5G Technology Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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5G Technology Market: By Component (Hardware, Software, and Services), By Connectivity (Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low Latency Communication (URLLC) and Massive Machine Type Communication (MMTC)), By Application (Automation, Monitoring & Tracking, Connected Vehicle, Smart Surveillance, VR & AR, Enhanced Video Services, and Others), By End User (Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, and Others), and Geography

 

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Report

Description

5G technology market size was valued at USD 5,372.8 million in 2021 and is expected to grow at a significant CAGR of 23.5% over 2022-2028. 5G networks deliver an improved internet experience of 1 Gbps and 10ms and a basis for cloud and AI-based services. To satisfy the rising demand for mobile broadband services, network capacity must be increased by a new spectrum, resulting in widespread adoption of the 5G core for the implementation of 5G technology for improved mobile broadband services. Reduced latency in 5G, growing adoption of virtual networking architecture in telecoms, and higher mobile data traffic are driving the industry. Increasing M2M connectivity across multiple industries is predicted to fuel 5G infrastructure growth throughout the forecast period. To enhance their market share and geographical presence, players have used tactics such as collaboration, partnership, product introduction, R&D, and acquisition. The growing popularity of IoT uses cases in various industries that require wide-area connectivity and the capacity to manage many connections has spurred demand for massive IoT solutions. Massive IoT is gradually gaining traction as a new focus for IoT connectivity. 5G networks are expected to facilitate a massive deployment of intelligent IoT nodes in various settings. It will also provide a firm platform for the widespread adoption of critical communications services. During the projection period, the manufacturing segment of the 5G services market is expected to have a bigger market share. The demand for seamless connectivity to drive industrial devices such as robots and actuators is growing. This will allow future factories to be more efficient, networked, and flexible. Inside factories, 5G will make manufacturing procedures easier, such as more efficient production lines (with machine vision and high-definition video for process management), factory AGVs (autonomous transportation), and machine control, all with latency of less than 5ms using URLLC.

Key Developments:

In November 2021, Ericsson enters into agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, with unanimous approval of the Vonage Board of Directors. Acquisition underlines Ericsson strategy to expand its presence in wireless enterprise and broaden its global offerings.

In Feb 2020, Huawei Consumer Business Group (BG) hosted a virtual launch in Barcelona, Spain, during which it announced a series of new 5G products and strategy that demonstrate the full capabilities of its all-scenario ecosystem.

5G Technology Market

MARKET SUMMARY
-
23.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 23.5%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Asia-Pacific

5G Technology Market

  • The 5g technology market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The 5g technology market report gives historical, current, and future market sizes (US$ Mn) based on component, connectivity, application, end-user, and geography.
Key Players
  • Qualcomm Inc
  • Telecom Italia
  • Telstra,
  • T-Mobile
  • Intel Corporation.
5G Technology Market Dynamics

The growing focus of 5G system integration providers on forming agreements with telecom operators is expected to boost uptake of these services. The continued focus on improving energy monitoring and management, as well as gaining greater control of the energy production and distribution network, is expected to boost market growth over the forecast period. Market expansion is predicted to be impeded by high spectrum cost and probable rises in 5G service subscription rates. Several major service providers around the world are investing in modern network infrastructure to reach the greatest potential user base while the business is still in its early phases.


Asia-Pacific Got Significant Share

5G Technology Market

In terms of 5G R&D, network design/deployment, and the presence of important industry players, North America is one of the main markets for 5G infrastructure. North America is noted for its rapid adoption of modern technologies such as the Internet of Things (IoT), wearable technology, and autonomous/connected vehicles. 5G provides the reliable and fast connectivity that these technologies require. As a result, the market in North America can be predicted to grow rapidly. Asia Pacific has the second-largest market in 2021 and is estimated to expand further at the fastest CAGR during the forecast period. Key market players in APAC, such as China Telecom, China Mobile, SK Telecom, and KT Corp., are investing aggressively in rolling out the 5G network infrastructure in China, Japan, and South Korea.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The 5g technology market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
5G Technology Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The 5g technology market is projected to expand at a CAGR of 23.5% during the forecast period.

Deutsche Telekom AG,Huawei Technology, Qualcomm Inc, Nokia, Intel Corporation.

