A three-pronged approach was followed for deducing the private 5G network market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for private 5G network market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of private 5G network market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The private 5G network market was categorized into five segments, namely component (Hardware, Software, Services), frequency (Sub-6 GHz, mmWave), spectrum (Licensed, Unlicensed/Shared), vertical (Manufacturing/Factories, Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities), and region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
The private 5G network market was segmented into component, frequency, spectrum, vertical, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The private 5G network market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into thirteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; Italy; Russia; China; Japan; India; South Korea; Australia; Brazil.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The private 5G network market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Altiostar - Altiostar is a provider of software solutions for virtualized RAN (Open vRAN) in the United States. Their approach involves separating hardware from software, enabling the creation of a web-scale cloud-based network that supports open interfaces and allows for multi-vendor integration. The company offers two main categories of offerings: products and solutions. Under the product category, they provide a software platform, baseband, and radio products. Altiostar offers Radio Access Network (RAN) and network intelligence solutions in the solution category. Their RAN solution encompasses Cloud Native Network, Hetnet, and Internet of Things (IoT), ensuring scalability, interoperability, dual connectivity, and adaptability between 4G and 5G connections. Altiostar has a global presence, with operations in countries such as the United Kingdom, the United States, India, Mexico, Japan, and Italy.
AT&T Inc. - AT&T Inc. is a global telecommunication, media, and technology services provider that operates in four main business segments: communications, Latin America, Warnermedia, and Xandr. In the communications segment, AT&T offers a range of services, including wireline and wireless telecom, video, broadband, and internet services, as well as IP-based and video streaming services. They also provide audio programming services to business and residential customers under various brands. Additionally, AT&T supplies wireless-enabled computers, mobile handsets, data cards, and accessories through their stores, franchised stores, and third-party retail stores. Under the Warnermedia segment, AT&T provides multi-platform content and services, including licensing television programming and feature films, over-the-top (OTT) services, and home entertainment products and gaming devices. The Latin America segment focuses on delivering mobile services to enterprise and residential consumers in Mexico and pay-TV services in the Caribbean and South America region. The Xandr segment specializes in advanced advertising solutions, leveraging customer insights from AT&T's mobile, TV, and broadband services. They create addressable, cross-screen advertising opportunities to deliver real-time campaign performance to publishers and advertisers. Furthermore, AT&T Inc. has a strong presence in the United States, covering approximately 190 markets and providing 5G services to consumers and businesses. As of April 2020, their 5G services reached over 120 million people in the U.S. AT&T Inc. was previously known as SBC Communications Inc. and underwent a name change to AT&T Inc. in November 2005.
Broadcom Inc. - Broadcom Inc. is a company that specializes in the design, development, and supply of a diverse range of semiconductors and infrastructure software solutions. It is the successor to Broadcom Pte. Ltd., a Singapore-based company. The company operates through two reporting segments: semiconductor solutions and infrastructure software. Within the semiconductor solutions segment, Broadcom Inc. offers a variety of products, including RF semiconductor devices, wireless connectivity solutions, custom touch controllers for mobile applications, mechanical hardware, broadband access, and connectivity solutions. On the other hand, the infrastructure software segment provides mainframe, enterprise, and storage area networking solutions. The company has made significant investments in research and development, allocating USD 4,696 million, USD 3,768 million, and USD 3,292 million in 2019, 2018, and 2017, respectively. With a global presence in numerous countries such as the U.S., Brazil, Canada, Australia, China, India, South Korea, Taiwan, Vietnam, Austria, Germany, France, Spain, Netherlands, U.K., Japan, Israel, and UAE, among others, Broadcom Inc. has established itself as a prominent player in the industry. Furthermore, the company is listed on The Nasdaq Global Select Market under AVGOP.
Cisco Systems, Inc. - Cisco Systems Inc. is a renowned company specializing in IP-based networking technology and collaboration. With a wide range of offerings, Cisco serves various industries such as automotive, consumer-packed goods, education, energy, finance, manufacturing, materials and mining, retail, and transportation. Their product portfolio encompasses advanced technologies, routing & switching, core technologies, and the development of switching, routing, and other network-based technologies. Cisco is committed to providing customers intelligent networks and technology architectures, integrating products, services, and software platforms. Operating in 380 global sites across more than 165 countries, Cisco offers diverse products and services, including cloud and systems management, collaboration, conferencing, data center management, and unified communications. Their target market segments include enterprise and service providers and small and mid-size businesses. With field sales offices in 97 countries, Cisco utilizes various sales channels, including direct sales and partnerships with service providers, system integrators, resellers, and distributors. The company also demonstrates its dedication to innovation by investing significant amounts in research and development activities, with investments of USD 6,577 million, USD 6,332 million, and USD 6,059 million in 2019, 2018, and 2017, respectively.
Deutsche Telekom Group - Deutsche Telekom Group, a prominent telecommunications service provider in Germany, operates in over 50 countries and serves a vast customer base. With 178 million mobile users, 28 million fixed-network lines, and 20 million broadband lines, the company has established itself as a leader in the industry. It operates through five segments: Germany, the United States, Europe, systems solutions, and group development. In Germany, the company offers mobile and fixed network solutions to business customers and consumers while catering to the wholesale market. In the United States, it focuses on mobile-based solutions, providing extensive network coverage and fast transmission speeds. The European segment offers mobile and fixed network solutions in several countries, including Greece, Romania, Austria, and more. The systems solutions segment provides a comprehensive range of integrated products and solutions for IT infrastructure, communications, digitalization, and security applications. The group development segment also encompasses various entities, such as Deutsche Funkturm and T-Mobile Netherlands. The company is actively deploying 5G network infrastructure in Europe, particularly Germany, and continues to expand its optical fiber network, adding approximately 60,000 kilometers annually.
