5G technology market size to grow by USD 128.46 billion between 2021 and 2026 | Strategic collaboration among market participants is a key trend of the market – Technavio

NEW YORK, Oct. 24, 2023 /PRNewswire/ — The 5G technology market is estimated to register an incremental growth of USD 128.46 billion, accelerating at a CAGR of 69.34% between 2021 and 2026. Strategic collaboration among market participants will emerge as a key trend in the market. Many governments and private organizations are collaborating with market vendors to accelerate the deployment of 5G technologies. For instance, in May 2020, IBM, Samsung, and M1 collaborated to start smart manufacturing trials to find and explore ways to improve 5G connectivity in robotic arms and smart devices on factory floors in Singapore. Similarly, in May 2020, Samsung and Hyundai joined hands to discuss a potential collaboration in electric cars. Such strategic collaborations among vendors and end-users are expected to have a positive impact on the growth of the market during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

5G Technology Market 2022-2026: Vendor Analysis

The global 5G technology market is fragmented with several vendors providing 5G technology services. Major players hold a significant share of the market. As the market is still in the nascent stage, enterprises are still in the planning stage of implementation. However, large vendors will benefit from economies of scale. This is expected to hamper the entry of new players into the market. Some of the key vendors covered in the report include:

Cisco Systems Inc. – The company offers 5G technology that unifies multivendor mobile solutions into an open, cloud-native architecture.CommScope Inc. – The company offers 5G technology in industrial campus networks that makes it possible to deliver predictive maintenance of machines or necessary changes in the production process can be made online.Huawei Technologies Co. Ltd. – The company offers 5G technology that provides solutions for commercial feasibility analysis, service development planning and design, product or offering design and GTM guidance, service operation strategy and guidance, value operation consulting, and operation optimization consulting.Nokia Corp. – The company offers 5G technology that helps achieve more precise indoor and outdoor radio network planning using technologies such as multi-dimensional valuable area selection.Accenture PlcDell Technologies Inc.Deutsche Telekom AGFujitsu Ltd.HCL Technologies Ltd.Intel Corp.Qualcomm Inc.Samsung Electronics Co. Ltd.Siemens AGT Mobile US Inc.Tech Mahindra Ltd.Telefonaktiebolaget LM EricssonTelstra Corp. Ltd.TietoEVRY Corp.TIM S.p.A.Viavi Solutions Inc.

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5G Technology Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The report covers the following areas:

5G Technology Market Size5G Technology Market Trends5G Technology Market Analysis

5G Technology Market 2022-2026: Key Driver

The market is driven by the increasing R&D and deployment of 5G network. The market is witnessing significant investments in R&D, along with trend-setting innovations in 5G. For instance, in January 2020, Huawei completed 5G New Radio testing using a 2.6 GHz spectrum during the 5G trial organized by the IMT-2020 (5G) promotion group. The company’s findings and understandings after the test completion are expected to further accelerate innovations in 5G technologies. Thus, the advent of 5G technology will compel vendors to develop wireless test equipment that can support the technology effectively. Besides, governments across the world are setting up committees to work on the roadmap for the 5G rollout. Such developments are driving the growth of the global 5G technology market.

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5G Technology Market 2022-2026: Segmentation

Component SoftwareServices

The market growth in the software segment will be significant during the forecast period. Software-defined networking (SDN) uses software-based controllers or application programming interfaces (APIs) to communicate with the hardware infrastructure and direct traffic on a network. It ensures faster and superior quality in addition to better security guarantees in comparison with preceding technologies. Such benefits are driving the growth of the segment.

End-user ManufacturingAutomotiveEnergy and UtilitiesOthers

The manufacturing industry is the major end-user in the market. The rising focus on improving efficiency, productivity, and financial performance throughout end-to-end manufacturing operations are driving the growth of the segment.

Geography North AmericaEuropeAPACSouth AmericaMiddle East and Africa

North America will account for 46% of the market growth during the forecast period. The increasing adoption of wireless technologies in the US is the major factor driving the growth of the regional market. In addition, the increasing need for high-speed and high-bandwidth networks to support the flow of data across industries is fueling the growth of the 5G technology market in North America.

