Artificial Intelligence
Global 5G enterprise market size anticipated to showcase colossal growth through 2028
Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, that worldwide 5G enterprise industry which accrued a sizable valuation in 2021 is anticipated to record a robust growth rate and consequentially amass a substantial revenue by the end of 2028.
Apart from growth drivers and opportunities, the document discusses the major challenges that may affect the growth trajectory of the business and also divulges precise solutions for the same.
Speaking of overall size and scope, the marketplace has been classified on the basis of by the network type, infrastructure, organization size, application, vertical, and regional terrain. Extensive coverage of each segment in terms of its size, revenue margins, and outlook has been included so that the stakeholders can identify major growth segments in the forthcoming years.
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Furthermore, the competitive landscape of this business sphere is assessed minutely in terms of product/service offerings, business overview, profitability scope, technological advancements, strategic alliances, and financial standing among others.
The emergence of Industry 4.0 leading to penetration of massive machine type communication (mMTC) systems as well as the proliferation of smart infrastructure are the key factors propelling global 5G enterprise market development.
5G is an evolving technology that aids in improving and transforming the core architecture of artificial intelligence, virtualization, and automation, while allowing enterprises to create their own private wireless platforms to manage large volumes of data across different operations.
Notably, the government of United Kingdom has reportedly directed a sum of USD 43.92 million in June 2019 towards upgrading their IT infrastructure with the utilization of IoT and 5G technologies.
Furthermore, rising focus of several governments across the globe towards developing a robust 5G infrastructure is bound to unearth new opportunities for market expansion in the forthcoming years.
However, high initial capital investment and concerns regarding the security of 5G networks are major challenges that industry players may have to overcome during the analysis timeframe.
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Regional expanse summary: –
North America, Asia Pacific, Europe, and Latin America are the profitable avenues that contribute significantly to worldwide 5G enterprise industry remuneration.
Among these, North America accumulates a major chunk of the overall market sphere at present, owing to notable technological advancements and developments across several industry verticals in the region.
Meanwhile, Asia Pacific market is slated to grow at a rapid pace through 2028, on account of improved spending capacity, widespread usage of internet, and booming demand for smartphones.
Competitive framework summary: –
Oracle Corporation, Ericsson Inc., Huawei Technologies Co. Ltd., ZTE Corporation, Ciena Corporation, Samsung Electronics Co. Ltd., Nokia Networks, Juniper Networks Inc., The Hewlett Packard Enterprise Company, and Cisco Systems Inc. are the prominent players influencing global 5G enterprise market trends.
These companies are directing continuous efforts towards expanding their business through profitable mergers, acquisitions, and partnership deals with a view to maintain a strong foothold over market dynamics.
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Global 5G Enterprise Market by Network Type (Value, USD Billion, 2018-2028)
- Hybrid Networks
- Enterprise Network
- Private Networks
- CSP Network
Global 5G Enterprise Market by Infrastructure (Value, USD Billion, 2018-2028)
- NFV
- SDN
- E-RAN Equipment (Service Node)
- Access Equipment
- Core Network
- Small Cells
Global 5G Enterprise Market by Organization Size (Value, USD Billion, 2018-2028)
- Large Enterprises
- Small and Medium s.ized Enterprise (SMEs)
Global 5G Enterprise Market by Application (Value, USD Billion, 2018-2028)
- AR/VR
- Drones
- Communication
- Mobile Robots (AGV)
- Video Analytics
- Others
Global 5G Enterprise Market by End Use (Value, USD Billion, 2018-2028)
- Manufacturing
- Retail
- BFSI
- Media & Entertainment
- Energy & Utilities
- Healthcare
- Aerospace & Defense
- Transportation & Logistics
- Office Buildings
- Government & Public Safety
Global 5G Enterprise Market by Region (Value, USD Billion, 2018-2028)
North America
- United States
- Canada
Europe
- Germany
- Italy
- Spain
- France
- United Kingdom
- RoE
Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
Latin America
- Mexico
- Brazil
Rest of the World
Global 5G Enterprise Market, Company Profiles (Value, USD Billion, 2018-2028)
- Oracle Corporation
- Ericsson Inc.
- Huawei Technologies Co. Ltd
- ZTE Corporation
- Ciena Corporation
- Samsung Electronics Co. Ltd
- Nokia Networks
- Juniper Networks, Inc.
