An Incisive, In-depth Analysis on the g Technology Market
This study offers a comprehensive, 360 degree analysis on the g Technology market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global g Technology market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
As the world is witnessing rapid advancements in technology, 5G technology is expected to be at the centre of an ecosystem that empowers society’s continued digital transformation journey. 5G is anticipated to take over the generation of cellular mobile communications that promises to change the DNA of user experience by offering new applications and services through superior gigabit speeds, and significantly improved network performance & reliability. 5G technology is expected to transform societies to support new services and new business models.
In addition, the boom in artificial intelligence and IoT is driving the growth of 5G technology market. The increase in number of internet users and smartphone users is also fuelling the growth of 5G technology market. Moreover, increasing investments in IIoT technology is expected to have a significant impact on the 5G technology market. Apart from this, integration of new technologies within the existing infrastructure is the major challenge for the 5G technology market.
Increasing Investments in Telecommunication Infrastructure is Creating Investment Opportunities
Infrastructure is always on the top priority of any country when it comes to investments. The telecommunication sector is a rapidly growing sector with a vast scope for investments in telecommunication infrastructure. These investments are creating potential growth opportunities for 5G technology market. Moreover, the governments and public organizations of various countries are investing a high amount for the betterment of their telecommunication infrastructure which is driving the 5G technology market.
The recent trend of 5G technology has a significant potential to transform the telecom industry as well as the telecom experience of end users. Thus, heavy investments for the betterment of telecommunication infrastructure is one of the major factors driving the 5G technology market.
For instance, Japan, South Korea, and China have been leading infrastructure tests throughout the 5G deployment cycle. Moreover, China has invested approximately US$ 180 Billion into mainland telecommunication infrastructure and is planning the full commercial launch of 5G technology in 2020.
Digital Transformation Is Growing Demand for Wireless Systems
The increasing network complexity in businesses and organizations is propelling the growth of 5G technology market. These companies are preparing for the adoption of 5G technology to sustain in an increasingly complex network world. Also, as the tides of data continue to rise, businesses are focusing on transformation through virtualization and automation to optimize the cost and scale of experiences that they want to create which is fuelling the growth of 5G technology market.
Moreover, the 5G technology market is expected to witness high growth rates due the rapid digitalization and increasing penetration of mobile devices, apps, and a variety of voice and collaboration tools. Furthermore, the high approval of advanced applications, such as augmented reality, Internet of Things (IoT), and autonomous vehicles are likely to fuel the growth of the 5G technology market. In addition, a continuous increase in the number of subscribers and new application areas of wireless technologies has created potential growth opportunities for the 5G technology market.
East Asia is expected to Create Higher Growth Opportunities
East Asia is expected to hold a significant share in the global 5G Technology market during the forecast period. The continuous developments in the network infrastructure of countries in the region is fuelling the growth of the 5G Technology market. Moreover, the growing need for high-performance and faster data transfer equipment is also creating substantial demand for 5G technology.
Furthermore, increasing investments in telecommunication sectors by countries in the region, including China, Japan, and South Korea are expected to drive the 5G Technology market. Also, the growing demand for large and high-speed network coverage from numerous industries in the region is fuelling the growth of the 5G technology market. Apart from this, the increasing number of 5G trails is supporting the growth of 5G technology market in the region.
For instance, in February 2017, China Mobile has started 5G field trials in 2017 and it is planning to pre commercialize 5G technology trials in 2019. Also, the Government of China announced plans for the secure quantum communication backbone network and 5G technology and network.
Partnerships and Collaboration between Telecommunication Service Providers and Network Equipment Manufacture will Drive Future Growth Avenues
According to FMI analysis, strategic partnerships and long-term agreements among the telecommunication service providers and network equipment manufacturers are expected to drive the growth of 5G technology market and helps in escalating revenue and new innovation strategies for the providers of 5G technology. Moreover, continuous innovations in 5G technology use cases is also expected to help the providers of 5G technology create value for their shareholders and to accelerate revenue growth.
