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5G New Radio Market Dialogue for Understanding the Role of Focus Groups in Qualitative Research | Huawei Technologies Co., Ltd., Qualcomm Technologies

5G New Radio Market Dialogue for Understanding the Role of Focus Groups in Qualitative Research | Huawei Technologies Co., Ltd., Qualcomm Technologies

Report Ocean is a comprehensive analysis of the “5G New Radio Market”  that includes both qualitative and quantitative data. The report covers various regions and provides insights into major industry changes, challenges faced by businesses and competitors, and potential new opportunities in the market. It also includes a SWOT analysis, Porter’s Five Forces model, and a value chain review to help readers understand the industry’s position in the market and the stakeholder positions.

The Global 5G New Radio Market, valued at approximately USD 32.6 billion in 2022, is poised for substantial growth, anticipated to witness a robust growth rate of more than 29.1% over the forecast period from 2023 to 2030. 5G New Radio (NR) serves as a crucial standard for wireless communication, forming a key component of 5G networks. Engineered to facilitate faster data rates, lower latency, and support a massive number of connected devices, 5G NR operates across various frequency bands, including low-frequency bands (sub-1 GHz), mid-frequency bands (1-6 GHz), and high-frequency bands (above 6 GHz). The utilization of high-frequency bands, such as millimeter waves, allows for greater bandwidth and faster data rates.

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The 5G NR offers significantly faster data speeds and greater network capacity to meet these increasing data demands. With the proliferation of smartphones, Internet of Things (IoT) devices, and other connected devices, there has been an exponential increase in data consumption worldwide. People are using more data-intensive applications such as video streaming, online gaming, and virtual reality, which require faster and more reliable network connectivity. 5G NR technology is designed to meet these growing demands by providing ultra-fast download and upload speeds, reducing latency for real-time applications, and supporting a massive number of simultaneous connections.

According to IDC, the amount of data produced was estimated to reach 35 zettabytes by 2020, but it reached that level in 2018, and in 2020, approximately 59 zettabytes of data were created. IDC predicts that by 2025, newly created data will reach 175 zettabytes, representing a 146-fold increase between 2010 and 2025. This exponential growth in data creation has led to the data processing and storage market’s valuation estimated to grow from USD 56 billion in 2020 to USD 90 billion by 2025.

Thus, increasing data traffic and data consumption is fueling the growth of the market. In addition to global connectivity & cross-industry collaboration and government initiatives of deployment & adoption of 5G new radio create lucrative opportunities for the market. However, the high cost of 5G infrastructure and regulatory and environmental concerns hinders market growth throughout the forecast period of 2023-2030.

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Market Dynamics:

  • The amount of data produced was estimated to reach 35 zettabytes by 2020, but it reached that level in 2018.
  • In 2020, approximately 59 zettabytes of data were created.
  • By 2025, newly created data is predicted to reach 175 zettabytes.

Key Regions:

Asia Pacific dominated the market in 2022 due to the presence of prominent manufacturers such as Huawei Technologies Co., Ltd. Asia Pacific is expected to be the fastest-growing region during the forecasted period due to a strong focus on technological advancements and industrial automation.

Major Market Players:

Key market players include Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Telefonaktiebolaget LM Ericsson, Samsung Electronics Co., Ltd., Intel Corporation, Cisco Systems Inc., Fujitsu Limited, NEC Corporation, Verizon Communications Inc., and Keysight Technologies.

Recent Developments:

  1. November 2023: Ericsson introduced the Ericsson Reduced Capability (RedCap) Radio Access Network (RNA) solution, aimed at unlocking new 5G use cases for devices like smartwatches, wearables, and industrial sensors.

Objective of the Study:

The study aims to define market sizes of different segments & countries in recent years and forecast values to the coming years. The report incorporates both qualitative and quantitative aspects, analyzing driving factors, challenges, potential opportunities, competitive landscape, and product offerings of key players.

