The major players in the 5g technologies market are Qualcomm, Intel Corporation, Ericsson, Samsung, and AT&T. The global 5G technology market is expected to grow from $ 20.23 billion in 2021 to $ 30.
New York, September 23, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the “5G Technologies Global Market Report 2022” – https://www.reportlinker.com/p06320347/?utm_source=GNW
11 billion in 2022 at a compound annual growth rate (CAGR) of 48.8%. The 5G technology market is expected to grow to $ 99.76 billion in 2026 at a compound annual growth rate (CAGR) of 34.9%.
The 5G technology market consists of the sale of 5G technology services by entities (organizations, sole proprietors, partnerships) that provide faster download speeds, low latency, and greater capacity and connectivity for billions of devices. 5G technology is the next generation of wireless communications that is expected to provide Internet connections around 40 times faster than 4G LTE technology.
5G technology can use various spectrum bands, including millimeter wave (mmWave) radio spectrum, with the ability to carry a large amount of data over a short distance.
The main types of 5G technology chipsets are ASIC chips, RFID chips, millimeter wave technology chips, and field programmable gate arrays (FPGAs). An ASIC, or application-specific integrated circuit, refers to a microchip designed to a special application, such as as a kind of transmission protocol or a handheld computer.
The communication infrastructure is a small cell, a macro cell and a radio access network (ran). The main network technologies are software-defined networking (Sdn), virtualization of network functions (NFV), mobile edge computing (MEC), fog computing (FC) and distributed antenna system (DAS).
The various end users involved are automotive, industrial, consumer electronics, healthcare, energy and utilities, and other end users.
North America was the largest region in the 5G technology market in 2021. The regions covered by the 5G technologies report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
Increased government initiatives to promote and implement emerging 5G technology are expected to drive the growth of the 5G technology market. This is mainly due to the fact that 5G technology has a significant impact on mobile networks, physical networks, IT facilities, hosting and system distribution and orchestration of services and infrastructure.
It has become critical for every government to ensure that 5G technology reaches its maximum potential, as it supports thousands of new applications for consumers and businesses in the manufacturing, energy, healthcare and automotive markets. For example, the Chinese government plans to launch commercial 5G launches by 2020 with a 3400-3600 MHz band.
The government also plans to use a 25 and 40 GHz frequency spectrum to ensure high-speed internet across the country. Likewise, phone operators AT&T, Verizon, T-Mobile, and Sprint have plans to introduce their 5G mobile networks in the United States in 2019.
Therefore, the increase in government initiatives is driving the growth of the 5G technology market.
Concern for security and privacy is a major barrier to the 5G technology market. This is mainly due to the fact that the 5G technology market faces both standard and sophisticated cybersecurity threats and the security of user data becomes a critical challenge for the 5G wireless transmission system / infrastructure due to the high number of devices connected to the network and the diversity of technology.
For example, according to experts from the Canadian Wireless and Telecommunications Association event in 2019, 5G networks have 200 times more attack vectors, or paths to access a network, than their 4G predecessors.
Growing collaborations between 5G tech companies are an emerging trend in the 5G tech market. This is mainly due to the fact that these companies are focusing on developing a solid 5G infrastructure and facilitating innovative platforms, sharing resources, knowledge, technology and costs.
Such collaborations are also useful to companies in the event of expiring licenses, lack of technological know-how and a strict regulatory environment. For example, in February 2019, Ericsson partnered with Intel Corporation to develop the next generation hardware management platform that will provide transparency, agility and efficiency for 5G, distributed cloud and Network Functions Virtualization (NFV).
Likewise, AT&T partnered with Rush University Medical Center to bring the first 5G-enabled hospital to the United States in January 2019.
The 5G technology market is governed by the European Electronic Communications Code (EECC) which establishes the regulations relating to 5G technologies within the European Union. For example, in.
As a result, the EU adopted regulations in March 2022 to speed up 5G network deployments by simplifying the installation of small cell antennas that provide the last mile for 5G networks. The regulation defines the physical and technical characteristics of small cells, placing strict limits on their size and power, exempting them from planning permits (while maintaining national control) and addressing their appearance to make them less visible.
Therefore, regulations like these would benefit 5G tech companies and lead the 5G tech market.
In June 2022, Qualcomm, a US-based semiconductor company, acquired Cellwize Wireless Technologies Pte. Ltd for an undisclosed amount.
This acquisition is expected to strengthen Qualcomm Technologies’ 5G infrastructure solutions to power the digital transformation of industries, power the connected smart edge, and support the growth of the cloud economy. Cellwize Wireless Technologies Pte.
Ltd is a telecommunications service provider based in Singapore.
The countries covered in the 5G technology market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
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