5G Technology Market

Global 5G Technology Market registered a revenue of USD 41,250 Million in 2019 and is expected to grow at a CAGR of 26.2% during the forecast period, owing to the increasing adoption of virtual network architecture in telecommunications.

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Key Drivers and Emerging Trends

The growth of the 5G technology Market is driven by the growing adoption of the smart technologies, Internet of Things, rising internet penetration, and intensified investment in telecommunication industry by emerging economies. In addition, rapid digitalization in telecom industry and strategic government initiatives to expediate 5G are projected to strengthen the market size. The growing trend of 5G technology has significantly transformed the telecom industry and the telecom experience of end users. Moreover, several telecom enterprises have decided to upgrade their current network infrastructure to 5G networks and 5G services with faster connectivity. Thus, the significant investments for the enhancement of telecommunication infrastructure is another major factor fueling the 5G Technology market size.

5G technology serves an integral role in helping government agencies and public organizations transform cities into smart cities and will help citizens and communities to attain the socio-economic benefits delivered by data-intensive, and digitalized economy. With the rapid advancements in technology, 5G technology will strengthen the digital transformation. Furthermore, 5G technology has gained immense traction among the gaming industry, owing to the intensified emphasis on launching several subscription-based cloud gaming solutions. Additionally, with the advent of 5G technology, the demand for web games has increased as these games require a high-speed network.

Moreover, the growing demand for a faster data and voice connectivity for IoT applications has bolstered the 5G services market. The growing expansion of VR and AR gaming, seamless video calling, and UHD videos will drive the market growth. Expansion in connected internet of things devices will create more opportunities for 5G technology market. Increasing investment by government and private organizations to boost the network infrastructure services has propelled the market growth. In addition, with the rising demand for edge computing and the rising volume of data generated by IoT devices, the demand for high-speed data has increased, strengthening the market growth. However, high deployment costs of 5G networks may restrain the 5G technology market share over the upcoming years.

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Communication infrastructure Segment Analysis

Small cell is projected to hold a larger share over the upcoming years, owing to the increasing deployment of small cell networks and cost-efficiency. Small cell is an extremely important part of 5G technology, owing to its ability to increase capacity, improve the bottom line of cellular vendors, minimize cost, and increase benefits at providers’ end, propelling the segment growth.

Network Architecture Segment Analysis

5G standalone is estimated to witness a higher CAGR during the forecast period, owing to the improved efficiency, and ability to simplify, reduce the cost, and improve performance output to the edge of the network.

End-User Segment Analysis

Industrial segment is expected to witness a higher CAGR during the forecast period. This is attributed to the accelerating adoption of IoT and machine to machine technology among multiple industries such as healthcare, automotive, IT & telecommunication, and other industries. Additionally, various governments are quoting high prices for service providers for procurement of the 5G spectrum. Thus, service providers would have no other option and would pass on these costs to end-users, which is allowing the industrial segment to gain more traction in the market.

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Regional – Segment Analysis:

North America is expected to witness a higher CAGR over the upcoming years, owing to the growing adoption of consumer electronics relying on faster networks. The growing adoption of 5G technology and presence of developed infrastructures is forecast to strengthen the regional growth. The early adoption of 5G network services across the North America is estimated to propel the market growth. As per the ‘Mobile Economic North America 2020’ report published by GSMA Intelligence, nearly half of the total mobile connections will be operating 5G network service over the upcoming years.
Asia Pacific is predicted to dominate the market during the forecast period, primarily because of the growing investment by the government to develop advanced network infrastructure. Strong network infrastructure, rapid digitalization, and increasing smart city projects are estimated to fuel the market.

The major players in the market include Huawei Technologies Co., Ltd, Samsung Electronics Co. Ltd, Ericsson Inc, Nokia Corporation, ZTE Corporation, NEC Corporation, Cisco Systems Inc, CommScope, Inc, Comba Telecom Systems Holdings Ltd, and Alpha Networks Inc.

