Mega Trends in Asia-Pacific to Drive the 5G Enterprise Market, 2019–2024

Mega Trends in Asia-Pacific to Drive the 5G Enterprise Market, 2019–2024

Mega Trends in the Region are Creating New Opportunities and Business Models for the 5G Enterprise Market

RELEASE DATE
30-Sep-2020
REGION
Asia Pacific
Research Code: PB03-01-00-00-00
SKU: TE03969-AP-MR_24800

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Description

In Asia-Pacific, Mega Trends, such as growth in aging population, slowing or declining population growth, and migration from rural to urban areas, are posing new challenges to end users in vertical industries. This is driving the need for enterprises to transform to enable new use cases that are critical to support and optimize enterprise business processes to improve efficiency.

Growth in the aging population will drive new solutions to address the increase in chronic diseases and accessibility of medical services in the healthcare sector. Slowing or declining population growth will drive the need for automation and remote support because of low labor supply in the manufacturing sector. Migration from rural to urban areas has resulted in an increase in megacities in Asia-Pacific. It is also driving the need for the government and public sector to digitalize and expand the solutions that address urban challenges and improve the quality of life for citizens. The COVID-19 pandemic has emerged as a new Mega Trend and is driving the need for broadband, remote work solutions, and 5G to support work from home and higher bandwidths and speeds.

The potential revenue for 5G enterprise is expected to grow at a CAGR of 46.4% from 2019 to 2024. The software segment presents the biggest opportunity as enterprises embark on their digital transformation journey. Growth opportunities exist within automation, edge computing, network slicing, and artificial intelligence (AI).

To spur the market demand for 5G, the supply side needs to increase the awareness and understanding of 5G. To address the lack of sufficient industry partnerships, there is a need for innovative ideas to unlock the potential of 5G. The gap between supply and demand, if left unchecked, will affect the adoption of 5G in Asia-Pacific. Mobile operators need to reassess how it is meeting the needs of end users companies.

Research Scope

The scope of this study includes Asia-Pacific, with focus on countries where 5G will be or has been implemented. It focuses on the impact of regional Mega Trends on healthcare, manufacturing, government and public sector and telecommunications verticals.

Companies mentioned in this study include, but are not limited to Advantech, Air Fiber 5G, Airbus, Beijing Jishuitan Hospital, China Telecom, Ericsson, Globe, Guangzhou Gosuncn Robot, Huawei, Human Horizons, Media Tek, NEC, NTT Docomo, Oppo, Rakuten, SANY Heavy Industry, The Fifth Affiliated Hospital, Universal Robots, Wakayama Medical University, and Xiamen Runner Industrial Corporation.


Key Issues Addressed

  • What are the key market trends, drivers, and restraints influencing growth in the 5G enterprise market?
  • How big will the market for 5G enterprise services and solutions be?
  • What are the current use cases and gaps in the 5G enterprise market? How can enterprises leverage on the growth opportunity in the enterprise segment for growth?
  • What are the vertical industries that the 5G enterprise market is likely to impact?
  • How should enterprises implement 5G, and what is the best approach to deploying 5G?

Table of Contents

Key Findings

Market Definitions

Market Definitions (continued)

Key Questions this Study will Answer

5G Enterprise Market—A Snapshot

What is 5G?

Key Capabilities of 5G

5G Enterprise—Timeline for Enterprise with 5G

Market Trends Driving 5G Enterprise

Mega Trends in Asia-Pacific Driving the Need for 5G Enterprise

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Restraint—Availability of 5G Standalone (SA)

Forecast Assumptions

Potential Revenue Forecast

Potential Revenue Forecast Discussion

Potential Revenue Forecast by Segment

Potential Revenue Forecast by Segment Discussion

Understanding and Need for 5G

Challenges to Implementing 5G

Adoption Rate of 5G

Key Challenges with the Enterprise Network

Key Challenges with the Enterprise Network (continued)

Digital Transformation (DX) in Asia-Pacific

Digital Transformation to Drive 5G Enterprise

How Can Enterprise Address the Challenges?

Key Findings on Challenges with Enterprise Network

Key 5G Architecture

Key 5G Architecture to Drive 5G Enterprise—NFV

Key 5G Architecture to Drive 5G Enterprise—Software-defined Networking

Key 5G Architecture to Enable

Key 5G Architecture to Enable Private 5G Networks

Key 5G Architecture to Enable Digital Indoor Systems

Impact of Rise in Aging Population on the Healthcare Sector

Impact of Rise in Aging Population on End User—Physician

Case Study—Remote Medical Support System

Impact of Aging Population on End User—Patient

Case Study—Remote Monitoring and Consultations

Impact of the Aging Population on End User—Hospital

Case Study—Medical Robotics Technology

5G to Address the Aging Population’s Pain Points for End Users in the Healthcare Sector

