the use of cutting-edge technology, businesses will now be able to offer a wide range of services thanks to 5G enterprise, which in turn is facilitating the overall business outlook.

Apart from this, rising initiatives for the 5G infrastructural development by various government bodies, increasing demand for private networks, and the improving economic conditions emerging nations will contribute toward the overall market expansion as well.

However, the high initial capital investment and security concerns related to the 5G networks are expected to impede the overall market growth over the forecast period.

Based on network type, the market is divided into CSP networks, enterprise networks, private networks, and hybrid networks.

Moving on to the infrastructure gamut, global 5G enterprise industry is categorized into NFV, SDN, core network, E-RAN equipment (service node), small cells, and access equipment. In terms of organization size, the market is segregated into large enterprises and small & medium-sized enterprises.

Citing the application landscape, the industry is fragmented into communication, AR/VR, drones, video analytics, mobile robots (AGV), and others.

As per vertical reach, the market is bifurcated into office buildings, media & entertainment, aerospace & defense, transportation & logistics, government & public safety, healthcare, retail, energy & utilities, manufacturing, and BFSI segments.

From the regional point of view, North America is expected to hold the largest share in global 5G enterprise industry by the end of the forecast period, owing to the growing expenditure on technological advancements.

Meanwhile, Asia-Pacific market is anticipated to register the highest CAGR in subsequent years, due to rising per capita income, surging demand for the smartphone, and the rapid proliferation of the internet.

The major companies operating in the global 5G enterprise market are Hewlett Packard Enterprise Company, Ciena Corporation, Juniper Networks Inc., Cisco Systems Inc., Oracle Corporation, ZTE Corporation, Samsung Co. Ltd., Nokia Networks, Telefonaktiebolaget LM Ericsson, and Huawei Technologies Co. Ltd.