Standardized 5G NR infrastructure a $21 Billion opportunity, says SNS Research report
DUBAI, UAE. 9th May 2017: SNS Research's latest report indicates that mobile operators will spend more than $21 Billion on standardized 5G NR (New Radio) infrastructure by the end of 2025.
Despite the lack of sufficient LTE coverage in parts of the world, mobile operators and vendors have already embarked on R&D initiatives to develop 5G, the next evolution in mobile networks. 5G is expected to provide a single network environment to deliver not only existing mobile broadband and IoT services, but also new innovations such as self-driving cars, cloud robotics, 3D holographic telepresence and remote surgery with haptic feedback.
Although 2020 has conventionally been regarded as the headline date for 5G commercialization, the very first standardized deployments of the technology are expected to be commercialized as early as 2019 with the 3GPP's initial 5G specifications set to be implementation-ready by March 2018. Between 2019 and 2025, we expect the standardized 5G NR infrastructure market to aggressively grow at a CAGR of approximately 70%, eventually accounting for over $21 Billion in annual spending by the end of 2025. The market will be complemented by additional investments of over $7 Billion on NextGen (Next Generation) core and transport (fronthaul/backhaul) networking infrastructure.
The “5G Wireless Ecosystem: 2017 – 2030 – Technologies, Applications, Verticals, Strategies & Forecasts” report presents an in-depth assessment of the emerging 5G ecosystem including key market drivers, challenges, enabling technologies, usage scenarios, vertical market applications, mobile operator deployment commitments, case studies, spectrum availability/allocation, standardization, research initiatives and vendor strategies. The report also presents forecasts for 5G investments and operator services.
The research publication will be of value to current and future potential investors into the 5G ecosystem, as well as enabling technology providers, mobile device OEMs, wireless network network infrastructure vendors, mobile operators, fixed-line service providers and vertical market specialists, who wish to broaden their knowledge of the ecosystem.
For further information concerning the SNS Research publication "The 5G Wireless Ecosystem: 2017 – 2030 – Technologies, Applications, Verticals, Strategies & Forecasts" please visit: http://www.snstelecom.com/5g
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About SNS Research
SNS Research is one of the most foremost market intelligence and consulting firms for the worldwide telecommunications industry, with a particular focus on wireless infrastructure and mobile devices. Developed by leading industry analysts our market intelligence and consultancy services provide unique insights to the global telecommunications industry with information ranging from niche details of mobile handset models to tracking to large network infrastructure contracts and cellular network operator metrics. Whether your focus is strategic decision making, service development, investment or marketing, our services will allow you to make optimal decisions with self-assurance.