5G Equipment Market Global Analysis and Forecast to 2026

5G Equipment market is expected to grow from USD 12.45 billion in 2019 to USD 360.80 billion by 2026 at a CAGR of 75% from 2020 to 2026.

The 5G technology allows consistent communication for critical applications, like in medical treatment of patients, it assists in imaging, diagnostics, and treatment, thereby providing quality care; resource management; transportation; and agriculture. This technology is a main component for a connected society, requiring variety of components like device-to-device integration, multi-antenna transmission, and versatile user spectrum to perform operations at a better frequency and backhaul integration.

Increase in use of tablets and smartphones, growth in demand for network capacity to access connected services, and rise in demand for managing network capabilities to supply strong connectivity solutions for smart applications drive the 5G equipment market. Nevertheless, surge in security concerns and increase in security by means of validation, encryption, and authentication further increases the operational expenses, thereby restraining the market growth. Moreover, NFV and SDN enable telecom carriers to attenuate their dependency on hardware network equipment and shift their specialise in server-based infrastructure, presenting a serious opportunity for the market.

The global 5G Equipment market is segregated on the basis of Product as Microcell, Small Cell, and Others. The report also bifurcates the global 5G Equipment market based on End User in Retail Sector and Non-retail Sector.

The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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The global 5G Equipment market has been segmented as below:

By Product

• Microcell

• Small Cell

• Others

By End User

• Retail Sector

• Non-retail Sector

By Region

• Europe

• North America

• Asia Pacific

• Rest of The World

Competitive Rivalry

Ericsson, Nokia, Qualcomm, ZTE Corporation, Samsung, Huawei Technologies, AT&T, Vodafone, Verizon, Sprint Corporation, and others are among the major players in the global 5G Equipment market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

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