5G Implementation Market Size, Share & Trend Analysis, By Technology, By End-User, By Application, By Industry Verticals, By Infrastructure, By Service Providers, Regional Stance, Competitive Tactics, and Segment Forecast to 2030

5G Implementation Market Size, Share & Trend Analysis, By Technology, By End-User, By Application, By Industry Verticals, By Infrastructure, By Service Providers, Regional Stance, Competitive Tactics, and Segment Forecast to 2030

Category : ICT Reports | Delivery Format : PDF,PPT | Publisher: Reports & Insights | Pages : 270+ | Published on : March 2023

5G Implementation Market: Overview

According to Reports and Insights analysis, the global 5G implementation market is estimated to be US$ 85.3 Bn in 2022. Furthermore, the 5G implementation market to register a CAGR of 46.4% which is expected to result in market forecast value for 2030 as US$ 1,793.3 Bn.

The Reports and Insights team has drafted a market research report on the worldwide market for connected everything 5G with the objective of identifying the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for connected everything 5G. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players for connected everything 5G.

5G Implementation Market Report Image

5G stands for the fifth generation of wireless technology. 5G provides ultra-high speed and ultra-low latency data connectivity that is more than 10 times faster than its predecessor, 4G LTE. 5G also offers an ultra-wide bandwidth which allows a massive capacity for data transfer and processing. With the help the ultra-high speed of the 5G network, the possibility and scope of Internet of Things (IoT) and edge computing becomes not only possible, but plausible too.

The 5G technology has the potential to revolutionize industries and businesses by allowing greater efficiency and productivity. Communication, which is the core of any business, it thought to be seamless after the full implementation of 5G. The capabilities of the 5G network are so many that it is almost impossible to create an exhaustive list. However, the areas that 5G are estimated to benefit the most are Internet of Things and Edge Computing. These areas are also projected to drive the 5G market in the future.

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Scope of Report:

Report Metric  

Report Details  

Market Size available for the years  

2022-2030  

Base year   

2021  

Forecast Period  

2022-2030  

Segments Covered  

By Technology, By End-User, By Application, By Industry Verticals, By Infrastructure, By Service Providers, By Geography  

Regions Covered  

North America

The U.S., Canada

Latin America

Brazil, Mexico, Argentina, Rest of Latin America

Asia Pacific

China, India, Japan, Australia & New Zealand, ASEAN, Rest Asia Pacific

Europe

The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, Rest of Europe

Africa

North Africa, Egypt, Rest of Africa

The Middle East

GCC Countries, Israel, Rest of Middle East

Key Players  

AT&T, Cisco, Deutsche Telekom, Ericsson, Huawei, Intel, Nokia, Qualcomm, Samsung, SK-Telecom, T-Mobile, Verizon, and ZTE amongst others

5G Implementation Market Dynamics:

Market Drivers:

“Rise in the demand for Internet of Things and Edge Computing”

Edge computing is a system that brings the servers or the hardware closer to each other for better computational efficiency and results. It brings these servers and their data on the “edge” for faster speed of computation. With the help of 5G technology, not only is a massive capacity allowed for data computation, but with ultra-high speeds and near zero lag, it is as if the servers are brought closer to each other. Internet of Things (IoT) is another area where 5G can do wonders. The data produced by these IoT devices, which are estimated to go up to 40 billion by 2025, are massive and only unmatched speeds provided by the 5G network can process this data. Thus, with a clear trajectory of growth of IoT and edge computing, the demand for 5G is projected to skyrocket.

“Increased availability of 5G devices”

While the network companies are ramping up their efforts to bring 5G to people as soon as possible, the consumers are already with 5G enabled devices at their fingertips. The 5G technology requires an updation not just of the software, but also of the hardware for a seamless experience. The number of devices, including smartphones and tablets, that are 5G enabled have seen a massive growth in the past 3 years. Moreover, the availability of mid-range and low-range smartphones with 5G enabled are also available in the market now. This will give a mighty push to the 5G market.

