The report titled EU5 5G Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for EU5 5G Market Products.
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In Canada, the ICT sector consists of around 41,500 companies. Out of these, over 37,000 companies fall under software and computer services industry, resulting in around 89.8% of key players in the ICT industry to be involved in software and computer services. On the other hand, in the year 2018, as per the statistics of the Canadian ICT Sector Profile, released by the Government of Canada, ICT wholesaling, communications services and ICT manufacturing contributes to 4.5%, 3.4% and 2.2% share respectively in the country.
The fifth generation of mobile technology (5G technology) is expected to cater to the demand and provide the business frameworks needed by and beyond 2020. In addition to driving a connected society, 5G wireless technology will bring about socio-economic transformations through productivity, sustainability and well-being. Mobile 5G seems to be the next big thing in the global digital connectivity ecosystem. The EU5 5G market is anticipated to show a triple-digit growth rate in the forecasted period.
The European Commission’s had already launched a 5G action plan under its digital market strategy in 2016. Under the strategy, it had made spectrum brands available for 5G and set up the roadmap for private and public investment. This is expected to make 5G adoption easy in the EU5 countries.
Since 2013, European countries are making an enormous investment on LTE- advanced networks and working on its continuous deployment. These are facilitating new services that are leading to spectrum reframing and shutdown of 2G and 3G networks. The collective advancement of this technology is expected to drive 5G connections.
The EU 5 5G market is classified into SIM cellular connections and SIM M2M cellular connections. These are further divided into data per user and 5G data traffic for each categories. In the EU 5, SIM cellular connections hold majority of the market share, whereas SIM M2M cellular connections are anticipated to show triple-digit growth rates. Also, SIM connections are expected to expand from 752 Mn to 882 Mn from 2016 to 2020, with 130% penetration.
The EU5 region is expected to outrun the 4G adoption. By 2025, it is expected that about 75% of the population in the EU5 countries will be under 5G coverage. Countries like the UK (United Kingdom), Germany, and France are expected to lead the 5G market.
Key growth factors:
o The major growth factors of the EU5 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks
o EU5 is looking forward to take up a leadership role in the 5G market. It is estimated that Europe will reach about 214 5G connection by 2025
Threats and key players:
o A major challenge for EU5 developers and internet companies is the lack of economies of scale in national markets in comparison to the U.S., or emerging markets in Asia such as China and India
o The key players in these markets are Deutsche Telekom, Telefonica, Vodafone, Orange, and BT
What’s covered in the report?
1. Overview of the EU 5 5G market
2. The forecasted market size data of the EU 5 5G market
3. The forecasted market size for the segments of SIM cellular connections and SIM M2M cellular connections, and each segment’s data usage (GB/month) and data traffic (EB/year)
4. The forecasted market size for applications- Internet of Things, Robotics & Automation, Virtual Reality, others
5. Market trends in the EU 5 5G market
6. Market drivers and challenges in the EU 5 5G market
7. Analysis of company profiles of the major players operating in the market
Why buy?
1. Get a broad understanding of the EU 5 5G market and its segments by applications
2. Get region-specific drivers and challenges affecting the EU 5 5G market
3. Recognize significant competitors’ business and market dynamics, and respond accordingly
Customizations Available
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The Market report answers the following questions:
What is the aim of the report?
- The EU5 5G Market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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