Helped by the evolution of complementary technologies such as network functions virtualization (NFV) and software defined networking (SDN), the global 5G equipment market is slated to see supercharged growth in the near future. A newly added report, titled “Global 5G Equipment Market 2016-2020,” forecasts the market to expand at a robust CAGR of over 32% from 2016 to 2020.
The report furnishes a qualitative analysis of the different potential growth drivers and restraints in the market. Increasing penetration of smartphones and tablets, for example, is said to be at the forefront of fueling demand. Another factor to aid growth is the clamor for seamless, speedy internet in different smart applications. The 5G technology enables real-time and reliable communication for different uses. A factor likely to deter the global 5G equipment market is the negative impact of security breaches that has become rampant these days.
Developing the 5G wireless technology entails many relevant components, namely device-to-device communication, backhaul integration, multi-antenna transmission, and flexible usage spectrum to conduct operations at high frequencies. The report elaborates upon the investments made by various bodies such as equipment providers, telecom carrier providers, government organizations, and telecommunication unions in research and development for developing 5G technology.
In order to study the global 5G equipment market in-depth, the report segments it based on geography into the Americas, Asia Pacific, and Europe, Middle East and Africa. Among them, the Americas leads the market currently and is slated to hold on to its dominant position in the coming years too. The swift uptake of Internet of Things (IoT) solutions aided by cloud-based platforms and data analytics by a sizeable proportion of organizations in the U.S., is slated considerably bolster the market in the region. Further, pressing need for smooth uninterrupted communication, coupled rapid emergence of numerous online applications and soaring popularity of the social media, would also help to bolster the market in the region.
Asia Pacific, powered by Japan, is slated to see robust growth in the coming years. This is due to the substantial economic development in the region which has led to rapid urbanization and increase in disposable incomes of people. Japan is particularly poised for growth due to the early take-up of 4G LTE networks, which has now paved the way for low latency, high capacity 5G technology. Other economies in the Asia Pacific region predicted to exhibit strong growth are South Korea and Singapore.
The report studies the global market for 5G equipment from different angles and furnishes information about its size and growth prospects. It makes use of popular analytical tools such as Porter’s Five Forces to gauge the current competitive landscape in the market. Some of the key players in the market profiled in the report are Huawei Technologies, Samsung, Ericsson, Nokia, and ZTE.
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