The global 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research. The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with
updated and latest technology is very speedy and when combining with new
innovative technologies such as Internet of things and smart manufacturing
capabilities are going to generate a whole exquisite experience for the
customer. They will establish new connectivity, which will assist the
businesses to widen their capabilities.
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Recent developments in the market include X50 (baseband), X55
(baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos
5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510. These
instruments offer new and advanced technological features and supports 5G NR
radio interference.
The prominent factors favoring the global market growth include
rising demand of smartphones with advanced features and increasing demand for
single network to allow several industries coupling with increasing new
developments.
For instance, in February 2019, Infosys declared that they have
commenced a 5G technology as a service to form their own distribution network.
This will assist the big firms to establish their own economic world by
utilizing 5G technology. 5G Living labs will originate at Indianapolis,
Bengaluru, Frankfurt, Richardson, and Melbourne.
Market participants such as Affirmed Networks, Airspan Networks,
American Tower, AT&T Inc., China Mobile, Ciena Corporation, Cisco Systems
Inc., Comba Telecom Systems, Commscope, EE Limited (BT Group), Ericsson,
Extreme Networks, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies Co.,
Juniper Networks, Korea Telecom, Mavenir, NEC, Nokia, Qualcomm Technologies
Inc., Samsung, SK Telecom Co. Ltd., T-Mobile, Verizon Communications, VMware,
Inc., ZTE Corporation are some of the key players operating in the global
market.
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Players in the market are focusing on new product launches,
increasing expansions, collaborations and partnerships to enhance their market
share and product portfolio. For instance, in October 2018, Fujitsu Limited and
Ericsson signed a contract to supply end-to-end 5G network solutions and
associated services under a strategic partnership. The partnership focused to
invent 5G solutions based on their integrated portfolios, for the ongoing 5G
network project in Japan, connecting telecom service providers to the 5G
ecosystem across the globe.
