The global 5G market is anticipated to amount to US$ 2.56 Bn by 2020 and is also estimated to reach US$ 23.95 Bn by 2025. The report highlights the trends prevalent in the global 5G market and the factors driving the market along with those that act as deterrents to its growth.

Pune, India -- (SBWire) -- 03/13/2019 --The market for 5G infrastructure consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many stakeholders in the 5G ecosystem that are involved in the end-to-end development of 5G technology and ensuring that the best service is made available for the users by the first half of 2020. Government funding for research & development, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for 5G over the forecast period.

Encouraging Government support through investments and strategic partnerships to create more opportunities for the network operators in the 5G market which is forecasted to grow at a CAGR of 56.39%.

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The 5G market segmentation is done on the basis of networking infrastructure and industry vertical. The market for 5G is segmented on the basis of networking infrastructure into small cells, macro cells and others. Further, the market has been segmented into various industry verticals that are anticipated to be benefitted through incorporation of 5G technology into their operational models. A number of industry verticals are set to be positively impacted post the rollout of 5G technology services in the market space. The major industry verticals include smart automotive, healthcare, smart transportation & logistics, consumer electronics, industry automation, building & home automation, and others.

The key players profiled in the report are

1. T-Mobile USA, Inc.
2. Cisco Systems, Inc.
3. AT&T, Inc.
4. Qualcomm, Inc.
5. Ericsson
6. Huawei Technologies Co. Ltd.
7. Verizon Communications, Inc.
8. Nokia Networks
9. Telefonica S.A.
10. Orange S.A.

Governments of various developing economies across the globe have realized the potentials of 5G and the impact this technology can have on the GDP of the country. Also, it is anticipated that due to digitalization of businesses, huge jobs would be created that would in turn have a positive impact on the economy of a particular country. TeleBrasil, which is the Brazilian Telecommunications Association has signed an agreement with China, the US, European Union, Japan and South Korea to develop 5G technology in the country. The Indian government has established a 5G forum with a budget of approximately $76 million dedicated to 5G research and development.

The Mexican Government is striving to increase the connectivity coverage across the country with its project named Red Compartida. This project involves building a 5G ready network using the LTE technology for rollout in Mexico. Further, countries like Argentina, Chile, and Columbia have also taken initiatives for investment in the 5G technology through partnerships with giant telecommunication players such as Nokia and Huawei Telecommunications. Moving on to the Middle East and African countries, the Saudi Arabian government is strategically focusing on the development of 5G technology in various countries present in this region.

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North America and APAC will have bigger share of revenue in the market, owing to their economically economies and developed infrastructure to support upcoming technological trends in almost all industry sectors and the population in the region coupled with smartphone penetration. Globally 5G market is expected to foresee significant rise in terms of revenue share. By 2025, the market scenario is expected to change in terms of acquired revenue share. North America is expected to be a saturated market with almost constant market share over the forecast period.