Market Overview
- The Global 5G Technology Market is expected to grow at a CAGR of 98.17% during the forecasting period (2020-2027).
- Due to the rise in mobile data services by people all around the world will grow the market for 5G Technology in the forecast period.
- 5G is the fifth-generation cellular network technology. 5G networks are digital cellular networks, in which the service area covered by providers is divided into small geographical areas called cells. Analog signals representing sounds and images are digitized in the phone, converted by an analog to digital converter, and transmitted as a stream of bits.5G will provide virtually ubiquitous, ultra-high bandwidth, and low latency "connectivity" not only to individual users but also to connected objects.
- The report covers all the major trends and drivers playing a key role in the growth of the 5G Technology market.5G Technology market is segmented by Application and Region.
Download free sample: https://www.datamintelligence.com/download-sample/5g-technology-market
Market Dynamics
- The global 5G Technology is primarily driven by the rise in mobile data services by people all around the world. With the increase in the usage of smart mobile phones & tablets across the globe, there is a high demand for the 5G enabled phones after the commercialization of the 5G technology will be the major driving for the 5G technology market in the forecast period. Increasing demand for the 5G enabled mobile phone is asking the mobile manufacturing vendors to launch new 5G enabled phones in the market. For instance, Samsung has taken the plunge into 5G with the Samsung Galaxy S10 5G, the super-fast variant of the Samsung Galaxy S10 range it launched in February 2019. It's a major upgrade over the standard S10, with a bigger screen and better camera as well as that 5G capability. The Samsung Galaxy S10 5G phone is slowly rolling out to markets across the world now, but expect to pay a premium over the standard Samsung Galaxy S10.
- The growth in the connected smart devices across the globe due to the rise in the IoT will be the driver for the 5G technology market in the forecast period. The growing adoption and large investment in the smart cities by the various countries all around will be asking for large connected devices like smart meters, smart grid, smart, smart video surveillance, and others. The market expects over 50 billion devices to be connected to mobile networks worldwide by 2020. For instance, the Government of India (GoI) announced the 30 new cities under Smart Cities Mission, taking the total number of proposed smart cities to 90 cities. The government has announced to develop 100 smart cities in India. The government has planned to invest INR 1.91 trillion (US$ 30 billion) for the 89 cities under the mission. As per the proposed investment, 80% of the funds would be spent on area-based development (ABD) and the remaining 20% of the funds on ICT Solutions.
- However, due to high initial infrastructure development cost will be hampering the growth of 5G Technology in the forecast period.
Segmentation Analysis
- By Application, the global 5G Technology market is segmented into Automotive, Energy & Utilities, Retail, Intelligent Buildings & Infrastructures, Industrial Automation, Consumer Electronics, Public Infrastructure, and Others. Intelligent buildings & infrastructure have the dominant position in the 5G Technology market and are expected to retain its dominance in the forecasted period due to the increase in urban population coupled with the rise in the internet penetration in the developing countries like Brazil, China, and India. However, Automotive is also gaining the market due to the increasing demand of the autonomous vehicles with 5G enabled as there is low latency making it safer. It is expected that Intelligent buildings & infrastructure market will grow at a CAGR of ~XX% during the forecast period.
Geographical Analysis
- By geography, the global 5G Technology market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
- North America holds the largest market share for 5G Technology due to the rise in the autonomous cars, video-on-demand market, and growing trend in smart cities. With the development of fully automated autonomous vehicle in the region and high demand of the autonomous vehicles in the region will boost the market for the 5G technology in the region because of low latency in 5G allows the connected cars to access the conditions real-time making the journey safe and sound. The North America video-on-demand (VOD) services account for around 50% of the market share in VOD services all around the world and hence will be driving the market for the forecast period.
- APAC region5G Technology market will be growing with a higher CAGR due to the rise in the smart cities' culture because of the rise of the population in the urban area. So, to use the resources optimistically by the population, smart cities' culture is rising in the APAC region especially in India. With the high demand for 5G technology and support by China, the government will be driving the market for the 5G technology market in the APAC region market. For instance, China grants commercial licenses to 4 telecom companies to launch 5G services. The Ministry of Industry and Information Technology (MIIT) issued 5G commercial licenses to China Telecom, China Mobile, China Unicom, and China Radio and Television. Chinese officials say a comprehensive deployment of the network will help develop industrial manufacturing, internet-connected cars, healthcare, smart city management, and Artificial Intelligence (AI).
Competitive Analysis
- Key players are adopting strategies such as investing in R&D, new product launches, expansion in Technology to stand out as strong competitors in the market. Global 5G Technology is a competitive market with the presence of various global and regional players in the market. The major players Qualcomm, Intel, Ericsson, Samsung, and Qorvo. Other key players in the market include AT&T, Huawei, Nokia, MediaTek, Cisco, Cavium, Analog Devices, Verizon Communications, SK Telecom, and T-Mobile.
