Telecomunicazioni
5G Technology Market Expected to Reach $667.9 Billion, Globally, by 2026 at 122.3% CAGR, Says AMR
Increase in demand for low latency connectivity in industrial automation and surge in demand for content streaming services are the two major factors that drive the growth of the global 5G technology market. Furthermore, growth in number of IoT devices and adoption of edge computing supplements the market growth. On the other hand, small cell deployments challenges and implementation of fiber backhaul hamper the 5G technology market growth. However, increase in investments in smart cities and opportunity in autonomous vehicles provide lucrative opportunities in the 5G technology market forecast.
Based on offering, the segment is divided into hardware, software, and services. The hardware segment accounted for more than half of the total market share in 2020 and is expected to maintain its dominance by 2026. This is due to 5G hardware facilitates edge processing leading to low latency levels and it is dominated by small cell infrastructure with a dense, distributed network of base stations. However, services segment is estimated to project the fastest CAGR of 133.1% from 2020 to 2026, owing to the spur in innovation and adoption of cutting-edge technologies in smart cities
Based on end use, the segment is divided into manufacturing, automotive, energy & utilities, transportation & logistics, healthcare, government, media & entertainment, and others. The manufacturing segment held nearly one-fifth of the total market share in 2020 and will maintain its dominance throughout the forecast period, owing rise in industry of refurbished robots. However, the automotive segment is estimated to register the highest CAGR of 130.3% from 2020 to 2026 owing to the increase in smart cities and surge in demand for connected cars using internet of things (IoT), are majorly contributing to the growth of the autonomous vehicles market.
The Asia-Pacific region accounted for nearly two-fifths of the market in terms of revenue in 2020. Moreover, this segment is estimated to register the highest CAGR of 130.7% from 2020 to 2026 since Asia-Pacific is estimated to be the largest region in the 5G technology market in response to great initiatives by government in key economies toward deployment of 5G spectrum. Moreover, Asia-Pacific is origin for many new entrants in multiple markets, which is also expected to fuel demand for 5G technology in the region.
Leading in the research include Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry.
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