5G technology market 2022-2026: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Dec. 15, 2022 /PRNewswire/ -- According to Technavio, the global 5G technology market size is estimated to grow by USD 128.46 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 69.34% during the forecast period. North America will account for 46% of the market's growth during the forecast period.

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Global 5G technology market - Parent market analysis

Technavio categorizes the global fifth-generation (5G) technology market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. The parent global technology hardware, storage, and peripherals market covers manufacturers of smartphones, personal computers, servers, electronic computer components, and peripherals. It also includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. 

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Global 5G technology market - Five forces
The global 5G technology market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global5G technology market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global 5G technology market - Segmentation assessment

Segment Overview
Technavio has segmented the market based on components (software and services), end-user (manufacturing, automotive, energy and utilities, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The software segment will grow at the highest rate during the forecast period. Several industries are early adopters of advanced technologies. The growth of the 5G technology market in North America would be driven by the rising use of wireless technologies in nations like the US during the forecasted period.

Geography overview
By geography, the global 5G technology market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global 5g technology market.

• North America will account for 46% of the market's growth during the forecast period. US and Canada are the key markets for 5G technology in North America. The market in this region will expand more quickly than the market in Europe. Over the projection period, the growth of the 5G technology market in North America would be driven by the rising use of wireless technologies in nations like the US.

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Global 5G technology market – Market dynamics
Key factor driving market growth

• One of the key factors driving the global 5G technology market growth is the growing R&D and deployment of the 5G network.
• During the projection period, R&D efforts are anticipated to expand along with trend-setting inventions. The evolution of 5G technology will compel market vendors to develop wireless test equipment that can support the technology effectively. Vendors are competing for 5G network deployment, especially in North America.
• For instance, the Indian government is attempting to set up a fund for the advancement of 5G technology. A high-level committee was established by the Indian government in 2021 to develop a roadmap for the deployment of 5G by June 2022. All these factors will have a positive impact on the global 5G technology market during the forecast period.

Leading trends influencing the market 

• Strategic collaboration among market participants is one of the key 5G technology market trends that is expected to impact the industry positively in the forecast period.
• Market players from a variety of sectors, including utilities, semiconductor integrated circuits (IC), telecommunication network infrastructure, and information technology solutions, are making significant investments in 5G technology. Various governments are also collaborating with industry players to accelerate the adoption of 5G technology.
• 5G technology has the potential to provide network transmission speeds of very high magnitudes compared with that of the 4G network. The integration of HMI technologies across the end-user industries is driving the demand for networks that can support high-bandwidth applications with low latency. As a result, a large number of companies focus on developing 5G-compatible devices and establishing networks as a part of the 5G network ecosystem.

Major challenges hindering the market growth

• One of the key challenges to the global 5G technology market growth is the high deployment cost of 5G technology.
• The major issues impeding the expansion of the global 5G technology market are the high cost of small-cell network installation and the lack of security for remotely located outdoor power systems. Large companies in the target market must follow strict guidelines set by telecommunication standard groups. Businesses' profit margins were impacted by customers' ongoing pressure for competitive prices. 
• The market is expected to face a challenge due to the high cost of new frequency spectrum releases. Additionally, for effective 5G operations, complex network virtual applications must be designed and maintained within a given budget. Such factors will impede the market growth during the forecasted period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this 5G technology market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the 5G technology market between 2022 and 2026
• Precise estimation of the size of the 5G technology market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the 5G technology market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of 5G technology market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Component

• 5.1 Market segments 
• Exhibit 25: Chart on Component - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Component - Market share 2021-2026 (%)

• 5.2 Comparison by Component 
• Exhibit 27: Chart on Comparison by Component
• Exhibit 28: Data Table on Comparison by Component

• 5.3 Software - Market size and forecast 2021-2026
• Exhibit 29: Chart on Software - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Software - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Software - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Software - Year-over-year growth 2021-2026 (%)

• 5.4 Services - Market size and forecast 2021-2026 
• Exhibit 33: Chart on Services - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Services - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Services - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Services - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Component 
• Exhibit 37: Market opportunity by Component ($ billion)

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)

• 6.2 Comparison by End-user 
• Exhibit 40: Chart on Comparison by End-user
• Exhibit 41: Data Table on Comparison by End-user

• 6.3 Manufacturing - Market size and forecast 2021-2026
• Exhibit 42: Chart on Manufacturing - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on Manufacturing - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on Manufacturing - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Manufacturing - Year-over-year growth 2021-2026 (%)

