The 5G technology enables strong communication for serious applications, such as in medical treatment of patients. It helps in diagnostics, imaging, and treatment, thereby providing resource management quality care; agriculture; and transportation. With a single physical 5g network it offers mobile operators to create multiple virtual networks Due to the high growing import of high speed connectivity global 5G Equipment Market size is expected to reach an exponential growth in the forecasted period. Global 5G Equipment market revenue was valued at USD XX million in 2020.
Increasing proliferation of devices such as smartphones, tablets have led to growth in the demand for network capacity for these connected devices. In today’s world speed is a factor of utmost importance. 5G equipment cater to this requirement in the most appropriate manner. Companies and industries are equipping themselves with high speed connectivity to sustain in the competitive markets by enhancing their productivity. Furthermore, the accelerated integration of cloud based business and manufacturing processes has accentuated the need for high speed 5G equipment. However, the extraordinary cost and lack of network availability in the developing countries can hamper the penetration of 5G equipment in these markets. The increasing focus of the telecom carriers to reduce their dependency on hard network and make a transition to server-based infrastructure is one of the primary trend expected drive the 5G equipment growth during the forecast period.
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• Historic Period: 2015-2017
• Base Year: 2018
• Forecast Period: 20190-2026
• Key Segments: Regions and End-Users
• Key Players: Huawei Technologies, AT&T, Vodafone and Sprint Corporation among others
Based on geography, North America is expected to accounted for the largest market share in 2019. High technology proliferation and increasing number of smartphone user and tablets have assisted the region to garnet the highest revenue. The region is expected to grow at a stagnant rate over the forecast period.
However, Asia-Pacific is expected to be the most attractive region exhibiting the fastest CAGR over forecast period majorly due to rapid technological advancements associated with the fast paced industrialization occurring throughout the region. The increasing level of disposable income in these areas enable higher adoption of 5G equipment, thereby driving the market growth. Countries such as China and Japan are expected to be the largest market for 5G equipment during the forecast period.
Some of the primary 5G equipment market players include Ericsson, Verizon, Qualcomm, Nokia, Vodafone, AT&T, Huawei Technologies, Samsung, ZTE Corporation and Sprint Corporation
5G Equipment Market Key Segments:
On the Basis of End-Users:
• Non-retail Sector
• Retail Sector
On the Basis of Region:
• Rest of Europe
• North America
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
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