5G Market 2019 Global Leaders Overview: Huawei Technologies, Verizon Wireless, LM Ericsson, Vodafone Group PLC, China Mobile, Alcatel-Lucent, AT&T

Market Research Future published a research report on “5G Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Synopsis:

According to Market Research Future (MRFR)’s report, the global 5G market is expected to grow substantially over the next couple of years. The growth of the telecommunications industry is poised to drive the expansion of the market in the foreseeable future.

5G is technically the successor of 4G network and offers better speed with lower communication latency. The penetration of 4G network is anticipated to propel the expansion of the 5G Market in the forthcoming years. Furthermore, the advent of industry 4.0 is likely to unleash exceptional growth opportunities for the penetration of the 5G network. The rising adoption of IoT, IIoT, virtual reality and augmented reality, automation, etc. is projected to fuel demand for 5G services over the next couple of years.

Key players of the peripheral markets are also investing in the development of their products for supporting the launch of the 5G network. For instance, mobile companies are focusing on the production of 5G handsets. By 2020, 5G services are likely to be launched commercially worldwide. The report indicates that the 5G market is anticipated to remain highly lucrative across the assessment period.

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5G Market Segmentation

The 5G Market has been segmented on the basis of components and application. Considering the 5G segment based on application segment, the consumer electronics sector is expected to dominate the 5G market due to the high penetration of smart gadgets and high number of smartphone users.

Key Players

The prominent players in the 5G Market 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.

Market Research Analysis:

Market Research Future Analysis shows that many organizations are conducting trials for 5G. The 5G technology is expected to revolutionize the mobile data market. The current trend towards extreme use of internet, high adoption of IoT, developments towards smart city are driving the 5G market.

Regional analysis for 5G market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America is expected to be the early adopter for the 5G technology. The study indicates that countries like Russia, South Korea, Japan, China, United States are expected to deploy 5G very soon and expected to dominate the 5G market.

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Intended Audience

System Integrators
network equipment vendors
OEMs
Infrastructure vendors
chipset vendors
commercial banks
integrated device manufacturers
Network operators
software/application providers
user equipment manufacturers
network infrastructure integrators
Government Organizations
Research/Consultancy firms

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