Asia-Pacific 5G Market 2020, Impact of COVID-19 Outbreak, Global Key Players, Types, Applications, And Forecast To 2023

Asia

The MarketWatch News Department was not involved in the creation of this content.

Jun 05, 2020 (AmericaNewsHour) — The Asia-Pacific 5G Market report provides an in-depth analysis of the Asia-Pacific 5G Market during the forecast period 2018-2023 which consists of the industry overview including the market size, volume, growth rate and recent trends and developments in the market based on historical and current data. The report covers detailed information about the key players, market segments, growth drivers and restraints in the industry. The report delivers an insight into the Asia-Pacific 5G Market which allows our clients to make informed decisions regarding the growth of their businesses.

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.

Download Sample of This Strategic Report:-https://www.kennethresearch.com/sample-request-10009599

The Asia-Pacific 5G market is anticipated to expand 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 to offer 5G by 2020, and 71% of MNOs are already engaged in 5G planning and are expected to offer 5G services before 2024. Low TCO is the one of the key drivers propelling the 5G market. 

The Asia-Pacific 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 Asia-pacific SIM cellular connections hold more than 90% of the market share, whereas SIM M2M cellular connections are anticipated to show a grow rate that is close to 200%. SIM cellular connections, is expected to increase to 29GB from 2019 to 2021 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 to grow at an increasing rate. 

Based on region, the Asia-Pacific 5G market is classified into China, Japan, India, South Korea, and the rest of APAC. China is expected to hold a significant market share and it is expected to have 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:

o 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 
o 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

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?

1. Overview of the Asia-Pacific 5G market
2. The forecasted market size data of the Asia-Pacific 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 of the 5G market based on applications: Internet of Things, Robotics & Automation, Virtual Reality, and Other
5. Market trends in the Asia-Pacific 5G market
6. Market drivers and challenges in the Asia-Pacific 5G market 
7. Current and forecasted market size data based on countries – China, Japan, India, South Korea, and the rest of the APAC region
8. Analysis of company profiles of the major players operating in the market

Request For Full Report- https://www.kennethresearch.com/sample-request-10009599

Why buy?

1. Get a broad understanding of the Asia-Pacific 5G market and its segments, based on countries and applications
2. Get region-specific drivers and challenges affecting the Asia-Pacific 5G market 
3. Recognize significant competitors’ business and market dynamics, and respond accordingly

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

The post Asia-Pacific 5G Market 2020, Impact of COVID-19 Outbreak, Global Key Players, Types, Applications, And Forecast To 2023 appeared first on America News Hour.

COMTEX_366565343/2606/2020-06-05T11:50:30

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Leave a Reply