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5G Enterprise Market by Network Type, Operator Model, Infrastructure, Spectrum, Frequency Band, Organization Size, Application, Vertical and Region - Global Forecast to 2027 - ResearchAndMarkets.com

·4 min read

The "5G Enterprise Market by Network Type (Hybrid Network, Private Network), Operator Model, Infrastructure, Spectrum, Frequency Band, Organization Size, Application, Vertical, Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

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

Sub-6 GHz is attributed to hold a major share of the 5G enterprise market during the forecast period

Sub-6 GHz held a larger market share in 2020 as it offers an amalgamation of coverage and capacity benefits to 5G users. The Sub-6 GHz spectrum is needed for extensive coverage of high-speed 5G mobile broadband across urban, suburban, and rural areas, as well as help support IoT services. It is essential that regulators assign as much coherent spectrum as possible in the 3.3-3.8 GHz range and consider the 4.5-5 GHz and 3.8-4.2 GHz ranges for mobile use.

Small and medium-sized enterprises are projected to witness the highest CAGR for the forecasted period

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 (provisioning, monitoring, and control) of the entire distributed set of networks with limited resources.

Communication applications held the largest market size in 2020

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 during the forecast period

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. For the healthcare sector, the 5G network infrastructure facilitates HD video calls and images. 5G network works at high speed; in other words, it has low latency time, which is an essential requirement of healthcare institutions, hospitals, and life science research centers for multiple applications and use cases, such as connected health devices, mHealth, and telemedicine, thereby enabling interaction between patients, doctors, medical experts, and scientists that are present at remote locations, as well as share digital images wirelessly from any site.

APAC is attributed to hold a major share of the 5G enterprise market throughout the forecast period

APAC is a diversified region with its countries transitioning toward their digital transformation. The region is set to dominate 5G, edge computing, blockchain, and 5G core technologies owing to its size and diversity, as well as due to strategic lead taken by countries, including Singapore, South Korea, China, Australia, and Japan. Japan and China are the largest manufacturing economies that produce automobiles, IT products, and electronic products in APAC. The manufacturing paradigm has changed considerably in APAC, with industries adopting advanced technologies, such as robotics and big data analytics. South Korea, China, and Japan are the prime countries in the region that have started several 5G-related activities.

Market Dynamics

Drivers

  • Emergence of Industry 4.0 Paving Way for Mmtc

  • Development of Smart Infrastructure

  • Delivery of Differentiated 5G Services Using Network Slicing Technique

Restraints

  • Adoption of Wi-Fi Communication Technology by Enterprises

  • Security Concerns in 5G Core Network

Opportunities

  • Low Latency Connectivity with Urllc

  • Increasing Demand for Private 5G Networks from Various Enterprises and Government Organizations for Mission-Critical Applications

Challenges

  • Requirement for High Spending Capability of Carriers to Set Up 5G Infrastructure

Companies Mentioned

  • Affirmed Networks (Microsoft)

  • Airspan Networks

  • American Tower

  • AT&T

  • Celona

  • Ciena

  • Cisco

  • Comba Telecom Systems

  • Commscope

  • Ericsson

  • Extreme Networks

  • Fujitsu

  • Hewlett Packard Enterprise

  • Huawei Technologies

  • Juniper Networks

  • Mavenir

  • NEC

  • Nokia Networks

  • Oracle

  • Samsung

  • SK Telecom

  • T-Mobile

  • Verizon Communications

  • Vmware

  • ZTE

For more information about this report visit https://www.researchandmarkets.com/r/80xipk

View source version on businesswire.com: https://www.businesswire.com/news/home/20210408005615/en/

