5G Market: GCC Analysis, Size, Share, Growth, Trends and Forecast - 2027

 Infinium Global Research’s recent report on the “GCC 5G Market (By Component – Hardware, Software, and Services; By Connectivity – Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low Latency Communication (URLLC), and Massive Machine Type Communication (mMTC); By Application - Connected Vehicles, VR & AR, Enhanced Video Services, and Others; By End User - IT & Telecom, Automotive, Government, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027” provides a comprehensive outline of the factors responsible for the growth of the market. The GCC 5G market was valued at USD 1397.7 million in 2021 and is anticipated to reach USD 89000.6 million in 2027.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/gcc/sample-request/14

"We are Now Including the Impact Analysis of COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2023-2030." 

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

5G technology is anticipated to revolutionize communication across the GCC region. 5G technology is projected to provide faster communication than other existing technologies and consequently, offers potential for both the customers as well as industry. Furthermore, international standardization of 5G technologies is expected to quicken the mass adoption of industrial automation and connected cars. In addition, the 5G network is estimated to pave the way toward a hyper-connected society and deliver socio-economic value addition. The applications of 5G technologies in abundant contexts are being considered under the industry 4.0 initiatives across the region.

The novel coronavirus (COVID-19) outburst is causing widespread concern and economic hardship for consumers, businesses, and communities across the region. The situation is changing rapidly with widespread impacts. As manufacturers struggled to survive the supply chain problems, their focus was certainly on regular business. But with public health agencies limiting all manner of business operations, there were a few problems putting scrutiny on the 5G rollouts and other new technologies.

IT & Telecom Segment is Expected to Account for the Highest Market Share During the Forecast Period

The IT & telecom segment led the market in 2020 and held the largest revenue share in the GCC 5G market. The segment is anticipated to endure its dominance over the prediction period owing to the substantial investments by key players in modern technologies for communication. Furthermore, the growing demand for higher data speeds for residential and commercial applications is anticipated to drive the growth of the IT & telecom segment during the projection period. 5G is estimated to provide ubiquitous broadband access between homes and offices, which would inspire remote consultation with experts and reduce business travel. The growing need for enhanced broadband capacity for virtual business meetings is assessed to propel the segment growth during the projection timeframe.

Need Assistance? Send an Enquiry@  https://www.infiniumglobalresearch.com/gcc/customization/14

The UAE IoT Market is Projected to Grow at the Highest CAGR During the Forecast Period

The Gulf Cooperation Council (GCC) countries have been pioneers in the deployment of 5G networks, being some of the first markets in the world to roll out novel technology. The governments and regulators of these countries quickly awarded a spectrum that has allowed mobile operators to act fast. The Kingdom of Saudi Arabia, in specific, is at the forefront of this drive not only in the GCC region but also globally. Their principal operators, Mobily, STC, and Zain, are pouring a comprehensive ecosystem of technical, operational, financial, and commercial partnerships that are already achieving impressive results. Geographically, UAE generated the largest revenue in the 5G market in 2020 and is projected to continue its dominance over the prediction years. Moreover, technological advancement, growing penetration of 5G-based technologies along with increasing demand for machine intelligence, and surging adoption of numerous wearable technology applications are accelerating the 5G market growth in UAE.

Companies Operating in GCC 5G Markets are Adopting Numerous Key Business Strategies

Major players of the GCC 5G markets are focusing on expanding their customer base across the globe by leveraging on the strategic collaborative, joint venture, and partnership to increase their market share and their profitability. Abu Dhabi has further invested in emerging its 5G technologies, demonstrated in TRA and Huawei launching a 5G and IoT Open Lab in 2019 to develop technologies in the Emirates. The UAE has also adopted technological goals for broader integration of 5G technologies into its society and cities’ infrastructures, such as its “Smart Dubai” initiative to transform the city into a regional hub integrated with next-generation technology. Numerous notable players operating in the GCC 5G market include Ericsson, Huawei Technology, Orange S.A., Qualcomm Inc., Cisco Systems Inc., NEC Corp., Nokia, Broadcom Inc., IBM, and Intel Corporation among others. Key players are introducing new products to strengthen their position in the market.

More Insights on This Report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/gcc/enquiry/14

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of the GCC 5g.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and market size forecast up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.