The 5G Technologies by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 5G Technologies, The 5g technologies market size has grown exponentially in recent years. It will grow from $17.24 billion in 2023 to $28.33 billion in 2024 at a compound annual growth rate (CAGR) of 64.4%. The growth in the historic period can be attributed to increase in data volume generation, increasing adoption of 5g networks, increasing number of internet users, and strong economic growth in emerging markets.
The 5g technologies market size is expected to see exponential growth in the next few years. It will grow to $148.66 billion in 2028 at a compound annual growth rate (CAGR) of 51.3%. The growth in the forecast period can be attributed to government initiatives, increasing smart homes, growth in number of iot devices, and increasing investments. Major trends in the forecast period include focus on the use of machine learning technology, focus on artificial intelligence, launching innovative products, and partnerships and collaborations to improve revenues and product offerings.
The 5G technologies market is expected to be supported by rapid growth in smart homes in the forecast period. A smart home is a residence that uses internet-connected devices to enable the remote monitoring and management of appliances and systems. 5G technologies provide both home security and home automation. Increasing smart homes is driving the need for 5G technologies for homes that can be accessed remotely. For instance, according to CITyFiED, a Spain-based project funded by the European Union’s Seventh Program, the number of smart homes in Europe is expected to reach 84 million by 2022, with Germany, the UK, and France pushing the market forward. For instance, the smart home penetration rate in the UK is expected to reach 63% by 2025. Therefore, increasing smart homes is expected to act as a driver for the 5G technologies market.
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The 5g technologies market covered in this report is segmented –
1) 5G Technologies Market By Communication Infrastructure: Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)
2) 5G Technologies Market By End-User: Automotive, Industrial, Consumer Electronics, Healthcare, Telecom, Other End-Users
3) 5G Technologies Market By Core Network Technology: Software-Defined Networking (SDN), Network Functions Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC)
4) 5G Technologies Market By Chipset Type: ASIC Chips, RFIC Chips, Millimeter Wave Technology Chips, Field-Programmable Gate Array (FPGA)
Top Major Players
Ericsson
Nokia
Qualcomm Technologies Inc.
Intel Corporation
Broadcom
The increasing collaborations between 5G technology companies are an emerging trend in the 5G technologies market. This is mainly because these companies are focusing on developing a strong 5G infrastructure and facilitating innovative platforms, by sharing their resources, knowledge, technology, and cost. Such collaborations are also helpful to the companies in case of expiring licenses, lack of technological know-how, and stringent regulatory environment. For example, in January 2022, Vodafone, a UK-based telecommunications company partnered with Ciena, a US-based telecommunications company for 5G solutions. With this partnership, Vi maximizes fiber capacity and network efficiencies for 5G. Further, in October 2022, Ericsson, a US-based 5G technology company partnered with Reliance JioInfocomm Ltd., an India-based telecommunications company to build the first 5G standalone network in India.
The 5g technologies market report table of contents includes:
1. Executive Summary
2. 5G Technologies Market Characteristics
3. 5G Technologies Market Trends And Strategies
4. 5G Technologies Market – Macro Economic Scenario
5. Global 5G Technologies Market Size and Growth
…..
32. Global 5G Technologies Market Competitive Benchmarking
33. Global 5G Technologies Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 5G Technologies Market
35. 5G Technologies Market Future Outlook and Potential Analysis
36. Appendix
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