Global 5G Market - Forecasted (2020 - 2025) market size and overview

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Global 5G Market - Forecasted (2020 - 2025)
market size and overview

• Aarkstore Market Research

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SUMMARY

• 5G is a crucial component of the global digitally
  connected ecosystem, currently. It is estimated
  that between 2019 and 2025, the number of 5G
  users will increase by roughly 1.2 Bn, globally.
  The United States (U.S.), China, Japan, and the
  majority of European Union (EU) countries will
  account for 70 of the 5G users by 2025. Once it
  is launched commercially in 2020, the 5G market
  will expand at a compound annual growth rate
  (CAGR) of 97.1 till 2025.

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SEGMENT INSIGHTS

• The ever-increasing demand for enhanced mobile
  broadband experience, and rise in smartphone
  adoption are driving revenue from SIM cellular
  connections. 5G SIM cellular connections are
  expected to increase at a staggering 129
  compound annual growth rate (CAGR), from 2020 to
  2025. Not only that, both data consumption and
  speed will also increase at a considerable rate.
  Increase in user engagement through smartphone is
  the major cause of growth in data consumption,
  while improvement of network infrastructure is
  expected to lead to greater connection speeds.
  Smartphone users, on an average, spend time
  accessing over 30 apps on a monthly basis,
  according to recent survey reports. 

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• SIM M2M connections will also witness rapid
  growth during the forecast period. Connected home
  applications, such as home security and video
  surveillance, home automation, connected white
  goods, and tracking applications will represent
  nearly half of the total M2M connections by 2021.
  M2M devices penetration for industrial use will
  also increase, and it is estimated that there
  will be less than half a billion M2M connections
  in sectors like retail, manufacturing, and
  energy. This will mainly be driven by automation
  and artificial intelligence (AI).

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REGIONAL INSIGHTS

• North America is expected to witness a rapid
  change in consumer engagement with mobile
  devices. Majority of the traffic generated will
  come from the use of video files. Companies will
  develop strategies and business models in order
  to generate revenue from this major trend. 99 of
  the mobile connections will be smart connections
  by 2021, up from 81 in 2016. More than 50 of
  the revenue from SIM cellular connections, and
  60 from SIM M2M cellular connections are
  expected to come from this region. A combination
  of improved coverage, proliferation of connected
  devices, and demand for high-speed networks in
  Europe continues to drive the adoption of 4G, and
  make way for future 5G services as well.
  Asia-Pacific will account for majority of the
  global cellular subscribers by 2020. Although
  revenue growth in recent times have slowed,
  nonetheless, the region shows a lot of promise in
  terms of the rapid adoption of Internet of Things
  (IoT) in the near future. The Middle East and
  Africa, and Latin American regions will be very
  slow in picking up pace.

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COMPANIES COVERED

• 1. China Mobile2. Verizon Communications3.
  ATT4. Vodafone5. Nippon Telegraph and
  Telephone6. Sprint Corporation7. Deutsche
  Telekomu8. Telefónica9. América Móvil 10.
  China Telecommunications Corp

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