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Next Generation Wireless Network Market Segmentation by Technology (Wireless LAN, 3G, 4G LTE, and 5G); by Type (Fixed, Mobile, Portable, and IR); by End User (Telecommunication, Consumer Electronics, Manufacturing, Aerospace and Defense, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Next Generation Wireless Network Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·    September 2021- Qualcomm announced to sell its 700 MHz band and E block spectrum licenses to AT&T for USD 1,925 billion.

·    August 2021- AT&T and Cisco have launched 5G service for internet of things applications across the United States, and will be delivering faster speeds and lower latency for enterprise customer IoT deployments.

Global Next Generation Wireless Network Market Highlights 2022 – 2030

The global next generation wireless network market is estimated to acquire a substantial revenue by growing at a CAGR of ~15% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed primarily to the continuous evolution of wireless technology, beginning from 0G, i.e., radio telephones to 5G, the next-gen wireless system set. 5G wireless networks are being developed in a manner to be well-suited for very high frequencies, equipped with low latency and huge data capacities, which in turn is expected to intensify the demand for these networks in the near future. In 2020, more than 210 million customers purchased a 5G subscription, which is calculated to rise by almost 8 times, reaching up to 1.6 billion by the end of the year 2023. Along with these, with the rising emergence of internet of things (IoT) connectivity, more wireless network services are surfacing with an aim to downscale energy consumption and cost. This is another factor projected to drive market growth in the forthcoming years. Advancements in wireless sensor networks, informatics and telecommunications is also assessed to offer profitable opportunities to the market players.

Next Generation Wireless Network Market

The market is segmented by end user into telecommunication, consumer electronics, manufacturing, healthcare, banking, automotive, retail, aerospace and defense, and others, out of which, the healthcare segment is anticipated to hold the largest share in the global next generation wireless network market. This can be accounted to the shift of healthcare spending towards preventive care as 5G offers enormous opportunities for expanding monitoring practices via wearable devices. Increasing development of microscopic cameras and remote-controlled robotic surgery are also projected to drive growth of the market segment in the future. In addition, the manufacturing segment is also evaluated to occupy a notable market share over the forecast period owing to the growing adoption of artificial intelligence and IoT technologies in the industry for improving data collection and enhancing efficiency. Moreover, on the basis of technology, the 5G segment is predicted to observe the highest CAGR by the end of 2030, ascribing to the high flexibility of 5G technology as compared to Wi-Fi, and its ability to support a wide range of devices. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Next Generation Wireless Network Market Regional Synopsis

On the basis of geographical analysis, the global next generation wireless network market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the implementation of government schemes supporting the development of wireless cellular technologies such as O-RAN architecture, and rising usage of IoT among organizations, especially in China, India and Japan. For instance, more than 2.8 billion IoT connections were established in China in 2018, which increased up to approximately 6.8 billion by the end of 2020. Additionally, the market in North America is projected to grab the largest share during the forecast period in view of the rising adoption of wireless technology in applications such as household appliances, self-driving cars and industrial machinery. In addition, strong presence of major IT players in the region is also assessed to fuel the market’s progress in the imminent time. 

The global next generation wireless network market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global next generation wireless network market includes the following segments:

By Technology

  • Wireless LAN
  • 3G
  • 4G LTE
  • 5G

By Type

  • Fixed
  • Mobile
  • Portable
  • IR

By End User

  • Telecommunication
  • Consumer Electronics
  • Manufacturing
  • Healthcare
  • Banking
  • Automotive
  • Retail
  • Aerospace and Defense
  • Others

Growth Drivers

  • Continuous Evolution of Wireless Technology
  • Rising Emergence of Internet of Things (IoT) Connectivity

Challenges

  • High Initial Investment to Deploy Next Generation Wireless Networks

Top Featured Companies Dominating the Market

  • AT&T Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Qualcomm Technologies, Inc.
  • IBM Corporation
  • Cisco Systems, Inc.
  • Nokia Corporation
  • Semtech Corporation
  • T-Mobile International AG
  • SIGFOX
  • Verizon Communications Inc.
  • Vodafone Idea Limited

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