5G technology market size to grow by $128.46 bn till 2026

The 5G technology market is estimated to register an incremental growth of USD 128.46 billion, accelerating at a CAGR of 69.34% between 2021 and 2026. The market is driven by the increasing R&D and deployment of 5G network. The market is witnessing significant investments in R&D, along with trend-setting innovations in 5G. For instance, in January 2020, Huawei completed 5G New Radio testing using a 2.6 GHz spectrum during the 5G trial organized by the IMT-2020 (5G) promotion group. The company’s findings and understandings after the test completion are expected to further accelerate innovations in 5G technologies. Thus, the advent of 5G technology will compel vendors to develop wireless test equipment that can support the technology effectively. Besides, governments across the world are setting up committees to work on the roadmap for the 5G rollout. Such developments are driving the growth of the global 5G technology market.

5G Technology Market 2022-2026: Vendor Analysis

The global 5G technology market is fragmented with several vendors providing 5G technology services. Major players hold a significant share of the market. As the market is still in the nascent stage, enterprises are still in the planning stage of implementation. However, large vendors will benefit from economies of scale. This is expected to hamper the entry of new players into the market. Some of the key vendors covered in the report include:

• Cisco Systems Inc. – The company offers 5G technology that unifies multivendor mobile solutions into an open, cloud-native architecture.
• CommScope Inc. – The company offers 5G technology in industrial campus networks that makes it possible to deliver predictive maintenance of machines or necessary changes in the production process can be made online.
• Huawei Technologies Co. Ltd. – The company offers 5G technology that provides solutions for commercial feasibility analysis, service development planning and design, product or offering design and GTM guidance, service operation strategy and guidance, value operation consulting, and operation optimization consulting.
• Nokia Corp. – The company offers 5G technology that helps achieve more precise indoor and outdoor radio network planning using technologies such as multi-dimensional valuable area selection.

CT Bureau