The Asia-Pacific region (APAC) will account for the highest share of investments in the 40-45% range, followed by Europe, Middle East and Africa (30-35%); North America (18-23%); and the Caribbean and Latin America (5-10%).
“5G Core builds by the three legacy service providers for 5G Autonomous Networks (5G SA) in China continue to exceed our expectations,” said Dave Bolan, Research Director for the Mobile Core Networking Market, Dell’Oro Group.
Finnish telecommunications equipment maker Nokia won its first 5G radio contract in China on Monday, securing its stake in one of China Mobile’s 5G contracts. However, its Swedish rival, Ericsson, was given a 2% market share by China Mobile.
Chinese equipment maker Huawei received the largest share of the three network contracts, followed by ZTE, according to a document released by China Mobile.
China is among the leaders in the 5G race, and this year will also see the construction of an autonomous 5G network (SA) by the new communications service provider (CSP) China Broadcasting Network.
The market analysis company is further planning further 5G SA network deployments in the second half of 2021 in Australia, Germany, Japan, South Korea, Switzerland and the UK.
It expects AT&T and Verizon to begin their 5G SA networks in 20222 and 2023, respectively, with increasing geographic coverage throughout the forecast period.