• 6.4 Automotive - Market size and forecast 2021-2026
• Exhibit 46: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Automotive - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

• 6.5 Energy and utilities - Market size and forecast 2021-2026
• Exhibit 50: Chart on Energy and utilities - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Energy and utilities - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Energy and utilities - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Energy and utilities - Year-over-year growth 2021-2026 (%)

• 6.6 Others - Market size and forecast 2021-2026
• Exhibit 54: Chart on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 58: Market opportunity by End-user ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 60: Chart on Market share by geography 2021-2026 (%)
• Exhibit 61: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 62: Chart on Geographic comparison
• Exhibit 63: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 APAC - Market size and forecast 2021-2026 
• Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Germany - Market size and forecast 2021-2026
• Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.11 UK - Market size and forecast 2021-2026
• Exhibit 96: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 97: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 98: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.12 Japan - Market size and forecast 2021-2026
• Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 104: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 11.3 Cisco Systems Inc. 
• Exhibit 111: Cisco Systems Inc. - Overview
• Exhibit 112: Cisco Systems Inc. - Business segments
• Exhibit 113: Cisco Systems Inc. - Key news
• Exhibit 114: Cisco Systems Inc. - Key offerings
• Exhibit 115: Cisco Systems Inc. - Segment focus

• 11.4 Deutsche Telekom AG 
• Exhibit 116: Deutsche Telekom AG - Overview
• Exhibit 117: Deutsche Telekom AG - Business segments
• Exhibit 118: Deutsche Telekom AG - Key offerings
• Exhibit 119: Deutsche Telekom AG - Segment focus

• 11.5 Huawei Technologies Co. Ltd. 
• Exhibit 120: Huawei Technologies Co. Ltd. - Overview
• Exhibit 121: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 122: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 123: Huawei Technologies Co. Ltd. - Segment focus

• 11.6 Intel Corp. 
• Exhibit 124: Intel Corp. - Overview
• Exhibit 125: Intel Corp. - Business segments
• Exhibit 126: Intel Corp. - Key news
• Exhibit 127: Intel Corp. - Key offerings
• Exhibit 128: Intel Corp. - Segment focus

• 11.7 Nokia Corp. 
• Exhibit 129: Nokia Corp. - Overview
• Exhibit 130: Nokia Corp. - Business segments
• Exhibit 131: Nokia Corp. - Key offerings
• Exhibit 132: Nokia Corp. - Segment focus

• 11.8 Qualcomm Inc. 
• Exhibit 133: Qualcomm Inc. - Overview
• Exhibit 134: Qualcomm Inc. - Business segments
• Exhibit 135: Qualcomm Inc. - Key news
• Exhibit 136: Qualcomm Inc. - Key offerings
• Exhibit 137: Qualcomm Inc. - Segment focus

• 11.9 T Mobile US Inc. 
• Exhibit 138: T Mobile US Inc. - Overview
• Exhibit 139: T Mobile US Inc. - Product / Service
• Exhibit 140: T Mobile US Inc. - Key offerings

• 11.10 Telefonaktiebolaget LM Ericsson 
• Exhibit 141: Telefonaktiebolaget LM Ericsson - Overview
• Exhibit 142: Telefonaktiebolaget LM Ericsson - Business segments
• Exhibit 143: Telefonaktiebolaget LM Ericsson - Key news
• Exhibit 144: Telefonaktiebolaget LM Ericsson - Key offerings
• Exhibit 145: Telefonaktiebolaget LM Ericsson - Segment focus

• 11.11 Telstra Corp. Ltd. 
• Exhibit 146: Telstra Corp. Ltd. - Overview
• Exhibit 147: Telstra Corp. Ltd. - Business segments
• Exhibit 148: Telstra Corp. Ltd. - Key offerings
• Exhibit 149: Telstra Corp. Ltd. - Segment focus

• 11.12 TIM S.p.A. 
• Exhibit 150: TIM S.p.A. - Overview
• Exhibit 151: TIM S.p.A. - Business segments
• Exhibit 152: TIM S.p.A. - Key offerings
• Exhibit 153: TIM S.p.A. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 154: Inclusions checklist
• Exhibit 155: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 156: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 157: Research methodology
• Exhibit 158: Validation techniques employed for market sizing
• Exhibit 159: Information sources

• 12.5 List of abbreviations 
• Exhibit 160: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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