5G Enterprise Market

Huawei (China) and Ericsson (Sweden) are the Important Player in the 5G Enterprise Market

The significant growth in data traffic and the billions of predicted connected devices demand mobile operators to consider alternative mobile network architectures to deliver more coverage and capacity at the right time and place. The 5G enterprise market is expected to be valued at USD 2.3 billion in 2020 and is projected to reach USD 31.7 billion by 2026, at a CAGR of 54.4%. Various players have adopted different strategies to strengthen their position in this market and ensure long-term growth and success. Major driving factors for this market include 5G enterprise connectivity platform is expected to enable several industries with a single network, unified 5G enterprise network is likely to boost cross-industry connection and industrial application development, and rising importance of software implementation is expected in the communication network.

The 5G enterprise market is highly competitive with a large number of global and regional market players. Partnerships & collaborations has been the key strategy adopted by industry players to grow in the 5G enterprise market, and expand their product portfolio and distribution network. Besides inorganic growth strategies, companies have adopted strategies such as product launches and developments in the 5G enterprises market. Huawei (China), Nokia Networks (Finland), and Samsung Electronics (South Korea) are among the leading market players that have adopted these strategies to develop their business. These companies operate worldwide and are engaged in the development of network equipment and products; they rely on their strong R&D capabilities and have launched several significant products.

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Huawei (China) is an important player in the 5G enterprise market; it is the frontrunner among network access equipment providers, primarily on the back of its R&D investment, product portfolio, market perception, and geographic reach. The company has R&D centers in 21 countries, including China, the US, Canada, the UK, India, Russia, and Turkey. It is among the major suppliers of network products to telecom and private network operators across the world. Its equipment has been a major part of LTE rollouts in China, Europe, East Asia, and many emerging markets. In terms of key business strategies in the 5G enterprise market, the company considers partnerships/collaborations important for its growth in addition to product launches and continuous enhancements of its existing products and investments in R&D. In February 2018, the company announced the launch of 3 Star 2.0 series, such as RuralStar 2.0, PoleStar 2.0, and TubeStar 2.0 solution. Each solution improves performance while streamlining site design, deployment, and operations and maintenance (O&M) to help operators and tower vendors effectively reduce their total cost of ownership (TCO).

Ericsson (Sweden) is another major player in the 5G enterprise network access equipment market as it works closely with various telecom companies. The company provides high-performing solutions for networks, IT & cloud, and media to the telecom industry. It aims to capture more market share as the market shifts from 3G to 4G. Moreover, the company aims to strengthen its position in the emerging 5G market. With its offerings, the company plans to expand and grow in utilities, transport, and public safety verticals. The company is aggressively adopting inorganic growth strategies, including agreements and partnerships. For instance, in November 2018, Ericsson announced a partnership with Norway-based telecom operator, Telenor, for 5G core network transformation. The partnership includes transforming Telenor’s core network in Sweden, Denmark, and Norway by deploying Ericsson Cloud Core solutions for 5G across several data centers.

Related Reports:

5G Enterprise Market by Access Equipment (Radio Node, Service Node, DAS), Core Network Technology (SDN, NFV), Services (Platform, Software), Organization Size (SME, Large Enterprises), End User (BFSI, Retail), and Geography - Global Forecast to 2026

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