Report : Europe 2G & 3G Switch Off Market Forecast to 2030 - Regional Analysis - by Type (2G and 3G) and Application (Message, Voice, Data, and IoT)
At -26.5% CAGR, Europe 2G & 3G Switch Off Market is Projected to be Worth US$ 149.03 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe 2G & 3G switch off market was valued at US$ 3,251.41 million in 2020 and is projected to reach US$ 149.03 million by 2030, registering a CAGR of -26.5% from 2020 to 2030. Emergence of 5G technology and rising digital transformation across SME's are among the critical factors attributed to drive the Europe 2G & 3G switch off market growth.
Digital transformation across SMEs is presenting a unique opportunity for the 2G & 3G switch off market. As these businesses embrace the digital era, they are increasingly adopting modern technologies, such as 4G and 5G networks, to streamline their operations and enhance their connectivity. This shift towards advanced networks is driving the need for the decommissioning of outdated 2G and 3G infrastructure.
SMEs are recognizing the benefits of faster and more reliable data transfer, improved network coverage, and enhanced capacity that come with newer network technologies. This realization is prompting them to upgrade their communication systems, making the 2G and 3G networks obsolete.
Moreover, the digital transformation journey of SMEs also opens up opportunities for companies in the switch off market. These companies can offer services like network infrastructure decommissioning, equipment recycling, and network migration solutions. They can help SMEs smoothly transition from legacy networks to more advanced ones, ensuring minimal disruptions to their business operations. Thus, such rising digital transformation across SMEs creates opportunities for using higher networks and switching off the 2G and 3G networks.
On the contrary, prevalent use of 2G and 3G in some application areas hampers the growth of Europe 2G & 3G switch off market.
Based on type, the Europe 2G & 3G switch off market is bifurcated into 2G and 3G. The 2G segment held 67.9% market share in 2020, amassing US$ 2,206.20 million. It is projected to garner US$ 149.03 million by 2030 to register -23.6% CAGR during 2020-2030.
In terms of application, the Europe 2G & 3G switch off market is segmented into message, voice, data, and IoT. The IoT segment held 65.5% share of Europe 2G & 3G switch off market in 2020, amassing US$ 2,130.34 million. It is anticipated to garner US$ 100.67 million by 2030 to register -26.3% CAGR during 2020-2030.
Based on country, the Europe 2G & 3G switch off market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that France captured 22.8% share of Europe 2G & 3G switch off market in 2020. It was assessed at US$ 742.88 million in 2020 and is likely to hit US$ 46.07 million by 2027, registering a CAGR of -23.2% during 2020-2027.
Key players operating in the Europe 2G & 3G switch off market are AT&T Inc, Deutsche Telekom AG, KDDI Corp, NTT Data Corp, Orange SA, Telefonica SA, Telenor ASA, and Vodafone Group Plc, among others.
- In June 2021, Deutsche Telekom's 3G network in Germany was shut down, making room for faster technologies. The frequency range that became available as a result of the UMTS switch-off is earmarked for the expansion and extension of the LTE network (4G and 5G). Mobile providers in other countries have also already started or are planning the 3G switch-off.
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