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Adoption Of 5G Networks For Smart Cities to Boost Growth: Technavio Research

The 5G equipment market is poised to grow by $ 24.26 bn during 2021-2025, progressing at a CAGR of 67% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate.

The surging adoption of 5G networks for smart cities, growing adoption of smartphones and demand for better connectivity, and increasing government initiatives for high-speed network connectivity will offer immense growth opportunities. However, energy efficiency challenges in 5G small cell networks, the threat of cybersecurity breach, and the high deployment cost of 5G technology will challenge the growth of the market participants.

This study identifies government initiatives for high-speed network connectivity as one of the prime reasons driving the 5G equipment market growth during the next few years.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cisco Systems Inc., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., NEC Corp., Nokia Corp., Qorvo Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp. are some of the major market participants

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