Asia-Pacific 5G Market
The fifth generation of mobile technology (5G technology) is expected tcater tthe demand and provide the business frameworks needed by and beyond 2020. In addition tdriving a connected society, 5G wireless technology will bring about socio-economic transformations through productivity, sustainability and well-being. Mobile 5G seems tbe the next big thing in the global digital connectivity ecosystem. The Asia-Pacific 5G market is anticipated texpand at an overall compound annual growth rate (CAGR) of 166% and will be worth of USD 64.22 Bn by 2025.
A recent study stated that the Asia-Pacific market would lead the commercial deployment of 5G services. About 28% of mobile operator is expected toffer 5G by 2020, and 71% of MNOs are already engaged in 5G planning and are expected toffer 5G services before 2024. Low TCis the one of the key drivers propelling the 5G market.
The Asia-Pacific 5G market is classified intSIM cellular connections and SIM M2M cellular connections. This is further divided intdata per user, and 5G data traffic for each category. In the Asia-pacific SIM cellular connections hold more than 90% of the market share, whereas SIM M2M cellular connections are anticipated tshow a grow rate that is close t200%. SIM cellular connections, is expected tincrease t29GB from 2019 t2021 and from 2022 a peak in traffic is expected and hence forth we have assumed constant usage. On the other hand, for SIM M2M cellular connections, 5G data usage per month per user will be around 3.3GB in 2019 and is expected tgrow at an increasing rate.
Based on region, the Asia-Pacific 5G market is classified intChina, Japan, India, South Korea, and the rest of APAC. China is expected thold a significant market share and it is expected thave more than 400 Mn connections by 2025. This may be because of large economies of scale that will reduce the prices of 5G device.
Key growth factors:
The major growth factors of the Asia-Pacific 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks
Rapid Population Penetration: Considering the growing global smartphone and mobile internet adoption, mobile internet penetration in the Asia-Pacific region has doubled over the last five years, reaching just half of the population by the end of 2016. This means that the future scope is immense considering the present scenario
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Threats and key players:
The region faces growth challenges, such as regulatory pressure, and launch of new operators
The key players in this market are NTT Communications, SK Telecom, Tata Communications, China Mobile, and CSL
What’s covered in the report?
Overview of the Asia-Pacific 5G market
The forecasted market size data of the Asia-Pacific 5G market
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)
The forecasted market size of the 5G market based on applications: Internet of Things, Robotics & Automation, Virtual Reality, and Other
Market trends in the Asia-Pacific 5G market
Market drivers and challenges in the Asia-Pacific 5G market
Current and forecasted market size data based on countries – China, Japan, India, South Korea, and the rest of the APAC region
Analysis of company profiles of the major players operating in the market
Get a broad understanding of the Asia-Pacific 5G market and its segments, based on countries and applications
Get region-specific drivers and challenges affecting the Asia-Pacific 5G market
Recognize significant competitors’ business and market dynamics, and respond accordingly
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