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    Press release, Helsinki, 16.04.2021, 12.00 pm (EEST) Nexstim Receives Positive Feedback from Mind Matters Psychiatry MD on Use of Their Two NBT® Systems to Treat MDD Nexstim Plc (NXTMH:HEX, NXTMS:STO) ("Nexstim" or "Company") announces that the company’s SmartFocus® nTMS technology used at Mind Matters Psychiatry MD, US has generated positive feedback from its use in treating patients with depression. Oladele Adebogun M.D. said, “I was initially introduced to Nexstim by the early outcomes of their registry which showed 50% remission rates in a small number of patients suffering from major depressive disorder. I purchased my first system and have been so impressed with my own patient outcomes that I have added this second system for my patients located in Flower Mound, Texas. I have even been able to successfully treat those patients who failed to respond to TMS on our prior non-Nexstim system. I am proud to contribute to the latest Nexstim treatment outcomes of triple the number of patients where consecutive data from multiple centers have resulted in 47.2 % of patients in remission from MDD at end of treatment and 76.1 % had obtained a clinical response. I know that I am delivering the best care available for my patients when I use Nexstim.” Mind Matters Psychiatry MD has been one of the most active NBT® users in the United States especially in terms of providing patient data to the NBT® registry. Nexstim NBT® systems were delivered to both of their clinic locations in 2020. Mikko Karvinen, CEO of Nexstim said: “We are excited to share this good feedback from Mind Matters Psychiatry MD. It shows that there is clear demand for novel, personalized nTMS therapy that our NBT® system is able to deliver to patients with major depressive disorder. Mind Matters Psychiatry MD is a very active user clinic who is also helping us to advance the science and clinical use of nTMS and to develop our technology further by actively providing treatment data to our NBT registry. We are very grateful for this kind of cooperation. We are also pleased to see this trend in the United States where over 70% of our NBT clinics now own two or more Nexstim systems.” Further information is available on the website www.nexstim.com, or by contacting: Mikko Karvinen, CEO +358 50 326 4101 mikko.karvinen@nexstim.com About Nexstim Plc Nexstim is a Finnish, globally operating medical technology company. Our mission is to enable personalized and effective therapies and diagnostics for challenging brain diseases and disorders. Nexstim has developed a world-leading non-invasive brain stimulation technology called SmartFocus®. It is a navigated transcranial magnetic stimulation (nTMS) technology with highly sophisticated 3D navigation providing accurate and personalized targeting of the TMS to the specific area of the brain. SmartFocus® technology is used in Nexstim’s proprietary Navigated Brain Therapy (NBT®) system, which is FDA cleared for marketing and commercial distribution for the treatment of major depressive disorder (MDD) in the United States. In Europe, the NBT® system is CE marked for the treatment of major depression and chronic neuropathic pain. In addition, Nexstim is commercializing its SmartFocus® based Navigated Brain Stimulation (NBS) system for diagnostic applications. The NBS system is the only FDA cleared and CE marked navigated TMS system for pre-surgical mapping of the speech and motor cortices of the brain. Nexstim shares are listed on the Nasdaq First North Growth Market Finland and Nasdaq First North Growth Market Sweden. For more information please visit www.nexstim.com Attachment Nexstim Plc_Press Release_Mind Matters_16042021_FINAL

  • Vulnerable Inuk man left homeless as public guardian argues it is not responsible for housing

    An Iqaluit man under the protection of Nunavut's public guardian is being forced into homelessness while government officials struggle to figure out how to help him and who should pay for that help, according to a case at the Nunavut Court of Justice. The Inuk man in this case, whose identity CBC is withholding, has schizophrenia and an intellectual disability. He was placed into the care of the public guardian according to an order under Nunavut's Public Guardianship Act in November last year. Those who fall under such protective orders do not have the capacity to make some basic life decisions for themselves. Last month, the man left Iqaluit's men's shelter in order to attend a court appearance in Kinngait. When he got back, the shelter was full. A couple days later, his defence lawyer noticed bruising and scratches on his face. The man reported the injuries were a result of frostbite due to homelessness. Legal aid lawyers quickly filed documents with the court demanding the public guardian secure temporary housing for the man under its care. But the guardian's office filed its own court documents refusing. It says it contacted numerous facilities in Iqaluit, none of which could house the man. It added that it is not its responsibility to house people under its care, especially in light of Nunavut's longstanding housing crisis. If it were their responsibility, the public guardian argued, it would have a long line at its door of people looking to be placed in its care for housing purposes. And the budget approved by the Legislative Assembly for the Office of the Public Guardian does not include such housing costs, the office argued. But Beth Kotierk, the man's legal aid lawyer, argued that the government cannot allow a person in its care to go homeless while it figures out which agency should pay for their care. Jordan's Principle should apply: legal aid lawyer In documents submitted to the court, Kotierk argues that Jordan's Principle should apply in the man's case. That principle was approved by a motion in the House of Commons in 2007, two years after five-year-old Jordan River Anderson died. The child, who was from Norway House Cree Nation in Manitoba, died while different levels of government argued in court about who should pay for his care. The principle named in his honour aims to prevent a similar situation from occurring. Although the man in Nunavut's public guardianship case is not a child, the same principle applies, Kotierk argued. The case went before Justice Paul Bychok on April 1, but due to administrative errors by legal aid lawyers, the case was dismissed without prejudice, which means it can be brought to court again. It was scheduled to go before the court again in late May. But the discovery of a case of COVID-19 in the capital suspended operations at Nunavut's Court of Justice on Thursday, and it's not clear when the case may be heard again. In the mean time, Kotierk said Nunavut's legal aid agency is working to secure a hotel room for the man.