Mobile 5G Commercialization Market Research Report, Growth Trends and Competitive Analysis 2022-2028

The tremendous growth in data traffic and growing demand for high-speed data connectivity is driving the global market for Mobile 5G Commercialization. The planned deployment of 5G networks in smart cities, as well as the growing adoption of IoT, are expected to drive the growth of the 5G Services market. Commercialization of 5G services began in 2020. As a result, the study's base year is 2021, with historical data available for 2020. Data forecasts have been provided for the years 2022-2028. The growing demand for high-speed data for commercial, industrial, and personal applications is expected to drive 5G service demand. The widespread availability of smartphones, tablets, and smart TVs has resulted in increased internet usage for browsing, streaming videos, and video calling, among other things.

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Competitive analysis:
Some of the significant players in the market are:
○ Qualcomm Inc.
○ Deutsche Telekom AG
○ Huawei Technology
○ Nokia
○ Orange S.A.
○ Telstra
○ T-Mobile
○ Telecom Italia
○ Intel Corporation.
○ Ericsson

As a result of the increased data traffic, there is a greater need for high-speed data connectivity to provide users with a seamless experience. The commercialization of 5G-enabled services is expected to result in a wide range of applications, from simple applications like Virtual Reality (VR) & Augmented Reality (AR) gaming and Ultra-High-Definition (UHD) video streaming to more complex applications like robotic surgeries, autonomous vehicles, and defence equipment. As a result, the arrival of next-generation technologies is anticipated to fuel high-speed, low-latency data connectivity as well as 5G services. Regarding the communication technology, the 5G services market is divided into Enhanced Mobile Broadband (eMBB), Fixed Wireless Access (FWA), Massive Machine Type Communication (mMTC), and Ultra-Reliable Low Latency Communication (uRLLC). The market for Enhanced Mobile Broadband (eMBB), also known as extreme mobile broadband, dominated in 2021 and is anticipated to expand significantly over the forecast period. It is a more advanced version of 4G network services that can provide ultra-high wireless bandwidth functionality in applications such as high definition (HD) video streaming, interactive digital reality (VR)/augmented reality (AR) gaming, and video calling, resulting in faster download speeds and improved user experiences. During the forecast period, the massive Machine-Type Communications (mMTC) segment is projected to expand exponentially. 5G mMTC technology provides the highest bandwidth connectivity for dense applications such as smart cities, remote asset monitoring, and so on. The growing demand for high-speed connectivity for all IoT devices utilised in a network is expected to drive growth in the market in the forecast timeframe.

Segmentation:
Vertical segmentation divides the 5G services market into telecom and IT, energy and utility, media and entertainment, manufacturing, transportation and logistics, aerospace and defence, healthcare, and others. In 2022, the telecom and IT segment ruled the market with a share. During the forecast period, the growing demand for high-speed internet connectivity for residential and commercial applications is expected to drive growth in the telecom and IT segments. Organizations are adopting advanced technologies such as cloud computing and multi-vendor connectivity, which require high-speed network connectivity provided by 5G for continuous operations, driving market growth. It is divided into three components: hardware, software, and services.

It is divided into three categories based on connectivity: enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC). Automation, monitoring & tracking, connected vehicle, smart surveillance, VR & AR, enhanced video services, and others are the application segments. Manufacturing, automotive, energy & utilities, transportation & logistics, healthcare, government, media & entertainment, and others are the end-user segments of the market.

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Regional analysis:
Asia Pacific is the world's largest market for 5G services. APAC market players such as China Mobile, China Telecom, SK Telecom, and KT Corporation are investing heavily in the deployment of 5G network infrastructure in China, Japan, and South Korea. Furthermore, companies like Huawei Technologies, Samsung Electronics, and BBK Electronics Corporation are continuing to release 5G-enabled smartphones that will drive growth in the region.
Meanwhile, North America will account for 27% of the 5G services market by 2022. The rollout of 5G in North America has been delayed due to the increasing trade war between the United States and China. The United States is one of China's largest importers of infrastructure equipment. Because of geopolitical tensions between these two nations, the US government has urged other countries to reconsider China's role in 5G networks, suspecting that their equipment is being used for cyberespionage. Due to the absence of major 5G equipment suppliers in the domestic market, price competition is expected to be reduced, resulting in higher deployment costs. The move is anticipated to accelerate operator CAPEX and delay the 5G rollout in the United States.

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This release was published on openPR.