March 6 2020
Market Research Future published a research report on “5G Industry Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
5G Industry - Overview
The mobile network technology has come a long way from the 1st generation to the present 4th generation, making way for 5th generation mobile networks. 5G is also termed as wireless systems, as it encompasses various wireless technologies along with mobile communication technology. 5G is designed, architecture and planned to deploy in a way that it can provide a high data speed mobile communication and enhanced mobile services for the customers to experience the next level of connectivity. Not only are the higher speeds, but the 5G networks also expected to provide cheaper cost of data. With advanced technology, and more top future adoption rate, the 5G is expected to play a dominant role various industry vertical, such as in virtual reality, gaming and video streaming, healthcare applications, smart wearable devices, smart cities and connected space and others.
The prominent players in the 5G Industry are - Verizon Wireless (U.S.), AT&T Inc. (U.S.), LM Ericsson (Sweden), Alcatel-Lucent (France), China Mobile Ltd. (China), Huawei Technologies Co. Ltd. (China), NTT DOCOMO, Inc. (Japan), Vodafone Group PLC (UK), Bharti Airtel Limited (India) among others.
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5G Global Market - Segmentation
The regional study of the global 5G Industry encompasses Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is the pioneer in the market. It is anticipated to dominate the market over the next few years. The advanced IT infrastructure of the region is likely to support the growth of the 5G market in the foreseeable future. Furthermore, the early deployment of 5G services has earned a competitive edge over the other regional markets. Europe is another potential market for 5G services. The technological advancement of the region is projected to facilitate the expansion of the 5G market over the next few years. Asia Pacific is anticipated to register gradual growth over the assessment period. Industrial automation, advancements in the IT industry, penetration of smartphones, etc. are primarily responsible for generating demand for 5G services across the region. In addition, country=-level markets such as South Korea and China are already working on the development of the 5G market. It is anticipated to accelerate revenue creation in the years to come.
In February 2019, Ericsson, a Swedish multinational networking and telecommunications company, has announced the expansion of the 5G platform.
In February 2019, SK Telecom, a South Korean wireless telecommunications operator, and KT, a pioneer in VR games, are leveraging 5G deployment at the upcoming Mobile World Congress (MWC).
In February 2019, Samsung, a South Korean multinational conglomerate, has broadcasted ‘Mobile World Live TV,’ which is the official channel of MWC19 Barcelona on 5G.
In February 2019, Japanese e-commerce giant Rakuten has announced its plan on venturing into the telecommunications industry by building a new mobile network. The company aims at commercializing its 5G services by 2020.
In February 2019, Vodafone Group plc, a British multinational telecommunications conglomerate, launched UK's first 5G network for consumers at Manchester airport.
In January 2019, ZTE Corporation, a Chinese multinational telecommunications equipment, and systems company, has committed the launch of its latest “New Axon, New 5G Flagship” phone the MWC.
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Table of Contents:
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 5G MARKET: BY COMPONENT (%)
FIGURE 3 5G MARKET: BY APPLICATION (%)
FIGURE 4 5G MARKET: BY REGION
FIGURE 5 NORTH AMERICA 5G MARKET, BY COMPONENT (%)
FIGURE 6 NORTH AMERICA 5G MARKET, BY APPLICATION (%)
FIGURE 7 EUROPE 5G MARKET, BY COMPONENT (%)
FIGURE 8 EUROPE 5G MARKET, BY APPLICATION (%)
FIGURE 9 ASIA-PACIFIC 5G MARKET, BY COMPONENT (%)
FIGURE 10 ASIA-PACIFIC 5G MARKET, BY APPLICATION (%)
FIGURE 11 ROW 5G MARKET, BY COMPONENT (%)
FIGURE 12 ROW 5G MARKET, BY APPLICATION (%)
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