Security News > 2021 > January > Revenue for 5G enterprises in the Asia-Pacific region to reach $13.9B by 2024

These changes are pushing enterprises to transform and enable new use cases that are critical in supporting and optimizing enterprise business processes to improve business efficiency.

Given the strong demand for connectivity, the potential revenue for 5G enterprises in the region is expected to grow exponentially, reaching $13.9 billion by 2024 from $2 billion in 2019, at a staggering 46.4% compound annual growth rate.

"5G enterprises in Asia-Pacific are undergoing digital transformation at a more rapid pace to either optimize or enable business processes to keep up with the changing consumer demand," said Sofea Zukarnain, Information & Communication Technologies Research Analyst at Frost & Sullivan.

"However, these digital transformation initiatives will add pressure on existing networks, as new solutions will require higher bandwidth and availability to offer the necessary reliability, driving the need for enterprises to transform their network infrastructure. This will boost the demand for 5G enterprise solutions and new enabling technologies such as network slicing and edge computing."

Zukarnain added: "Network slicing will empower enterprises with end-to-end ownership of a slice of the 5G network that can be used for a specific use case. Further, there are many benefits to utilizing a slice of 5G, including the ability to provide enterprises with better control, management capability, and agility of the network so that it can optimize the usage of the network for enterprises."

Offering network slicing solutions to meet the demand for more bandwidth offered with SLAs.

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