Dublin, March 12, 2024 (GLOBE NEWSWIRE) -- The "2G & 3G Switch Off Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type and Application" report has been added to ResearchAndMarkets.com's offering.
The 2G & 3G switch off market size is expected to decline to US$ 3.65 billion by 2030, from US$ 28.75 billion in 2020 recording an estimated CAGR of -18.6% from 2020 to 2030.
In order to meet the demands for how consumers use wireless, the 3G network will be phased out in the US and the telecom industry is investing and reallocating resources to 4G and 5G networks. To do so, support for legacy networks is being discontinued and the 2G and 3G networks are being turned off. The Federal Communications Commission (FCC) has informed consumers that if their mobile phones are over a few years old, they may need to replace their device before their mobile operator shuts down its 3G network to prevent losing service. Mobile companies in the country are shutting down their 3G networks. Telecom companies are doing the same thing to make place for more advanced network services, such as 5G.
Based on type, the 2G & 3G switch off market is bifurcated into 2G and 3G. The second generation of cellular networks, or 2G, is built on the Global System for Mobile Communication (GSM). 2G offered cellular services, including SMS, multimedia messaging, and digitally encrypted voice chats, to meet the increasing number of mobile phones. Additionally, it optimized the usage of the radio frequency (RF) spectrum, allowing multiple devices to share the same frequency bands.
However, the technology is three decades old. Although 2G networks have been improved over time by telecom companies with features such as General Packet Radio Service (GPRS) and Enhanced Data rates for GSM Evolution (EDGE), 2G connectivity cannot keep up with the currently available options. Numerous Mobile Network Operators (MNOs) have initiated the process of discontinuing their 2G networks. In addition, 2G service is now unavailable in several nations. Such instances propel the 2G & 3G switch off market growth.
Based on application, the 2G & 3G switch off market is segmented into message, voice, data and IoT. SMS stands for Short Message Service, also referred to as text messaging. The service allows users to send short texts of ~160 to 224 characters using the 5-bit mode to other mobile devices using the mobile data and cellular network. For the first time, the 2G network enabled text-based data to be transmitted via SMS. This network also offers multimedia messaging (MMS) and picture messages. With 2G, SMS has become one of the means of communication. A normal text message sent to the receiver is stored in separate channels. This process was further continued in the 3G era, too. In the 4G era, things become difficult for SMS. The old switching and transceiver stations used for storing and sending SMS texts are not functional now. A new messaging gateway called IP-SM-GW was introduced. This network communicates with the SMSC to retrieve and send messages instantly. Thus, above reasons propelling 2G & 3G switch off market growth.
2G network was first deployed during the 1990s and was used for voice calls, text messaging, and very low-speed data communications. During the 2000s, a 3G network was deployed, and voice services enabled access to the internet through a mobile phone. However, calls and data are separated in 2G or 3G networks and cannot work simultaneously. During a phone call on a 2G network, the caller could not receive any incoming text messages. The text messages would only arrive after the caller terminates the phone call. Meanwhile, calls and data work in unison on a 4G or 5G network, hindering the growth of 2G and 3G networks, and propelling the growth of the 2G & 3G switch off market.
AT&T Inc, BCE Inc , China Mobile Ltd, Deutsche Telekom, KDDI Corp, NTT Data Corp, Orange, Telefonica, Telenor and Vodafone Group are among the key 2G & 3G switch off market players that are profiled in this market study.
The overall 2G & 3G switch off market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the 2G & 3G switch off market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the 2G & 3G switch off market.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. 2G & 3G Switch Off Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Premium Insights
4.4.1 Future of Smart Home
4.4.2 Impact of 2G/3G Sunset on Smart Home
5. 2G & 3G Switch Off Market - Key Market Dynamics
5.1 2G & 3G Switch Off Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Emergence of 5G Technology
5.2.2 Increasing Adoption of Industry 4.0 and Edge Computing
5.2.3 Growing Demand for Smart Cities
5.3 Market Restraints
5.3.1 Prevalent Use of 2G and 3G in Some Application Areas
5.3.2 Higher Installation Costs for 4G and 5G
5.4 Market Opportunities
5.4.1 Rising Digital Transformation Across SMEs
5.4.2 Increasing 5G Subscriptions in Developing Countries
5.5 Future Trends
5.5.1 Government Regulations to Shut Down 2G and 3G
5.5.2 Private 5G Networks
5.6 Impact of Drivers and Restraints:
6. 2G & 3G Switch Off Market - Global Market Analysis
6.1 2G & 3G Switch Off Market Revenue (US$ Million), 2022 - 2030
6.2 2G & 3G Switch Off Market Forecast and Analysis
7. 2G & 3G Switch Off Market Analysis - Type
7.1 2G
7.2 3G
8. 2G & 3G Switch Off Market Analysis - Application
8.1 Message
8.2 Voice
8.3 Data
8.4 IoT
9. 2G & 3G Switch Off Market - Geographical Analysis
10. 2G & 3G Switch Off Market - Impact of COVID-19 Pandemic
11. Industry Landscape
12. Company Profiles
- AT&T
- BCE
- China Mobile
- Deutsche Telekom
- KDDI Corp
- NTT Data Corp
- Orange
- Telefonica
- Telenor
- Vodafone
For more information about this report visit https://www.researchandmarkets.com/r/uz101c
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