Global 5G Device Sales Accelerated due to Introduction of Smart Grid Systems across Countries

Published On : 27 Dec 2016

The recent times have witnessed a tremendous growth of technologies such as network functions virtualization (NFV) and software defined networking (SDN). The growth in the aforementioned complementary technologies is boding well for the 5G devices market. The 5G devices sales is expected to witness a tremendous increase in 2016 and also the years to come, states a report added by QYResearchReports.com. The report is titled ‘Global 5G Device Sales Market Report 2016,’ is now available for sale on the website of QYResearchReports.com. 

This market report is a thorough analysis of the global 5G device industry in its current scenario and presents a figurative forecast of the future status based on several factors that are anticipated to influence the market. The 5G device sales market study presents an analysis of the global markets, comprising future opportunities, and development trends. The next section gives a detailed analysis of key regions development status. Lastly, the competitive landscape analysis is discussed.

A trend observed among players in the global 5G device market is the partnering of vendors with network equipment providers. Players in the market are being pressurized to come up with advancements in technology and innovations so as to fulfil the frequently changing requirements of customers. The competition in the market is expected to increase in the coming years as commercial deployments increase. Mergers and acquisitions are likely to take place among players in order to enhance their product portfolio and for geographical expansion. 

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The growing number of data capable devices and high bandwidth applications are prime reasons driving consumers to use LTE technology and in turn boosting the sales of 5G devices. The number of mobile connections using LTE is growing at a high pace, driving the demand for 5G devices. The growing use of smart grid systems is creating a conducive environment for driving the sales of 5G devices.

The introduction of smart grid systems in countries such as India, China, Spain, France, Germany, and the U.S. has resulted in a surge in the sales of 5G devices. These countries are making use of smart grid applications such as smart energy meters and supervisory control and data acquisition (SCADA) systems, so as to manage complex smart devices and also reduce power outage. This in turn will create a need for sophisticated control systems to manage these devices, which make use of 5G fast and secure communication network. As such, the sales of 5G devices is expected to accelerate. 

Some of the players in the global 5G device market are: Ericsson, AT&T, Huawei Technologies, China Mobile, Nokia, KT, Qualcomm, Samsung, NTT DOCOMO, ZTE, Orange Business Services, SK Telecom, Sprint, TeliaSonera, Telenor, Verizon, Vodafone, and Singtel. 
 

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