5G Enterprise Market Updates

Global 5G Enterprise Market size was valued at USD 3.31 billion in 2023 and is poised to grow from USD 4.39 billion in 2024 to USD 41.66 billion by 2032, growing at a CAGR of 32.5% during the forecast period (2025-2032).

5G enterprise companies are projected to focus on launching new private network solutions to maximize their business scope. Providing custom 5G enterprise networks can also help market players stand out from their competition in the future. Collaborations are estimated to emerge as highly crucial strategies for new as well as established 5G enterprise providers in the long run. 'AT&T', 'Ericsson', 'Huawei Technologies Co. Ltd.', 'Juniper Network', 'Fujitsu', 'NEC Corporation', 'Comba Telecom Systems Holdings Ltd.', 'Nokia Corporation', 'Samsung ', 'Airspan', 'Broadcom', 'Commscope', 'SK Telecom', 'Verizon Communications LTD', 'ZTE Corporation'

Increasing digital transformation and growing reliance on high-speed internet for communications and ultra-fast data transmission with low latency are bolstering the demand for 5G enterprise. Moreover, adoption of 5G enterprise solutions can also help organizations improve the operations of solutions such as cloud computing, AI, and IoT integration.

Use of Network Slicing: Network slicing allows enterprises to create virtual networks customized for specific applications. Enterprises are focusing on creating different private 5G networks to improve the management and allocation of different resources. This helps companies to enhance their operations and thereby also improve profitability in the long run.

North America is forecasted to account for a substantial share of the global 5G enterprise industry going forward. High demand for better connectivity, rising adoption of cloud technologies in businesses, and increasing use of network function virtualization (NFV) and software-defined networking (SDN) are expected to bolster the dominance of North America. The United States and Canada are slated to emerge as the most opportune markets for 5G enterprise companies focusing on making a mark in this region through 2032 and beyond. Increasing popularity of autonomous vehicles and connected vehicles are also slated to bolster the demand for private 5G networks for businesses.