HUAWEI TECHNOLOGIES CO., LTD. - Huawei Technologies Co., Ltd. is a global provider of smart devices and information & communication technology components. With a focus on serving communication service providers, government agencies, and business enterprises, the company operates through four segments: IT, telecom networks, cloud services, and smart devices. Huawei Technologies Co., Ltd. is at the forefront of the 5G revolution, offering a range of 5G chipsets, infrastructures, network equipment, and other next-generation devices worldwide. In addition to its cutting-edge technology, the company provides communication technologies like 5G and Internet of Things (IoT) to support digital transformation. Huawei Technologies Co., Ltd. goes beyond product offerings and provides a comprehensive suite of services, including consulting, system integration, managed services, customer support, network rollout, and learning facilities. The company demonstrates its commitment to innovation with 21 research and development institutes across various countries, including China, the U.S., Canada, and the U.K. Huawei Technologies Co., Ltd. has a strong global presence, spanning across North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The company's dedication to research and development is evident through its significant investments, with USD 12,685 million in 2016, USD 13,035 million in 2017, and USD 13,543 million in 2018.
Nokia Corporation - Nokia Corporation is a mobile and fixed network infrastructure provider offering a combination of software, hardware, and services. They are actively involved in deploying 5G networks and cater to a wide range of service providers, including fixed, mobile, converged, cable network operators, public sectors, hyper-scale enterprises, and industries such as transportation and energy & resources. In addition to their services, Nokia also provides advanced technologies and licensing opportunities to their customers. The company operates through three segments: networks, Nokia software, and Nokia technologies. Under the Nokia software segment, they offer telecom software solutions, including multi-vendor and multi-network software solutions, focusing on 5G, digital, automation, and portfolio integration platforms. Nokia Corporation has a global presence, with operations in various countries such as Australia, Japan, New Zealand, France, Denmark, Finland, India, Canada, and the U.S. They are listed on the Nasdaq Helsinki Stock Exchange (NOKIA), the Euronext Paris Stock Exchange, and the New York Stock Exchange (NOK). Furthermore, the company has made significant investments in research and development activities, with USD 4,939.71 million, USD 5,284.32 million, and USD 5,888.70 million invested in 2019, 2018, and 2017, respectively.
QUALCOMM INCORPORATED - Qualcomm Incorporated is a leading developer and provider of foundational technologies for the wireless industry. With a focus on sectors such as automotive, computing, mobile, Internet of Things (IoT), and networking, Qualcomm offers a wide range of products and technologies. These include 3G, 4G, and 5G wireless technologies utilized in mobile and other connected devices. Additionally, the company is involved in the development and commercialization of various other technologies used in wireless devices, some of which have become industry standards. Qualcomm operates through three distinct segments: QCT (Qualcomm CDMA Technologies), QSI (Qualcomm Strategic Initiatives), and QTL (Qualcomm Technology Licensing). The QCT segment specializes in developing and supplying integrated circuits and system software for networking, wireless voice and data communications, and application processing products. On the other hand, the QTL segment grants licenses for using its intellectual property portfolio, including essential patent rights for wireless products. As a publicly-traded company listed on the NASDAQ Global Select Market, Qualcomm has a strong commitment to research and development, investing significant amounts in R&D activities. Qualcomm plays a vital role in shaping the wireless industry with a global presence in various countries.
Samsung Electronics Co., Ltd. - Samsung Electronics Co., Ltd., a renowned electronics company, was originally established as Samsung Electronics Industry Co., Ltd. and later renamed Samsung Electronics Co., Ltd. in February 1984. The company operates through four distinct business divisions: CE (Consumer Electronics), IM (Information Technology and Mobile Communications), DS (Device Solutions), and Harman (Harman International Industries, Inc. and its subsidiaries). Within the CE division, Samsung offers a wide range of consumer electronics products, including television sets, monitors, refrigerators, washing machines, and air conditioners. The IM division focuses on network systems and computers, while the DS division specializes in mobile APs, TFT-LCD panels, and OLED panels. Additionally, the Harman division provides head units, infotainment systems, telematics, and speakers. Samsung Electronics Co., Ltd. is publicly listed on the Korea Stock Exchange and has a global presence in numerous countries such as the U.S., France, Germany, Singapore, Australia, China, and Africa. The company has consistently invested significant amounts in research and development, with USD 12,263.0 million in 2016, USD 15,737.0 million in 2017, and USD 16,705.9 million in 2018.
Telefonaktiebolaget LM Ericsson - Ericsson offers service providers a wide range of information and communication technology (ICT) services worldwide. These services are designed to meet the specific needs of the company's customers. The company's segment structure is built around these services, which include 5G and IoT-powered networks, managed services, and digital services. Ericsson develops, sells, licenses, and delivers software, hardware, and services in the networks segment. The digital services segment focuses on providing solutions for operational support systems, business support systems, cloud core, cloud infrastructure, and cloud communication, emphasizing cloud-native, 5G, and automated solutions. The managed services segment provides IT and network managed services, including network design and optimization, as well as application development and maintenance. The company also has an emerging business and another segment, which include Iconectiv, IoT, new companies, and media businesses. Ericsson has a global presence, with operations in North America, Europe & Latin America, Middle East & Africa, and Asia. The company has manufacturing sites in Brazil, China, Estonia, India, Mexico, Poland, and the U.S., and services delivery centers in China, India, Mexico, and Romania. Ericsson's research and development efforts are significant, with investments of SEK 38,815 million, SEK 38,909 million, and SEK 37,887 million in 2019, 2018, and 2017, respectively.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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