South Korea 5G Market
The fifth generation of mobile technology (5G technology) is expected tcater tthe demand and provide the business frameworks needed by and beyond 2020. In addition tdriving a connected society, 5G wireless technology will bring about socio-economic transformations through productivity, sustainability and well-being. Mobile 5G seems tbe the next big thing in the global digital connectivity ecosystem. As the world moves towards 5G networks, South Korea plans tbuild 5G network tsave money and time. The 5G market in South Korea is expected tshow a triple-digit growth rate during the forecasted period.
The South Korean government aims tdeploy commercial 5G network services by the second half of 2019. It is estimated that the 5G penetration rate will be 5% by 2020 and subscriber would increase from 30% in 2020 t90% in 2026 out of the total mobile subscribers.
The South Korea 5G market is classified intSIM cellular connections and SIM M2M cellular connections. These are further divided intdata per user, and 5G data traffic for each categories. In South Korea, SIM cellular connections hold the majority of the market share, whereas SIM M2M cellular connections are anticipated tgrow at an increasing rate.
The 5G hype across the world has led South Korea tinvest USD 1.7 Bn troll out 5G wireless services that would enable users tdownload a full movie within a second. This would enable the related industries tupsell new 5G related devices and infrastructure equipment, and earn revenue worth USD 350 Mn by 2026. This will help in the expansion of the telecom infrastructure equipment industry.
Key growth factors:
The major growth factors driving the South Korea 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks
South Korean network operating companies plan tinvest USD 9.36 Bn on 5G by 2018. The top three South Korean telecom companies will start commercial operations on 5G by 2019 and build nationwide 5G infrastructure by 2020
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Threats and key players:
The region faces growth challenges, such as regulatory pressures, and new operator launches
The key players in this market are SK Telecom, KT, and LGU+
What’s covered in the report?
Overview of the South Korea 5G market
The forecasted market size data of the South Korea 5G market
The forecasted market size for the segments of SIM cellular connections and SIM M2M cellular connections, and each segment’s usage (GB/month) and data traffic (EB/year)
The forecasted market size based on applications: Internet of Things, Robotics & Automation, Virtual Reality, others
Market trends in the South Korea 5G market
Market drivers and challenges of the of the South Korea 5G market
Analysis of company profiles of the major players operating in the market
Get a broad understanding of the South Korea 5G market and its segments based on applications
Get region-specific drivers and challenges affecting the South Korea 5G market
Recognize significant competitors’ business and market dynamics, and respond accordingly
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