Global 5G Equipment Market Report 2019-2023: Market Expected to Grow at a CAGR of Close to 71% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 7, 2019--The “Global 5G Equipment Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The 5G equipment market growth at a CAGR of close to 71% during the forecast period.
The latest trend gaining momentum in the market is the rising number of trails for 5G networks will augment the demand for 5G equipment across the globe. According to the report, one of the major drivers for this market is the rapidly increasing investments in the construction and utilities industries across the advanced and emerging economies. Further, the report states that one of the major factors hindering the growth of this market is the rising labor cost and fluctuating raw material prices.
The development of the 5G technology has increased focus on the unification of 5G standards across the globe. These standards aim at achieving high data rate transfer, reduced latency, energy saving, cost reduction, higher system capacity, and massive device connectivity over the 5G networks.
In line with this, companies are adopting these standards for establishing a benchmark for developing their 5G networks. These standards will govern the designing, manufacturing, and testing of 5G equipment for the promotion of a uniform 5G ecosystem, development of seamless global roaming, and increasing the adoption of 5G network on a global scale at low cost. Therefore, these standards could aid in enhancing the adoption of 5G networks across the globe, bolstering the growth of the global 5G equipment market during the forecast period.
Increasing penetration of smart devices
The increasing penetration of mart devices, smarty homes and smart cities is increasing the adoption rate of IoT devices. The demand for smart devices is expected to increase significantly during the forecast period due to development in high-speed 5G network infrastructure.
Government regulations on 5G equipment
A ban on the adoption of 5G equipment can delay the development of 5G networks in the affected regions. Therefore, these developments can hinder the widespread adoption of 5G equipment over the forecast period.
The global 5G equipment market is extremely concentrated. Though market participants from different industries such as information technology solutions, telecommunication network infrastructure, utilities, and semiconductor integrated circuit (IC) are aggressively investing in the 5G technology. Various governments are also working on a collaboration with market participants to accelerate the deployment of 5G networks.
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Market Landscape
Part 04: Market Sizing
Part 05: Five Forces Analysis
Part 06: Market Segmentation By Product
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Drivers And Challenges
Part 10: Vendor Landscape
Part 11: Vendor Analysis
Part 12: Appendix
Companies MentionedHuawei Technologies Nokia Samsung Electronics Telefonaktiebolanget LM Ericsson ZTE
For more information about this report visit https://www.researchandmarkets.com/research/9tjzfx/global_5g?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190107005572/en/
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Related Topics:4G and 5G
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/07/2019 07:28 AM/DISC: 01/07/2019 07:29 AM