In the mainstream of wireless technology, 5G is still gaining ground. Faster internet speeds, improved security, and the expansion of the internet beyond personal palms are all goals that are driving the 5G network effort. 5G opens up the possibility of connecting the entire world. According to Emergen Research, the global 5G networks market is expected register a CAGR of 67.4%, growing from USD 783.6 Million in 2019 to USD 48.44 Billion in 2027. 5G Network mostly used byconsumer services companies like softwares houses, call centers e.t.c.
Analysts predict that 5G will enter the mainstream by 2020. Only six businesses have been assigned 31 percent of 5G patents. Samsung occupies a large revenue share of the market, with over 600 patents, and is followed by Intel, Nokia, Huawei, Ericsson, and ZTE.
The top 10 companies leading the 5G network market are:
- Samsung
- Intel
- Nokia
- Huawei
- Ericsson
- ZTE
- Ericsson
- Qualcomm
- AT&T
- NEC
- Cisco
For statistical analysis study on 5G Network market research report, Download Report Summary
Samsung (Revenue USD 200.6 Billion)
In 2011, Samsung began researching on 5G technologies. Since then, the company has made significant progress in the next generation of technology, and it is currently regarded as one of the industry leaders in the 5G space. Thanks to a partnership between Samsung and Verizon, users in the United States will be among the first to enjoy commercial 5G services as early as the second half of 2018. The agreement, which specifies Samsung's delivery of 5G technology-based Fixed Wireless Access (FWA) network solutions to the United States' leading mobile network operator, has allowed 5G services to launch two years sooner than the industry had anticipated.
AT&T (Revenue USD 171.76 Billion)
AT&T has launched gigabit 5G connections in three cities: Waco, TX, Kalamazoo, MI, and South Bend, IN, in addition to claiming to be the first to deliver 5G services in America. AT&T planned to test 24GHz millimetre wave equipment, as well as more “sub6” equipment. AT&T applied for a two-year “5G” experimental licence in Austin, Texas, to include testing in the 5GHz and 24GHz bands.
Huawei (Revenue USD 136.23 Billion)
Huawei's global 4G LTE network success may be attributed to its end-to-end cellular network portfolio, which includes macro-cells, small cells, single RAN and converged core, as well as a transport network. The company intends to support customer service points (CSPs) by expanding its 5G product offering.
Huawei's 5G portfolio has more scale and breadth than its competitors. The company offers a number of radio product lines with advanced capabilities such as scenario-based beamforming and network slicing, as well as AI-based network management and automation. But Huawei's operations and efforts to enter new 5G contracts may be hampered due to rising political tensions and security concerns between the US and China.
Intel (Revenue USD 77.87 Billion)
The 5G Effect will change industries across all business sectors, causing waves of effect that spur market growth and the global economy. Intel is performing end-to-end interoperability development testing in various countries and environments. It has also been collaborating closely with standard-setting organisations and plays a key role in the evolution of standards that will help define the 5G industry in the coming years.
Cisco (Revenue USD 49.3 Billion)
With its 5G business, the San Jose, Calif.-based networking juggernaut is focusing on telco cloud, mobile core, SDN transport, and automation. Cisco's Virtualized Packet Core has piqued the interest of major CSPs, and it supplied UPF, SMF, and PCF to T-industry-first Mobile's 5G SA network. Cisco is a pioneer in Internet Protocol (IP) technology, which is beneficial as EPC/5G core is an all-IP network technology. In Open vRAN, Cisco has built a strong ecosystem that includes all of the key companies as well as customer service point interest.
Ericsson (Revenue USD 46.9 Billion)
The Swedish networking and telecommunications company provides CSPs with information and communications technology services, software, and infrastructure. Ericson's end-to-end 5G solutions comprise the Orchestration, 5G Core, Ericsson Radio System, and 5G Transport, as well as top-tier professional services. Ericsson has the most 5G deals. The company's leadership in the evolution of 5G technology, including improvements like as dynamic spectrum sharing (DSS) and Uplink Booster, gave it a "first-mover advantage."
NEC (Revenue USD 28 Billion)
Through the convergence of IT and network technologies, the Japanese communications specialist, along with its Netcracker subsidiary, is providing highly dependable 5G networks to CSPs and industry players. By developing its NEC Vertical Business Platform, NEC
hopes to become a system integrator as well as a product supplier in Open RAN. By assisting its CSP clients NTT DOCOMO and Rakuten Mobile, NEC has gained a position in large-scale 5G installations in Japan. NEC's Open RAN solution is gaining traction in a number of international markets.
Nokia (Revenue USD 23.33 Billion)
New services, breakthrough apps, and limitless commercial opportunities will all be available. For their project 5G MoNArch, the Nokia corporation uses an 8000-hectare site to conduct crucial 5G tests in collaboration with Deutsche Telekom and Hamburg Port Authority. The major purpose of the project is to obtain knowledge and experience from 5G networks in a real-world setting. Its industrial applications could include traffic light control, data processing from mobile sensors, and virtual reality (VR) applications.
Qualcomm (Revenue USD 23.53 Billion)
Qualcomm Inc. is a company that develops and sells wireless communication technology, such as the 3G CDMA and 4G LTE standards. The company develops and produces software and integrated circuits (chipsets), which are utilised in wireless network equipment and mobile devices, in addition to licencing intellectual property linked with these technologies.
Qualcomm is pursuing a parallel development plan covering 4G, 5G, and Wi-Fi technology in the near term to allow multimode mobile devices that can smoothly switch between networks when 5G network capabilities are phased in. The company is actively involved in the creation of 5G industry standards and has developed technological breakthroughs in millimetre wave technology, antenna technology, and other 5G-related areas. Qualcomm has a market capitalization of USD 81 billion and is situated in California.
ZTE (Revenue USD 13.2 Billion)
ZTE's telecommunications product portfolio includes wireless and wired infrastructure, core networks, software systems and services, and Internet of Things. ZTE's extensive 5G portfolio allows it to address a wide range of needs. ZTE offers a variety of cutting-edge 5G technologies and features, including SuperDSS, massive MIMO, compact multi-RAT and multiband sites, AI-driven smart operation, and energy conservation, as well as network slicing and a converged 5G core.
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