Global Next Generation Communication Technologies Market, By Technology (Wired, Wireless), By End Us

Published Date: | Report Code : IT1958690


Market Dynamics:

The high growth of the end-use industry in the emerging regions is expected to drive the demand for Global Next-Generation Communication Technologies Market during the forecast period. Some of the major end-use industries in the global next-generation communication technologies market have been witnessing strong growth in the emerging region such as the Asia Pacific and the Middle East.

Segment Analysis:

Communication technologies of the next generation can also be called advanced communication systems. Communication technology has advanced drastically over the years with ongoing technological advances in the internet and other communication systems that support it. Communication tools of the next generation help to minimize the communication gap and enhance communication reliability. Communication technologies of the next century are anticipated to serve a central part in the development of varying market segments in the upcoming period. It is anticipated that the global industry for next-generation communication systems will expand quickly during the forecast period. Technological advancements such as the Internet of Things (IoT), e-commerce and big data are factors that drive the development of the next-generation communication technology industry, resulting in a growing supply for innovative communication technology. The demand for mobile and wireless communication is quickly increasing, further boosting the development of the industry for communication technology in the next century. Rapidly evolving technology, increasing customer requirements, and frequent implementation of new products and services have fueled the emergence of the next-generation global market in communication technology. On the other side, elevated infrastructural and development costs are considerations that restrict the growth of the industry for next-generation computer technology.

Application-based worldwide demand for next-generation communication technology can be segmented into telecommunications, consumer electronics, medicine, safety & monitoring, aerospace, manufacturing and military applications. Consumer electronics applications dominate the current communication market. The aggressive acceptance of wireless systems and increased requests for quicker communication speed have inspired the growing use of consumer electronics in the next-generation market of communication technology.

Developed regions such as North America and Western Europe dominate the market for next-generation communication technology out of all these regions. It is primarily due to elevated technological development and infrastructural expenditure in communications systems in nations such as the United States, Canada, and the United Kingdom. And in Germany. And in Germany. However, the Asia Pacific region is anticipated to grow rapidly during the forecast period. Growing technological advances, increasing consumer spending and increasing investment in communication infrastructure are some of the reasons that stimulate the requirement for next-generation communication systems in the Asia Pacific region.

Key Factors Impacting Market Growth:

  • Increasing demand for higher data communication speeds

  • Increased use of internet across various industries across the industries

  • Increasing developments in internet aided communication devices

  • Ease of communication due to continuous technological advances such as the introduction of LTE and 5G

Key Developments:

  • In March 2019, Verizon Inc. (US), a telecommunications giant acquired Straight Path Communications, which holds a treasure trove of wireless licenses usable in future super-fast next-generation 5G mobile and fixed broadband services.

  • Bluetooth Special Interest Group launched a new Bluetooth device norm in December 2014, i.e. Bluetooth 4.2. This fresh norm offers characteristics of speed and privacy.

  • In November 2014, the ZigBee alliance released a new standard for ZigBee products. This standard provides features such as interoperability among the extensive range of smart devices and consumer access to various innovative products as well as services that will work together flawlessly.

Regional Analysis:

By region, the global next-generation communication technologies market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the global next-generation communication technologies market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America global next-generation communication technologies market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.

The Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: AT&T Inc., Verizon, Huawei Technologies Co., Ltd., Devicescape Software, Inc., and Green Packet Berhad...

Market Segmentation:

By Technology:

  • Wired

    • Twisted Pair

    • Optical Fiber Cable

  • Wireless

    •  5G

    • 4G LTE

    • Wi-Max

    • Wi-Fi

    • Zigbee

    • Li-Max

    • Bluetooth 4.0

By End User Industry:

  • Telecommunication

  • Consumer Electronics

  • Healthcare

  • Security & Surveillance

  • Automotive

  • Industrial

  • Military

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Technology

    • By End-User Industry

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Technology

    • By End-User Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Technology

    • By End-User Industry

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Technology

    • By End-User Industry

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Technology

    • By End-User Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Technology

    • By End-User Industry

Reasons To Buy This Report:

  • Market size estimation of the global next-generation communication technologies market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


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