- The Hewlett Packard Enterprise Company
- Cisco Systems Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global 5G Enterprise Market, by region, 2020-2028 (USD Billion)
1.2.2. Global 5G Enterprise Market, by Network Type, 2020-2028 (USD Billion)
1.2.3. Global 5G Enterprise Market, by Infrastructure, 2020-2028 (USD Billion)
1.2.4. Global 5G Enterprise Market, by Organization size, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 5G Enterprise Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global 5G Enterprise Market Dynamics
3.1. 5G Enterprise Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Emergence of Industry 4.0 paving way for mMTC
3.1.1.2. Development of smart infrastructure
3.1.2. Market Challenges
3.1.2.1. High initial capital investment required
3.1.2.2. Security concerns associated with the 5G core network
3.1.3. Market Opportunities
Chapter 4. Global 5G Enterprise Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global 5G Enterprise Market, by Network Type
6.1. Market Snapshot
6.2. Global 5G Enterprise Market by Network Type, Performance – Potential Analysis
6.3. Global 5G Enterprise Market Estimates & Forecasts by Network Type 2018-2028 (USD Billion)
6.4. 5G Enterprise Market, Sub Segment Analysis
6.4.1. Hybrid Networks
6.4.4. CSP Network
Chapter 7. Global 5G Enterprise Market, by Infrastructure
7.1. Market Snapshot
7.2. Global 5G Enterprise Market by Infrastructure, Performance – Potential Analysis
7.3. Global 5G Enterprise Market Estimates & Forecasts by Infrastructure 2018-2028 (USD Billion)
7.4. 5G Enterprise Market, Sub Segment Analysis
7.4.1. Access Equipment
7.4.2. Small Cells
7.4.3. E-RAN Equipment (Service Node)
Chapter 8. Global 5G Enterprise Market, by Organization size
8.1. Market Snapshot
8.2. Global 5G Enterprise Market by Organization size, Performance – Potential Analysis
8.3. Global 5G Enterprise Market Estimates & Forecasts by Organization size 2018-2028 (USD Billion)
8.4. 5G Enterprise Market, Sub Segment Analysis
8.4.1. Small And Medium-Sized Enterprises (Smes)
8.4.2. Large Enterprises
Chapter 9. Global 5G Enterprise Market, by Application
9.1. Market Snapshot
9.2. Global 5G Enterprise Market by Application, Performance – Potential Analysis
9.3. Global 5G Enterprise Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
9.4. 5G Enterprise Market, Sub Segment Analysis
9.4.1. Mobile Robots (AGV)
9.4.2. Video Analytics
9.4.3. Drones
Chapter 10. Global 5G Enterprise Market, by Vertical
10.1. Market Snapshot
10.2. Global 5G Enterprise Market by Vertical, Performance – Potential Analysis
10.3. Global 5G Enterprise Market Estimates & Forecasts by Vertical 2018-2028 (USD Billion)
10.4. 5G Enterprise Market, Sub Segment Analysis
10.4.1. BFSI
10.4.2. Manufacturing
10.4.3. Energy & Utilities
10.4.4. Retail
10.4.5. Healthcare
Chapter 11. Global 5G Enterprise Market, Regional Analysis
Related Report:
5G Infrastructure Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028
The 5G infrastructure market is foreseen to grow enormously through 2028 driven by exponential demand for greater bandwidth and speed capabilities. In addition, increasing government support to promote 5G deployment is primed to further fuel market growth over the forecast timeline. 5G networks provide higher speed bandwidth than existing LTE networks. During the COVID-19 outbreak, the industry witnessed a halt due to safety protocols and lockdowns. However, easing lockdown restrictions have boosted the adoption of wireless technologies, which has enhanced the focus on commercialization of the 5G infrastructure. With regards to region, the Latin America 5G infrastructure market is estimated to grow at more than 80% CAGR over the analysis timespan due to surging smartphone penetration in the LATAM region. Meanwhile, the Middle East & Africa 5G infrastructure market is likely to witness robust growth at a CAGR of about 85% through 2028 on account of mounting development of smart city infrastructure in the MEA region.
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Artificial Intelligence
Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change
SHENZHEN, China, May 23, 2024 /PRNewswire/ — Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company’s commitment to driving sustainable social innovations in the fight against climate change.
CarbonX was launched in March 2023 to advance the next generation of low-carbon technologies. Tencent has committed RMB 200 million (US$28 million) in catalytic funding over the next three years to innovative ideas that might otherwise languish or fail to gain traction.
CarbonX’s first phase focused on carbon capture, utilization, and storage (CCUS), as well as technology-based carbon removal. These solutions were chosen for their unique ability to curb emissions from hard-to-abate industries such as steel and cement, mitigate the continued reliance on fossil fuels, and reduce legacy emissions created from decades of industrialization.
Backed by Tencent’s mission of Tech for Good and an alliance of like-minded industry partners, CarbonX aims to help these cutting-edge technologies make the leap from the research or early startup stage to commercial scale. The ultimate goal is supporting them in making a significant impact toward the targets outlined in the Paris Agreement, which includes a 45 percent reduction in emissions by 2030 and achieving net-zero emissions by 2050.
Dr. Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab, said: “Technology innovation serves as the driving force to accelerate our progress toward achieving carbon neutrality. CarbonX program is aimed at fostering the growth of these technologies, driving positive impact across society, and laying the groundwork for a more sustainable future.”
Professor Jerry Yan, Chair Professor of the Hong Kong Polytechnic University and Co-chairman of the CarbonX expert committee, said: “To pave the path for a greener economy, we must champion the development of cutting-edge low-carbon technologies. Just as solar and wind power were nurtured in their infancy, emerging solutions like CCUS and tech-based carbon removal demand our early support.”
