Report : Middle East & Africa 2G & 3G Switch Off Market Forecast to 2030 - Regional Analysis - by Type (2G and 3G) and Application (Message, Voice, Data, and IoT)
At -14.8% CAGR, Middle East & Africa 2G & 3G Switch Off Market is Projected to be Worth US$ 1,453.25 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa 2G & 3G switch off market was valued at US$ 7,207.01 million in 2020 and is projected to reach US$ 1,453.25 million by 2030, registering a CAGR of -14.8% from 2020 to 2030. Emergence of 5G technology and rising digital transformation across SME's are among the critical factors attributed to drive the Middle East & Africa 2G & 3G switch off market growth.
Emerging 5G networks feature higher capacity, lower latency, and increased bandwidth than 4G. These network enhancements are expected to impact how people work, live, and play worldwide. According to Intel Corporation, 5G will provide up to 1,000 times more capacity than 4G, paving the way for IoT development. 5G and IoT are a great combination, which has the potential to reshape wireless networks and the way the Internet is utilized. With the ability to effortlessly communicate with hundreds or thousands of devices, new applications and use cases for cities, factories, farms, schools, and households will flourish. The transition to 5G could be the most significant growth engine for the smartphone industry in the coming years. According to Ericsson Mobility Report, in 2028, 5G subscription mobile access technology will take the lead. By 2029, there will be more than 5.3 billion 5G subscriptions worldwide, accounting for 58% of all mobile subscriptions at that point. According to projections, in 2029, North America and the GCC would have the greatest 5G penetration rate at 92%, with Western Europe coming in second at 85%. Further, in Q3 2023, 4G subscriptions rose by 6 million, reaching 5.2 billion. Now that 4G subscriptions have peaked, it is anticipated that they will fall to about 3.2 billion by the end of 2029 as users switch to 5G. 3G subscriptions fell by 61 million in Q3, while GSM/EDGE-only subscriptions fell by 55 million, and subscriptions to other technologies fell by roughly 2 million.
Apart from that, physical security is an important sector. Industry participants have begun to investigate newer methods of security systems because of the speed and latency of 5G. Although most customers are familiar with wireless bandwidth, the expected latency rate of 1-4 milliseconds will differ in 5G adoption. Low latency 5G networks create new possibilities for services that demand nearly instant response time. These services include telemedicine, augmented reality (AR) headsets, and communications between autonomous vehicles that support linking into efficient platforms. Less latency means reducing the time between sending and receiving the signal. 5G network brings the network range to at least under ten milliseconds and, in best cases, approximately one-millisecond delay, meaning data will be transferred in real-time. The advancement of 5G-based mobile networks achieves low delays, which opens the way to completely new opportunities, including virtual reality experiences, multiplayer mobile gaming, factory robots, and self-driving car applications for which a speedy response is considered a strong criterion. Thus, due to the huge advantages of 5G technology, several countries are adopting it, driving the growth of the 2G & 3G switch off market.
On the contrary, prevalent use of 2G and 3G in some application areas hampers the growth of Middle East & Africa 2G & 3G switch off market.
Based on type, the Middle East & Africa 2G & 3G switch off market is bifurcated into 2G and 3G. The 3G segment held 68.8% market share in 2020, amassing US$ 4,959.90 million. It is projected to garner US$ 1,139.13 million by 2030 to register -13.7% CAGR during 2020-2030.
In terms of application, the Middle East & Africa 2G & 3G switch off market is segmented into message, voice, data, and IoT. The data segment held 44.0% share of Middle East & Africa 2G & 3G switch off market in 2020, amassing US$ 3,172.87 million. It is anticipated to garner US$ 560.83 million by 2030 to register -15.9% CAGR during 2020-2030.
Based on country, the Middle East & Africa 2G & 3G switch off market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 69.7% share of Middle East & Africa 2G & 3G switch off market in 2020. It was assessed at US$ 5,024.37 million in 2020 and is likely to hit US$ 1,350.77 million by 2030, registering a CAGR of -12.3% during 2020-2030.
Key players operating in the Middle East & Africa 2G & 3G switch off market are AT&T Inc, Deutsche Telekom AG, KDDI Corp, NTT Data Corp, Orange SA, and Vodafone Group Plc, among others.
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