5G Technology Market Size to Grow by USD 128.46 billion | Deutsche Telekom AG, Intel Corp., Nokia Corp., and Qualcomm Inc. Emerge as Key Vendors Among Others | Technavio
The potential growth difference for the 5G technology market between 2021 and 2026 is USD 128.46 billion, as per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 69.34% during the forecast period.
To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
5G Technology Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 69.34%
Market growth 2022-2026
$ 128.46 billion
Market structure
Fragmented
YoY growth (%)
67.81
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 46%
Key consumer countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Accenture Plc, Cisco Systems Inc., CommScope Inc., Dell Technologies Inc., Deutsche Telekom AG, Fujitsu Ltd., HCL Technologies Ltd., Huawei Technologies Co. Ltd., Intel Corp., Nokia Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, T Mobile US Inc., Tech Mahindra Ltd., Telefonaktiebolaget LM Ericsson, Telstra Corp. Ltd., TietoEVRY Corp., TIM S.p.A., and Viavi Solutions Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The 5G technology market is fragmented and the vendors are deploying growth strategies such as investments in R&D to compete in the market. To make the most of the opportunities and recover from post pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. As the setting up of 5G networks requires government permission for which bids are announced, the competition is high among vendors.
Top 5G Technology Companies Covered with their Offerings
Deutsche Telekom AG: The company offers 5G technology in industrial campus networks that makes it possible to deliver predictive maintenance of machines, or necessary changes in the production process can be made online.
Huawei Technologies Co. Ltd.: The company offers 5G technology that provides solutions for commercial feasibility analysis, service development planning and design, product or offering design and GTM guidance, service operation strategy and guidance, value operation consulting, and operation optimization consulting.
Intel Corp.: The company offers 5G technology that enables AI-driven business powered by cognitive reasoning, machine learning, and deep learning by tapping into massive amounts of data connected for the first time by pervasive networks.
Nokia Corp.: The company offers 5G technology that helps to achieve more precise indoor and outdoor radio network planning using technologies such as multi-dimensional valuable area selection.
Qualcomm Inc.: The company offers 5G technology that enables applications to provide real-time insights using Intelligent Wireless Edge, a new distributed intelligence paradigm to deliver a scalable and efficient 5G expansion, bringing benefits such as lower latency and better privacy.
Some other companies covered in this report are:
Samsung Electronics Co. Ltd.
Siemens AG
T Mobile US Inc.
Tech Mahindra Ltd.
Telefonaktiebolaget LM Ericsson
Telstra Corp. Ltd.
TietoEVRY Corp.
TIM S.p.A.
Viavi Solutions Inc.
Fujitsu Ltd.
HCL Technologies Ltd.
Accenture Plc
Cisco Systems Inc.
CommScope Inc.
Dell Technologies Inc.
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Key Market Dynamics:
Market Driver: The growing R&D and deployment of 5G network will be influencial in driving the market growth during the forecast period. The evolution of 5G technology will compel market vendors to develop wireless test equipment that can support the technology effectively. The Government of India is also working to create a fund for the development of 5G technology, which will further drive the market growth during the forecast period. In addition, strategic collaboration among market participants is one of the key 5G technology market trends that is expected to impact the industry positively in the forecast period. Various governments are working on a collaboration with market participants to accelerate the deployment of 5G technology.
Market Challenge: The high deployment cost of 5G technology will emerge as the key factor hindering the market growth. The deployment cost for LTE infrastructure alone will be more than USD 200 billion, which would be greater than upgrade costs and virtual data center processing costs. Designing and maintaining complex network virtual applications within an allocated budget is important for efficient 5G operations.
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Revenue-Generating Segment Highlights
The 5G technology market report is segmented by Component (Software and Services), End-user (Manufacturing, Automotive, Energy and utilities, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The software component segment accounted for the largest 5G technology market share in 2021. The segment will continue to account for the highest share throughout the forecast period. Software-defined networking (SDN) is an approach to networking that uses software-based controllers or application programming interfaces (APIs) to communicate with underlying hardware infrastructure and direct traffic on a network.
North America will be the leading region with 46% of the market's growth during the forecast period. US and Canada are the key markets for 5G technology in North America. Market growth in this region will be faster than the growth of the market in Europe. The increasing adoption of wireless technologies in countries such as the US will propel the 5G technology market growth in North America over the forecast period.
View our sample reportfor insights into the contribution of all the segments and regional opportunities
Exhibit 141: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 142: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 143: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 144: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 145: Telefonaktiebolaget LM Ericsson - Segment focus
11.11 Telstra Corp. Ltd.
Exhibit 146: Telstra Corp. Ltd. - Overview
Exhibit 147: Telstra Corp. Ltd. - Business segments
Exhibit 148: Telstra Corp. Ltd. - Key offerings
Exhibit 149: Telstra Corp. Ltd. - Segment focus
11.12 TIM S.p.A.
Exhibit 150: TIM S.p.A. - Overview
Exhibit 151: TIM S.p.A. - Business segments
Exhibit 152: TIM S.p.A. - Key offerings
Exhibit 153: TIM S.p.A. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 154: Inclusions checklist
Exhibit 155: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 156: Currency conversion rates for US$
12.4 Research methodology
Exhibit 157: Research methodology
Exhibit 158: Validation techniques employed for market sizing
Exhibit 159: Information sources
12.5 List of abbreviations
Exhibit 160: List of abbreviations
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