5G Market Future Growth Opportunities 2023-2029 by Key Players | Batelco , Vodafone , Touch Lebanon , Egypt Telecom
Latest Study on Industrial Growth of 5G Market 2023-2029. A detailed study accumulated to offer Latest insights about acute features of the 5G Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The market includes news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The 5G market is anticipated to register an expansion at a CAGR of 71.5% during the forecast period, 2023–2029.
Key Players in This Report Include:
Batelco, Vodafone, Touch Lebanon, Egypt Telecom, MTN, Ericsson, Nokia, Samsung, ZTE, STC, Cisco, MCI, Qualcomm, Huawei, Zain, Alfa, Du, Etisalat, Omantel, Xiaomi, Ooredoo, Viva
- In September 2022, ZTE is collaborating with China Mobile Research Institute, China Transport Telecom & Information Group, the Beijing Branch of China Mobile, and other partners to showcase the world’s first 5G NTN (Non-Terrestrial Network) field trial at the 5G-Advanced Industry Development Summit in Beijing.
- In February 2022, AT&T and IBM have announced plans to show the digital transformation potential of 5G wireless networking and edge computing. AT&T and IBM have created simulated environments for enterprise clients to physically experience the power of AT&T’s connectivity with hybrid cloud and AI technology from IBM.
- In January 2021, AT&T launched its 5G+ services in some popular areas and venues across Tampa, such as Channel District, Raymond James stadium, and Tampa International Airport in the US.
- In January 2021, Nokia partnered with China Mobile for the successful trialing of AI-powered RANs to predict bandwidth traffic and detect network anomalies to advance the 5G-RAN architecture.
- In January 2021, T-Mobile together with Ericsson and Nokia signed a five-year, multi-billion-dollar agreements to continue advancing and expanding the country’s largest 5G network.
- In February 2021, Verizon Business and Deloitte unveiled a 5G and MEC retail industry digital platform, which is designed to give retailers the ability to store data with near real-time analytics to improve customer engagement, inventory efficiency, and associate productivity.
Download Free Sample Report PDF (Including Full TOC, Table & Figures):
The 5G market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market, opportunities and upcoming challenges and about the competitors.
The 5G Market segments and Market Data Break Down are illuminated below
By Type:
VNO
FWA
By Application:
Software Defined Networking (SDN)
Network Function Virtualization (NFV)
Mobile Edge Computing (MEC)
Fog Computing (FC)
The 5G market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Have a query? Market an enquiry before purchase:
5G Services Market Growth Dynamics
Driver: Timely availability of 5G compatible devices from several vendors
As per Ericsson Mobility Report 2022, over 650 5G smartphone models have been launched, accounting for 50 percent of all 5G devices by form factor. 5G device shipments more than doubled in 2021 over 2020 and surpassed 615 million units shipped. There is a greater focus on smartphone standalone (SA) enablement, including 3CC New Radio (NR) carrier aggregation. Global smartphone shipments rose 6 percent in 2021 compared with 2020. Apart from improved device capabilities, a wider range of 5G smartphone models are now available in the mid-tier price segment. This means that 5G smartphones are becoming increasingly affordable for more market segments. This will drive the 5G services market as more and more users can afford the device and use the 5G network.
Restraint: High costs required for deployment of 5G network
New 5G technology requires new infrastructure to be installed for its operation. The costs of the 5G infrastructure depends heavily on the required throughput density, periodic interest rate, and base station price. The new 5G network requires huge investments in the infrastructure for which not all countries are able to afford, especially the under-developed and the developing ones. In the enterprise section, companies have to look at the budget and the security of 5G network is still under observation. These factors have led a slow down in the deployment of 5G services network.
