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The report titled Latin America 5G Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031 . The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Latin America 5G Market Products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Latin America 5G Market
The fifth generation of mobile technology (5G technology) is expected to cater to the demand and provide the business frameworks needed by and beyond 2020. In addition to driving a connected society, 5G wireless technology will bring about socio-economic transformations through productivity, sustainability and well-being. Mobile 5G seems to be the next big thing in the global digital connectivity ecosystem. The Latin America 5G market is anticipated to expand at an overall compound annual growth rate (CAGR) of 121% and will be worth of 6.37 Bn by 2025.
Mobile communication in Latin America is showing rapid expansion because of the growing use of smartphones, extensive use of data-intensive applications over the internet, such as video and social media, that are expected to expand the domination of mobile broadband.
The Latin America 5G market is classified into SIM cellular connections and SIM M2M cellular connections. This is further divided into data per user, and 5G data traffic for each category. In Latin America, SIM cellular connections make up almost 99% of the market, whereas SIM M2M cellular connections are anticipated to show a growth rate of 185% during the forecasted period. For SIM cellular connections, 5G data usage per month per user is expected to be around 16GB from the time period 2020 to 2022 hence forth we have presumed fixed usage. On the other hand, for SIM M2M cellular connections, 5G data usage per month per user will be close to 1.9GB by 2019 and is expected to expand at an increasing rate.
Based on region, the Latin America 5G market is classified into Brazil, Mexico, and Colombia. Brazil is one of the largest markets in this region since they have been quite proactive in their exploration of the potential of 5G and the government has partnered with Ericsson, a Swedish telecommunication technology to work on 5G and IoT (Internet of Things)
Key growth factors:
o The major growth factors of the Latin America 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks
o By 2020, the smartphone adoption rate will be 71%, and 79% of mobile connections will be mobile broadband
Threats and key players:
o The current investments in 4G networks will restrain the large scale build out of 5G in Latin America
o Latin America has slow regulatory agencies to meet the spectrum allocation required to support the growing demand of connective devices
o The key players in this market are America Movil, Oi SA, Telefonica Brasil, and Tim Participacoes
What's covered in the report?
1. Overview of the Latin America 5G market
2. The forecasted market size data of the Latin America 5G market
3. The forecasted market size for the segments of SIM cellular connections and SIM 2M cellular connections, and each segment's data usage (GB/month) and data traffic (EB/year)
4. The forecasted market size of the 5G market based on applications: Internet of Things, Robotics & Automation, Virtual Reality, and Other
5. Market trends in the Latin America 5G market
6. Market drivers and challenges in the Latin America 5G market
7. Current and forecasted market size data for the 5G market, based on countries – Brazil, Mexico, and Colombia
8. Analysis of company profiles of the major players operating in the market
Why buy?
1. Get a broad understanding of the Latin America 5G market and its segments based on countries and applications
2. Get region-specific drivers and challenges affecting the Latin America 5G market
3. Recognize significant competitors' business and market dynamics, and respond accordingly
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Latin America 5G Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter's Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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About Kenneth Research:
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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Eli
Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.
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