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5G Base Station Market to Grow by USD 120.98 Billion (2024-2028) Driven by IoT Device Adoption and AI’s Role in Market Transformation – Technavio Report

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NEW YORK, Sept. 12, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global 5G base station market  size is estimated to grow by USD 120.98 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  38.81%  during the forecast period.  Rising adoption of IoT devices is driving market growth, with a trend towards growing construction of 5g base stations. However, high regulatory barriers for 5G base stations  poses a challenge. Key market players include AT and T, Bharti Airtel Ltd., CommScope Holding Co. Inc., Deutsche Telekom AG, Faststream Technologies, GLOBE TELECOM INC., Huawei Technologies Co. Ltd., JSC Kazakhtelecom, Marvell Technology Inc., Murata Manufacturing Co. Ltd., NEC Corp., Nokia Corp., Qorvo Inc., Rakuten Group Inc., Reliance Industries Ltd., Samsung Electronics Co. Ltd., T Mobile US Inc., Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, WiSig Networks Pvt. Ltd., and ZTE Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Macro cells and Small cells), Application (Telecommunication companies, Industrial IoT, Smart cities, Automotive, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

APAC, Europe, North America, Middle East and Africa, and South America

Key companies profiled

AT and T, Bharti Airtel Ltd., CommScope Holding Co. Inc., Deutsche Telekom AG, Faststream Technologies, GLOBE TELECOM INC., Huawei Technologies Co. Ltd., JSC Kazakhtelecom, Marvell Technology Inc., Murata Manufacturing Co. Ltd., NEC Corp., Nokia Corp., Qorvo Inc., Rakuten Group Inc., Reliance Industries Ltd., Samsung Electronics Co. Ltd., T Mobile US Inc., Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, WiSig Networks Pvt. Ltd., and ZTE Corp.

Key Market Trends Fueling Growth

The construction of 5G base stations is a significant factor fueling growth in the global 5G base station market. The increasing adoption of 5G networks in various industries, such as automotive and telecom, is leading to increased investment in private 5G networks and base stations. Telecom operators, businesses, and governments are heavily investing in 5G infrastructure to meet rising consumer demands and enable innovative applications. This investment is driving a rapid increase in the number of deployed base stations. For instance, GLOBE TELECOM, INC., the largest mobile network operator in the Philippines, announced the deployment of 356 new 5G base stations in 2023. Similarly, JSC Kazakhtelecom plans to build over 7,000 5G base stations by the end of 2025. The growing adoption of 5G-enabled devices necessitates more base stations for wide coverage and capacity. New 5G base station designs are more compact and efficient, making deployment easier and cost-effective. Consequently, the increasing deployment of 5G base stations is expected to continue fueling the growth of the global 5G base station market during the forecast period. 

The 5G base station market is experiencing significant growth due to the rollout of Next G activities and the increasing demand for high-speed data. With 5G networks offering higher bandwidth and faster data speeds, there is a increase in 5G subscriptions. This trend is driven by the widespread use of smartphones, IoT devices, and consumer electronics. Regulatory protocols are being established to ensure smooth installation and integration of 5G base stations, including small cells, microcells, femtocells, and picocells. Memory and storage requirements, fiber optic cables, and network function virtualization are key considerations for 5G base station infrastructure. The adoption of 5G-enabled smart devices is fueling the need for high-speed network connectivity. User satisfaction is a top priority, with low latency a key selling point for 5G. Industries such as industrial internet, smart grid, autonomous driving, robotic surgeries, public safety, and smart cities are set to benefit from 5G’s advanced technologies, including augmented reality (AR) and virtual reality (VR). 

