An increasing number of organisations has been opting for 5G enterprise solutions to take their communication capabilities to the next level and reap the maximum benefit from the next-gen technologies. This is expected to act as the key factor driving global 5G enterprise market. Fairfield Market Research in its latest research study attempts to uncover the current, and futuristic growth scenario of 5G enterprise market at the global level. There has been an unprecedentedly growing need for effective, efficient, and more interactively fruitful business communication, as well as data service enabled by technologies like Internet of Things (IoT), and Artificial Intelligence (AI). The report indicates attractive revenue generation opportunities from this shift, for 5G enterprise solution providers.  

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COVID-19 Pandemic Bodes Well for 5G Enterprise Adoption

While the COVID-19 pandemic has proven to be a hard-hitting crisis for a majority of industries worldwide, it has served the other way round for 5G communication technology, and its allied sectors. For 5G enterprise market, the viral outbreak has been a defining moment and has witnessed solid growth in rate of adoption among businesses seeking easier operability. Even governments have been playing an important role in promoting 5G network to accelerate 5G connectivity, and 5G enterprise. The overnight entry of remote working/work from home model into the mainstream of business operations has augured well for the establishment and progress of 5G enterprise solutions. 

Licensed Spectrum Dominant, Demand for Shared Spectrum Grows Strong

Licensed spectrum is likely to remain the most preferred one in 5G enterprise market as it allows businesses to enjoy high-quality connectivity at reduced costs even if an organisation has newly added resources. It also ensures high-level security. On the other hand, the shared/unlicensed counterpart is also expected to experience growing demand among smaller companies as it aligns with the rising adoption of the cost-effective unlicensed infrastructure that allows standalone operation.

Large-scale Businesses Remain at the Forefront of Adoption

While large-scale organisations currently register the maximum adoption of 5G enterprise, the trend is likely to continue over the course of foreseeable future. With a greater number of large enterprises augmenting their investments in 5G network connectivity with an objective to cater to the ascending need for high-speed Internet, dominance of large-scale organisations in 5G enterprise market will prevail. Research however also points to a growing opportunity for 5G enterprise solution providers in small and medium enterprises as they increasingly consider adopting IoT, IA, and the likes to scale up their digital transformation. 

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Asia Pacific Holds Highly Lucrative Opportunities

Initial findings of research suggest that Asia Pacific will remain the most lucrative market for key providers of 5G enterprise solutions. The market here is likely to benefit from the region’s notable economic growth, rapid developments in the telecommunication sector, exploding investments in 5G technology, and a large number of small and mid-sized enterprises springing up over the recent past across the region. As more organisations consider heavy investments in 5G enterprise solutions to sustain the growing competition, 5G enterprise market is poised for a healthy growth outlook in Asia Pacific. Strong growth in modernisation of telecom networks like 5G is also expected to be the key factor responsible for driving 5G enterprise market growth in the region. 

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