5G Technology Industry Strategy, Emerging Technologies, Global Trends and Forecast by Regions | Coronavirus Effects

 

Market Highlights

The data experts at Market Research Future Reports (MRFR) have thoroughly scrutinized the global 5G technology market with a prodigious CAGR of 70.83%, valuing more than USD 700 billion by the end of 2025. The unprecedented attribute of 5G is estimated to be the most essential factor provoking the expansion of the global 5G technology marker 2020. The demand for ultra-fast data speed is intensifying which is convincing the telecom giants to augment their investment in the developed wireless technologies such as 5G. Further, the robust developments being implemented in IoT is estimated to fuel the market for 5G service. Also, the development of smart cities in various countries is projected to be another crucial factor ensuring the magnification of the 5G demand, and market. Benefits such as robust speed, consistent network, and efficient wireless range are likely to strengthen the market growth during the assessment period. But, the expenses associated with the development of 5G network is estimated to be a major obstacle in market expansion. Also, the lack of insufficient developed infrastructure is another hurdle for expanding the global 5G technology market.

Drivers and constraints

The positive impact on this sector is the transition to modern digital technologies, massive network coverage, increased demand for fast data rates and steady growth in mobile data traffic, increased demand for machine-to-machine connectivity in enterprises and increased demand for broadband services in other mobile networks.

Additionally, subscribers' continued demand for better mobile broadband experiences can stimulate the growth of the market for 5G technology. Booming mobile broadband adoption as well as increasing machine-to-machine connectivity in organizations is presumed to fuel the global market size of 5 G technology in the coming years. Numerous features offered by this technology are high resolution, quick action monitoring tools, accurate traffic statistics and supporting nearly 65,000 connections. Surely, these features will boost the appeal of 5 G technology and will help drive market development.

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Segmentation:

The global 5G technology market can be distinguished on the grounds of services, network technology, communication infrastructure, application, chipset type, and region.

On the basis of services, the global 5G technology market can be distinguished into Professional Services and Managed Services

On the basis of network technology, the global 5G technology market can be distinguished into Network Function, Software-Defined Networking (SDN), Virtualization (NFV), Fog Computing (FC), and Mobile Edge Computing (MEC).

On the basis of communication infrastructure, the global 5G technology market can be distinguished into macro cell, distributed antenna system (DAS), small cell, and radio access network (RAN).

On the grounds of application, the global 5G technology market can be distinguished into energy and utilities, automotive, healthcare, industrial automation, retail, consumer electronics and others.

On the basis of chipset type, the global 5G technology market can be distinguished into radio frequency integrated circuit (FRIC), application-specific integrated circuit (ASIC), field programmable gate array (FPGA), and millimeter wave technology chips.

On the basis of region, the global 5G technology market can be distinguished into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).

Regional study

The global business regional overview was performed in four major regions, namely Asia Pacific, North America, Europe, and the rest of the world.

North America has the largest market share owing to the United States (U.S.) among all regions. That number of subscribers and the Federal Communications Commission's ambitious evaluation of the allocation of 5 G frequencies has guided market growth in that region. Rising cellular M2 M links, high demand for on-demand video services, and high demand for autonomous cars can also contribute to this region's market size.

The Asia-Pacific region, on the other hand, is expected to rise steadily over the forecast period. The reason for this is the broad user base and ongoing 5 G technology programs and innovations. 5 G technology is thriving due to funding from local government, along with the potential for massive demand for 5 G services. Beijing (China), for example, is preparing to implement 5 G on a broad commercial scale by 2020, and China's top manufacturers are working to reach that timetable. In addition, a good portion of the required radio frequencies was also distributed by the Chinese government. Hence China profits from robust cooperation between government and manufacturers with respect to the demand for 5 G technology.

Throughout the Europe zone, public and private sectors are taking aggressive steps in the area of 5 G technology. For example, in order to track the progress of the European 5 G integration goals for a competitive Digital Single Market (DSM) closely, proposals are being made for the establishment of the European 5 G observatory by 2025.

Competitive Analysis

The major market players operating in the global 5G technology market as identified by MRFR are Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon, Huawei Technologies Co. Ltd., Samsung, MediaTek Inc., Qualcomm Technologies Inc., AT&T Inc., China Mobile Limited., NTT DOCOMO, Inc., and Nokia.

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5G Technology Market: By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network and Distributed Antenna System), By Services (Professional Services and Managed Services), By Network Technology (Software-Defined Networking, Network Function, Virtualization, Mobile Edge Computing and Fog Computing), By Chipset Type ( Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (FRIC), Millimeter Wave Technology Chips and Field Programmable Gate Array (FPGA)  and By Application (Automotive, Energy and Utilities, Healthcare, Retail, Industrial Automation, Consumer Electronics and Others) and Region - Forecast Till 2025

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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