Global 5G Technology Market ...

5G Technology Market Scope

5G technology is an efficient and low investment network as compared to 2G, 3G or 4G technologies. It offers internet speed between the ranges from 10 GBPS to 100 GBPS. It also provides ultra-low latency range from 1ms to 10ms. Increasing demand for higher speed rates of the internet all over the globe and increasing usage of 5G technology in various applications such as a driverless car, smart factory, smart logistics, smart agriculture, and others are projected to drive the global 5G Technology market over the forecast period.

Research Analyst at AMA estimates that France Players will contribute to the maximum growth of Global 5G Technology market throughout the predicted period. Deutsche Telekom AG (Germany), Nokia Siemens Networks (Finland), Telecom Italia (Italy), Huawei Technologies Co. Ltd. (China), Orange S.A., (France), Alcatel-Lucent S.A. (France), Qualcomm Inc., (United States), KTH - Royal Institute of Technology (Sweden), Aalto University (Finland) and Samsung (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Fraunhofer-Gesellschaft (Germany), AT&T Inc. (United States), Verizon Wireless (United States), Sprint Corporation (United States), BT Group plc (United Kingdom), KT Corporation (South Korea), Telstra Corporation Limited (Australia), Vodafone Group Plc (United Kingdom) and Zain (Saudi Arabia).

About Approach

The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.

Segmentation Overview

The study have segmented the market of Global 5G Technology market by Type , by Application (Driverless Car, Smart Factory, Smart Logistics, Smart Agriculture, Virtual Reality & Augmented Reality and Others) and Region with country level break-up. On the basis of geography, the market of 5G Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.

Market Leaders and their expansionary development strategies

In December 2016, the Ericsson (Sweden) and Zain Partner( Kuwait) has Collaborated agreement signed at ZTC 2016 to pave the way for 5G development as well as deployment in the region In October 2022,Prime Minister, Shri Narendra Modi today launched 5G services in India. He also unveiled various 5G use cases of various Telecom Service Providers in Education, Health, worker safety, smart agriculture etc. Earlier, he also launched indigenous 5G NSA Core developed by Centre for Development of Telematics (CDoT) and witnessed various technology demonstrations of enterprise 5G solutions, chipsets, networking equipment developed by Indian telecom start-ups, MSMEs and large manufacturers. On September 2018, as per an article published by Salmon River Restoration Council (SRRC), The European Union (EU) needs to take firm regulatory action on future 5G mobile networks. Furthermore, Europe’s mobile ecosystem would be valued a total of USD 807.63 billion to the regional economy

Influencing Trend:

Technology Advancement in 5G Technology

Market Growth Drivers:

Increased Proliferation of Mobile and Connected Devices, Rapid Technological Advancements in the Field of Sensors and Semiconductors and Increasing Demand of Higher Speed Rates of Internet All Over the Globe

Challenges:

Issues related to global spectrum

Restraints:

High Cost Involved in the Deployment of Network Services

Opportunities:

Infrastructural Development Initiatives, Such as Smart Cities and Transition from On-Premises Legacy Systems to Cloud-Based Solutions

Key Target Audience

Manufacturers of 5G Technology, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others ..

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