5G Equipment Market- Roadmap for Recovery from COVID-19|Adoption Of 5G Networks For Smart Cities to boost the Market Growth | Technavio
Technavio has been monitoring the 5G equipment market and it is poised to grow by USD 11.75 bn during 2020-2024, progressing at a CAGR of over 48% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global 5G Equipment Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Cisco Systems (News - Alert) Inc., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., NEC Corp., Nokia Corp., Qorvo Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson (News - Alert), and ZTE Corp. are some of the major market participants. The adoption of 5G networks for smart cities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
5G Equipment Market 2020-2024: Segmentation
5G Equipment Market is segmented as below:
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5G Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The 5G equipment market report covers the following areas:
This study identifies the growing adoption of smartphones and demand for better connectivity as one of the prime reasons driving the 5G Equipment Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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5G Equipment Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
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