Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the 5G market provides in-depth analysis of segments and sub-segments in the GCC as well as regional 5G market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional 5G market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of GCC 5G market. According to the report, the GCC 5G market is projected to grow at a CAGR of 99.83% over the forecast period of 2021-2027.
The GCC 5G market was valued at USD 1397.7 million in 2021 and is anticipated to reach USD 89000.6 million in 2027, growing with a CAGR of 99.83% during the projection period. 5G technology is the advanced next-generation of wireless communication or mobile broadband. 5G technology is anticipated to replace or augment the 4G LTE connection. Furthermore, it is an advanced technology, which would improve network connection. While using a 5G network, an individual would not face any disturbances when sharing videos from crowded areas, neither high-quality videos nor newsfeed would face buffering issues. At present, beneath 3G and 4G networks, the focus is naturally shifted toward the development and deployment of 5G network technology.
The major factors contributing toward the growth of the GCC 5G markets include the accelerating adoption of virtual network architecture in telecommunications, lower latency in 5G, and increasing machine-to-machine adoption across multiple industries, and increasing mobile data traffic around the region. Furthermore, in the technological landscape, a smartphone is a basic necessity for every individual across the region. Numerous platforms, such as social media, websites, and web applications are a part of every individual’s life. Web adoption has observed significant growth in data traffic across the region. In addition, data traffic is increasing owing to the availability of economic data plans from various network providers. This extreme increase in data traffic is creating strong demand for 5G technology.
Among the geographies, the UAE is expected to hold the largest share in the GCC IoT markets owing to a rise in strategic trails to launch 5G technologies and equipment in this region. In October 2019, the UAE became the first country in the Arab region to deploy a 5G cellular wireless network. Etisalat, the biggest telecom operator in the UAE, is the first service provider to announce the availability of a 5G network in the region. On the other hand, Saudi Arabia has a new plan to allocate or improve 23 GHz of the spectrum to increase 5G speeds and coverage and potentially best other countries in the Gulf Cooperation Council (GCC). This region has been ahead of the 5G curve since early days with Qatar introducing commercially available 5G in 2018 and Bahrain, Kuwait, Saudi Arabia, and the United Arab Emirates following soon after in the year 2019.
The report on GCC 5G market covers segments such as component, connectivity, application, and end user. On the basis of component, the sub-markets include hardware, software, and services. On the basis of connectivity, the sub-markets include enhanced mobile broadband (eMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (mMTC). On the basis of application, the sub-markets include connected vehicles, VR & AR, enhanced video services, and others. On the basis of end user, the sub-markets include it & telecom, automotive, government, and others.
The report provides profiles of the companies in the market such as Ericsson, Huawei Technology, Orange S.A., Qualcomm Inc., Cisco Systems Inc., NEC Corp., Nokia, Broadcom Inc., IBM, and Intel Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the 5G market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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