Declining or Slowing Population Growth to Impact Manufacturing

Impact of Declining or Slowing Population on End User—Manufacturer

Case Study—Automated Guided Vehicles (AGVs)

Impact of Declining or Slowing Population on End User—Customer

Case Study—Collaborative Robotics (Cobots)

Impact of Declining or Slowing Population on End User—Worker

Case Study—Remote Controlled Machines

5G to Address the Declining Population’s Pain Points for End Users in the Manufacturing Sector

Increase in Megacities to Impact Government and Public Sector

Impact of Increase in Megacities on End User—Law Enforcement

Case Study—5G-powered Police Patrol Robots

Impact of Increase in Megacities on End User—Citizens

Case Study—5G Smart City Solutions

Impact of Increase in Megacities on End User—Government Official

Case Study—5G-enabled Government Shared Network

5G to Address Megacities Pain Points for End Users in the Government and Public Sectors

Impact of COVID-19 on the Telecommunication Sector

Impact of COVID-19 on End User—Internet User

Case Study—5G Fixed Wireless Access (FWA)

Impact of COVID-19 on End User—Enterprise

Case Study—5G Voice and Video Call

COVID-19’s Impact on End User—Mobile Operators

Case Study—5G Radio Units

5G to Address COVID-19 Pain Points for End Users in the Telecommunication Sector

Gap 1—There is a Need for SDN

Gap 2—There is a Need for Network Automation

Gap 3—There is a Need for Edge Computing to Manage Data

Growth Opportunity 1—Automation to Address Low Skilled-labor Supply in Vertical Industries

Growth Opportunity 2—Edge Computing to Address the Need to Handle Rising IoT-enabled Use Cases

Growth Opportunity 3—Network Slicing to Address the Need for More Bandwidth

Growth Opportunity 4—AI to Harness the Massive Amounts of Data to Increase Efficiency and Reduce Cost

Strategic Imperatives for Success and Growth

The Last Word—Conclusion and Recommendations

The Last Word—3 Big Predictions

Legal Disclaimer

Acronyms

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
In Asia-Pacific, Mega Trends, such as growth in aging population, slowing or declining population growth, and migration from rural to urban areas, are posing new challenges to end users in vertical industries. This is driving the need for enterprises to transform to enable new use cases that are critical to support and optimize enterprise business processes to improve efficiency. Growth in the aging population will drive new solutions to address the increase in chronic diseases and accessibility of medical services in the healthcare sector. Slowing or declining population growth will drive the need for automation and remote support because of low labor supply in the manufacturing sector. Migration from rural to urban areas has resulted in an increase in megacities in Asia-Pacific. It is also driving the need for the government and public sector to digitalize and expand the solutions that address urban challenges and improve the quality of life for citizens. The COVID-19 pandemic has emerged as a new Mega Trend and is driving the need for broadband, remote work solutions, and 5G to support work from home and higher bandwidths and speeds. The potential revenue for 5G enterprise is expected to grow at a CAGR of 46.4% from 2019 to 2024. The software segment presents the biggest opportunity as enterprises embark on their digital transformation journey. Growth opportunities exist within automation, edge computing, network slicing, and artificial intelligence (AI). To spur the market demand for 5G, the supply side needs to increase the awareness and understanding of 5G. To address the lack of sufficient industry partnerships, there is a need for innovative ideas to unlock the potential of 5G. The gap between supply and demand, if left unchecked, will affect the adoption of 5G in Asia-Pacific. Mobile operators need to reassess how it is meeting the needs of end users companies.--BEGIN PROMO--

Research Scope

The scope of this study includes Asia-Pacific, with focus on countries where 5G will be or has been implemented. It focuses on the impact of regional Mega Trends on healthcare, manufacturing, government and public sector and telecommunications verticals.

Companies mentioned in this study include, but are not limited to Advantech, Air Fiber 5G, Airbus, Beijing Jishuitan Hospital, China Telecom, Ericsson, Globe, Guangzhou Gosuncn Robot, Huawei, Human Horizons, Media Tek, NEC, NTT Docomo, Oppo, Rakuten, SANY Heavy Industry, The Fifth Affiliated Hospital, Universal Robots, Wakayama Medical University, and Xiamen Runner Industrial Corporation.

Key Issues Addressed

  • What are the key market trends, drivers, and restraints influencing growth in the 5G enterprise market?
  • How big will the market for 5G enterprise services and solutions be?
  • What are the current use cases and gaps in the 5G enterprise market? How can enterprises leverage on the growth opportunity in the enterprise segment for growth?
  • What are the vertical industries that the 5G enterprise market is likely to impact?
  • How should enterprises implement 5G, and what is the best approach to deploying 5G?
More Information
No Index No
Podcast No
Author Sofea Zukarnain
Industries Telecom
WIP Number PB03-01-00-00-00
Is Prebook No
GPS Codes 9702-C1,9705-C1,9657,9A66-C1