Published on : Jul 17, 2017
Albany, New York, July 17, 2017: The comprehensive report on global 5G wireless ecosystem offers an elaborate assessment of major drivers and restraining factors, key enabling technologies, application areas, usage scenarios, and competitive strategies of vendors. The research provides an in-depth insights into the major research initiatives and investment trends of prominent players focusing on developing pre-standards for 5G networks.
The report zeroes in on key factors affecting the availability of spectrum in major regions and evaluate their impact on competitive dynamics. While 5G isn’t expected to be commercially available any time before 2020, several companies are already begun field testing them. The first standardized deployment of the 5G technology is expected to open for commercialization as early as 2019. This sets the bar high for mobile operators vying for a sustained share in the market and gain competitive benefits by taking the early plunge.
The 5G wireless ecosystem market is expected to rise at a spectacular CAGR of 70% from 2019 to 2025 and the market is anticipated to surge to US$28 billion by the end of 2025. The market will witness annual shipments of 5G-capable devices to reach 520 million by the end of 2025. The development of 5G, considered as the next generation mobile networks, has soared in popularity as it is expected to support a wide spectrum of mobile broadband devices and IoT services.
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The disruptive technology is picking up steam as it is expected to support a myriad of innovative technologies in several sectors such as automotive, healthcare, and manufacturing. The network is said to be promising for the development of autonomous vehicles, cloud-based robotics, 3D holographic, and haptic feedback mechanism in remote-assisted surgeries. A number of mobile operators are betting big on the commercializing of the 5G network and look forward to diversify revenue streams to offset the continued losses from average revenue per user (ARPU).
Recent initiatives by 3rd Generation Partnership Project (3GPP) and Standards Development Organizations to develop the first phase of 5G specifications is expected to accelerate the evolution of the 5G wireless ecosystem market. At present, the rollouts of pre-standards 5G networks in some nations, particularly in the U.S. and South Korea, is gathering pace with several mobile operators seeking the competitive benefit of first movers. By the end of 2017, investments in pre-standards for 5G are expected to cross US$250 million, thereby spurring promising technology developments in the market in the coming years.
The lack of availability of sufficient spectrum availability is a key technological barrier likely to hinder the growth of the 5G wireless ecosystem market to an extent.
A growing number of companies is actively entering into partnerships for 5G standards development and investing substantially in research and development activities. Key stakeholders operating in the 5G wireless ecosystem market include Athena Wireless Communications, Inc., AT&T Inc., Argela, Arcep, AVC Networks Company, The National Telecommunications Agency, América Móvil, Alphabet, Alpental Technologies, and Alcatel-Lucent.
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