Key Developments:

• • In 2021: Starhub entered into a partnership with Nokia Corporation to deploy a a new cloud-based 5G core network intended to manage rapidly growing 5G standalone (SA) bandwidth demand.
  • In 2020, ZTE Corporation partnered with KDDI, a local operator in Japan. With this partnership, both companies would develop consumer-centric 5G smartphones to meet the growing personalized demands of local users, coupled with 5G network deployment in Japan.
  • In 2020: Rakuten Mobile, Inc. introduced a latest ‘Rakuten UN-LIMIT V*1’ and 5G mobile communications service plan to help consumers access 5G services in the same monthly 2,980 yen charges.
  • In 2019, Vodafone Hutchison Australia partnered with Nokia Corporation to begin the rollout of 5G network in first half of 2020. With this partnership, Vodafone would fast track its 5G delivery and switch on the first group of 5G sites in and across Paramatta.
  • In 2018, AT&T announced entered into a partnership with Samsung to provide a 5G smartphone in the U.S. in the first half of 2019. This smartphone will help consumers with a compatible plan access to the 5G network planning to introduce before the end of 2018. Moreover, the company decided to install the latest mobile 5G network equipment in 12 cities of the U.S.
  • In 2018, Nokia entered into an agreement with NTT Docomo to offer 5G-driven network equipment for the deployment of 5G mobile network scheduled for commercial deployment by 2020. Under the agreement, Nokia will strengthen its existent baseband units to incorporate 5G NR-based Airscale hardware. The enhanced BBUs will enable the centralized management of 5G RRHs in a C-RAN architecture.
  • In 2018, the BT Group plc’s Enterprise (EE) decided to acquire 40 MHz of 3.4 GHz spectrum (3540 – 3580 MHz spectrum frequencies) for nearly USD 426.5 million. The company decides to use the spectrum to provide next-generation improved internet services in the U.K.

The global 5G technology market has been segmented on the basis of, communication infrastructure, core network technology, network architecture, operational frequency, end user, and region. Based on communication infrastructure, the market is segmented into small cell, and macro cell. Based on core network technology, market is segmented into SDN, and NFV. Based on network architecture, the market is segmented into 5G Nr Non-Standalone, and 5G Standalone. Based on operational frequency, the market is segmented into Sub 6 GHz, and above 6GHz. Based on end user, the market is segmented into residential, commercial, industrial, and government.

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Market Segmentation

Global 5G Technology Market by Communication Infrastructure

• • Small Cell
    • Micro Cell
    • Femtocell
    • Pico Cell
  • Macro Cell

Global 5G Technology Market by Core Network Technology

• • SDN
  • NFV

Global 5G Technology Market by Network Architecture

• • 5G Nr Non-Standalone (LTE Combined)
  • 5G Standalone (NR + Core)

Global 5G Technology Market by Operational Frequency

• • Sub 6 GHz
  • Above 6 GHz

Global 5G Technology Market by End User

• • Residential
  • Commercial
  • Industrial
  • Government

Global 5G Technology Market by Region

• • North America 5G Technology Market (Option 1: As a part of the free 25% customization)
    • By Communication Infrastructure
    • By Core Network Technology
    • By Network Architecture
    • By Operational Frequency
    • By End User
    • US Market All-Up
    • Canada Market All-Up
  • Europe 5G Technology Market (Option 2: As a part of the free 25% customization)
    • By Communication Infrastructure
    • By Core Network Technology
    • By Network Architecture
    • By Operational Frequency
    • By End User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific 5G Technology Market (Option 3: As a part of the free 25% customization)
    • By Communication Infrastructure
    • By Core Network Technology
    • By Network Architecture
    • By Operational Frequency
    • By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW 5G Technology Market (Option 4: As a part of the free 25% customization)
    • By Communication Infrastructure
    • By Core Network Technology
    • By Network Architecture
    • By Operational Frequency
    • By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global 5G Technology Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Huawei Technologies Co., Ltd
  • Samsung Electronics Co. Ltd
  • Ericsson Inc
  • Nokia Corporation
  • ZTE Corporation
  • NEC Corporation
  • Cisco Systems Inc
  • CommScope, Inc
  • Comba Telecom Systems Holdings Ltd
  • Alpha Networks Inc