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The 5G equipment market research report 2016 is available at RnRMarketResearch.com. 5G mobile wireless technology is the key component of a connected society. The aim of 5G is to provide ubiquitous connectivity to all connected devices and connected applications. 5G enables real-time and reliable communication for mission-critical applications. 5G wireless technology evolution requires several relevant components such as backhaul integration, device-to-device communication, multi-antenna transmission, and flexible usage spectrum to perform operations at higher frequencies.Complete report on 5G equipment market spread across 76 pages, analyzing 6 major companies and providing 36 data exhibits is now available at http://www.rnrmarketresearch.com/global-5g-equipment-market-2016-2020-market-report.html .
The analysts forecast global 5G equipment market to grow at a CAGR of 32.06% during the period 2016-2020. Commenting on the report, an analyst said: "that the rapid deployment of smart grids is one of the trends spurring growth for the market. Smart grids are being increasingly deployed in countries like India, the US, China, France, Spain, and Germany. Smart grids include grid applications such as supervisory control and data acquisition (SCADA) systems, smart energy meters IT, and other communication networks. These devices enable utilities complete control in managing digital assets present in the field. The shift to smart grid means that utilities will have to manage the complex smart devices and reduce the risk of grid failure and outages.
According to the 5G equipment market report, growth of complementary technologies such as SDN and NFV is a key driver aiding to the growth of this market. By 2020, approximately 2.2 billion mobile connections will be using LTE technology out of the total 8.5 billion mobile connections. This growth in mobile data traffic is driven by an increase in the number of data capable devices and high bandwidth applications. SDN enables new revenue streams to telecom operators by re-examining network architectures, introducing virtualization, and providing intelligence solutions. SDN and NFV provide more flexibility and seamless integration with infrastructure layers. NFV leverages advancements in server virtualization and enterprise IT virtualization whereas, SDN allows logical centralization of control functions. Moreover, SDN and NFV enable telecom carriers to reduce their dependency on hardware-based network equipment by focusing on software and server-based infrastructure, fostering the market for 5G equipment.
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Key players in the global 5G equipment market: Ericsson, Huawei Technologies, Nokia, Qualcomm, Samsung, and ZTE. Other Prominent Vendors in the market are: AT&T, China Mobile, KT, NTT DOCOMO, Orange Business Services, Singtel, SK Telecom, Sprint, Telenor, TeliaSonera, Verizon, and Vodafone.
This report, Global 5G Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that growing security concerns is a major challenge the market is facing. Encryption, authentication, and validation are key techniques that are required to solve security issues. Cloud RAN has to be closely monitored for effective disaster management. Also, the cloud network that is connected to M2M and IoT devices is to be securely monitored to avoid theft of confidential national information. This monitoring involves high OPEX. User equipment, access networks, and mobile core and external IP networks are potential targets in 5G networks that have to be designed effectively to eliminate security threats.
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