Worldwide 5G Equipment Industry to 2026 - Drivers, Restraints and Opportunities
DUBLIN, March 19, 2021 /PRNewswire/ -- The "5G Equipment Market by End-Users (Retail Sector and Non-Retail Sector), Components and Geography - Global Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The Global 5G Equipment Market is predicted to grow at a CAGR of 33.1%, reaching $50.3 billion by 2026
The major factors impelling the market growth are rapidly increasing usage of smartphones in the past few decades, which result in a rise in the mobile data traffic and enormously increased mobile data usage in overall industries creating demand for 5G technology. Apart from that, the delay in the normalization of spectrum regulation is hindering the market growth.
Components: Market Size & Analysis
Geography: Market Size & Analysis
The 5G equipment market based on end-user is segregated into two sectors, such as the retail sector and the non-retail sector. The non-retailer segment tends to have a large share in the market due to the future potential of the evolution of 5G technology in the non-retailer sector as well as the sprouting opportunities in the internet of things and machine to machine communication technologies, and 5G technology is anticipated to play a significant role in the other non-retailer sector.
The extremely increasing demand for 5G technology globally is boosting the demand for the 5G equipment market. The other major reasons for the demand for this market are the fast and reliability of the 5G network; in telecommunications, there is a thriving adoption of virtual networking architecture and rising machine to machine connections among the number of industries. Apart from that, the rising demand from various numbers of applications is creating an opportunity for increasing demand for 5G network.
Huawei Technologies, Nokia, Qualcomm, Samsung, Singtel, SK Telecom, Ericsson, Telenor, ZTE, Mavenir, NTT Docomo, Siklu Communication, and Comba Telecom Systems. These companies play a major role in the 5G Equipment market growth.
Therefore, with the increasing technology and the soaring requirements of the end-users in terms of network, it is predicted that the 5G Equipment market would grow at the highest CAGR during the forecast period. This report will depict an overall analysis of the factors driving the market growth.
Key Topics Covered:
1. Executive Summary
For more information about this report visit https://www.researchandmarkets.com/r/nk6bg9
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