The 5G market is expected to grow from US$ 2.56 billion in 2020 to US$ 23.95 billion by 2025 at a CAGR of 56.39% between 2020 and 2025.
5G is employed in three sorts of connected services: enhanced mobile broadband, mission-critical communications, and enormous Internet of Things. Forward compatibility is a feature of 5G technology, which means it may be used with a wide range of devices, including smartphones, laptops, security systems, and more. It also has the flexibility to handle future services that call for greater internet speeds and ultra-low latency. 5G mobile technology can usher in new immersive experiences such as VR and AR with faster, more consistent data rates, lower latency, and cheaper cost-per-bit, in addition to making smartphones better. With ultra-reliable, accessible, low-latency networks, 5G can enable new services that can alter sectors, such as remote control of key infrastructure, automobiles, and medical operations. Further, higher data rates are projected to be demanded as the demand for edge computing grows along with the amount of data generated by IoT devices. Thus, increasing penetration of IoT technology is contributing toward the growth of the 5G market.
The global 5G market is anticipated to exhibit high growth in near future. Some of the major driving factors contributing to the market growth includes growing need for an energy-efficient communications network infrastructure. Also, rising demands for network splicing on the functional aspects of the infrastructure to achieve network efficiency is expected to significantly drive the 5G industry. According to Qualcomm, 5G has been deployed in more than 60 countries worldwide and is continuing to grow. As per the company, the penetration and adoption rate of 5G is much faster as compared with 4G. The increase in awareness related to the benefits of 5G is catalyzing the adoption of the technology, which is ultimately boosting the 5G market. Also, according to Qualcomm, globally an amount of US$ 265 billion is expected to be invested in 5G industry over the next 15 years. Owing to the massive upcoming investment, the market growth is foreseen to be promising.
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5G Market: Strategic Insights
Market Size Value in US$ 2.56 billion in 2020 Market Size Value by US$ 23.95 billion by 2025 Growth rate CAGR of 56.39% from 2020 to 2025. Forecast Period 2020 - 2025 Base Year 2020
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5G Market: Strategic Insights
| Market Size Value in | US$ 2.56 billion in 2020 |
| Market Size Value by | US$ 23.95 billion by 2025 |
| Growth rate | CAGR of 56.39% from 2020 to 2025. |
| Forecast Period | 2020 - 2025 |
| Base Year | 2020 |
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5G Market Insights
Encouraging Government Support and Investments in Developing Economies Worldwide
Several economically developing countries are emphasizing enhancement of the country’s internet connectivity. Owing to this, the investments toward 5G technology is growing continuously, which is catalyzing the 5G market in the countries. For instance, Saudi Arabian government has increased its focus on the development of 5G technology to achieve the country's VISION 2030 goal of being a leading economy. Leading telecom companies such as Ooredoo (Qatar) and Etisalat Group (UAE) are taking various steps to advance 5G technology in their respective nations. Moreover, the Mexican government is working on a project called Red Compartida to improve connection across the country. The goal of this project is to develop a 5G-ready network in Mexico utilizing LTE technology. Moreover, countries such as Argentina, Chile, and Columbia have taken steps to invest in 5G technology through agreements with major telecommunications companies such as Nokia and Huawei Telecommunications. Thus, the aforementioned factors have contributed toward the growth of the 5G market. Further, India is on the verge of rolling out its 5G network, according to the Indian government. The technology in India is in its final development stage, and the government hopes to witness a massive adoption rate over the next 5 years. This would significantly boost the 5G market in the country. China and Japan are among the key countries in the Asian 5G market, while India is expected to emerge out as one of the most promising countries in the 5G market.
Industry Vertical-Based Market Insights
Building & home automation is the leading vertical in the market. Investments in smart city technology are expected to reach US$ 135 billion by 2021, according to IDC. 5G technologies are predicted to serve as the foundation for small cell networks that will drive the next generation of wireless infrastructure within a smart city, presenting a profitable opportunity for the 5G technology market over the forecast period.
5G Market Report Scope
Players operating in the 5G market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In 2018, AT&T Signed an agreement with Crown Castle International Corp. for expanding and simplifying their continuing leasing agreement for wireless network infrastructure. This leasing operations and management are modernized for improving the flexibility and efficiency by deploying new technologies and increase network capacity.
