At -26.1% CAGR, North America 2G & 3G Switch Off Market is Projected to be Worth US$ 73.73 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America 2G & 3G switch off market was valued at US$ 1,518.94 million in 2020 and is projected to reach US$ 73.73 million by 2030, registering a CAGR of -26.1% from 2020 to 2030. Emergence of 5G technology and private 5G networks are among the critical factors attributed to drive the North America 2G & 3G switch off market growth.

A private 5G network is a dedicated Local Area Network (LAN) that provides enterprise, industrial, and other customers with increased internet access. Next-generation network services are projected to satisfy the requirement for crucial wireless communication for public safety, industrial operations, and critical infrastructure connectivity as they evolve. Additionally, the global market is growing due to the increasing need for ultra-reliable, low-latency connections for applications based on the Industrial Internet of Things (IIoT), including robots, collaborative industrial cameras, industrial cameras, and industrial sensors.

Various prominent industrial incumbents, such as ABB Ltd., Siemens AG, and Mercedes-Benz AG, have significantly utilized sensor-based technologies and industrial robotics to achieve higher operational productivity and efficiency with the evolution of Industry 4.0. The private 5G network is important for delivering continuous and secure internet connectivity to the IIoT. Enterprise digitalization is also fueling the market growth. As businesses become more digitalized, they need faster, more reliable, and secure connectivity to support their operations. Furthermore, the demand for time-sensitive networking (TSN) and real-time-based networking is expanding rapidly across numerous industries, including transportation, manufacturing, oil & gas, and aerospace.

Furthermore, to stay competitive in the market, several market players are taking initiatives. For instance, in 2023, Nokia partnered with DXC technology to launch DXC signal private LTE and 5G solutions. Nokia and DXC Technology, one of the leading Fortune 500 global technology services companies, announced the availability of DXC Signal Private LTE and 5G, a managed secure private wireless network and digitalization platform solution that helps industrial enterprises digitally transform their operations. Therefore, the increasing adoption of IoT is creating a strong demand for private 5G networks.

On the contrary, prevalent use of 2G and 3G in some application areas hampers the growth of North America 2G & 3G switch off market.

Based on type, the North America 2G & 3G switch off market is bifurcated into 2G and 3G. The 3G segment held 88.5% market share in 2020, amassing US$ 1,343.90 million. It is projected to garner US$ 73.73 million by 2030 to register -25.2% CAGR during 2020-2030.

In terms of application, the North America 2G & 3G switch off market is segmented into message, voice, data, and IoT. The data segment held 49.3% share of North America 2G & 3G switch off market in 2020, amassing US$ 749.54 million. It is anticipated to garner US$ 43.68 million by 2030 to register -24.7% CAGR during 2020-2030.

Based on country, the North America 2G & 3G switch off market is categorized into the US, Canada, and Mexico. Our regional analysis states that Mexico captured 67.9% share of North America 2G & 3G switch off market in 2020. It was assessed at US$ 1,030.98 million in 2020 and is likely to hit US$ 73.73 million by 2030, registering a CAGR of -23.2% during 2020-2030.

Key players operating in the North America 2G & 3G switch off market are AT&T Inc, BCE Inc, Deutsche Telekom AG, KDDI Corp, NTT Data Corp, Orange SA, Telenor ASA, and Vodafone Group Plc, among others.

• 2022: AT&T shut down its 3G network in the United States on February 22, 2022. That means connected devices, including home alarms and medical alert equipment, stopped working after that date if they're not upgraded to a newer network.
  
  

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