5G has the potential to solve connectivity issues faced by industries, Says RationalStat

WILMINGTON, Del. - Jan. 10, 2023 - PRLog -- The report "Global Industrial 5G Market Analysis and Future, 2019-2028" analyzes the market by components, organization size and communication type. It also includes information about end users and regions. The report includes a market analysis and trend analysis, historical and future market data.

Market Overview & Dynamics

Global demand for Industrial 5G is expected to rise due to the rapid increase in the demand for high-speed data and low latency in various industries, the surge in M2M connections between different industries. 5G could solve many connectivity problems faced by various industries, including manufacturing, transportation hubs, logistics and energy.

The key drivers for the global industrial market 5G are technology up gradation, efficiency for industries, safety and security, affordability, and the growing trend of smart cities, autonomous driving, technological advancement.

Segmental Analysis

• Based on segment, the hardware segment is anticipated to hold a prominent share of the global industrial 5G market. Due to the rapid increase in the use of sensors, antenna controllers, towers, small cells, and others, the hardware segment is generating significant revenue

Competition Analysis

The Global Industrial 5G Market is characterized by the presence of a large number of players that faces intense competition. Public and private companies are primarily focusing on increasing investment in R&D.

• In September 2022, Nokia launched Industrial 5G fieldrouter to extend private wireless capabilities and simplify connectivity in North America.

Some of the prominent players operating in the global industrial 5G market include Nokia Corporation, Qualcomm Technologies Inc., NEC Corporation, Ericsson, and others.

RationalStat has segmented the global industrial 5G market on the basis of components, organization size, communication type, end user, and region.

• By Component
  • Hardware
  • Software
  • Services
• By Organization Size
  • SMEs
  • Large Enterprises
• By Communication Type
  • Enhanced Mobile Broadband (eMBB)
  • Ultra-reliable Low-Latency Communication (URLLC)
  • Massive Machine-Type Communication (mMTC)
• By End User
  • Process Industries
  • Discrete Industries
    • Automotive and Transportation
    • Industrial Machinery & Heavy Equipment's
    • High-Tech & Consumer Electronics
      • Consumer Electronic Devices
      • Semiconductor & IT Equipment
    • Others (Aerospace & Defense, etc.)
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
    • Western Europe
      • Germany
      • UK
      • France
      • Spain
    • Eastern Europe
      • Russia
      • Poland
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
    • Middle East & Africa
      • GCC
      • South Africa

For more information about this report: https://store.rationalstat.com/store/global-industrial-5g-market/

About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.  The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store (https://store.rationalstat.com/) annually.