- In 2018, Cisco announced its collaboration with Saudi Telecom Company (STC) for developing 5G communications systems and networks in Saudi Arabia. Under this agreement Cisco will transform the development of the commercial prospective of 5G mobile networks.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Networking Infrastructure and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14
2. KEY TAKEAWAYS 16
3. 5G MARKET LANDSCAPE 19
3.1 MARKET OVERVIEW 19
3.2 MARKET SEGMENTATION 20
3.2.1 5G Market – By Networking Infrastructure 21
3.2.2 5G Market – By Industry Vertical 21
3.2.3 5G Market – By Geography 22
3.3 PEST ANALYSIS 23
4. 5G MARKET – KEY INDUSTRY DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Need for an energy efficient communications network infrastructure 34
4.1.2 Proliferation of IoT and connected devices demanding for a more robust, reliable and lower latency communication network 35
4.2 KEY MARKET RESTRAINTS 37
4.2.1 Huge costs incurred in the implementations of Base stations and O&M complexities 37
4.2.2 Concerns around spectrum harmonisation for 5G on a global basis 37
4.3 KEY MARKET OPPORTUNITIES 38
4.3.1 Encouraging Government support and investments in developing economies worldwide 38
4.4 FUTURE TRENDS 39
4.4.1 Emergence of new enterprise, industrial, and residential use cases in the near future 39
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 39
5. 5G – GLOBAL MARKET ANALYSIS 41
5.1 GLOBAL 5G MARKET OVERVIEW 41
5.2 GLOBAL 5G MARKET FORECAST AND ANALYSIS 42
6. 5G MARKET ANALYSIS – NETWORKING INFRASTRUCTURE 43
6.1 OVERVIEW 43
6.2 GLOBAL 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020 & 2025 43
6.3 SMALL CELL 45
6.3.1 Overview 45
6.3.2 Small cell market forecast and analysis 45
6.4 MACRO CELL 47
6.4.1 Overview 47
6.4.2 Macro cell market forecast and analysis 47
6.5 OTHERS MARKET 48
6.5.1 Overview 48
6.5.2 Others Market Forecast & Analysis 48
7. 5G MARKET ANALYSIS- BY INDUSTRY VERTICAL 50
7.1 OVERVIEW 50
7.2 5G MARKET ANALYSIS– BY INDUSTRY VERTICAL , FORECAST AND ANALYSIS 50
7.3 SMART AUTOMOTIVE MARKET 51
7.3.1 Overview 51
7.3.2 Smart Automotive Market – Forecast & Analysis 51
7.4 HEALTHCARE MARKET 53
7.4.1 Overview 53
7.4.2 Healthcare Market – Forecast & Analysis 53
7.5 SMART TRANSPORTATION & LOGISTICS MARKET 55
7.5.1 Overview 55
7.5.2 Smart Transportation & Logistics Market – Forecast & Analysis 55
7.6 CONSUMER ELECTRONICS MARKET 56
7.6.1 Overview 56
7.6.2 Consumer Electronics Market – Forecast & Analysis 57
7.7 INDUSTRY AUTOMATION MARKET 58
7.7.1 Overview 58
7.7.2 Industry Automation Market – Forecast & Analysis 58
7.8 BUILDING & HOME AUTOMATION MARKET 60
7.8.1 Overview 60
7.8.2 Building & Home Automation Market – Forecast & Analysis 60
7.9 OTHERS MARKET 62
7.9.1 Overview 62
7.9.2 Others Market – Forecast & Analysis 62
8. 5G MARKET – GEOGRAPHICAL ANALYSIS 64
8.1 OVERVIEW 64
8.2 NORTH AMERICA 5G MARKET REVENUE AND FORECASTS TO 2025 66
8.2.1 Overview 66
8.2.2 North America 5G Market Breakdown by Key Countries 67
8.2.2.1 U.S. 5G Market Revenue and Forecasts to 2025 (US$ Bn) 69
8.2.2.2 Canada 5G Market Revenue and Forecast to 2025 (US$ Bn) 70
8.2.3 Mexico 5G Market Revenue and Forecasts to 2025 (US$ Bn) 71
8.2.4 North America 5G Market Breakdown by Networking Infrastructure 72
8.2.5 North America 5G Market Breakdown by Industry Vertical 73
8.3 EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 74
8.3.1 Overview 74
8.3.2 Europe 5G Market Breakdown by Key Countries 76
8.3.2.1 France 5G Market Revenue and Forecasts to 2025 (US$ Bn) 77
8.3.2.2 Germany 5G Market Revenue and Forecast to 2025 (US$ Bn) 78
8.3.2.3 SWEDEN 5G Market Revenue and Forecasts to 2025 (US$ Bn) 79
