The exponential growth in data traffic and growing demand for high-speed data connectivity is driving the global Mobile 5G marketing market. The planned deployment of 5G networks in smart cities, as well as the increasing adoption of the Internet of Things, is expected to drive the growth of the 5G services market. Commercialization of 5G services began in 2020. As a result, the base year for the study is 2021, with historical data available for 2020. Data forecasts are provided for the years 2022-2028. The increasing demand for high-speed data for commercial, industrial and personal applications is expected to drive the demand for 5G services. The wide availability of smartphones, tablets, and smart TVs has increased the use of the Internet for browsing, video streaming, and video calling, among other things.
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Some of the important players in the market are:
○ Qualcomm Corporation.
^ Deutsche Telekom AG
○ Huawei technology
○ Orange S.A
○ Telecom Italia
○ Intel Corporation.
As a result of the increasing data traffic, there is a greater need for a high-speed data connection to provide users with a seamless experience. The commercialization of 5G-enabled services is expected to result in a wide range of applications, from simple applications such as virtual reality (VR) and augmented reality (AR) games and ultra-high-definition (UHD) video streaming to more complex applications such as robotic surgeries, autonomous vehicles and equipment. Defense. As a result, the arrival of next-generation technologies is expected to provide high-speed, low-latency data connectivity as well as 5G services. In terms of communication technology, the 5G services market is segmented into Enhanced Mobile Broadband (eMBB), Fixed Wireless Access (FWA), Massive Device Type Connection (mMTC), and Ultra Reliable Low Latency Communication (uRLLC). The Enhanced Mobile Broadband (eMBB) market, also known as Ultra Mobile Broadband, will dominate in 2021 and is expected to expand significantly during the forecast period. It is a more advanced version of 4G network services that can provide superior wireless bandwidth functionality in applications such as high-definition (HD) video streaming, interactive digital reality (VR) / augmented reality (AR) games, and video calling, resulting in faster download speeds and better experiences. Improved user. During the forecast period, the mMTC segment is expected to expand significantly. 5G mMTC technology provides the highest bandwidth-intensive connectivity for applications such as smart cities, remote asset monitoring, etc. The growing demand for high-speed connectivity for all IoT devices used in the network is expected to drive the growth in the market in the expected time frame.
Vertical segmentation divides the 5G services market into telecom, information technology, energy, utilities, media, entertainment, manufacturing, transportation and logistics, aviation and defense, healthcare, and others. In 2022, the ICT sector will dominate the market with share. During the forecast period, the growing demand for high-speed Internet connectivity for residential and commercial applications is expected to drive growth in the telecom and information technology sectors. Enterprises are adopting advanced technologies such as cloud computing and multi-vendor connectivity, which require high-speed network connectivity provided by 5G for continuous operations, driving market growth. It is divided into three components: hardware, software, and services.
It is divided into three categories on the basis of connectivity: Enhanced Mobile Broadband (EMBB), Ultra Reliable Low Latency Communication (URLLC), and Massive Device Type Communication (MMTC). Automation, Monitoring & Tracking, Connected Vehicle, Intelligent Surveillance, Virtual Reality, Augmented Reality, Enhanced Video Services, etc. are the application segments. Manufacturing, Automotive, Energy, Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, etc. are the end user segments of the market.
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Asia Pacific is the world’s largest market for 5G services. APAC market players such as China Mobile, China Telecom, SK Telecom and KT Corporation are investing heavily in deploying 5G network infrastructure in China, Japan and South Korea. Moreover, companies like Huawei Technologies, Samsung Electronics, and BBK Electronics Corporation continue to launch 5G-enabled smartphones which will drive growth in the region.
Meanwhile, North America will account for 27% of the 5G services market by 2022. The launch of 5G in North America has been delayed due to the growing trade war between the US and China. The United States is one of China’s largest importers of infrastructure equipment. Due to geopolitical tensions between these two countries, the US government has urged other countries to reconsider China’s role in 5G networks, suspecting that its equipment is being used for cyber espionage. Due to the absence of major 5G equipment suppliers in the domestic market, price competition is expected to decrease, resulting in higher deployment costs. This move is expected to accelerate the operator’s capital expenditures and delay the rollout of 5G networks in the United States.
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