For instance, in December 2018, Ericsson, SK Telecom, and Qualcomm Technologies, Inc. entered into the partnership and have successfully carried out a 5G NR data call on mid-band over SKT’s live, 5G commercial network in Busan, South Korea. Other key participants in the global 5G technology market include Deutsche Telekom AG, Nokia Networks, Telecom Italia, AT&T, Inc., Huawei Technologies Co. Ltd., Orange, S.A., China Mobile Limited, KT Corporation, and Verizon Communications, Inc.
Future Market Insights (FMI) offers a 10-year forecast for the 5G technology market between 2018 and 2028. In terms of value, the 5G technology market is expected to register a robust growth rates during the forecast period. The study provides the global market dynamics and trends across seven regions: North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa, which influence the current nature and the future status of the 5G technology market over the forecast period.
5G Technology Report Description
This research report provides a detailed analysis of the 5G technology market and offers insights about the various factors driving the popularity of 5G technology. The 5G technology market report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The 5G technology market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The 5G technology market report includes the market segmentation on the basis of technology, application, vertical, and region.
The 5G technology market is expected to witness significant value growth during the forecast period, owing to the rapid development in telecommunication infrastructure and the heavy investments for the trails and commercialization of 5G technology.
The global 5G technology market report starts with an overview of the 5G technology market in terms of value. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the 5G technology market.
On the basis of technology, the 5G technology market has been segmented into 5G RAN, 5G NG Core, NFVI, Routing Backhaul, and Optical Backhaul, and Others. On the basis of application, the 5G technology market has been segmented into Virtual & Augmented Reality, Connected Automotive, Smart Manufacturing, Connected Energy, Wireless eHealth, Connected Drones, Smart Cities, Others. On the basis of vertical, the 5G technology market has been segmented into Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Public Safety, Healthcare, Agriculture, and Others. A detailed analysis has been provided for every segment in terms of the market size analysis of the 5G technology market across different regions. This section provides a detailed analysis covering the key trends prevalent in the global 5G technology market.
The next section of the global 5G technology market report covers a detailed analysis of the 5G technology market across various countries in the region. It provides an outlook for the 5G technology market for 2018–2028, and sets the forecast within the context of the 5G technology market. This study discusses the key trends within countries contributing to the growth of the 5G technology market, as well as analyses the degrees at which the drivers are influencing 5G technology market in each region.
The key regions and countries assessed in the 5G technology market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Italy, France, Russia, Spain, BENELUX, and the Rest of Europe), South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia), East Asia (Japan, China, South Korea), Oceania (Australia, New Zealand), and Middle East & Africa (GCC Countries, North Africa, Turkey, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the 5G technology market across various regions globally for the period 2018 –2028. We have considered 2018 as the base year, and provided data for the remaining 12 months.
To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the 5G technology market is expected to grow in the future. Given the characteristics of the global 5G technology market, we have triangulated the outcomes of different types of analysis based on the technology trends.
As previously highlighted, the global 5G technology market has been split into a number of segments. All segments on the basis of technology, application, vertical, and region have been analysed in terms of basis points to understand the relative contribution of each individual segment to the growth of the 5G technology market. This detailed information is important for the identification of various key trends in the global 5G technology market.
In addition, another key feature of the global 5G technology market report includes the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market, however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify the potential resources from a sales and delivery perspective in the global 5G technology market.
In the final section of the global 5G technology market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the 5G technology market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment of the 5G technology supply chain and the potential players for the same.
Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the 5G technology market. Some of the key competitors covered in the 5G technology market report are Deutsche Telekom AG, Ericsson, SK Telecom, Qualcomm Technologies, Inc. Nokia Networks, Telecom Italia, AT&T, Inc., Huawei Technologies Co. Ltd., Orange, S.A., China Mobile Limited, KT Corporation, and Verizon Communications, Inc.