The global 2G and 3G switch off market is expected to grow at a moderate CAGR during the forecast period (2021-2027). The major factors propelling the growth of the market include a rise in telecom density and rising spending on IoT equipment. Additionally, the cost-effective and easier availability of network equipment will boost the growth of the market. Moreover, the rising demand for high-speed connectivity and growing investments in building networks strengths will propel the growth of the market.
2G and 3G technology is being replaced by new innovative technology due to the rapid growth of wireless mobile communications. Modulation technique, protocol stack, technological architecture, and radiofrequency are all differences between the 2G and 3G technologies. Owing to the validation methods used during communication, 3G technology offers a higher level of security than 2G. However, the advent of 5G enabled devices are estimated to hinder the growth of the market.
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Key players contributing to the growth of the global 2G and 3G switch off market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships and collaborations include AT&T Inc., NTT Data Corp., Verizon Communications Inc., Telefonica S.A., Deutsche Telekom AG, among others.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered–
- By Technology
- By Application
- Competitive Landscape- AT&T Inc., NTT Data Corp., Verizon Communications Inc., Telefonica S.A., Deutsche Telekom AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global 2G and 3G Switch Off Market – Segmentation
By Technology
- 2G
- 3G
By Application
- Message
- Data
- Voice
- Video
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