8.3.2.4 U.K 5G Market Revenue and Forecasts to 2025 (US$ Bn) 80
8.3.2.5 Spain 5G Market Revenue and Forecasts to 2025 (US$ Bn) 81
8.3.2.6 Rest of Europe 5G Market Revenue and Forecasts to 2025 (US$ Bn) 82
8.3.3 Europe 5G Market Breakdown by Networking Infrastructure 83
8.3.4 Europe 5G Market Breakdown by Industry Vertical 84
8.4 APAC 5G MARKET REVENUE AND FORECASTS TO 2025 85
8.4.1 Overview 85
8.4.2 APAC 5G Market Breakdown by Key Countries 86
8.4.2.1 SOUTH KOREA 5G Market Revenue and Forecasts to 2025 (US$ Bn) 88
8.4.2.2 China 5G Market Revenue and Forecast to 2025 (US$ Bn) 89
8.4.2.3 India 5G Market Revenue and Forecasts to 2025 (US$ Bn) 90
8.4.2.4 Japan 5G Market Revenue and Forecasts to 2025 (US$ Bn) 91
8.4.3 APAC 5G Market Breakdown by Networking Infrastructure 92
8.4.4 APAC 5G Market Breakdown by Industry Vertical 93
8.5 MIDDLE EAST & AFRICA (MEA) 5G MARKET REVENUE AND FORECASTS TO 2025 93
8.5.1 Overview 94
8.5.2 MEA 5G Market Breakdown by Key Countries 96
8.5.2.1 Saudi Arabia 5G Market Revenue and Forecast to 2025 (US$ Bn) 97
8.5.2.2 UAE 5G Market Revenue and Forecasts to 2025 (US$ Bn) 98
8.5.2.3 South Africa 5G Market Revenue and Forecasts to 2025 (US$ Bn) 99
8.5.3 MEA 5G Market Breakdown by Networking Infrastructure 100
8.5.4 MEA 5G Market Breakdown by Industry Vertical 101
8.6 SAM 5G MARKET REVENUE AND FORECASTS TO 2025 102
8.6.1 Overview 102
8.6.2 SAM 5G Market Breakdown by Key Countries 104
8.6.2.1 Brazil 5G Market Revenue and Forecasts to 2025 (US$ Bn) 105
8.6.2.2 Rest of SAM 5G Market Revenue and Forecasts to 2025 (US$ Bn) 106
8.6.3 SAM 5G Market Breakdown by Networking Infrastructure 107
8.6.4 SAM 5G Market Breakdown by Industry Vertical 108
9. INDUSTRY LANDSCAPE 109
9.1 OVERVIEW 109
9.2 MARKET INITIATIVE 109
9.3 MERGER AND ACQUISITION 112
9.4 NEW DEVELOPMENT 113
10. COMPETITIVE LANDSCAPE 115
10.1 COMPETITIVE PRODUCT MAPPING 115
10.2 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING 116
11. 5G MARKET, KEY COMPANY PROFILES 117
11.1 AT&T INC. 117
11.1.1 Key Facts 117
11.1.2 Business Description 117
11.1.3 Financial Overview 117
11.1.4 SWOT Analysis 118
11.1.5 Key Developments 119
11.2 QUALCOMM INCORPORATED 121
11.2.1 Key Facts 121
11.2.2 Business Description 121
11.2.3 Financial Overview 121
11.2.4 SWOT Analysis 122
11.2.5 Key Developments 123
11.3 VERIZON COMMUNICATIONS, INC. 125
11.3.1 Key Facts 125
11.3.2 Business Description 125
11.3.3 Financial Overview 126
11.3.4 SWOT Analysis 126
11.3.5 Key Developments 128
11.4 HUAWEI TECHNOLOGIES CO., LTD. 129
11.4.1 Key Facts 129
11.4.2 Business Description 129
11.4.3 Financial Overview 130
11.4.4 SWOT Analysis 130
11.4.5 Key Developments 132
11.5 ERICSSON 132
11.5.1 Key Facts 132
11.5.2 Business Description 133
11.5.3 Financial Overview 134
11.5.4 SWOT Analysis 134
11.5.5 Key Developments 135
11.6 NOKIA CORPORATION 137
11.6.1 Key Facts 137
11.6.2 Business Description 137
11.6.3 Financial Overview 138
11.6.4 SWOT Analysis 138
11.6.5 Key Developments 139
11.7 CISCO SYSTEMS, INC. 141
11.7.1 Key Facts 141
11.7.2 Business Description 141
11.7.3 Financial Overview 142
11.7.4 SWOT Analysis 142
11.7.5 Key Developments 144
11.8 ORANGE S.A. 145
11.8.1 Key Facts 145
11.8.2 Business Description 145
11.8.3 Financial Overview 146
11.8.4 SWOT Analysis 146
11.8.5 Key Developments 148
11.9 T-MOBILE USA, INC. 149
11.9.1 Key Facts 149
11.9.2 Business Description 150
11.9.3 Financial Overview 150
11.9.4 SWOT Analysis 151
11.9.5 Key Developments 152
11.10 TELEFÓNICA S.A. 154
11.10.1 Key Facts 154
11.10.2 Business Description 154
11.10.3 Financial Overview 155
11.10.4 SWOT Analysis 155
11.10.5 Key Developments 156
12. APPENDIX 158
12.1 ABOUT THE INSIGHT PARTNERS 158
