Published Date : Jun 19, 2018
Albany, New York, May 19, 2018: A recent report, titled, “The 2G, 3G, 4G & 5G Wireless Network Infrastructure Market: 2017 - 2030 - with an Evaluation of Wi-Fi and WiMAX,” added by MarketResearchReports.biz to their vast repository vastly covers this market in high detail. The report explains every factor associated with the market in great depth.
Rampantly rising smartphone usage is primarily responsible for driving the global 2G, 3G, 4G & 5G wireless network infrastructure market. Extensive investments made by well-established companies to enhance Internet speeds is also making the market pick up pace at a fast rate. Moreover, several companies are keen to launch 5G services as soon as possible, which is making them develop wireless technologies at breath-neck speeds. This is certainly causing the market to grow extensively. In addition to these factors, rising disposable income, rapid industrialization and urbanization, proliferation of IoT devices, and high demand for fast Internet speed among consumers too has proved to be beneficial for the 2G, 3G, 4G & 5G wireless network infrastructure market’s growth.
However, shortage of adequate skilled manpower needed to manufacture devices that provide wireless network services in remote and underdeveloped regions has substantially hindered the global 2G, 3G, 4G & 5G wireless network infrastructure market’s growth. Moreover, setting up large manufacturing plants to produce the devices could prove to be costly for small organizations and new entrants to establish themselves in the market. Nevertheless, extensive innovations are expected to be introduced by leading players to develop cost effective wireless network devices that work on fast Internet speeds. This is expected to offset the restraints affecting the global 2G, 3G, 4G & 5G wireless network infrastructure market up to a certain extent.
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This market depicts the existence of a highly fragmented vendor landscape that is characterized by intense competition owing to the presence of innumerable players. The competitive landscape is gradually expanding and is anticipated to proliferate to the remotest regions during the next few years in the global 2G, 3G, 4G & 5G wireless network infrastructure market.
Participating in mergers & acquisitions, expansion of product portfolios, and achieving product differentiation are key schemes implemented by most businesses in the global 2G, 3G, 4G & 5G wireless network infrastructure market. Bringing about extensive innovations in mobile radio production techniques, and striving towards making quality wireless network-based devices also are other strategies implemented by most businesses working in the global 2G, 3G, 4G & 5G wireless network infrastructure market. Qualcomm, Broadcom, Google, Dell Technologies, and Ericsson are key players operating in the global 2G, 3G, 4G & 5G wireless network infrastructure market, among many others.
Geography-wise, the market is mainly spread across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these, rapid growth in urbanization and a surge in use of mobile devices for communication in North America has made this region hold a dominant position in the global 2G, 3G, 4G & 5G wireless network infrastructure market. However, the focus is soon shifting to the Asia Pacific region, owing to increasing sales of mobile devices that are available for low costs.
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