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5G Technology Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026Detailed information on factors that will assist 5G technology market growth during the next five yearsEstimation of the 5G technology market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the 5G technology marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of 5G technology market vendors

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Table of contents:

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ComponentExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20213.4 Market outlook: Forecast for 2021-2026 Exhibit 14: Chart on Global – Market size and forecast 2021-2026 (USD billion)Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 (USD billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary Exhibit 18: Five forces analysis – Comparison between 2021 and 20264.2 Bargaining power of buyers Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 20264.3 Bargaining power of suppliers Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 20264.4 Threat of new entrants Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 20264.5 Threat of substitutes Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 20264.6 Threat of rivalry Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 20264.7 Market condition Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Component

5.1 Market segments Exhibit 25: Chart on Component – Market share 2021-2026 (%)Exhibit 26: Data Table on Component – Market share 2021-2026 (%)5.2 Comparison by Component Exhibit 27: Chart on Comparison by ComponentExhibit 28: Data Table on Comparison by Component5.3 Software – Market size and forecast 2021-2026Exhibit 29: Chart on Software – Market size and forecast 2021-2026 (USD billion)Exhibit 30: Data Table on Software – Market size and forecast 2021-2026 (USD billion)Exhibit 31: Chart on Software – Year-over-year growth 2021-2026 (%)Exhibit 32: Data Table on Software – Year-over-year growth 2021-2026 (%)5.4 Services – Market size and forecast 2021-2026Exhibit 33: Chart on Services – Market size and forecast 2021-2026 (USD billion)Exhibit 34: Data Table on Services – Market size and forecast 2021-2026 (USD billion)Exhibit 35: Chart on Services – Year-over-year growth 2021-2026 (%)Exhibit 36: Data Table on Services – Year-over-year growth 2021-2026 (%)5.5 Market opportunity by Component Exhibit 37: Market opportunity by Component (USD billion)

6 Market Segmentation by End-user

6.1 Market segments Exhibit 38: Chart on End-user – Market share 2021-2026 (%)Exhibit 39: Data Table on End-user – Market share 2021-2026 (%)6.2 Comparison by End-user Exhibit 40: Chart on Comparison by End-userExhibit 41: Data Table on Comparison by End-user6.3 Manufacturing – Market size and forecast 2021-2026Exhibit 42: Chart on Manufacturing – Market size and forecast 2021-2026 (USD billion)Exhibit 43: Data Table on Manufacturing – Market size and forecast 2021-2026 (USD billion)Exhibit 44: Chart on Manufacturing – Year-over-year growth 2021-2026 (%)Exhibit 45: Data Table on Manufacturing – Year-over-year growth 2021-2026 (%)6.4 Automotive – Market size and forecast 2021-2026Exhibit 46: Chart on Automotive – Market size and forecast 2021-2026 (USD billion)Exhibit 47: Data Table on Automotive – Market size and forecast 2021-2026 (USD billion)Exhibit 48: Chart on Automotive – Year-over-year growth 2021-2026 (%)Exhibit 49: Data Table on Automotive – Year-over-year growth 2021-2026 (%)6.5 Energy and utilities – Market size and forecast 2021-2026Exhibit 50: Chart on Energy and utilities – Market size and forecast 2021-2026 (USD billion)Exhibit 51: Data Table on Energy and utilities – Market size and forecast 2021-2026 (USD billion)Exhibit 52: Chart on Energy and utilities – Year-over-year growth 2021-2026 (%)Exhibit 53: Data Table on Energy and utilities – Year-over-year growth 2021-2026 (%)6.6 Others – Market size and forecast 2021-2026Exhibit 54: Chart on Others – Market size and forecast 2021-2026 (USD billion)Exhibit 55: Data Table on Others – Market size and forecast 2021-2026 (USD billion)Exhibit 56: Chart on Others – Year-over-year growth 2021-2026 (%)Exhibit 57: Data Table on Others – Year-over-year growth 2021-2026 (%)6.7 Market opportunity by End-user Exhibit 58: Market opportunity by End-user (USD billion)

