Description:-
5G technology has better qualities and attributes as analyzed than existing standard systems, consequently it’s getting a very good reception.
The global 5G technology market is expected to attain a compound yearly development rate of 70.83% during the evaluation time frame (2020-2025).
Dissimilar to 3G and 4G, 5G organizational usage requires an update of the existing system framework.
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Key players
MediaTek Inc., China Mobile Limited., Nokia, Telefonaktiebolaget LM Ericsson, Verizon, Huawei Technologies Co. Ltd., Samsung, among others are some of the major players in the global 5G technology market.
The report discusses drivers and challenges in the global 5G technology industry. It also presents an overview of competitive expansions such as developments, mergers & acquisitions, etc., in the global market.
Market Segmentation
The Global 5G Technology market is segmented by Communication Infrastructure, Services, Network Technology, Chipset Type, Applications, Key Players, and Regions.
Based on its Communication Infrastructure, the market is divided into Macro Cell, Small Cell, Distributed Antenna System (DAS), and Radio Access Network (RAN).
In terms of Services, the market is bifurcated into Managed Services and Professional Services.
Based on its Network Technology, the market is segmented into Network Function, Software-Defined Networking (SDN), Virtualization (NFV), Fog Computing (FC), and Mobile Edge Computing (MEC).
With respect to Chipset Type, the market is sectioned into Radio Frequency Integrated Circuit (FRIC), Application-Specific Integrated Circuit (ASIC), Field Programmable Gate Array (FPGA), and Millimeter Wave Technology Chips.
Based on its Application, the market is divided into Energy and Utilities, Automotive, Healthcare, Industrial Automation, Consumer Electronics, Retail, and Others.
The key competitors capturing the market are MediaTek Inc., China Mobile Limited., Nokia, Telefonaktiebolaget LM Ericsson, Verizon, Huawei Technologies Co. Ltd., and Samsung, among others.
Geographically, the market is divided into Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Regional Analysis
The report provides country-wise analysis of the regions covered by the market. These include:
North America (U.S., Canada, and Mexico)
Europe (Germany, France, UK, Italy, and the Rest of Europe)
Asia-Pacific (China, Australia, India, South Korea, and the Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, and Africa)
North America leads the market for 5G technology adoption and is expected to command more than two-third share of the global market by 2020 with a CAGR of 71% in the forecast period. Increasing popularity of consumer electronic devices with applications that require high-speed network works in favor of the market. Demand of 5G-enabled devices is rising in countries such as the U.S. and Canada.
Asia-Pacific follows America, with a valuation of USD 17.55 billion and is expected to increase with a CAGR of 74.60% surpassing others to become the highest market share holder. Countries such as India, China, and Korea are expected to have major contribution owing to numerous ongoing initiatives and developments.
Conclusion
5G technology is projected to play an important role is powering future cities, industries, transport, homes, etc. Its high-performance network capacity is prompting service providers and telecom operators to invest in the technology.
More than 54% of companies have started developing 5G technologies with about 16% already partially deploying the technology.
The Federal Communications Commission (FCC) has already begun an assessment of the allocation of 5G frequencies.
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Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Use Cases
Continued….
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