5G technology market size to grow by USD 128.46 billion

The potential growth difference for the 5G technology market between 2021 and 2026 is USD 128.46 billion, as per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 69.34% during the forecast period, according to Technavio.

Vendor landscape
The 5G technology market is fragmented and the vendors are deploying growth strategies such as investments in R&D to compete in the market. To make the most of the opportunities and recover from post pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. As the setting up of 5G networks requires government permission for which bids are announced, the competition is high among vendors.

Top 5G Technology Companies Covered with their Offerings

• Deutsche Telekom AG: 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.
• Intel Corp.: The company offers 5G technology that enables AI-driven business powered by cognitive reasoning, machine learning, and deep learning by tapping into massive amounts of data connected for the first time by pervasive networks.
• Nokia Corp.: The company offers 5G technology that helps to achieve more precise indoor and outdoor radio network planning using technologies such as multi-dimensional valuable area selection.
• Qualcomm Inc.: The company offers 5G technology that enables applications to provide real-time insights using Intelligent Wireless Edge, a new distributed intelligence paradigm to deliver a scalable and efficient 5G expansion, bringing benefits such as lower latency and better privacy.

CT Bureau