5G network is the fifth-generation technology for broadband connections in the telecommunication industry. According to Groupe Speciale Mobile Association (GSMA), there will be more than 1.1 billion 5G network subscribers across the globe by 2025. There is a rising demand for advanced network services to enable efficient and real-time communication across industries and personal applications. The increase in investments by communication service providers (CSPs) and regional government bodies is further enhancing the development and deployment of 5G network services across developed and developing countries. Major 5G network solution providers operating across the globe include Verizon, AT&T, Huawei, Cisco Systems, Ericsson, and Nokia.
American Tower Corporation, Crown Castle, SBA Communications, Qualcomm Inc., and Verizon Communications Inc. – Prominent Market Participants in North America 5G Network and Deployment Market
American Tower Corporation, Crown Castle, SBA Communications, Qualcomm Inc., and Verizon Communications Inc. are the five key market players operating in the North America 5G network and deployment market. CTI Towers Inc., DISH Network L.L.C., CommScope Inc., Mavenir, and AT&T Inc. are a few other notable players that are profiled in this market study. In addition to these players, multiple other leading global, regional & local market players, emerging companies, market disruptors and niche market players were studied and analyzed during this study to gather a holistic view of the market. The North America 5G network and deployment market includes companies operating in a wide range of product portfolios. Each category has some well-established key players and owing to the different markets in which they operate and compete it is not feasible to determine key five players in the overall North America 5G network and deployment market. However, based on parameters such as overall revenue, brand image, current 5G network and deployment product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating in North America.
Few of the important market initiatives and product developments from the industry are mentioned below:
Year | News | Country |
2022 | Crown Castle announced a new agreement with T-Mobile that implies the company’s commitment to installing 35,000 small cells over the next five years. This year Crown Castle is expected to complete the deployment of 5,000 small cell nodes. | North America |
2022 | Verizon Communications Inc announced its plans to turn 2000 additional towers in the next phase of its C-Band 5G deployment after talks with U.S. regulators. The new phase comes after the U.S. Federal Aviation Administration (FAA) could safely turn on more 5G towers in a deployment that has been disrupted by aircraft safety concerns. | North America |