Security News > 2021 > April > Worldwide 5G enterprise market to reach $10.9 billion by 2027

The 5G enterprise market is expected to grow from $2.1 billion in 2021 to $10.9 billion by 2027, at a CAGR of 31.8%, ResearchAndMarkets predicts.

Sub-6 GHz to hold a major share of the 5G enterprise market.

SMB enterprises projected to witness the highest CAGR. Small and medium-sized enterprises are projected to witness the highest CAGR for the forecasted period as they are intended to adopt 5G enterprise networks at a larger scale in coming years to enhance their business functionality by having a unified solution that would allow the management of the entire distributed set of networks with limited resources.

Communication applications held the largest market size owing to the successful commercialization of 5G networks worldwide and the growing adoption of the 5G network owing to its dynamic features such as high data rates and low latency.

Healthcare is expected to witness the highest CAGR. Healthcare is expected to witness the highest CAGR during the forecast period owing to the surging number of use cases and applications of 5G networks in the telemedicine market.

APAC to hold a major share of the 5G enterprise market.

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