South & Central America 2G & 3G Switch Off Market
No. of Pages: 74 | Report Code: BMIRE00030532 | Category: Technology, Media and Telecommunications
No. of Pages: 74 | Report Code: BMIRE00030532 | Category: Technology, Media and Telecommunications
The South & Central America 2G & 3G switch off market was valued at US$ 13,058.70 million in 2020 and is expected to reach US$ 1,860.99 million by 2030; it is estimated to register a CAGR of -17.7% from 2020 to 2030.Rising Digital Transformation Across SME's Fuels South & Central America 2G & 3G Switch Off Market
Digital transformation across SMEs is presenting a unique opportunity for the 2G and 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 This shift towards advanced networks is driving the need for the decommissioning of outdated 2G and 3G infrastructure.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.South & Central America 2G & 3G Switch Off Market Overview
The South & Central America 2G & 3G switch off market is segmented into Brazil, Argentina, and the Rest of South & Central America. According to the GSM Association, uptake of 4G in the region has more than doubled in between 2015-2020, with more than 410 million connections in 2021. This growth is projected to continue till 2024 as consumers increasingly transfer to 5G plans. In June 2022, seven countries in the region launched commercial 5G services. The modern adoption rate of 5G services is ~1% of total 5G connections, but this is expected to reach 11% by 2025. Several regional network operators are switching off the 2G and 3G networks to re-purpose the spectrum and provide 4G. For instance, as of November 2022, Tigo confirmed that it switched off its 2G network in Colombia, taking ~2,000 1900 MHz sites offline and freeing up the spectrum, which will be re-purposed and used for its 4G network.
As of March 2022, Claro also announced the shutting down of its 2G network in Colombia, following in Tigo's footsteps. Further, Movistar plans to do the same in Chile in the second half of 2023, while Telecom will shut down 3G in Argentina. The mass implementation of 4G and the entry of 5G are beginning to influence these decisions.
Strategic insights for the South & Central America 2G & 3G Switch Off provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 13,058.70 Million |
| Market Size by 2030 | US$ 1,860.99 Million |
| Global CAGR (2020 - 2030) | -17.7% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South & Central America 2G & 3G Switch Off refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. AT&T Inc
2. Deutsche Telekom AG
3. KDDI Corp
4. NTT Data Corp
5. Orange SA
6. Telefonica SA
7. Vodafone Group Plc
The South & Central America 2G & 3G Switch Off Market is valued at US$ 13,058.70 Million in 2020, it is projected to reach US$ 1,860.99 Million by 2030.
As per our report South & Central America 2G & 3G Switch Off Market, the market size is valued at US$ 13,058.70 Million in 2020, projecting it to reach US$ 1,860.99 Million by 2030. This translates to a CAGR of approximately -17.7% during the forecast period.
The South & Central America 2G & 3G Switch Off Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America 2G & 3G Switch Off Market report:
The South & Central America 2G & 3G Switch Off Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America 2G & 3G Switch Off Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America 2G & 3G Switch Off Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South & Central America 2G & 3G Switch Off Market
