The deployment of 5G networks is one of the largest market segments in recent years. It is not for nothing that large multinationals are fighting to gain space in a business that is estimated to be several times millionaire.
Data from the Global Mobile Suppliers Association (GSA) say there are more than 1,500 commercial 5G networks already running in more than 180 countries, so the possibilities for expansion are enormous.
Why is the deployment of 5G networks important? Because it offers much higher data transfer capacity, more speed and reliability, and the ability to support new applications and services.
The 5G infrastructure is also more cost-effective, flexible, and scalable to meet the growing demand for the Internet of Things (IoT).
With these networks, not only personal communications and entertainment will benefit, but also the spread of applications for smart factories, connected vehicles and industrial automation.
China’s Huawei, the world’s leading telecom equipment provider, is estimated to have a market share of about 41 percent of 5G access network equipment.
Other major players in the market are Nordic Ericsson and Nokia and China’s ZTE, which have a combined market share of around 36 percent.
Smaller “players” like Samsung, Qualcomm, and Intel have the rest.
Nokia gains market share
The novelty of this Thursday, January 26, corresponds to one of the competitors for the deployment of 5G networks, Nokia, which said in its latest financial report that it improved previous quarterly forecasts and raised its sales forecast for 2023.
Finnish telecom equipment maker says it was able to win market share thanks to the deployment of fifth generation networks in countries like India.
“We are gaining market share,” he told Reuters Nokia CEO Pekka Lundmark, adding that the growth was widespread.
Lundmark called India “the highlight of this story.”
With these data, Nokia shares rose more than 7 percent in a few hours on the Helsinki Stock Exchange.
Lundmark also said that Nokia is now expecting another year of “big growth”, in contrast to its main regional rival, Ericsson.
The Swedish company had reported lower-than-expected fourth-quarter profit and said it expected a margin decline in its 5G business to persist until at least the first half of 2023.
These meager results are the result of low sales of 5G equipment in the brand’s key markets, such as the United States.
An interesting fact that Nokia provides in its report is that the brand understands that the global economy is only 30 percent digitized, so the potential is enormous.
Now read:
3M sales fall and it makes the same decision as technology: layoffs
Tesla, IBM, Visa, Boeing, Microsoft: the results condition Wall Street
Like McDonalds, Burger King also sells more with the crisis
