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Asia-Pacific 5G Enterprise Market to Witness Massive Growth by 2024 as Mega Trends Fuel Industry Transformation
"5G enterprises in Asia-Pacific are undergoing digital transformation at a more rapid pace to either optimize or enable business processes to keep up with the changing consumer demand," said . "However, these digital transformation initiatives will add pressure on existing networks, as new solutions will require higher bandwidth and availability to offer the necessary reliability, driving the need for enterprises to transform their network infrastructure. This will boost the demand for 5G enterprise solutions and new enabling technologies such as network slicing and edge computing."
Zukarnain added: "Network slicing will empower enterprises with end-to-end ownership of a slice of the 5G network that can be used for a specific use case. Further, there are many benefits to utilizing a slice of 5G, including the ability to provide enterprises with better control, management capability, and agility of the network so that it can optimize the usage of the network for enterprises."
5G enterprise solutions have the potential to transform services, applications, and capabilities for enterprises, presenting immense growth prospects for market participants, including:
is the latest addition to Frost & Sullivan's research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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