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Market Challenges

The deployment of 5G networks faces several regulatory challenges that hinder the rollout of 5G base stations. Spectrum allocation is a significant barrier as governments tightly control and regulate access to specific radio frequency bands for 5G networks. Acquiring necessary spectrum licenses is a complex and lengthy process, causing delays. Local zoning laws and permitting requirements also pose challenges, particularly for urban small cell installations. National security considerations have limited the pool of available 5G base station suppliers in some markets. Regulatory bodies are still establishing unified safety standards and certification processes, creating additional compliance hurdles for telecom service providers. These regulatory barriers are expected to slow down the growth of the global 5G base station market during the forecast period.The 5G base station market is surging due to the demand for high-speed network connectivity. With the increasing number of smartphone users, there’s a growing need for advanced technologies like 5G to support data-intensive services such as Augmented Reality (AR) and Virtual Reality (VR). User satisfaction is key, and 5G delivers with its low latency, making it ideal for industrial applications like industrial internet, smart grid, autonomous driving, and robotic surgeries. However, infrastructure costs are a challenge, with the need for small cells to improve coverage and capacity. Telecommunications companies are investing in 5G to meet the demands of 5G users, offering solutions for industries like smart factories and smart cities. Edge computing, advanced analytics, and networking are also crucial components of the 5G ecosystem. The future of wireless networks lies in 5G, enabling digital information transfer at unprecedented speeds for IT and telecommunications, robotics, drones, and more. Spectrum availability and mobile device compatibility are ongoing challenges, but the benefits of 5G far outweigh the hurdles.

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Segment Overview

This 5g base station market report extensively covers market segmentation by

Type 1.1 Macro cells1.2 Small cellsApplication 2.1 Telecommunication companies2.2 Industrial IoT2.3 Smart cities2.4 Automotive2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Macro cells-  The 5G base station market is experiencing significant growth due to the increasing demand for faster and more reliable wireless communication. Companies are investing heavily in 5G infrastructure to meet this demand. Major players in the market include Nokia, Ericsson, and Huawei. These companies are supplying base stations to telecom operators worldwide, enabling them to provide 5G services to their customers. The market is expected to continue growing as more devices become 5G compatible and the need for faster internet speeds increases.

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Research Analysis

The 5G base station market is experiencing significant growth due to the increasing demand for high-speed network connectivity. With the widespread adoption of smartphones and the proliferation of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR), user satisfaction is at an all-time high. 5G base stations offer low latency, making them ideal for data-intensive services like industrial internet, smart grid, autonomous driving, and robotic surgeries. Telecommunications companies are investing heavily in 5G networks to provide faster data speeds and higher bandwidth to meet the demands of IT and telecommunications industries. Mobile Internet is becoming a necessity, and 5G networks are poised to revolutionize the way we access digital information. The market for 5G base stations is expected to grow exponentially as more and more subscribers switch from 4G networks to 5G, driven by the need for high-speed data and the increasing popularity of mobile devices for remote work. The spectrum auction for 5G is underway, and the race to build the most extensive and efficient 5G networks is heating up.

Market Research Overview

The 5G base station market is poised for significant growth due to the increasing demand for high-speed network connectivity. With the widespread adoption of smartphones and the emergence of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR), user satisfaction is at an all-time high. Low latency is a key feature of 5G, making it ideal for industrial applications like the industrial internet, smart grid, autonomous driving, and robotic surgeries. Public safety and smart cities also benefit from the high-speed data and low-latency connectivity offered by 5G. Communication speeds, infrastructure costs, and coverage and capacity are major considerations for the rollout of 5G networks. Small cells, including macro, micro, femto, and picocells, are crucial for providing adequate coverage and capacity. The 5G base station market caters to various sectors, including telecommunications, IT and telecommunications, consumer electronics, and industrial IoT. With the proliferation of 5G-enabled smart devices, the demand for mobile internet, data-intensive services, and wireless networks continues to soar. Regulatory protocols and installation processes are ongoing challenges in the 5G base station market. Memory and Storage, Fiber Optic Cables, Network Function Virtualization, and 5G-enabled smart devices are essential components of the 5G ecosystem.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeMacro CellsSmall CellsApplicationTelecommunication CompaniesIndustrial IoTSmart CitiesAutomotiveOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

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