5G Communications Market Expected to Secure Notable Revenue Share during 2021-2031

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The 5G Communications Market size was valued at USD 41.2 billion in 2020 and is expected to grow at a CAGR of 42.1% from 2021 to 2030.  5G is the fifth generation of mobile networks, succeeding 2G, 3G and 4G technologies. The first technologies only allowed voice calls and then the sending of SMS. The following generations of mobile technologies have made it possible to develop new uses: connecting to the Internet, accessing applications, or even making video calls.

Like previous technologies, 5G will improve existing services and promote the development of new services. 5G is an evolving technology which will be advanced & developed at slow pace, according to the evolution of standards at the global level. When it is launched, 5G will improve access to the services offered by 4G networks, by allowing better speed, low latency and more capacity. With 5G, a much larger amount of data can be exchanged without network congestion.

Market Dynamics and Factors:

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The market is being driven by decreasing latency in 5G, increasing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic. Increased Market to Market connectivity across multiple industries & technologies like AI, Industrial Internet of Things,cloud and edge computing, collaborativerobotics, advanced product monitoring systems, process analytic technologies, predictive and assisted maintenance, and process automation techniquesis also expected to drive 5G infrastructure growth during the forecast period..

Market Segmentation:

5G Communication market can be segmented into communication infrastructure, Core Network Technology, Network Architecture, Operational Frequency, end-user and region. Based on the communication infrastructure, the 5G communication market is divided into small cell, and macro cell. By core network technology, market is divided into Software-Defined Networking, and Network Function Virtualization. By Network Architecture is divided into. 5G NR Non-Standalone, and 5G Standalone. By operational frequency, tha market is divided into Sub 6 GHz, and Above 6 GHz. By end user, the global 5G market is divided into residential, commercial, industrial, and government.

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Geographic Analysis:

North America, it will occupy a major share of the 5G infrastructure market. In North America, it is well known for its high penetration of new advanced technologies such as the Internet of Things (IoT), wearable technologies, and autonomous / connected cars. The reliable, high-speed connectivity required for these technologies is solved by 5G. Therefore, we can expect high growth opportunities in the North American market. Europe & Asia Pacific will be the major contributor to the market due to large population & tech introduction.

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Competitive Scenario:

The key players in the 5G communications market are Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (USA), Huawei (China), Ericsson (Sweden), Samsung (Korea),CommScope (USA), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel) and Mavenir (USA).

Huawei is the market leader in 5G infrastructure. The company is a global information technology solutions provider. With around 36 joint innovation centers and 14 R&D centers, it has a broad presence, serving customers in approximately 170 countries. The company is also one of the leading providers of telecommunications network infrastructure. Networking equipment from Huawei has always been an important part of its rollout in global APAC, Europe, the United States, and other emerging markets. Huawei is working with partners to invigorate enterprise collaboration and communication innovations, including 10x network capacity expansion, 10dB coverage improvement, and 10x user experience, and artificial intelligence to simplify networks

 

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