The program assembled a panel of experts from academia, industries, and the investor community as the jury, and welcomed submissions from diverse participants across three distinct tracks:
CarbonX Lab: Designed to incubate research institutions, universities, or labs that bring in game-changing climate solutionsCarbonX Accelerator: Designed to accelerate the growth of climate-tech startups that exhibit commercialization potentialCarbonX Infrastructure: Designed to support capacity building to facilitate industry developmentThe finalists comprise four projects from the Lab track, six from the Accelerator track, and three from the Infrastructure track. These projects explore innovative solutions, such as using steel slag to capture and store carbon directly from furnace exhaust, converting CO2 into sustainable aviation fuel and valuable chemicals through electrochemical reactions or microorganisms, and employing new approaches to directly capture CO2 from the atmosphere with the hope of slashing the cost to less than US$150 per ton.
Meanwhile, Tencent is also collaborating with Tsinghua University to develop a comprehensive system of Measure, Reporting and Verification (MRV) tools to accurately gauge progress toward decarbonization.
Aside from receiving financial and advisory support, several projects will also have the opportunity to collaborate with industry partners and test their research beyond the laboratory setting.
Building upon the success of the first phase, Tencent is poised to launch the second iteration of CarbonX globally as early as later this year in pursuit of early-stage climate tech innovation.
View original content:https://www.prnewswire.co.uk/news-releases/tencent-announces-winners-of-flagship-carbonx-program-to-combat-climate-change-302153596.html
TAIPEI, May 23, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, published AI and storage performance test results of its NSA 7160R: high-performance Edge server. NSA 7160R is powered by dual Intel® Xeon® Scalable processors for high computing, and enhanced with DDR5 memory, high-bandwidth PCIe Gen5 LAN modules, and high-capacity NVMe storage modules. The test results show the efficiency of the NSA 7160R in processing edge video server workloads and were explained in the accompanying paper.
Edge AI Is the Future
With the rise of smart cities, processing data from cloud to the edge is becoming increasingly critical. Imagine the surge of visual data from ubiquitous security cameras – that information needs real-time analysis right where it’s collected. This is just the tip of the iceberg. As artificial intelligence permeates our lives, certain AI tasks will also need edge computing for efficient, lightning-fast performance. The key is to avoid bottlenecks in the data center by keeping things localized and streamlined.
Your Turnkey Solution Awaits
When it comes to Edge video servers, you need top-notch hardware and software that can handle all the “heavy lifting”. To speed up the total solution bringing up Intel comes in with their Intel® Edge Video Infrastructure (Intel® EVI) reference design. NEXCOM ran a bunch of tests using this design to evaluate its NSA 7160R for essential tasks including storage, image retrieval, and AI features such as inference and feature matching.
After conducting all tests, the results have shown that NSA 7160R meets all performance expectations with outstanding results. For a detailed breakdown of the solution description, test configuration, and results, please refer to the accompanying paper.
Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
Video – https://www.youtube.com/watch?v=4WlO8fyWnu4
View original content:https://www.prnewswire.co.uk/news-releases/nexcom-delivers-exceptional-performance-in-edge-ai-video-analytics-302153555.html
SHANGHAI, May 23, 2024 /PRNewswire/ — Qiming Venture Partners, a global-leading venture capital firm, is pleased to announce the promotion of Alex Zhou to Managing Partner.
As a Qiming home-grown Managing Partner, Alex first joined the firm in 2014 as a Vice President and has since emerged as one of the most active investors in frontier technologies, especially in the field of artificial intelligence. Alex will join fellow Managing Partners Duane Kuang, Nisa Leung and William Hu in managing Qiming’s operations.
In the past few years, Alex has actively participated in or led investments in many outstanding technology companies across the artificial intelligence, robotics, semiconductors, new energy vehicles, and software sectors. Notable among these include Roborock, UBTech, Unisound, Biren Technology, ROX Motor, VIEWTRIX Technology, Zhipu AI, Mech-Mind Robotics, Axera, HyperStrong, DeepWay, etc.
“I am deeply grateful for the guidance and trust I received from Qiming over the past 10 years.” Alex said. “We are at the forefront of a new wave of technological revolution. This era will undoubtedly bring about many bold innovators who will shape the future. Together with all the Managing Partners and colleagues at Qiming, I am excited and fully committed to seize the opportunities, embrace any potential challenges, explore new possibilities and build a better Qiming.”
Since its inception 18 years ago, Qiming has always committed to upgrading its institutional capabilities and team development in order to stay ahead in an ever-evolving technological and market landscape. The success achieved in the fields of healthcare, mobile internet and frontier technology is a testament to this strategic approach. Alex’s promotion to the most senior position in the firm demonstrates Qiming’s continued confidence in the future of technology innovation.
About Qiming Venture Partners
Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.
Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.
Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, New Horizon Health, Sanyou Medical, AmoyDx, Berry Genomics, SinocellTech, UBTech, Yuanxin Technology, Caidya, Belief BioMed, WeRide, among many others.
View original content:https://www.prnewswire.co.uk/news-releases/qiming-venture-partners-promotes-alex-zhou-to-managing-partner-302153306.html
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