Detailed Segments and Sub-segments:

By Offering:

  • Hardware
  • Software
  • Service

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By Operating Frequency:

  • Sub-6 GHz
  • mmWave

By Architecture:

  • Non-Standalone (NSA)
  • Standalone (SA)

By Application:

  • Enhanced Mobile Broadband (eMBB)
  • Ultra-reliable Low-Latency Communications (URLLC)
  • Massive Machine-type Communications (mMTC).

By Industry:

  • Telecom & IT
  • Manufacturing
  • Automotive
  • Healthcare
  • Retail
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Report Scope:

  • Historical Data: 2020 – 2021
  • Base Year for Estimation: 2022
  • Forecast Period: 2023-2030
  • Report Coverage: Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
  • Segments Covered: Offering, Operating Frequency, Architecture, Application, Industry, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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Advantages of Opting for Our Market Research Report:

Strategic Decision-Making:

Our market research reports provide invaluable insights for strategic decision-making. By analyzing industry trends, market dynamics, and emerging opportunities, businesses can make informed choices that align with their long-term goals and objectives.

Market Understanding:

A comprehensive understanding of the market is crucial for success. Our reports delve deeply into market size, segmentation, and growth drivers, ensuring businesses have a nuanced comprehension of the landscape they operate in, aiding in effective planning and execution.

Competitive Intelligence:

Staying ahead of the competition is paramount. Our reports offer detailed competitive intelligence, highlighting key players, their market share, strategies, and strengths. This enables businesses to identify opportunities for differentiation and develop robust strategies for sustainable growth.

Customer Insights:

Understanding customer behavior is fundamental to success. Our research provides in-depth customer insights, including preferences, buying patterns, and needs. This information is instrumental in tailoring products and services to meet customer expectations and enhance overall satisfaction.

Risk Mitigation:

Every business venture involves risks, and our reports are designed to identify and assess potential risks within the industry. This proactive approach empowers businesses to develop risk mitigation strategies, ensuring resilience in the face of challenges and uncertainties.

Investment and Funding Decisions:

For investors and stakeholders, our reports offer a reliable foundation for investment decisions. Through thorough analysis of market trends and growth projections, we provide essential information to support sound investment and funding choices, maximizing returns on investment.

Validation and Credibility:

Our market research reports undergo rigorous analysis and validation processes, ensuring the credibility of the information presented. Businesses can rely on our reports as trustworthy sources, fostering confidence in decision-making processes and strategic planning.

Long-term Business Planning:

Successful businesses thrive on effective long-term planning. Our reports provide a forward-looking perspective, forecasting industry trends and potential challenges. This foresight is indispensable for crafting robust business plans that stand the test of time and dynamic market conditions.

Key Questions Answered by the Report:

  • What are the driving factors for market growth?
  • What challenges and limitations does the market face?
  • What emerging opportunities exist in the market?
  • What potential threats and risks could impact the market?
  • What is the current market size and growth rate?
  • What are the market segments and their sizes?
  • Which regions are projected to experience the highest growth and market share?
  • What variables affect different geographical areas?
  • Who are the major players in the market and their rankings?
  • What recent partnerships, launches, expansions, or acquisitions have occurred among the companies profiled?
  • What are the comprehensive profiles of the top market players, including business overview, insights, product benchmarking, and SWOT analysis?
  • What is the present market outlook, considering recent changes and growth possibilities?
  • What are the drivers, obstacles, and restrictions in both developing and emerging regions?
  • How does the market analysis utilize Porter’s five forces analysis?
  • How does the Value Chain provide insights into market dynamics?

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About Report Ocean:

Report Ocean stands as a preeminent provider of market research reports within the industry. Renowned globally, we are acclaimed for delivering insightful and informative research reports. Our commitment lies in furnishing clients with a comprehensive blend of both quantitative and qualitative research outcomes. As an integral component of our expansive global network and thorough industry coverage, we offer an in-depth reservoir of knowledge that empowers strategic and well-informed business decisions. Our approach integrates cutting-edge technology, advanced analysis tools, and our proprietary research models, all underpinned by years of expertise. This synergy allows us to craft essential details and facts that consistently surpass expectations.

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