The global revenues for the Enterprise Wireless WAN market, encompassing both 5G and 4G/LTE technologies, are projected to reach $5.5 billion in 2027, according to International Data Corporation (IDC).
This forecast reflects a significant compound annual growth rate (CAGR) of 23.8 percent during the period from 2023 to 2027. In 2022, the market revenue stood at just below $1.9 billion.
Over the past five years, the Enterprise Wireless WAN market has experienced notable advancements, with LTE evolving independently and 5G solutions introducing enhanced reliability to wireless WAN offerings.
IDC has observed a substantial shift in the role of Enterprise Wireless WAN from being merely a backup solution for other access technologies to becoming a primary connectivity option in numerous cases.
The adoption of 5G Enterprise Wireless WAN solutions has rapidly expanded in 2022, both in branch and mobile markets. While Internet of Things (IoT) applications saw slightly slower growth in comparison, they still experienced double-digit growth. Overall, Enterprise Wireless WAN has evolved from being a supporting technology to a critical capability in its own right.
Patrick Filkins, the research manager for IoT and Telecom Network Infrastructure at IDC, emphasized the increasing significance of 4G/LTE and 5G solutions in SD-WAN and enterprise edge initiatives. Tthese solutions are being widely deployed to connect public safety vehicles, public and private transportation systems, and various industrial environments where mobile connectivity is essential.