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(Wireless-NewsWire.Com, July 04, 2018 ) The 5G market segmentation is done on the basis of networking infrastructure and industry vertical. The market for 5G is segmented on the basis of networking infrastructure into small cells, macro cells and others. Further, the market has been segmented into various industry verticals that are anticipated to be benefitted through incorporation of 5G technology into their operational models. A number of industry verticals are set to be positively impacted post the rollout of 5G technology services in the market space. The major industry verticals include smart automotive, healthcare, smart transportation & logistics, consumer electronics, industry automation, building & home automation, and others. On the basis of geography, the 5G market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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The global 5G infrastructure market is experiencing an intense growth with regards to the investments, trials being carried out and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for 5G infrastructure consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many stakeholders in the 5G ecosystem that are involved in the end-to-end development of 5G technology and ensuring that the best service is made available for the users by the first half of 2020. Government funding for research & development, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for 5G over the forecast period.
The global 5G market is estimated to grow at a CAGR of 56.39% during the forecast period 2020 – 2025 and account to US$ 23.95 Bn by the year 2025. North America and APAC will have bigger share of revenue in the market, owing to their economically economies and developed infrastructure to support upcoming technological trends in almost all industry sectors and the population in the region coupled with smartphone penetration.
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Globally 5G market is expected to foresee significant rise in terms of revenue share. By 2025, the market scenario is expected to change in terms of acquired revenue share. North America is expected to be a saturated market with almost constant market share over the forecast period. However, APAC is estimated to gain significant share of revenue in the total market, as a result of growing economy and rising digitalization initiatives in the region. Some of the global key players operating in the 5G market are Ericsson, Huawei Technologies Co. Ltd., Verizon Communications, Inc., Nokia Networks, and Telefonica S.A. Also, T-Mobile USA, Inc., Cisco Systems, Inc., AT&T, Inc., Qualcomm, Inc. and Orange S.A are other key companies in the 5G market.
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