5G Technology Market by Component (Hardware, Software and Services), Connectivity (Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low Latency Communication (URLLC), and Massive Machine Type Communication (MMTC)), Application (Automation, Monitoring & Tracking, Connected Vehicle, Smart Surveillance, VR & AR, Enhanced Video Services, and Others), and End Use (Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology is meant to deliver higher multi-GBPS peak data speeds, ultralow latency, more reliability, massive network capacity, increased availability, and a uniform user experience to users.
The major drivers for 5G technology include rise in number of IoT devices and adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation. 5G technologies are expected to help deliver unmatched data speeds while improving the overall user experience and dramatically improving real-time data processing capabilities in IoT devices. Edge computing can help streaming services improve network performance by caching popular content closer to end users in edge data centers. Moreover, advent of 5G technologies is expected to further boost data speeds while improving the overall user experience. 5G technologies provide the essential network characteristics such as high reliability and low latency, which are required to support critical application in manufacturing facilities. 5G is one of the major technologies that is projected to facilitate industrial automation to Industry 4.0. Increase in investments in smart cities and opportunities in autonomous vehicles are expected to provide new growth opportunities for 5G technology. Growth in investments toward smart city infrastructure is expected to provide significant opportunity for implementation of 5G technologies within smart cities. 5G communication will enable the vast amounts of data generated from vehicle to be transferred and processed more efficiently while improving the overall performance of automated vehicles and further drive growth in autonomous long-distance transportation. However, challenges in small cell deployments and implementation of fiber backhaul are expected to restrain growth in the market.
The 5G technology market is segmented on the basis of component, connectivity, application, end use, and region. By component, it is classified into hardware, software and services. Based on connectivity, it is segregated into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC). By application, it is segmented into automation, monitoring & tracking, connected vehicle, smart surveillance, VR & AR, enhanced video services, and others. By end use, the market is divided into manufacturing, automotive, energy & utilities, transportation & logistics, healthcare, government, media & entertainment, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the 5G technology market such as Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the 5G technology industry.
Key benefits for stakeholders • The study provides in-depth analysis of the global 5G technology market along with the current & future trends to illustrate the imminent investment pockets.
• Information about key drivers, restrains, & opportunities and their impact analysis on the global 5G technology market size are provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global 5G technology market from 2021 to 2030 is provided to determine the market potential.
Key market segments
By Component • Hardware
By Connectivity • Enhanced Mobile Broadband (EMBB)
• Ultra-Reliable Low Latency Communication (URLLC)
• Massive Machine Type Communication (MMTC)
By Application • Automation
• Monitoring & Tracking
• Connected Vehicle
• Smart Surveillance
• VR & AR
• Enhanced Video Services
By End User • Manufacturing
• Energy & Utilities
• Transportation & Logistics
• Media & Entertainment
By Region • North America
o United Kingdom
o Rest of Europe
o South Korea
o Rest Of Asia Pacific
o Latin America
o Middle East
Key market players • Deutsche Telekom AG
• Huawei Technology
• Orange S.A.
• Qualcomm Inc.
• Telecom Italia
• Intel Corporation.
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