The fifth generation wireless technology majorly refers to delivering or providing the higher multi-Gbps peak data speeds, ultra-low inactivity, more consistency, enormous network capacity, increased availability, and a more uniform user experience to more users. Therefore, it allows higher performance to the users and also enables improved efficiency empower for the new user experiences which helps in connecting new industries.
As per the report Analysis, ‘Europe 5G Technology Market 2020-2030 by Offering, Communication Infrastructure, Connectivity (EMBB, MMTC, URLLC), Spectrum Range, Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity’ states that AT&T, Inc., China Mobile Ltd., China Telecommunications Corporation, Cisco Systems, Inc., Deutsche Telekom Ag, Ericsson AB, Extreme Networks, Fujitsu, Google Inc., Huawei Technologies Co., Ltd., Intel Corporation, Lenovo, LG Electronics, MediaTek Inc., Nokia Corp., NTT Docomo, Inc., Oppo, Orange S.A., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Sk Telecom Co. Ltd., Sprint, Telefonaktiebola get LM Ericsson, T-Mobile, Verizon Communications Inc. are some of the major players which are currently operating and dominating the market. Additionally, the report also provides a comprehensive competitive landscape among these players which includes various parameters such as Overview of the Vendors, New Product Launches, Partnerships, Investment, Mergers and Acquisitions and many more.
On the other hand, report also covers an in-depth qualitative analysis on the basis of various factors such as Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces Analysis and many more. The report covers 5 technology market on the basis of various segments such as By offering (Hardware, Software, and Services), By communication infrastructure (Radio Access Network (RAN), Small Cell Base Station, Macro Cell Base Station, Distributed Antenna Systems (DAS), Core Network, Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC), Network Slicing (NS), and Transport Network), By connectivity (Enhanced Mobile Broadband (EMBB), Massive Machine-type Communications (MMTC), Ultra-reliable Low-latency Communication (URLLC)), By Spectrum range (< 1 GHz, 1-6 GHz, and > 6 GHz), By Application (Industrial IoT, Connected Transportation & Autonomous Driving, Monitoring & Tracking, Enhanced Video Services, Virtual Reality & Augmented Reality, Smart Surveillance, and Other Applications) and many more. Moreover, the report also gives a deep analysis on the various geographies such as Germany, UK, France, Spain, Italy, Russia and the Rest of Europe (Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania).
Some of the major trend in this market refers to, increasing government initiatives of smart city building in Europe coupled with the rise in demand for mobile broadband services in Europe among the consumers, and also the increasing usage of internet and growing penetration of Smartphone and social networking apps are majorly impacting the Europe 5G infrastructure market growth positively.
In future, it has been anticipated that the overall Europe 5G technology market will increase at a double digit CAGR in the near future, majorly due to the rising need for 5G communication and connectivity in the region.
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Ankur Gupta, Head Marketing & Communications