Global 5G Equipment Market 2016-2020
5G mobile wireless technology is the key component of a connected society. The aim of 5G is to provide ubiquitous connectivity to all connected devices and connected applications. 5G enables real-time and reliable communication for mission-critical applications. 5G wireless technology evolution requires several relevant components such as backhaul integration, device-to-device communication, multi-antenna transmission, and flexible usage spectrum to perform operations at higher frequencies.
Technavio’s analysts forecast the global 5G equipment market to grow at a CAGR of 32.06% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global 5G equipment market for 2016-2020. The report has taken into consideration the R&D investments in developing 5G technology from several bodies such as equipment providers, telecom carrier providers, government organizations, and telecommunication unions.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 5G Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global 5G equipment market: Ericsson, Huawei Technologies, Nokia, Qualcomm, Samsung, and ZTE.
Other Prominent Vendors in the market are: AT&T, China Mobile, KT, NTT DOCOMO, Orange Business Services, Singtel, SK Telecom, Sprint, Telenor, TeliaSonera, Verizon, and Vodafone.
Commenting on the report, an analyst from Technavio’s team said: “that the rapid deployment of smart grids is one of the trends spurring growth for the market. Smart grids are being increasingly deployed in countries like India, the US, China, France, Spain, and Germany. Smart grids include grid applications such as supervisory control and data acquisition (SCADA) systems, smart energy meters IT, and other communication networks. These devices enable utilities complete control in managing digital assets present in the field. The shift to smart grid means that utilities will have to manage the complex smart devices and reduce the risk of grid failure and outages. This will drive the need for sophisticated control systems to manage the assets in the field. Moreover, smart grid systems can control demand for and supply of power generated by a wide range of distributed and interconnected power producers with the support of 5G secure and fast communication network, which will contribute to this market’s growth over the coming years. “
According to the report, growth of complementary technologies such as SDN and NFV is a key driver aiding to the growth of this market. By 2020, approximately 2.2 billion mobile connections will be using LTE technology out of the total 8.5 billion mobile connections. This growth in mobile data traffic is driven by an increase in the number of data capable devices and high bandwidth applications. SDN enables new revenue streams to telecom operators by re-examining network architectures, introducing virtualization, and providing intelligence solutions. SDN and NFV provide more flexibility and seamless integration with infrastructure layers. NFV leverages advancements in server virtualization and enterprise IT virtualization whereas, SDN allows logical centralization of control functions. Moreover, SDN and NFV enable telecom carriers to reduce their dependency on hardware-based network equipment by focusing on software and server-based infrastructure, fostering the market for 5G equipment.
Further, the report states that growing security concerns is a major challenge the market is facing. Encryption, authentication, and validation are key techniques that are required to solve security issues. Cloud RAN has to be closely monitored for effective disaster management. Also, the cloud network that is connected to M2M and IoT devices is to be securely monitored to avoid theft of confidential national information. This monitoring involves high OPEX. User equipment, access networks, and mobile core and external IP networks are potential targets in 5G networks that have to be designed effectively to eliminate security threats.
Ericsson, Huawei Technologies, Nokia, Qualcomm, Samsung, ZTE, T&T, China Mobile, KT, NTT DOCOMO, Orange Business Services, Singtel, SK Telecom, Sprint, Telenor, TeliaSonera, Verizon, Vodafone.