The global 5G Network Market size is expected to reach USD 41.50 billion in 2020 and USD 65.61 billion in 2024.
Major Players in the 5G Network Market Qualcomm (US), Intel (US), Ericsson, Samsung, NEC (JP), Mediatek, Cisco (US), Huawei (CN), Cavium and Qorvo and Huawei (CN). . Telecommunications operators around the world—including AT&T Inc., KT Corp, and China Mobile have been racing to build the fifth-generation (5G) of wireless technology.
South Korea, China, and the United States are the countries that lead the world in building and deploying 5G technology.
Since the outbreak of the pandemic, Over 50% of people worldwide say they are watching more streaming services, and almost 45 percent are spending more time on social media and messaging apps. The subscription growth rate for video streaming companies also grew sevenfold in March 2020 compared to the growth rate over the previous 12 months.
As in July 2020 recorded,
- 92 commercial networks in 38 countries,
- 150 million 5G subscribers in China
- 320 million 5G subscribers forecasted in the US by the end of 2025
- 8 million 5G subscribers in South Korea – with close to 30 percent of the country’s mobile 5G data traffic in July 2020 being generated by only 11.3 percent of subscribers
- 6 times higher 5G data usage compared to 4G subscribers in South Korea.
By 2025, 5G networks are likely to spread over a one-third of the world's population. The impact on the mobile industry and its customers will be profound. 5G is more than a new generation of technologies; it denotes a new era in which connectivity will become increasingly fluid and flexible.
Verizon is at the forefront of the 5G revolution, operating a national 5G ultra wideband network that helps both individuals and organizations communicate and access information 25 times faster than on 4G networks.
20 November 2020, Telstra and Ericsson will collaborate to develop an edge cloud solution for enterprise use cases. It will be delivered within months and strengthen Telstra’s ability to serve enterprise customer needs in the 5G era, with network services offered either on the edge or on-premise. The range of potential applications spans areas including agriculture, industrial IoT and smart cities. 5G is driving renewed interest in B2B as the enterprise segment provides new opportunities to expand beyond connectivity. These partnerships are crucial to foster technology and service innovation for vertical industries.
South Korea’s Ministry of Science and ICT has reported that at the end of August 2020, 5G connections in the country reached 8.65 million. In August month recorded the highest level of monthly 5G customer growth this year, which was likely supported by Samsung’s launch of its new Galaxy Note 20 smartphone. The prospect of additional 5G-capable devices from Samsung and other vendors could help subscriber ads remain strong over the near term. By 2025, GSMA Intelligence forecasts that 5G connections in South Korea will reach 41 million, representing a 68% adoption rate.
Oct 2020, Telefónica and Rakuten have announced a partnership to accelerate the development of Open RAN technology for 5G access and core networks, and the associated operations support systems (OSS). They will jointly test, develop and procure Open RAN systems. They will also develop proposals for the role of artificial intelligence in the RAN. They also add into this momentum to the adoption of Open RAN and illustrate the growing commitment by key industry stakeholders. Rakuten has already commenced the rollout of its greenfield 5G network using Open RAN solutions, while Telefónica aims to have Open RAN in 50% of its network deployed between 2022 and 2025.
At Intel FPGA Technology Day on Nov 2020, Intel announced a new, customizable solution to help accelerate application performance across 5G, artificial intelligence, cloud and edge workloads. The new Intel® eASIC N5X is the first structured eASIC family with an Intel® FPGA compatible hard processor system. The Intel eASIC N5X helps customers migrate both their custom logic and designs using the embedded hard processor in the FPGA to structured ASICs, bringing benefits like lower unit cost, faster performance and reduced power consumption.
Market Segmented by technology service, Application and Region. By technology service it contains Software-Defined Networking (SDN) and Network Function Virtualization (NFV). By application it has Mobile operators, Enterprises and others. By region covers 5 major geographic regions, namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is estimated to account for the largest market size during the forecast period. North America is an eminent leader in adopting advanced technologies. The U.S. Government has banned Huawei Technologies, Co, Ltd, a China-based 5G equipment provider, and system integrator, to deploy its 5G equipment across the country. As a result, the 5G companies and telecom operators face challenges in private 5G network deployment through partnerships and collaborations.
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