Impact of COVID-19 on Economy, Industry and Company The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
"Overview of 5G Technology Market"
The 5G Technology Market Registered US$ XX Bn in 2019 and is Estimated to Reach More Than US$ XX Mn by 2028, Likely to Grow with a CAGR of 44.5 % During the Forecast Period.
5G technology is the next generation of wireless communications. It’s expected to supply Internet connections that are least 40 times faster than 4G LTE. 5G technology may use a spread of spectrum bands, including millimeter-wave (mmWave) radio spectrum, which may carry very large amounts of knowledge a brief distance. The disadvantage of the upper frequencies is that they're more easily obstructed by the walls of buildings, trees and other foliage, and even inclement weather. The forthcoming 5G technology will come from various vendors and can be composed of solutions designed to supply in no time download speeds and low latency.
Demand for the high-speed Internet has been increasing globally for the previous couple of years, especially in developing economies like India and China. The first factor liable for this rise in demand is the increase in demand for on-demand video streaming. So as to satisfy this surging demand for high-speed data, smartphone makers are engaging within the development of smartphones with 5G capabilities. Furthermore, chipmakers are forming partnerships with phone manufacturers to supply them with 5G technology to be installed in their smartphones. As an example, Qualcomm, a US-based chipmaker, has partnered with 19 phone makers to provide 5G technologies to them.
By Communication, Small Cell Segment is expected to Exhibit Highest CAGR during the Forecast Period
Based on communication, a small cell segment is anticipated to register significant CAGR during the forecast period. Small cells are low-powered portable base stations which will be placed throughout cities. Carriers can install many small cells to make a dense, multifaceted infrastructure.
Based on End User, Consumer Electronic Segment is expected to grow at the Fastest Rate during the Forecast Period
The recent trend of 5G technology features a significant potential to rework the telecom industry also because of the telecom experience of end-users. Thus, heavy investments for the betterment of telecommunication infrastructure are one among the main factors driving the 5G technology market. As an example, Japan, South Korea, and China are leading infrastructure tests throughout the 5G deployment cycle. Moreover, China has invested approximately US$ 180 Billion into mainland telecommunication infrastructure and is planning the complete commercial launch of 5G technology in 2020.
The 5G Technology Market in North America accounted for the largest share in 2019.
By geography, the 5G Technology market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is predicted to carry the utmost share of the worldwide 5G technology market during the forecast period. this is often primarily due to the increasing demand for 5G technology so as to assist in the commercialization of the 5G technology within the region. 5G chipsets are gaining popularity across the Asia Pacific region, especially in developing economies like China and India. This will be attributed to a significant rise within the number of smartphone users and increasing demand for high-speed Internet within the region. Furthermore, the market in Middle East & Africa is witnessing steady growth, due to the growing number of 5G trials being accompanied within the region by many telecom operators. This presents substantial growth prospects to the 5G technology market.
Major players are involved in extensive research and adopting advanced technology to innovate their products. This may also help them in improving their position within the market against their competitors. Competition among the players in the global 5G Technology market is projected to extend considerably during this tenure. This is often mainly due to the presence of a large number of players that have created a fragmented vendor landscape within the market. Key industry players such as Nokia Networks, Deutsche Telekom AG, Telecom Italia, Huawei Technologies Co. Ltd., AT&T, Inc., Orange, S.A., KT Corporation, China Mobile Limited, Verizon Communications, Inc., among others.
- Small Cell
- Macro Cell
- Radio Access Network
- Distributed Antenna System
By End User
- Consumer Electronics
- IT & Telecommunication
By Core Network Technology
- Software-Defined Networking (SDN)
- Network Function Virtualization (NFV)
- North America
- Asia- Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America