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
Technavio has announced its latest market research report titled Global 5G Technology Market 2023-2027
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 Plc
Dell Technologies Inc.
Deutsche Telekom AG
Fujitsu Ltd.
HCL Technologies Ltd.
Intel Corp.
Qualcomm Inc.
Samsung Electronics Co. Ltd.
Siemens AG
T Mobile US Inc.
Tech Mahindra Ltd.
Telefonaktiebolaget LM Ericsson
Telstra 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 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
Software
Services
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
Manufacturing
Automotive
Energy and Utilities
Others
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 America
Europe
APAC
South America
Middle 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 2022-2026
Detailed information on factors that will assist 5G technology market growth during the next five years
Estimation of the 5G technology market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the 5G technology market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of 5G technology market vendors
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Related Reports:
The 5G MmWave technology market size is expected to increase to USD 674.1 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 31.8%. The market is segmented by application (wired/fiber connection replacement, cellular backhaul/fronthaul, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The 5G testing equipment market is estimated to grow at a CAGR of 7.84% and the size of the market is forecasted to increase by USD 515.76 million between 2022 and 2027. The market is segmented by application (oscilloscopes, signal generators, signal analyzers, network analyzers, and others), end-user (telecom equipment manufacturers, original device manufacturers, and telecom service providers), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
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5G Technology Market Scope |
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 69.34% |
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Market growth 2022-2026 |
USD 128.46 billion |
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Market structure |
Fragmented |
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YoY growth 2021-2022(%) |
67.81 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 46% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accenture Plc, Cisco Systems Inc., CommScope Inc., Dell Technologies Inc., Deutsche Telekom AG, Fujitsu Ltd., HCL Technologies Ltd., Huawei Technologies Co. Ltd., Intel Corp., Nokia Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, T Mobile US Inc., Tech Mahindra Ltd., Telefonaktiebolaget LM Ericsson, Telstra Corp. Ltd., TietoEVRY Corp., TIM S.p.A., and Viavi Solutions Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse through Technavio’s Information Technology Market Reports
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 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 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 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 Component
Exhibit 28: Data Table on Comparison by Component
5.3 Software – Market size and forecast 2021-2026
Exhibit 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 2021-2026
Exhibit 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-user
Exhibit 41: Data Table on Comparison by End-user
6.3 Manufacturing – Market size and forecast 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 comparison
Exhibit 63: Data Table on Geographic comparison
8.3 North America – Market size and forecast 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 2021-2026
Exhibit 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 drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
10.4 Industry risks
Exhibit 108: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 109: Vendors covered
11.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
11.3 Cisco Systems Inc.
Exhibit 111: Cisco Systems Inc. – Overview
Exhibit 112: Cisco Systems Inc. – Business segments
Exhibit 113: Cisco Systems Inc. – Key news
Exhibit 114: Cisco Systems Inc. – Key offerings
Exhibit 115: Cisco Systems Inc. – Segment focus
11.4 Deutsche Telekom AG
Exhibit 116: Deutsche Telekom AG – Overview
Exhibit 117: Deutsche Telekom AG – Business segments
Exhibit 118: Deutsche Telekom AG – Key offerings
Exhibit 119: Deutsche Telekom AG – Segment focus
11.5 Huawei Technologies Co. Ltd.
Exhibit 120: Huawei Technologies Co. Ltd. – Overview
Exhibit 121: Huawei Technologies Co. Ltd. – Business segments
Exhibit 122: Huawei Technologies Co. Ltd. – Key offerings
Exhibit 123: Huawei Technologies Co. Ltd. – Segment focus
11.6 Intel Corp.
Exhibit 124: Intel Corp. – Overview
Exhibit 125: Intel Corp. – Business segments
Exhibit 126: Intel Corp. – Key news
Exhibit 127: Intel Corp. – Key offerings
Exhibit 128: Intel Corp. – Segment focus
11.7 Nokia Corp.
Exhibit 129: Nokia Corp. – Overview
Exhibit 130: Nokia Corp. – Business segments
Exhibit 131: Nokia Corp. – Key offerings
Exhibit 132: Nokia Corp. – Segment focus
11.8 Qualcomm Inc.
Exhibit 133: Qualcomm Inc. – Overview
Exhibit 134: Qualcomm Inc. – Business segments
Exhibit 135: Qualcomm Inc. – Key news
Exhibit 136: Qualcomm Inc. – Key offerings
Exhibit 137: Qualcomm Inc. – Segment focus
11.9 T Mobile US Inc.
Exhibit 138: T Mobile US Inc. – Overview
Exhibit 139: T Mobile US Inc. – Product / Service
Exhibit 140: T Mobile US Inc. – Key offerings
11.10 Telefonaktiebolaget LM Ericsson
Exhibit 141: Telefonaktiebolaget LM Ericsson – Overview
Exhibit 142: Telefonaktiebolaget LM Ericsson – Business segments
Exhibit 143: Telefonaktiebolaget LM Ericsson – Key news
Exhibit 144: Telefonaktiebolaget LM Ericsson – Key offerings
Exhibit 145: Telefonaktiebolaget LM Ericsson – Segment focus
11.11 Telstra Corp. Ltd.
Exhibit 146: Telstra Corp. Ltd. – Overview
Exhibit 147: Telstra Corp. Ltd. – Business segments
Exhibit 148: Telstra Corp. Ltd. – Key offerings
Exhibit 149: Telstra Corp. Ltd. – Segment focus
11.12 TIM S.p.A.
Exhibit 150: TIM S.p.A. – Overview
Exhibit 151: TIM S.p.A. – Business segments
Exhibit 152: TIM S.p.A. – Key offerings
Exhibit 153: TIM S.p.A. – Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 154: Inclusions checklist
Exhibit 155: Exclusions checklist
12.3 Currency conversion rates for USUSD
Exhibit 156: Currency conversion rates for USUSD
12.4 Research methodology
Exhibit 157: Research methodology
Exhibit 158: Validation techniques employed for market sizing
Exhibit 159: Information sources
12.5 List of abbreviations
Exhibit 160: List of abbreviations
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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