 

Asia-Pacific is the fastest-growing region for 5g technology market


Report

Table Of Content

1. Executive Summary
2. Global 5G Technology Market Introduction
2.1. Global 5G Technology Market – Taxonomy
2.2. Global 5G Technology Market –Definitions
2.2.1. Component
2.2.2. Connectivity
2.2.3. Application
2.2.4. End User
2.2.5. Region
3. Global 5G Technology Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global 5G Technology Market Dynamic Factors – Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios – Pessimistic, Conservative and Opportunistic
3.8. Mapping Market Players Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations and Mergers
4. Global 5G Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global 5G Technology Market Forecast, By Component, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1. Hardware
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Software
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Services
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global 5G Technology Market Forecast, By Connectivity, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1. Enhanced Mobile Broadband (EMBB)
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Ultra-Reliable Low Latency Communication (URLLC)
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Massive Machine Type Communication (MMTC)
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Market Opportunity Analysis Global 5G Technology Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1. Automation
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Monitoring & Tracking
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Connected Vehicle
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4.  Smart Surveillance
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. VR & AR
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Enhanced Video Services
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Others
7.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Market Opportunity Analysis Global 5G Technology Market Forecast, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1. Manufacturing
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2.  Automotive
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Energy & Utilities
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Transportation & Logistics
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Healthcare, Government
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Media & Entertainment
8.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Others
8.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
9. Global 5G Technology Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global 5G Technology Market – Opportunity Analysis Index, By Component, Connectivity, Application, End User, and Region, 2022 – 2028
10. North America 5G Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hardware
10.1.2. Software
10.1.3. Services
10.2. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Enhanced Mobile Broadband (EMBB)
10.2.2. Ultra-Reliable Low Latency Communication (URLLC)
10.2.3. Massive Machine Type Communication (MMTC)
10.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Automation
10.3.2. Monitoring & Tracking
10.3.3. Connected Vehicle
10.3.4.  Smart Surveillance
10.3.5. VR & AR
10.3.6. Enhanced Video Services
10.3.7. Others
10.4. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Manufacturing
10.4.2.  Automotive
10.4.3. Energy & Utilities
10.4.4. Transportation & Logistics
10.4.5. Healthcare, Government
10.4.6. Media & Entertainment
10.4.7. Others
10.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
10.5.1. U.S.
10.5.2. Canada
10.6. North America 5G Technology Market – Opportunity Analysis Index, By Component, Application and Country, 2022 – 2028
10.7. North America 5G Technology Market Dynamics – Trends
11. Europe 5G Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
11.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hardware
11.1.2. Software
11.1.3. Services
11.2. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Enhanced Mobile Broadband (EMBB)
11.2.2. Ultra-Reliable Low Latency Communication (URLLC)
11.2.3. Massive Machine Type Communication (MMTC)
11.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Automation
11.3.2. Monitoring & Tracking
11.3.3. Connected Vehicle
11.3.4.  Smart Surveillance
11.3.5. VR & AR
11.3.6. Enhanced Video Services
11.3.7. Others
11.4. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Manufacturing
11.4.2.  Automotive
11.4.3. Energy & Utilities
11.4.4. Transportation & Logistics
11.4.5. Healthcare, Government
11.4.6. Media & Entertainment
11.4.7. Others
11.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Italy
11.5.5. Spain
11.5.6. Rest of Europe
11.6. Europe 5G Technology Market – Opportunity Analysis Index, By Component, Application and Country, 2022 – 2028
11.7. Europe 5G Technology Market Dynamics – Trends
12. Asia-Pacific 5G Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
12.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hardware
12.1.2. Software
12.1.3. Services
12.2. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Enhanced Mobile Broadband (EMBB)
12.2.2. Ultra-Reliable Low Latency Communication (URLLC)
12.2.3. Massive Machine Type Communication (MMTC)
12.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Automation
12.3.2. Monitoring & Tracking
12.3.3. Connected Vehicle
12.3.4.  Smart Surveillance
12.3.5. VR & AR
12.3.6. Enhanced Video Services
12.3.7. Others
12.4. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Manufacturing
12.4.2.  Automotive
12.4.3. Energy & Utilities
12.4.4. Transportation & Logistics
12.4.5. Healthcare, Government
12.4.6. Media & Entertainment
12.4.7. Others
12.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Rest of Asia-Pacific
12.6. Asia-Pacific 5G Technology Market – Opportunity Analysis Index, By Component, Application and Country, 2022 – 2028
12.7. Asia-Pacific 5G Technology Market Dynamics – Trends
13. Latin America 5G Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
13.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hardware
13.1.2. Software
13.1.3. Services
13.2. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Enhanced Mobile Broadband (EMBB)
13.2.2. Ultra-Reliable Low Latency Communication (URLLC)
13.2.3. Massive Machine Type Communication (MMTC)
13.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Automation
13.3.2. Monitoring & Tracking
13.3.3. Connected Vehicle
13.3.4.  Smart Surveillance
13.3.5. VR & AR
13.3.6. Enhanced Video Services
13.3.7. Others
13.4. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Manufacturing
13.4.2.  Automotive
13.4.3. Energy & Utilities
13.4.4. Transportation & Logistics
13.4.5. Healthcare, Government
13.4.6. Media & Entertainment
13.4.7. Others
13.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Argentina
13.5.3. Rest of Latin America
13.6. Latin America 5G Technology Market – Opportunity Analysis Index, By Component, Application and Country, 2022 – 2028
13.7. Latin America 5G Technology Market Dynamics – Trends
14. Middle East and Africa 5G Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
14.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hardware
14.1.2. Software
14.1.3. Services
14.2. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Enhanced Mobile Broadband (EMBB)
14.2.2. Ultra-Reliable Low Latency Communication (URLLC)
14.2.3. Massive Machine Type Communication (MMTC)
14.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Automation
14.3.2. Monitoring & Tracking
14.3.3. Connected Vehicle
14.3.4.  Smart Surveillance
14.3.5. VR & AR
14.3.6. Enhanced Video Services
14.3.7. Others
14.4. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Manufacturing
14.4.2.  Automotive
14.4.3. Energy & Utilities
14.4.4. Transportation & Logistics
14.4.5. Healthcare, Government
14.4.6. Media & Entertainment
14.4.7. Others
14.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Saudi Arabia
14.5.2. GCC Countries
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA 5G Technology Market – Opportunity Analysis Index, By Component, Application and Country, 2022 – 2028
14.7. MEA 5G Technology Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Component Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Deutsche Telekom AG
15.2.2. Ericsson
15.2.3. Huawei Technology
15.2.4. Nokia
15.2.5. Orange S.A
15.2.6. Qualcomm Inc
15.2.7. Telecom Italia
15.2.8. Telstra
15.2.9. T-Mobile
15.2.10. Intel Corporation
15.2.11. BT
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Deutsche Telekom AG
  • Ericsson
  • Huawei Technology
  • Nokia
  • Orange S.A
  • Qualcomm Inc
  • Telecom Italia
  • Telstra,
  • T-Mobile
  • Intel Corporation.

