5G Technology Market and Its Impact on Communication and IoT Market

With the presence of a large number of small and big domestic and global players which are competing in the market, the 5G technology market would be highly competitive. Though the 5G technology is not yet deployed, the companies such as Cisco (U.S.) and Ericsson (Sweden) would dominated the market since the same can be seen with the deployment of the LTE technology.

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Cisco focuses on the development of SDN- and network function virtualization (NFV)-based cloud infrastructure that would empower mobile network operators (MNOs) and service providers to bring new services to the market faster than ever before; these developments would enhance the visualization of the entire network performance and improve the overall quality of experience (QoE) of their subscribers. Various issues of today’s MNOs that Cisco addresses include integration of distributed applications (Big Data and Hadoop), data base applications (for example, Oracle and SAP), virtualized applications that run on multi-hypervisor environments, and cloud-based applications. Moreover, the growing applications of IoT in various sectors would boost the adoption rate of interconnected devices. The company believes that to cater this high amount of network traffic, higher automation of management operations would be required where cloud and virtualization would play a crucial role. Cisco ACI and Ultra Services Platform enable the service providers to address these issues and help them to be prepared for 5G. Some of the telecom service providers that are leveraging on Cisco’s products and solutions include Integra, NTT DOCOMO, Hutchinson Networks, Tele2, and Manx Telecom. The telecommunication service providers have reported increased staff productivity, increased revenue, higher automation of security policies, and scalability of services. Cisco collaborated with Ericsson and Intel to develop 5G routers which would provide significantly faster speeds, lower latency, and ability to support a large number of devices for connectivity. These solutions would comprise Cisco’s enterprise networking capabilities, Ericsson’s advanced 5G mobile networking technology, and Intel’s next-generation 5G silicon devices. Cisco, Ericsson, and Intel are also the active members of Verizon 5G Technology Forum—a forum of technology leaders and 5G pioneers to accelerate innovations in the field of 5G. In addition, Cisco Systems emphasizes on new product launches as its key competitive strategy, thereby investing considerably on R&D.

Ericsson is a world leader in providing each generation of communication technologies. With over 39,000 granted patents worldwide, the company possesses one of the industry’s strongest intellectual property rights portfolios. Ericsson’s successful 5G trials include demonstration of network slicing and distributed cloud technology (in partnership with Vodafone); software-defined telecommunications infrastructure (SDTI) (in partnership with SK Telecom); 7 Gbps peak rates for vehicular connectivity; tactile robotic surgery (in partnership with Kings College London); launching of plugins to equip today’s networks for 5G; more than 10 Gbps peak rate using its 5G radio prototypes; 25 Gbps downlink using multi-user, multiple input, multiple output (MU-MIMO), and massive MIMO technologies. Several telecommunication companies that have partnered with Ericsson to develop 5G technologies include Telstra (Australia), KT (South Korea), Turkcell (Turkey), SoftBank (Japan), SK Telecom (South Korea), LG Uplus (South Korea), NTT DOCOMO (Japan), KDDI (Japan), MTS (Russia), China Mobile (China), TeliaSonera (Sweden), Telefónica (Spain), Vodafone Group (U.K.), Singtel (Singapore), Verizon (U.S.), T-Mobile (U.S.), China Unicom (China), and Deutsche Telekom (Germany).

Other key players in the 5G technology market include SK Telecom (South Korea), Korea Telecom (South Korea), Nokia Networks (Finland), Samsung (South Korea), Qualcomm (U.S.), Intel (U.S.), NEC Corporation (Japan), Huawei (China), Verizon (U.S.), AT&T (U.S.), T-Mobile USA, Inc., LG (South Korea), and China Mobile (China).

This report provides a detailed insight into the overall 5G technology market and its impact on communications and IoT market, with detailed segmentations based on application and geography combined with the qualitative analysis of the 2G, 3G, and LTE. The 5G technology market has been forecast till 2022.