IDC Forecasts 5G, 4G/LTE Enterprise Wireless WAN Market to Sustain Growth Over the Forecast Period, Reaching $5.5B in 2027
May 22, 2023 | IDCEstimated reading time: 1 minute
Worldwide revenues for the 5G and 4G/LTE Enterprise Wireless WAN market (formerly referred to as the 4G/LTE and 5G Router & Gateway Forecast) will reach $5.5 billion in 2027, according to a new forecast from International Data Corporation (IDC). This represents a compound annual growth rate (CAGR) of 23.8% over the 2023–2027 forecast period. Worldwide market revenue in 2022 was just under $1.9 billion.
Enterprise Wireless WAN, the new naming convention of this market, has matured greatly over the last five years, with LTE evolving in its own right and 5G solutions bringing an enhanced set of reliability to wireless WAN offerings. Indeed, IDC has observed Enterprise Wireless WAN evolve beyond simply a fail-over for other access technologies to become a primary connectivity solution, in many cases.
"5G Enterprise Wireless WAN solutions scaled rapidly in 2022 across both the branch and mobile markets. Internet of Things (IoT) use lagged a bit in comparison but saw double-digit growth as well. Overall, Enterprise Wireless WAN has moved from not just a supporting technology, but to a critical capability in its own right," said Patrick Filkins, research manager, IoT and Telecom Network Infrastructure at IDC. "Beyond simply connectivity, 4G/LTE and 5G solutions are playing an increasingly important role in SD-WAN and enterprise edge initiatives as well as being deployed en masse to connect public safety vehicles, public and private transportation, and across industrial environments where mobile solutions are required."
The report, 5G and 4G/LTE Enterprise Wireless WAN Forecast, 2023-2027 (IDC #US50622523), presents IDC's annual forecast for the 5G and 4G/LTE Enterprise Wireless WAN Market. Revenue is forecast for both routers and gateways. The report also provides a market overview, including drivers and challenges for technology suppliers.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.