Description

5G technology market size was valued at USD 5,372.8 million in 2021 and is expected to grow at a significant CAGR of 23.5% over 2022-2028. 5G networks deliver an improved internet experience of 1 Gbps and 10ms and a basis for cloud and AI-based services. To satisfy the rising demand for mobile broadband services, network capacity must be increased by a new spectrum, resulting in widespread adoption of the 5G core for the implementation of 5G technology for improved mobile broadband services. Reduced latency in 5G, growing adoption of virtual networking architecture in telecoms, and higher mobile data traffic are driving the industry. Increasing M2M connectivity across multiple industries is predicted to fuel 5G infrastructure growth throughout the forecast period. To enhance their market share and geographical presence, players have used tactics such as collaboration, partnership, product introduction, R&D, and acquisition. The growing popularity of IoT uses cases in various industries that require wide-area connectivity and the capacity to manage many connections has spurred demand for massive IoT solutions. Massive IoT is gradually gaining traction as a new focus for IoT connectivity. 5G networks are expected to facilitate a massive deployment of intelligent IoT nodes in various settings. It will also provide a firm platform for the widespread adoption of critical communications services. During the projection period, the manufacturing segment of the 5G services market is expected to have a bigger market share. The demand for seamless connectivity to drive industrial devices such as robots and actuators is growing. This will allow future factories to be more efficient, networked, and flexible. Inside factories, 5G will make manufacturing procedures easier, such as more efficient production lines (with machine vision and high-definition video for process management), factory AGVs (autonomous transportation), and machine control, all with latency of less than 5ms using URLLC.

Key Developments:

In November 2021, Ericsson enters into agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, with unanimous approval of the Vonage Board of Directors. Acquisition underlines Ericsson strategy to expand its presence in wireless enterprise and broaden its global offerings.

In Feb 2020, Huawei Consumer Business Group (BG) hosted a virtual launch in Barcelona, Spain, during which it announced a series of new 5G products and strategy that demonstrate the full capabilities of its all-scenario ecosystem.

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