Global 5G Equipment Market - Analysis, Technologies & Forecasts to 2020 - Increasing Demand for Network Capacity to Access Connected Services - Research and Markets

DUBLIN, October 25, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global 5G Equipment Market 2016-2020" report to their offering.

The report forecasts the global 5G equipment market to grow at a CAGR of 32.06% during the period 2016-2020.

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. This will drive the need for sophisticated control systems to manage the assets in the field. Moreover, smart grid systems can control demand for and supply of power generated by a wide range of distributed and interconnected power producers with the support of 5G secure and fast communication network, which will contribute to this market's growth over the coming years.

According to the 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.

Further, the report states that growing security concerns is a major challenge the market is facing.

Key vendors:

• Ericsson
• Huawei Technologies
• Nokia
• Qualcomm
• Samsung
• ZTE

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/qrf3g6/global_5g

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