12.2 GLOSSARY OF TERMS 158
12.3 METHODOLOGY 160
12.4 COVERAGE 160
12.5 SECONDARY RESEARCH 160
12.6 PRIMARY RESEARCH 161
LIST OF TABLES
TABLE 1. NORTH AMERICA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ BN) 69
TABLE 2. NORTH AMERICA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY PRODUCT (US$ BN) 70
TABLE 3. NORTH AMERICA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY FIRE DETECTION SYSTEM (US$ BN) 71
TABLE 4. NORTH AMERICA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY END-USER (US$ BN) 72
TABLE 5. EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ BN) 82
TABLE 6. EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 – BY PRODUCT (US$ BN) 83
TABLE 7. EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 – BY FIRE DETECTION SYSTEM (US$ BN) 84
TABLE 8. EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ BN) 85
TABLE 9. APAC 5G MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ BN) 93
TABLE 10. APAC 5G MARKET REVENUE AND FORECASTS TO 2025 – BY PRODUCT (US$ BN) 94
TABLE 11. APAC 5G MARKET REVENUE AND FORECASTS TO 2025 – BY FIRE DETECTION SYSTEM (US$ BN) 95
TABLE 12. APAC 5G MARKET REVENUE AND FORECASTS TO 2025 – BY END-USER (US$ BN) 96
TABLE 13. MEA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ BN) 103
TABLE 14. MEA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY PRODUCT (US$ BN) 104
TABLE 15. MEA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY FIRE DETECTION SYSTEM (US$ BN) 105
TABLE 16. MEA 5G MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ BN) 106
TABLE 17. SAM 5G MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ BN) 110
TABLE 18. SAM 5G MARKET REVENUE AND FORECASTS TO 2025 – BY PRODUCT (US$ BN) 111
TABLE 19. SAM 5G MARKET REVENUE AND FORECASTS TO 2025 – BY FIRE DETECTION SYSTEM (US$ BN) 112
TABLE 20. SAM 5G MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ BN) 113
TABLE 21. GLOSSARY OF TERMS, 5G MARKET 160
LIST OF FIGURES
FIGURE 1. APAC 5G MARKET – 2017 & 2025 (US$ BN) 16
FIGURE 2. SOUTH AMERICA REVENUE 2017 & 2025, SMALL CELL NETOWRKING INFRASTRUCTURE (US$ BN) 17
FIGURE 3. APAC REVENUE 2017 & 2025, INDUSTRY AUTOMATION INDUSTRY VERTICAL (US$ BN) 18
FIGURE 4. 5G MARKET SEGMENTATION 20
FIGURE 5. 5G MARKET SEGMENTATION - GEOGRAPHIC 21
FIGURE 6. NORTH AMERICA – PEST ANALYSIS 23
FIGURE 7. EUROPE – PEST ANALYSIS 25
FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 27
FIGURE 9. MIDDLE EAST AND AFRICA – PEST ANALYSIS 29
FIGURE 10. SOUTH AMERICA – PEST ANALYSIS 32
FIGURE 11. POWER CONSUMPTION OF A WIRELESS CELLULAR NETWORK & CONSUMPTION DISTRIBUTION IN A BASE STATION 34
FIGURE 12. SUBSCRIPTION PENETRATION IN QUARTER-1 2018 (PERCENT OF POPULATION) 36
FIGURE 13. GLOBAL MOBILE DATA TRAFFIC BY REGION FOR 2016 & 2022 36
FIGURE 14. 5G MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 40
FIGURE 15. GLOBAL 5G MARKET 41
FIGURE 16. GLOBAL 5G MARKET FORECAST AND ANALYSIS 42
FIGURE 17. GLOBAL 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020& 2025 (%) 44
FIGURE 18. GLOBAL SMALL CELL MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 46
FIGURE 19. GLOBAL MACRO CELL REVENUE AND FORECASTS TO 2025 (US$ BN) 48
FIGURE 20. GLOBAL OTHERS MARKET REVENUE FORECASTS TO 2025 (US$ BN) 48
FIGURE 21. GLOBAL 5G MARKET BREAKDOWN, BY INDUSTRY VERTICAL, 2020 & 2025 (%) 50
FIGURE 22. GLOBAL SMART AUTOMOTIVE MARKET REVENUE FORECASTS TO 2025 (US$ BN) 52
FIGURE 23. GLOBAL HEALTHCARE MARKET REVENUE FORECASTS TO 2025 (US$ BN) 54
FIGURE 24. GLOBAL SMART TRANSPORTATION & LOGISTICS MARKET REVENUE FORECASTS TO 2025 (US$ BN) 56
FIGURE 25. GLOBAL CONSUMER ELECTRONICS MARKET REVENUE FORECASTS TO 2025 (US$ BN) 57