7 Customer Landscape

7.1 Customer landscape overview Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation Exhibit 60: Chart on Market share by geography 2021-2026 (%)Exhibit 61: Data Table on Market share by geography 2021-2026 (%)8.2 Geographic comparison Exhibit 62: Chart on Geographic comparisonExhibit 63: Data Table on Geographic comparison8.3 North America – Market size and forecast 2021-2026Exhibit 64: Chart on North America – Market size and forecast 2021-2026 (USD billion)Exhibit 65: Data Table on North America – Market size and forecast 2021-2026 (USD billion)Exhibit 66: Chart on North America – Year-over-year growth 2021-2026 (%)Exhibit 67: Data Table on North America – Year-over-year growth 2021-2026 (%)8.4 Europe – Market size and forecast 2021-2026Exhibit 68: Chart on Europe – Market size and forecast 2021-2026 (USD billion)Exhibit 69: Data Table on Europe – Market size and forecast 2021-2026 (USD billion)Exhibit 70: Chart on Europe – Year-over-year growth 2021-2026 (%)Exhibit 71: Data Table on Europe – Year-over-year growth 2021-2026 (%)8.5 APAC – Market size and forecast 2021-2026Exhibit 72: Chart on APAC – Market size and forecast 2021-2026 (USD billion)Exhibit 73: Data Table on APAC – Market size and forecast 2021-2026 (USD billion)Exhibit 74: Chart on APAC – Year-over-year growth 2021-2026 (%)Exhibit 75: Data Table on APAC – Year-over-year growth 2021-2026 (%)8.6 South America – Market size and forecast 2021-2026Exhibit 76: Chart on South America – Market size and forecast 2021-2026 (USD billion)Exhibit 77: Data Table on South America – Market size and forecast 2021-2026 (USD billion)Exhibit 78: Chart on South America – Year-over-year growth 2021-2026 (%)Exhibit 79: Data Table on South America – Year-over-year growth 2021-2026 (%)8.7 Middle East and Africa – Market size and forecast 2021-2026 Exhibit 80: Chart on Middle East and Africa – Market size and forecast 2021-2026 (USD billion)Exhibit 81: Data Table on Middle East and Africa – Market size and forecast 2021-2026 (USD billion)Exhibit 82: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)Exhibit 83: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)8.8 US – Market size and forecast 2021-2026Exhibit 84: Chart on US – Market size and forecast 2021-2026 (USD billion)Exhibit 85: Data Table on US – Market size and forecast 2021-2026 (USD billion)Exhibit 86: Chart on US – Year-over-year growth 2021-2026 (%)Exhibit 87: Data Table on US – Year-over-year growth 2021-2026 (%)8.9 China – Market size and forecast 2021-2026Exhibit 88: Chart on China – Market size and forecast 2021-2026 (USD billion)Exhibit 89: Data Table on China – Market size and forecast 2021-2026 (USD billion)Exhibit 90: Chart on China – Year-over-year growth 2021-2026 (%)Exhibit 91: Data Table on China – Year-over-year growth 2021-2026 (%)8.10 Germany – Market size and forecast 2021-2026Exhibit 92: Chart on Germany – Market size and forecast 2021-2026 (USD billion)Exhibit 93: Data Table on Germany – Market size and forecast 2021-2026 (USD billion)Exhibit 94: Chart on Germany – Year-over-year growth 2021-2026 (%)Exhibit 95: Data Table on Germany – Year-over-year growth 2021-2026 (%)8.11 UK – Market size and forecast 2021-2026Exhibit 96: Chart on UK – Market size and forecast 2021-2026 (USD billion)Exhibit 97: Data Table on UK – Market size and forecast 2021-2026 (USD billion)Exhibit 98: Chart on UK – Year-over-year growth 2021-2026 (%)Exhibit 99: Data Table on UK – Year-over-year growth 2021-2026 (%)8.12 Japan – Market size and forecast 2021-2026Exhibit 100: Chart on Japan – Market size and forecast 2021-2026 (USD billion)Exhibit 101: Data Table on Japan – Market size and forecast 2021-2026 (USD billion)Exhibit 102: Chart on Japan – Year-over-year growth 2021-2026 (%)Exhibit 103: Data Table on Japan – Year-over-year growth 2021-2026 (%)8.13 Market opportunity by geography Exhibit 104: Market opportunity by geography (USD billion)

