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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.