5G Market Outlook and Deep Study of Top Key Players: T-Mobile USA, Cisco Systems, AT&T, Qualcomm, Ericsson, Huawei Technologies, Verizon Communications, Nokia Networks

According to our latest market study on "5G Market Forecast to 2025 - Global Analysis - by Networking Infrastructure and Industry Vertical," the market is expected to grow from US$ 2.56 billion in 2020 to US$ 23.95 billion by 2025 at a CAGR of 56.39% between 2020 and 2025. The demand for internet connectivity has been profoundly growing across countries globally over the past decade. The need for high-speed internet connectivity has been driving the telecom industry players to invest toward advancements of the technology. In the current scenario, 4G is the most dominant internet connectivity worldwide; however, the need for higher data transfer speed has led the telecom service providers to invest in 5G. The lumsum investments toward the development and trails in the 5G services over the past few years have driven the 5G market to a greater extent.

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Global 5G Market Insight:

5G is employed in three sorts of connected services: enhanced mobile broadband, mission-critical communications, and enormous Internet of Things. Forward compatibility is a feature of 5G technology, which means it may be used with a wide range of devices, including smartphones, laptops, security systems, and more. It also has the flexibility to handle future services that call for greater internet speeds and ultra-low latency. 5G mobile technology can usher in new immersive experiences such as VR and AR with faster, more consistent data rates, lower latency, and cheaper cost-per-bit, in addition to making smartphones better. With ultra-reliable, accessible, low-latency networks, 5G can enable new services that can alter sectors, such as remote control of key infrastructure, automobiles, and medical operations. Further, higher data rates are projected to be demanded as the demand for edge computing grows along with the amount of data generated by IoT devices. Thus, increasing penetration of IoT technology is contributing toward the growth of the 5G market.

The global 5G market is anticipated to exhibit high growth in near future. Some of the major driving factors contributing to the market growth includes growing need for an energy-efficient communications network infrastructure. Also, rising demands for network splicing on the functional aspects of the infrastructure to achieve network efficiency is expected to significantly drive the 5G industry. According to Qualcomm, 5G has been deployed in more than 60 countries worldwide and is continuing to grow. As per the company, the penetration and adoption rate of 5G is much faster as compared with 4G. The increase in awareness related to the benefits of 5G is catalyzing the adoption of the technology, which is ultimately boosting the 5G market. Also, according to Qualcomm, globally an amount of US$ 265 billion is expected to be invested in 5G industry over the next 15 years. Owing to the massive upcoming investment, the market growth is foreseen to be promising.

The Key Players In The Global Market Are: T-Mobile USA, Cisco Systems, AT&T, Qualcomm, Ericsson, Huawei Technologies, Verizon Communications, Nokia Networks, Telefonica S.A., Orange S.A.

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Industry Vertical-Based Market Insights

Building & home automation is the leading vertical in the market. Investments in smart city technology are expected to reach US$ 135 billion by 2021, according to IDC. 5G technologies are predicted to serve as the foundation for small cell networks that will drive the next generation of wireless infrastructure within a smart city, presenting a profitable opportunity for the 5G technology market over the forecast period.

The report segments the global Market as follows:

By Networking Infrastructure (Small Cell, Macro Cell, and Others) and

By Industry Vertical (Smart Automotive, Healthcare, Smart Transportation & Logistics, Consumer Electronics, Industry Automation, Building & Home Automation, and Others)

Players operating in the 5G market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In 2018, AT&T Signed an agreement with Crown Castle International Corp. for expanding and simplifying their continuing leasing agreement for wireless network infrastructure. This leasing operations and management are modernized for improving the flexibility and efficiency by deploying new technologies and increase network capacity.

In 2018, Cisco announced its collaboration with Saudi Telecom Company (STC) for developing 5G communications systems and networks in Saudi Arabia. Under this agreement Cisco will transform the development of the commercial prospective of 5G mobile networks.

Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market
• Challenges to market growth.
• Key vendors of 5G Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market>
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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Contact Us:

If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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