1. Competition in the industry
As stated by Hiter (2022) there are different types of 5G network providers such as cellular
service providers, 5G infrastructure providers, and 5G hardware providers. Current cellular
service providers are AT&T, T-Mobile, and Verizon. Cellular service providers are meant for
public and enterprise users to be utilize 5G services on their mobile devices. 5G infrastructure
providers such as Ericsson and Nokia Provide 5G network to equipment such as base stations
and edge nodes and other major pieces of provider managed equipment so that 5G services are
able to work. 5G hardware providers are providers such as Intel and Qualcomm, which provide
5G services equipment that utilizes 5G capability within processor chips and semiconductors as
stated by Hiter (2022).
2. Potential of new entrants into the industry
Potential of new entrants into the industry determined by the type of suitability criteria that needs
to be met by location. Miladić-Tešić et al., (2021) States that optical technologies suitability
needs to be met for the 5G wireless demands within smart cities. Smart cities are cities that have
designated the type of architecture and innovation development that can sustain 5G network
developed through researched communication architecture (Miladić-Tešić et al., 2021). We have
learned that 5G is a generational network innovation, potential for new entrants in the industry is
highly determined by the location and innovative technologies that surround areas within reach
of service providers. Updated technology is needed for new entrants to potentially penetrate the
market.
3. Power of suppliers
Suppliers are at an advantage within the 5G networking market. 5G network features are aimed
to provide consumers with up-to-date network accessibility. As stated by Hiter (2022)
5G features advantages that far outweigh the disadvantages. 5G features consist of faster speeds
than previous generations, reduced latency, and requires less operational bandwidth than
previous generation network technology. Accessibility would be considered a disadvantage due
to the fact that 5G vendors our only currently able to provide services to some urban settings
such as private enterprise setups due to the lack of expanded connectivity from undeveloped
technology within global and rural areas as stated by Hiter (2022)
4. Power of customers
The power of customers within 5G industry would come down to options. Customers have the
option to update to this new service if it is accessible within their range and or geographical
location. As previously mentioned 5G is currently not available globally due to the
developmental and technological accessibility within underdeveloped cities, however there is an
option for consumers within range to access 5G network. 5G network greatly benefit populations
that utilize network for professional environments such as corporations, private environments
such as gaming and recreational use, and educational settings would also greatly benefit from 5G
network access.
5. Threat of substitute products
There is a threat of substitute products as new and emerging technology develops. As stated by
What is 5g: Everything you need to know About 5G: 5G FAQ (2022) 5G is the 5th generation
mobile network. 5G is the new segment of continuity within a lobal wireless standard of
network. What is 5g: Everything you need to know About 5G: 5G FAQ (2022) stated that 5G
wireless technology is meant to provide higher multi-Gbps peak data speeds with ultra-low
latency. 5G, as stated by What is 5g: Everything you need to know About 5G: 5G FAQ (2022) is
also to be more reliable, have massive network capacity, increase availability, and provide a
more unvarying user experience consumers that utilize the network.
Conclusion
Additionally, we were able to identify competition in the industry, potential of new entrants,
power of suppliers, power of customers and potential threats of substitution within the 5G mobile
network segment. Potential for new entrants and potential threats of substitution were solely
determined by technology accessibility and development. The power of customers lied within
accessibility as well as the need for faster and innovative technology. We were able to identify
that the competition in the industry the power of suppliers was great due to the had greater
advantages due to the up-to-date network technology.
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