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Key Companies Covered in the Europe 5G Market Research are Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and other key market players .
The global Europe 5G Market size is projected to reach $42.70 billion by 2031 from $359.3 million in 2022, at a CAGR of 67.1% during the forecast period . A report on Europe 5G Market was recently added by Kenneth Research into its database, which is aimed at providing the clients with the business growth and investment opportunities present in the market all around the world. The report covers various parameters on the basis of which the market is evaluated, including the market size, market volume and the growth rate observed by the market over the forecast period, i.e., 2022-2031.
increased digital traffic and rise in demand for seamless connectivity are expected to be resolved due to the adoption of 5G technology
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In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country's goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Europe 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 Europe 5G market is anticipated to expand at an overall compound annual growth rate (CAGR) of 141% and will be worth of 47.63 Bn by 2025.
A recent study conducted with support from the European Commission estimated that the total number of IOT connections across the EU could reach 6 Bn by 2020, and will generate a total revenue of €1.2 Tn (including software, hardware, and services).
The Europe 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 the Europe, SIM cellular connections hold 94% of the market share, whereas SIM M2M cellular connections are anticipated to exhibit a growth rate that is close to 200%. For SIM cellular connections, 5G data usage per month per user is expected to be around 27.4GB by 2021 and we assumed that there would be stagnant usage. On the other hand, for SIM M2M cellular connections it is expected to be around 2.8GB by 2019 and is expected to grow at an increasing rate.
Based on region, the Europe 5G market is classified into EU 5G market and the rest of the Europe 5G market. The Europe region is expected to hold a significant market share because countries like the United Kingdom, and Italy are making efforts to test 5G networks in 2018 and launch 5G smartphones by next year.
Key growth factors:
o The major growth factors of the Europe 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks
o Rapid Population Penetration: by 2020, there will be more than 450 million mobile subscribers in the Europe which will be 84% of total population
Threats and key players:
o A major challenge for European developers and internet companies is the lack of economies of scale in national markets in comparison to the U.S. or the emerging markets of Asia such as China and India
o The key players in this market are Deutsche Telekom, Telefonica, Vodafone, Orange, and BT
What's covered in the report?
1. Overview of the Europe 5G market
2. The forecasted market size data of the Europe 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 for application: Internet of Things, Robotics & Automation, Virtual Reality, and others
5. Market trends in the Europe 5G market
6. Market drivers and challenges in the Europe 5G market
7. Current and forecasted market size data for the 5G market, based on countries – EU5 and the rest of EU5
8. Analysis of company profiles of the major players operating in the market
Why buy?
1. Get a broad understanding of the Europe 5G market and its segments based on countries and applications
2. Get region-specific drivers and challenges affecting the Europe 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 Europe 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 Playes
- 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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