9 Drivers, Challenges, and Trends

9.1 Market drivers9.2 Market challenges9.3 Impact of drivers and challenges Exhibit 105: Impact of drivers and challenges in 2021 and 20269.4 Market trends

10 Vendor Landscape

10.1 Overview10.2 Vendor landscape Exhibit 106: Overview on Criticality of inputs and Factors of differentiation10.3 Landscape disruption Exhibit 107: Overview on factors of disruption10.4 Industry risks Exhibit 108: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered Exhibit 109: Vendors covered11.2 Market positioning of vendors Exhibit 110: Matrix on vendor position and classification11.3 Cisco Systems Inc. Exhibit 111: Cisco Systems Inc. – OverviewExhibit 112: Cisco Systems Inc. – Business segmentsExhibit 113: Cisco Systems Inc. – Key newsExhibit 114: Cisco Systems Inc. – Key offeringsExhibit 115: Cisco Systems Inc. – Segment focus11.4 Deutsche Telekom AG Exhibit 116: Deutsche Telekom AG – OverviewExhibit 117: Deutsche Telekom AG – Business segmentsExhibit 118: Deutsche Telekom AG – Key offeringsExhibit 119: Deutsche Telekom AG – Segment focus11.5 Huawei Technologies Co. Ltd. Exhibit 120: Huawei Technologies Co. Ltd. – OverviewExhibit 121: Huawei Technologies Co. Ltd. – Business segmentsExhibit 122: Huawei Technologies Co. Ltd. – Key offeringsExhibit 123: Huawei Technologies Co. Ltd. – Segment focus11.6 Intel Corp. Exhibit 124: Intel Corp. – OverviewExhibit 125: Intel Corp. – Business segmentsExhibit 126: Intel Corp. – Key newsExhibit 127: Intel Corp. – Key offeringsExhibit 128: Intel Corp. – Segment focus11.7 Nokia Corp. Exhibit 129: Nokia Corp. – OverviewExhibit 130: Nokia Corp. – Business segmentsExhibit 131: Nokia Corp. – Key offeringsExhibit 132: Nokia Corp. – Segment focus11.8 Qualcomm Inc. Exhibit 133: Qualcomm Inc. – OverviewExhibit 134: Qualcomm Inc. – Business segmentsExhibit 135: Qualcomm Inc. – Key newsExhibit 136: Qualcomm Inc. – Key offeringsExhibit 137: Qualcomm Inc. – Segment focus11.9 T Mobile US Inc. Exhibit 138: T Mobile US Inc. – OverviewExhibit 139: T Mobile US Inc. – Product / ServiceExhibit 140: T Mobile US Inc. – Key offerings11.10 Telefonaktiebolaget LM Ericsson Exhibit 141: Telefonaktiebolaget LM Ericsson – OverviewExhibit 142: Telefonaktiebolaget LM Ericsson – Business segmentsExhibit 143: Telefonaktiebolaget LM Ericsson – Key newsExhibit 144: Telefonaktiebolaget LM Ericsson – Key offeringsExhibit 145: Telefonaktiebolaget LM Ericsson – Segment focus11.11 Telstra Corp. Ltd. Exhibit 146: Telstra Corp. Ltd. – OverviewExhibit 147: Telstra Corp. Ltd. – Business segmentsExhibit 148: Telstra Corp. Ltd. – Key offeringsExhibit 149: Telstra Corp. Ltd. – Segment focus11.12 TIM S.p.A. Exhibit 150: TIM S.p.A. – OverviewExhibit 151: TIM S.p.A. – Business segmentsExhibit 152: TIM S.p.A. – Key offeringsExhibit 153: TIM S.p.A. – Segment focus

12 Appendix

12.1 Scope of the report12.2 Inclusions and exclusions checklist Exhibit 154: Inclusions checklistExhibit 155: Exclusions checklist12.3 Currency conversion rates for USUSD Exhibit 156: Currency conversion rates for USUSD12.4 Research methodology Exhibit 157: Research methodologyExhibit 158: Validation techniques employed for market sizingExhibit 159: Information sources12.5 List of abbreviations Exhibit 160: List of abbreviations

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