- In June 2019, Huawei obtains 46 commercial 5G contracts from 30 countries despite the US ban. However, details of the countries where the company has managed to obtain the contracts have not been revealed, official media here reported.
- In May 2019, Qualcomm and EE Bring 5G to the UK with the Launch of the First Commercial 5G Service. Premium 5G Devices Based on Qualcomm® Snapdragon™ 855 Mobile Platform with Snapdragon X50 5G Modem and RF Front-End Solutions Offer UK Consumers Multi-gigabit Peak Speeds and Extreme Low-latency.
View full report: https://www.datamintelligence.com/research-report/5g-technology-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/5g-technology-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
According to Stratistics MRC, the Global 5G Technology Market is accounted for $33.67 billion in 2017 and is expected to reach $3482.89 billion by 2026 growing at a CAGR of 67.44% during the forecast period.
Some of the key factors influencing the market growth include Rapid growing demand for high internet speed in order to get real time response, increasing demand for broadband services over mobile networks.
However, lack of skilled engineers to install and maintain the 5G network is restricting the market growth.5G technology is projected to have a massive impact on next-gen infrastructures.
The technology operates with a 5 GHz signal and offers a speed up to 1GB per second.Based on the communication infrastructure, small cells are expected to grow at a significant market share during the forecast period.
Small cells are low-powered portable base stations that can be placed throughout cities.
Small cells’ low-profile antennas make them unobtrusive, but their sheer numbers make them difficult to set up in rural areas.Request for Report sample 5G Technology Market : https://www.trendsmarketresearch.com/report/sample/11358By Geography, North America is likely to remain at the forefront for 5G technology adoption during the forecast period.
The global 5G Technology Market is expected to witness significant growth over from 2016 to 2024 (forecast period).
These include autonomous driving, distant learning, video conferencing & multi-user gaming, telemedicine, and opera live streaming.
High rates of data transfer along with low power consumption will also exhibit a positive impact.Browse Details of Report @ https://www.hexaresearch.com/research-report/5g-technology-marketPopularity of high-speed internet for enhanced real-time response will propel the global 5G technology industry in the years to come.
However, the dependence of this technology on other technologies, such as millimeter wave propagation and IPv6 transmission protocol could restrict market performance.The global industry is categorized on the basis of technologies, applications, and regions.
Owing to high investments in research & development, the application segment is led by government & utilities.Geographically, the global 5G technology market is divided into Europe, North America, Asia Pacific, and Rest of the World.
The Asia-Pacific market too will register significant growth.
The Global 5G Technology Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global 5G Technology Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10291-5g-technology-market-reportThe report also covers the complete competitive landscape of the global 5G Technology market with company profiles of key players such as:Cisco Systems, Inc.Nokia CorporationSamsung Electronics Co., Ltd.EricssonQualcomm Inc.Huawei Investment & Holding Co., Ltd.Intel CorporationVerizon Communications Inc.T-Mobile USA, Inc.AT Inc.KT Corp.SK Telecom Co., Ltd.LG Electronics, Inc.China Mobile LimitedNEC CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:AutomotiveVehicle-To-Vehicle (V2V)Vehicle-To-Infrastructure (V2I)Vehicle-To-Pedestrian (V2P)Vehicle-To-Network (V2N)Advanced Driver Assistance Systems (ADAS)Road Safety and Traffic EfficiencyDigital LogisticsIntelligent NavigationEnergy and UtilitySmart GridConnected LogisticsConnected PipelinesMobile Workforce ManagementAsset ManagementPhysical SecurityHealthcareConnected HealthMhealthTelemedicineRetailSupply Chain ManagementField Force TrackingRemote MonitoringField Force Productivity and AutomationEnd Consumer Retail AutomationIntelligent Buildings and InfrastructureParking ManagementFacility Management and Energy OptimizationIndustrial AutomationMachine-Type Communication (MTC)Remote MachineryImpact of IoTConsumer ElectronicsSmart TVS and Smart TV ConsolesSmart AppliancesWearable DevicesHome AutomationLighting ControlSecurity and Access ControlHVAC ConttrolEntertainment and Other ControlsPublic Safety and SurveillanceSurveillance SystemsC2/C4ISR SystemEmergency and Disaster ManagementPublic Address and General AlarmBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global 5G Technology Market @ https://www.decisiondatabases.com/contact/download-sample-10291The Global 5G Technology Market has been exhibited in detail in the following chapters –Chapter 1 5G Technology Market PrefaceChapter 2 Executive SummaryChapter 3 5G Technology Industry AnalysisChapter 4 5G Technology Market Value Chain AnalysisChapter 5 5G Technology Market Analysis By ApplicationsChapter 6 5G Technology Market Analysis By GeographyChapter 7 Competitive Landscape Of 5G Technology CompaniesChapter 8 Company Profiles Of 5G Technology IndustryPurchase the complete Global 5G Technology Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10291Other Reports by DecisionDatabases.com:Global 5G Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global 5G Wireless Ecosystem Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