Market Restraints:

“Development of the 6G technology”

The efforts to launch and roll out 5G in all major cities in the world are in full swing. However, the growth of the 5G market may be restricted due to the launch of the 6G technology. The sixth generation of wireless connectivity is estimated to be 1000 times faster than the 5G network. While the launch of the 6G technology is estimated not to be before 2030, a moving up of the commercial launch through a breakthrough in research might ramble the entire 5G market.

Market Opportunities:

“Government support and push”

Today, the entire world relies on connectivity. This includes the people, the government, and the organizations. The government is launching favorable policies for 5G launch and development as with the launch of 5G, government initiatives like the development of smart cities, better transport connectivity, etc. becomes possible. For example, the Government of India is showing leniency towards the 5G developers in India by allowing them 5G trials in the country. Moreover, the government buying stake in Vodafone, a private company involved in 5G development, displays support for the launch of this technology. Thus, supportive government policies provide a great window of opportunity to get involved in this market.

5G Implementation Market Segmentation Stance:

The global 5G implementation market is segmented on the basis of technology, end user, applications, industry verticals, infrastructure, service providers, and region.

5G Implementation Market Segmentation

By Technology:

  • Cloud Computing
  • Edge Computing
  • Internet of Things
  • Network Function Virtualization (NFV)
  • Radio Access Technology (RAT)
  • Software-Defined Networking (SDN)
  • Others

By End User:

  • Individuals
  • Enterprises
  • Governments
  • Others

By Applications:

  • Gaming
  • Entertainment
  • Social Media
  • Enterprise Applications such as Manufacturing, Healthcare, Transportation, and Logistics

By Industry Verticals:

  • Healthcare
  • Automotive
  • Retail
  • Education
  • Smart Cities
  • Others

By Infrastructure:

  • Network Equipment
  • Hardware
  • Software
  • Others

By Service Providers:

  • Telecommunication Companies
  • Cloud Service Providers
  • Managed Service Providers
  • Others

By Geography:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East
  • Africa

5G Implementation Market Regional Stance:

North America is the leader in the 5G Technology market. Several factors such as the timely launch, availability of 5G enabled devices, developments in IoT devices and edge computing, and established service providers are the drivers of the 5G technology market in this region.

Asia Pacific, on the other hand, is estimated to grow with the strongest growth rate. This is due to factors such as a huge subscriber base, rise in the acceptance rate of new technologies such as cloud computing, IoT devices, and big data analytics. Moreover, countries such as China, Japan, Singapore, and South Korea are technologically advanced and have already seen the launch of 5G. Thus, this region is projected to grow at a substantial rate with sufficient balance provided by these technologically advanced nations.

Contemporary Developments by the Key Players:

  • Shanghai aims to add 10000 5G base stations before the end of 2023. This will bring the grand total to 77000 5G base stations.
  • India’s Union Minister, Ashwini Vaishnav, launches 5G in many 3 tier cities in India such as Bhubaneshwar and Cuttack in January 2023
  • Verizon 5G Ultra-Wideband now covers more than 175 million people, and will offer nationwide coverage in Q1 2023.
  • Nokia and Brazilian mobile carrier TIM deploy private 5G network at Santos port container terminal.

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Frequently Asked Questions

The 5G implementation market is estimated to reach at a value of US$ 85.3 Bn by the end of 2022 and expected to reach at a value of US$ 1,793.3 Bn by 2030 with a significant CAGR of 46.4%.

The base year for the report is 2021 in 5G implementation market.

By Technology, By End-User, By Application, By Industry Verticals, By Infrastructure, By Service Providers, By Geography 

AT&T, Cisco, Deutsche Telekom, Ericsson, Huawei, Intel, Nokia, Qualcomm, Samsung, SK-Telecom, T-Mobile, Verizon, and ZTE amongst others


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