FIGURE 26. GLOBAL INDUSTRY AUTOMATION MARKET REVENUE FORECASTS TO 2025 (US$ BN) 58
FIGURE 27. GLOBAL BUILDING & HOME AUTOMATION MARKET REVENUE FORECASTS TO 2025 (US$ BN) 60
FIGURE 28. GLOBAL OTHERS MARKET REVENUE FORECASTS TO 2025 (US$ BN) 63
FIGURE 29. 5G MARKET, GLOBAL BREAKDOWN BY REGIONS, 2020 & 2025 (%) 65
FIGURE 30. NORTH AMERICA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 66
FIGURE 31. NORTH AMERICA 5G MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 67
FIGURE 32. 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 69
FIGURE 33. CANADA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 70
FIGURE 34. MEXICO 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 71
FIGURE 35. NORTH AMERICA 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020 & 2025 (%) 72
FIGURE 36. NORTH AMERICA 5G MARKET BREAKDOWN BY INDUSTRY VERTICAL, 2020 & 2025 (%) 73
FIGURE 37. EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 75
FIGURE 38. EUROPE 5G MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 76
FIGURE 39. FRANCE 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 77
FIGURE 40. GERMANY 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 78
FIGURE 41. SWEDEN 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 79
FIGURE 42. U.K 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 80
FIGURE 43. SPAIN 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 81
FIGURE 44. REST OF EUROPE 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 82
FIGURE 45. EUROPE 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020 & 2025 (%) 83
FIGURE 46. EUROPE 5G MARKET BREAKDOWN BY INDUSTRY VERTICAL, 2020 & 2025 (%) 84
FIGURE 47. APAC 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 86
FIGURE 48. APAC 5G MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 86
FIGURE 49. SOUTH KOREA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 88
FIGURE 50. CHINA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 89
FIGURE 51. INDIA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 90
FIGURE 52. JAPAN 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 91
FIGURE 53. APAC 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020 & 2025 (%) 92
FIGURE 54. APAC 5G MARKET BREAKDOWN BY INDUSTRY VERTICAL, 2020 & 2025 (%) 93
FIGURE 55. MEA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 94
FIGURE 56. MEA 5G MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 96
FIGURE 57. SAUDI ARABIA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 97
FIGURE 58. UAE 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 98
FIGURE 59. SOUTH AFRICA 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 99
FIGURE 60. MEA 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020 & 2025 (%) 100
FIGURE 61. MEA 5G MARKET BREAKDOWN BY INDUSTRY VERTICAL, 2020 & 2025 (%) 101
FIGURE 62. SAM 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 102
FIGURE 63. SAM 5G MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 104
FIGURE 64. BRAZIL 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 105
FIGURE 65. REST OF SAM 5G MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 106
FIGURE 66. SAM 5G MARKET BREAKDOWN BY NETWORKING INFRASTRUCTURE, 2020 & 2025 (%) 107
FIGURE 67. SAM 5G MARKET BREAKDOWN BY INDUSTRY VERTICAL, 2020 & 2025 (%) 108
FIGURE 68. 5G MARKET, INDUSTRY LANDSCAPE (2018-2015) % 109
FIGURE 69. Global top 5 players
The List of Companies
1. T-Mobile USA, Inc.
2. Cisco Systems, Inc.
3. AT&T, Inc.
4. Qualcomm, Inc.
5. Ericsson
6. Huawei Technologies Co. Ltd.
7. Verizon Communications, Inc.
8. Nokia Networks
9. Telefonica S.A.
10. Orange S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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