Report Ocean has recently published the “Global 5G Market” Research Report 2023-2030, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2030.
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The global 5G market is expected to reach $277 billion by 2025 at a CAGR of 111% during 2019-2025.
The telecom industry is at a nascent stage in 5G technology development. This disruptive technology holds a promising economic value that can lead to a hyper-connected society, where mobile will play a significant role in people’s lives. Since 2012, many government initiatives, along with investments from telecom companies, have shaped the development of 5G. Factors such as rising demand in mobile broadband, the growing use of smartphones, and smart wearable devices, clubbed with surging demand of mobile video adoption, are expected to drive the 5G market during the forecast period.
Currently, every government is enthusiastic about getting ahead of the curve in the 5G space. The governments of Japan, South Korea, the U.S., and China have also been particularly active in pushing the rollout of 5G technology by the end of 2019.
Based on the types of connection, the market can be categorized as SIM cellular connections and M2M SIM cellular connections.
SIM cellular connections segment insights
By 2025, the number of 4G SIM cellular connections will dominate by accounting for 57% of the total connections, but 5G SIM cellular connection will have the highest growth rate of 146% during the forecast period. Government policies and projects, such as China’s National 863 Program, China’s 13th Five-Year Plan, Projeto 5G Brasil, Advanced Wireless Research Initiative, and ENCQOR have supported the R&D requirements and are striving for 5G commercialization by 2019. By 2025, North America is expected to dominate the market by generating 45% of the total 5G SIM cellular revenue followed by Europe and Asia-Pacific.
SIM M2M cellular connections segment insights
The 5G network will support promising technological innovations, including the Internet of Things (IoT), outdoor autonomous robots for the agriculture industry, Intelligent Transport Systems (ITS), smart utility grids, drones, and many more connected devices. The penetration M2M devices for industrial use will rise, and it is estimated that there will be around half a billion M2M connections in industries like retail, manufacturing, and energy by 2025. This will largely be driven by automation and artificial intelligence (AI). Thus, global 5G SIM M2M cellular connections are expected to expand at a CAGR of 231%. By 2025, Europe is expected to dominate the market by generating 35% of the total 5G SIM M2M cellular revenue followed by Asia-Pacific and North America.
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Regional segment Insights
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America will hold the largest market share of 44% by 2025. Majority of the data consumption will happen through video usage. During 2017-2022, video traffic will grow from 82 EB/year to 731 EB/year at a CAGR of 55%. Media-based companies will develop strategies and business plans in order to generate revenue from this trend. Asia-Pacific will account for the highest number of 5G cellular subscribers by 2025. Though revenue growth in recent times has slowed, this region is expected to show positive commitment in terms of the rapid adoption of IoT in the near future.
Companies Covered
China Mobile
Verizon Communications
AT&T
Vodafone
Nippon Telegraph and Telephone
Sprint Corporation
Deutsche Telekom
Telefónica
América Móvil
China Telecommunications Corporation
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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The report addresses the following key questions regarding the Global 5G market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of Global 5G in the market?
- How are regulatory policies and government initiatives impacting the growth of the Global 5G market?
- What is the market share of the top 5 players in the Global 5G market and how is it likely to change in the future?
- What are the latest technologies and innovations in the Global 5G market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the Global 5G market?
- What are the challenges related to the supply chain and logistics that Global 5G market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the Global 5G market?
- What are the potential risks and uncertainties associated with investing in the Global 5G market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Global 5G market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Global 5G market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Global 5G market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Global 5G business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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