The 5G technology market is estimated to register an incremental growth of USD 128.46 billion, accelerating at a CAGR of 69.34 percent between 2021 and 2026. Strategic collaboration among market participants will emerge as a key trend in the market. Many governments and private organizations are collaborating with market vendors to accelerate the deployment of 5G technologies. For instance, in May 2020, IBM, Samsung and M1 collaborated to start smart manufacturing trials to find and explore ways to improve 5G connectivity in robotic arms and smart devices on factory floors in Singapore. Similarly, in May 2020, Samsung and Hyundai joined hands to discuss a potential collaboration in electric cars. Such strategic collaborations among vendors and end-users are expected to have a positive impact on the growth of the market during the forecast period. The report, “5G Technology Market by Component, Application, and Geography - Forecast and Analysis 2023-2027,” from Technavio, offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers and the overall market environment.

5G Technology Market 2022-2026: Vendor Analysis

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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.
  • Accenture Plc
  • Dell Technologies Inc.
  • Deutsche Telekom AG
  • Fujitsu Ltd.
  • HCL Technologies Ltd.
  • Intel Corp.
  • Qualcomm Inc.
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • T Mobile US Inc.
  • Tech Mahindra Ltd.
  • Telefonaktiebolaget LM Ericsson
  • Telstra Corp. Ltd.
  • TietoEVRY Corp.
  • TIM S.p.A.
  • Viavi Solutions Inc.

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