Opportunity: To move beyond connectivity and collaborate across sectors to deliver new, rich services
The new 5G era can be characterized as the age of boundless connectivity for all and an intelligent automation, enriching people’s lives and transforming industrial processes. The world today rely more on mobile connectivity, and 5G is expected to turbo-charge connectivity to deliver mobile data services. 5G networks will integrate with 4G and alternative network technologies to deliver a boundless, high-speed, reliable and secure broadband experience, and support a plethora of use cases for society. This technology has created an opportunity for telcos to move beyond connectivity and collaborate across sectors, such as finance, transport, retail, and health to deliver new, rich services. With 5G acting as a catalyst for innovation, it has allowed the industry, society, and individual to advance their digital ambitions. It has enabled machines to communicate without human intervention in an IoT capable of driving a near-endless array of services. It has facilitated safer, more efficient and cost-effective transport networks. It also aims to offer improved access to medical treatment by reliably connecting patients and doctors all over the globe. The 5G technology will enable richer, smarter, and more convenient living and working. Hence, 5G is an opportunity for telcos to create an agile, purpose-built network tailored to the different needs of citizens and the economy.
Following are the various regions covered by the 5G Market research report:
North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, and Rest of APAC), South America (Brazil, Argentina, Columbia and Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, Nigeria, UAE and Rest of MEA)
5G+: A Strategy Introduced by Market Players in China to Encourage the Integration of 5G Technology!
With big enterprises in China and Japan, Asia Pacific is a crucial location for the 5G technology industry. China is the dominating and profitable 5G technology market, with a revenue share of 66.8%. In China, the market for 5G technology is expected to be worth US$ 677.8 billion. Key parties strive to continue pushing for the building of a 5G plus gigabit fiber network, as well as to enhance multi-frequency collaboration, co-construction, and sharing.
Key players in China aim to strengthen 5G private networks and accelerate the scaled rollout of 5G apps. Venture capital and private equity, along with important enterprises throughout the industrial chain, are actively participating in the investment in the 5G ecosystem. Currently, the investment is being directed toward fundamental technologies such as Artificial Intelligence (AI), Big Data, and Visual Technology, as well as downstream application scenarios such as smart mobility and smart healthcare.
Market Players in Japan are Involved in Heavy Investments to Expand their 5G Networks!
Japan is a very lucrative 5G technology market, with a revenue growth rate of 59.1% and a predicted value of US$ 290.4 billion during the projection period. Four different carriers in Japan are projected to invest more than UD$ 14 billion in capital expenditures over the next few years. This is primarily for expenditures in base stations, servers, and fiber optics as they expand their 5G networks.
Key companies in Japan are providing extraordinary technologies to accelerate the country’s adoption of 5G technology. NTT Docomo, for example, claims to offer the world’s first commercial 5G Standalone (SA) network that allows devices to access both mid-band (sub-6 GHz) and mmWave frequencies at the same time, a feature known as 5G NR Dual Connectivity. According to Fitch Research, 5G is likely to become the dominant cellular technology in Japan by 2026. By 2029, the country may have around 45 million 4G subscribers and more than 151 million 5G subscriptions.
Key Points Covered in Market Report:
-Market Overview, Definition and Classification Market drivers and barriers
-Market Competition by Manufacturers
-Impact Analysis of COVID-19 on Market
-Market Capacity, Production, Revenue (Value) by region (2023-2029)
-5G Supply (Production), Consumption, Export, Import by Region (2023-2029)
– 5G market Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
-5G Manufacturers Profiles/Analysis & Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
-Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.
Buy Now Link:
https://www.marketintelligencedata.com/report/purchase/7672915?mode=su?Mode=S74
Objectives of the Report
- To carefully analyses and forecast the size of the market by value and volume.
- To estimate the market shares of major segments of the 5G
- To showcase the development of the market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the 5G market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the 5G
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the 5G market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Key questions answered
– How feasible is 5G market for long-term investment?
– What are influencing factors driving the demand for 5G near future?
– What is the impact analysis of various factors in the 5G market growth?
– What are the recent trends in the regional 5G market and how successful they are?
We offer customization on the 5G market report based on specific client requirements:
- 20% customization.
- 5 Countries can be added as per your choice.
- 5 Companies can add as per your choice.
- Free customization for up to 40 hours.
- After-sales support for 1 year from the date of delivery.
Thank you for your interest in the 5G Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.
Contact us:
Irfan Tamboli (Head of Sales) – Market Intelligence Data
Phone: +1 (704) 266-3234 | +91-750-707-8687
Mail to: sales@marketintelligencedata.com
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
Xherald
