In a recent published report, Kenneth Research has updated the Europe 5G Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis 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) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest 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 Europe 5G Market products.
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10084278
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.
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.
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10084278
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
Customizations Available
With the given market data, Kenneth Research offers customizations according to specific needs. Write to us at sales@kennethresearch.com.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
For More Reports:
Asia-Pacific Cybersecurity Market
Datasheet on Cybersecurity Market
Mobile Engagement and Promotional Services Market
FM Broadcasting Market
E-books Market
About Kenneth Research:
Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.
Contact Us
Name: Kenneth research
Email:sales@kennethresearch.com
Phone: +1 313 462 0609
