Gartner forecasts 5G Network Revenue to reach $4.2 Billion in 2020

Gartner forecasts 5G network revenue to reach $4.2 Bn in 2020

The Worldwide wireless 5G Network infrastructure revenue will touch $4.2 billion by the end of 2020, according to the lastest Garner report.

This is an increase of 89% jump from the previous financial year of 2019, with reported revenue of around $2.2 billion.

Gartner is a world-leading technology research and advisory company. Gartner suite of services delivers the strategic advice and proven best practices to help clients succeed in their mission-critical priorities.

The infusion in the 5G infrastructures, specifically in the 5G New Radio Networks, is expected to double from 6% of the total investment in the year 2019 to around 12% in the year 2020.

5G NR (New Radio) has a major advantage over the 5G LTE as NR offers eight times more downlink than the LTE. Downlink is the speed at which smartphone can receive signals from the satellites.

Executive Opinion

Senior Research Director, Sylvain Fabre, Gartner, said, "5G wireless network infrastructure revenue will nearly double between 2019 and 2020. For 5G deployments in 2019, CSPs are using non-stand-alone technology. This enables them to introduce 5G services that run more quickly, as 5G New Radio (NR) equipment can be rolled out alongside existing 4G core network infrastructure. National 5G coverage will not occur as quickly as with past generations of wireless infrastructure."

More about the Gartner report on 5G infrastructure

Gartner revealed that the communications service providers would roll out more standalone 5G technology in the year 2020. This would increase the demand for 5G NR equipment as well as the 5G core network. This would help to lower costs for the service providers and improve user’s performance, the announcement notes.

Gartner forecasts 5G network revenue to reach $4.2 Bn in 2020

By 2020, 5G network services are expected to be launched in some of the major cities across the globe. South Korea, the US, the UK, Finland, and Switzerland, have already started 5G services.

Apart from that, CSP’s in Germany, Canada, France, Sweden, Spain, and Hong Kong, UAE, Qatar have revealed plans to make 5G network building forward, the announcement says.

In a recent development, Nokia has won a 5G network deal with Vodafone New Zealand. The first commercial 5G network will be offered in New Zealand by the Vodafone New Zealand. In June 2019, Ericsson teamed up with Telefonica Germany to enable 5G car production using a private 5G network for Mercedes-Benz.

Amdocs has recently acquired the TTS Wireless for $50 million in cash to bring combination of TTS Wireless field-proven 5G network planning services to the Amdocs Open 5G portfolio. Earlier this year, Infosys launched new 5G offerings to help clients ideate and bring new economies to life with 5G technology.

Most of the CSP’s are also expected to target their 5G solution towards the organization; currently, a large chunk of the 5G market is driven by the customers.

5G networks are expected to be used in the industries such as the remote healthcare, retail, healthcare, autonomous transportation, smart factory sectors and further drive different segments of IoT industries, the announcement notes.

P.C: Pablo, Unsplash

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)