Publication date: 23 Aug 2022
IDC: Asia/Pacific* 5G Enterprise Services to Reach US$8 billion in 2026, a 137% CAGR
SINGAPORE, August 24, 2022 – According to IDC's Asia/Pacific (Excluding Japan) 5G Enterprise Services Forecast 2022–2026, 5G services revenue will grow from US$106 million in 2021 to US$8 billion in 2026, a compounded annual growth rate (CAGR) of +137%. In the forecast, IDC looked at four service categories:
• MNO 5G private network managed services (excluding equipment leasing) Revenues
• Fixed Wireless Access (FWA) service revenues for enterprises
• MEC (Multi-access Edge Computing) edge cloud service revenues
• Network slicing service revenues
"It will take the telecom industry three to five years to fully develop 5G enterprise services, and equally the same amount of time for leading enterprises to conduct proofs of concept and trials before committing their business operations to depend on 5G. But, the early trend is that private networking has received the most attention in all markets in the region due to the potential benefits for industries. Network slicing will be deployed initially in factories, warehouses, and Smart Airports, but eventually in outdoor settings such as Smart Ports, Smart Stadiums, Smart Campuses, and transportation hubs," says Bill Rojas, Adjunct Research Director for IDC Asia/Pacific.
5G FWA will act both as a stopgap in some markets such as the Philippines but also as an alternative to fiber broadband access where it is not available to specific buildings and neighborhoods, suburban zones, and remotely located residences. Examples of markets deploying or expected to deploy 5G FWA include Australia, India, Hong Kong, New Zealand, Philippines, Malaysia, Thailand, and Vietnam.
The IDC Study, Asia/Pacific (Excluding Japan) 5G Enterprise Services Forecast 2022–2026 (IDC #AP48929222) provides a forecast outlook on advanced 5G enterprise services in Asia/Pacific (excluding Japan).
*Asia/Pacific excluding Japan
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
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