5G is a crucial component of the global digitally connected ecosystem, currently. It is estimated that between 2019 and 2025, the number of 5G users will increase by roughly 1.2 Bn, globally. It will be interesting to see how the diverse factors come in to play for the massive launch of 5G technology. The new report on the on 5G technology entails insights into the market and puts forward a global viewpoint of 5G industry.
2. Introduction
5G is a crucial component of the global digitally
connected ecosystem, currently. It is estimated that
between 2019 and 2025, the number of 5G users will
increase by roughly 1.2 Bn, globally.
The United States (U.S.), China, Japan, and the
majority of European Union (EU) countries will
account for 70% of the 5G users by 2025. Once it is
launched commercially in 2020, the 5G market will
expand at a compound annual growth rate (CAGR)
of 97.1% till 2025.
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3. Segment
insights:
The ever-increasing demand for enhanced mobile
broadband experience, and rise in smartphone adoption
are driving revenue from SIM cellular
connections. 5G SIM cellular connections are expected
to increase at a staggering 129% compound annual
growth rate (CAGR), from 2020 to 2025.
Not only that, both data consumption and speed will
also increase at a considerable rate. Increase in user
engagement through smartphone is the major cause of
growth in data consumption, while improvement of
network infrastructure is expected to lead to greater
connection speeds.
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4. Continue...
SIM M2M connections will also witness rapid
growth during the forecast period. Connected
home applications, such as home security and
video surveillance, home automation, connected
white goods, and tracking applications will
represent nearly half of the total M2M
connections by 2021.
M2M devices’ penetration for industrial use will
also increase, and it is estimated that there will
be less than half a billion M2M connections in
sectors like retail, manufacturing, and energy.
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5. FUTURE:
99% of the mobile connections will be
smart connections by 2021, up from
in 2016. More than of the
revenue from SIM cellular connections,
and from SIM M2M cellular
connections are expected to come from
this region.
50%81%
60%
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6. A combination of improved coverage, proliferation of
connected devices, and demand for high-speed
networks in Europe continues to drive the adoption of
4G, and make way for future 5G services as well. Asia-
Pacific will account for majority of the global cellular
subscribers by 2020.
Although revenue growth in recent times have slowed,
nonetheless, the region shows a lot of promise in terms
of the rapid adoption of Internet of Things (IoT) in the
near future. The Middle East and Africa, and Latin
American regions will be very slow in picking up pace.
REGIONAL INSIGHTS:
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7. Companies covered:
CHINA MOBILE
VERIZON COMMUNICATIONS
AT&T
VODAFONE
NIPPON TELEGRAPH AND TELEPHONE
SPRINT CORPORATION
DEUTSCHE TELEKOMU
TELEFÓNICA
AMÉRICA MÓVIL
CHINA TELECOMMUNICATIONS CORP
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8. Global IoT
Managed Services
Market
Global 5G Chipset
Market
Global 5G Chipset
Market
Global 5G Wireless
Ecosystem Market Report
2019 - Market Size, Share,
Price, Trend and Forecast
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