5G Enterprise Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The 5G enterprise market is segmented by communication infrastructure type (5G radio access networks, 5G core networks, and transport networks), enterprise type (IT and telecommunications, BFSI, retail and e-commerce, manufacturing, healthcare, consumer goods and retail, and utilities), and geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

5G Enterprise Market Size

5G Enterprise Market Summary
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Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 42 %

Major Players

5G Enterprise Market Major Players

*Disclaimer: Major Players sorted in no particular order


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5G Enterprise Market Analysis

During the time frame of the forecast, the 5G Enterprise Market is expected to register a healthy CAGR of over 42%. The 5G enterprise market is expected to change the way industries that are already moving toward the Industrial Revolution 4.0 connect their devices.Through the rise of IoT and machine-to-machine connections, Industrial Revolution 4.0 is making it easier for cell phones to connect to everything in the industry.

  • Connected manufacturing with M2M applications, the IIoT, and robotics, to name a few, would use 5G by making the machines on the assembly line wirelessly connected to the private 5G network.However, the use of wireless for control applications is still at a nascent stage.
  • Another significant adoption is expected to be led by offshore oil platforms. These platforms have difficulty providing connectivity by wired means, that is, running a cable from the platform to the shore. Therefore, oil platforms have been tormented with lower speeds and intermittent connectivity for many years.
  • Based on Ericsson's 5G for Business 2030 Market Compass, which looked at more than 200 use cases, ten different industries, and a set of 5G-enabled use case clusters, 18% of the total ICT can be used to digitalize industries, and service providers would take up 47% of the 5G-enabled B2B value.
  • Multi-access edge computing (MEC) is assisting further developments to enable high-bandwidth, low-latency enterprise applications.Also, both equipment and service providers in the market that was looked at have made their products and services fit a variety of problems.
  • For instance, AT&T highlighted mobile 5G, fixed wireless, and edge computing as the three main service pillars of 5G. With its offering of an AT&T Multi-access Edge Compute (MEC), the company facilitates this edge computing solution to deploy a software-defined network. With this, the enterprise clients would have faster access to data processing and flexibility in managing cellular traffic via low-latency, high-bandwidth capabilities.
  • Moreover, in April 2022, the Department of Telecommunications (DoT) in India issued an Expression of Interest (EoI) call for the 5G vertical engagement and partnership program (VEPP) initiative, which aims to forge rapid partnerships between the various stakeholders in the 5G ecosystem and address the needs of users and vertical industries.
  • Businesses, regional governments, and other groups in the region should have more options for local and private 5G networks if they take these steps.By using the O-RAN open interface, problems caused by proprietary specifications and lack of interoperability may be solved.
  • But when COVID-19 broke out, it had an effect on both 5G rollouts and readiness. Some countries put off their spectrum auctions, and a few others put in place rules about how spending should be prioritized.

5G Enterprise Industry Segmentation

5G is expected to make possible many uses that aren't possible with 4G alone, such as better mobile broadband, mission-critical control, and a lot of IoT applications. It should be able to grow and use less energy so that it can keep up with the steady growth of new connections and advanced technologies. As the technology hasn't been fully made available to the public yet, the top companies are learning about its basics.

The 5G enterprise market is segmented by communication infrastructure type (5G radio access networks, 5G core networks, and transport networks), enterprise type (IT and telecom, BFSI, retail and e-commerce, manufacturing, healthcare, consumer goods and retail, and utilities), and geography (North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Communication Infrastructure Type
5G Radio Access Networks
5G Core Networks
Transport Networks
By Enterprise Type
IT & Telecommunication
Retail and Ecommerce
Other End-user Industries (Healthcare, Consumer Goods and Retail, Utilities, etc.)
North America
Rest of the World

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5G Enterprise Market Trends

Adoption of 5G Enterprise in IT and Telecom Sector to Drive the Market Growth

  • With the 5G networks rolling out, telecom players and market vendors have been gearing toward this shift. Major telecom service providers are upgrading their network to 5G, which primarily relies on denser arrays of small antennas to provide ultra-high network and data speeds.
  • According to the 2022 Ericsson Mobility Report, there will be 4.4 billion 5G subscribers by the end of 2027. This is almost 48% of all mobile subscriptions around the world.Ericsson says that the number of 5G users with a 5G-capable device has grown by 70 million to about 690 million around the world.
  • In May 2022, BT and Ericsson announced a new partnership to make commercial 5G private networks available in the UK market. A multi-year agreement between the two companies will allow BT to market and sell next-generation mobile network technology products to corporations and institutions in industries like manufacturing, the military, education, retail, healthcare, transportation, and logistics.
  • The market would witness demand for voice-over 5G services, evolving from non-standalone to standalone 5G. It will allow operators to deliver high-quality voice service without relying on VoLTE (Voice over LTE) or an LTE anchor. ​
  • The market is witnessing high adoption across the developed economies across the globe. For instance, US private service providers collaborate with cities to roll out 5G pilot networks and innovation labs.
5G Enterprise Market  : 5G mobile subscriptions worldwide 2019-2027, in Million

