The future of the global
next generation communication
technology market looks promising with opportunities in the telecommunication,
consumer electronic, healthcare, security & surveillance, automotive,
industrial, and military & defense markets. The global next generation
communication technology market is expected to reach an estimated $21.8.1
billion by 2030 with a CAGR of 15.1% from
2024 to 2030. The major drivers for this market are growing adoption of
connected vehicles, increasing demand for high-speed connectivity, and on-going
technological development such as internet of things (IoT), e-commerce, and big
data.
Some of the Key
Questions answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the next generation
communication technology market by type (wired communication technology and
wireless communication technology), application (telecommunications, consumer
electronics, healthcare, security & surveillances, automotive, industrial,
military & defense, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, wired
communication technology and wireless communication technology are the major
segments of next generation communication technology market by type. Lucintel forecasts that wireless
communication technology will remain the largest segment over the forecast
period because of growing adoption of 5G powered asset tracking and management
that enables business organization to capture as well as analyze historical and
real-time operational and asset data.Within this market, telecommunication will
remain the largest segment.
APAC will remain the
highest growing segment over the forecast period due to increasing penetration
of 4G services in the telecom sector, growing demand for improved privacy and
increased speed offered by bluetooth, as well as rising utilization of latest
communication technologies in the region.
AT&T, Verizon, Green
Packet Berhad, Huawei Technologies, Devicescape Software, Nokia, Qualcomm,
Ericsson, NTT Docomo, and Sk Telecomg are the major suppliers in the next
generation communication technology market.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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