North America Holds Maximum Market Share

  • Cloud-based enterprise applications are thriving in the North American region. The cloud-based solutions depend on internet connectivity to function in the hosted environment, and with 5G enabling much faster internet speed, it may further enhance the connectivity experience. The increase in demand for advanced technologies, such as machine-to-machine communication, connected cars, and artificial intelligence, is highest in the region compared to other regions. Hence, it is anticipated to offer massive opportunities for the 5G enterprise market to grow.
  • Ericsson says that by the end of 2025, there will be 318 million 5G mobile subscriptions, which is more than 80% of all mobile subscriptions in North America. This may increase the demand for 5G networks even more.
  • So, to meet the needs of future 5G services in terms of capacity, coverage, and efficiency, network operators in the United States are investing in their networks to get the best performance at the lowest cost per bit. They are doing this by using new technologies like network function virtualization (NFV) and software-defined networking (SDN) to make their networks as efficient as possible.
  • Low-latency communication is important for the on-board computers of self-driving cars to be able to let other cars, obstacles, traffic lights, and other cars know they are there and react to them.5G-powered connected cars give mobile operators a new way to make money. Most US operators already offer platforms for connected cars, and AT&T is the leader in this field.

As IoT sensors become more common, it is also thought that 5G will make the retail supply chain more open and efficient. According to the GSMA, the North American IoT industry will have 5.9 billion connections by 2025.

5G Enterprise Market - Growth Rate by Region

5G Enterprise Industry Overview

The 5G enterprise market is moderately competitive and consists of a few players. However, with advancements in network architecture across the telecommunications sector, new players are increasing their market presence, thereby expanding their business footprint across the emerging economies. Some of the recent developments in the market are:

In March 2022, Tata Consultancy Services will debut its Enterprise 5G Edge portfolio of products, which includes private mobile edge computing on Microsoft Azure. The TCS package combines complete capabilities to assist organizations in designing, integrating, implementing, and operating an enterprise 5G edge ecosystem using the Azure private MEC solution and leveraging edge computing benefits for 5G applications.

With the opening of a new 5G experience center in Atlanta, Ga., in October 2022, Cognizant and Qualcomm Technologies, Inc. will be able to do more to drive digital transformation in business. Qualcomm Technologies' intelligent edge devices, AI, and 5G connectivity solutions will be combined with Cognizant's extensive knowledge of 5G, IoT, the cloud, and data analytics.

5G Enterprise Market Leaders

  1. Cisco System Inc.

  2. Telefonaktiebolaget LM Ericsson

  3. Huawei Technologies Co. Ltd.

  4. NEC Corporation

  5. Samsung Group

*Disclaimer: Major Players sorted in no particular order

5G Enterprise Market Concentration

5G Enterprise Market News

  • March 2022: STL, ASOCS, and VMWare announced the launch of the industry's first end-to-end 5G enterprise solution to address the growing demand for private 5G enterprise connectivity for campus, industrial, and venue applications.
  • January 2022: Nokia and Tech Mahindra have announced their partnership to deploy 5G-based solutions for business organizations. Tech Mahindra will use Nokia's private wireless DAC (digital automation cloud) solution for clients across sectors as part of this agreement to help automate 5G. Private wireless network management on a cloud computing system, with the ability to implement Internet of Things technologies.

5G Enterprise Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 MEC and 5G Industry Analysis (Technical Standards (System Architecture), Applications and Trends)

    4. 4.4 Assessment of Impact of COVID-19 on the 5G Enterprise Industry


    1. 5.1 Market Drivers

      1. 5.1.1 Release of Unlicensed Spectrum for Industry Verticals

      2. 5.1.2 Development of Programmable Platforms for New Applications

      3. 5.1.3 Adoption of 5G Enterprise in IT and Telecom Sector

    2. 5.2 Market Challenges

      1. 5.2.1 Lack of Technical Skill

      2. 5.2.2 Costs and Set-up Complexity across Deployment and Service of Private 5G Networks

    3. 5.3 Market Opportunity

      1. 5.3.1 Increased Government Investment to Upgrade Critical Infrastructures


    1. 6.1 By Communication Infrastructure Type

      1. 6.1.1 5G Radio Access Networks

      2. 6.1.2 5G Core Networks

      3. 6.1.3 Transport Networks

    2. 6.2 By Enterprise Type

      1. 6.2.1 IT & Telecommunication

      2. 6.2.2 BFSI

      3. 6.2.3 Retail and Ecommerce

      4. 6.2.4 Manufacturing

      5. 6.2.5 Other End-user Industries (Healthcare, Consumer Goods and Retail, Utilities, etc.)

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Rest of the World


    1. 7.1 Company Profiles

      1. 7.1.1 Cisco System Inc.

      2. 7.1.2 Telefonaktiebolaget LM Ericsson

      3. 7.1.3 Huawei Technologies Co. Ltd.

      4. 7.1.4 Nokia Networks

      5. 7.1.5 NEC Corporation

      6. 7.1.6 Samsung Group

      7. 7.1.7 ZTE Corporation

    2. *List Not Exhaustive


**Subject to Availability
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5G Enterprise Market Research FAQs

The 5G Enterprise Market is studied from 2018 - 2028.

The 5G Enterprise Market is growing at a CAGR of 42% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2022.

Cisco System Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., NEC Corporation , Samsung Group are the major companies operating in 5G Enterprise Market.

5G Enterprise Industry Report

Statistics for the 2023 5G Enterprise market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 5G Enterprise analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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