Samsung, a global leader in technology and electronics, is aiming to increase its market share in the 5G segment. Samsung currently holds a 21% market share in the 5G segment. However, the company is determined to further strengthen its position and increase its share in this rapidly evolving market. Samsung is investing heavily in research and development to introduce cutting-edge 5G technologies and devices. By continuously innovating and improving its product offerings, Samsung aims to attract more customers and gain a competitive edge in the market.
Samsung India has set a target to grow its revenue from 5G models and expects 5G to contribute 75% of its shipments in the 2024 calendar year. The company aims to increase its value contribution to 5G handsets from 61% in 2022 to 75% in 2023. By focusing on the 5G segment, Samsung aims to capitalise on the increasing demand for 5G-enabled devices.
Samsung is actively collaborating with IT firms and mobile operators to drive the adoption of 5G technology. The company is working towards developing 5G Standalone networks, private 5G networks, and mission-critical networks in partnership with industry leaders. These collaborations aim to accelerate the deployment and utilisation of 5G technology across various sectors.
The 5G market presents significant growth opportunities for Samsung. As the demand for faster data speeds and higher bandwidth increases, Samsung’s expertise in chipsets, network solutions, and devices positions the company well to meet these demands. Additionally, partnerships with industry leaders and the availability of a diverse range of 5G devices further enhance Samsung’s potential for growth in this segment.
RTM Watch’s Take
Samsung’s ambitious goals to expand its share in the 5G segment align with the increasing demand for 5G technology worldwide. With its strong market presence, commitment to innovation, and strategic collaborations, Samsung is well-positioned to capitalise on the opportunities presented by the 5G market. By focusing on product development, revenue growth, and partnerships, Samsung can further solidify its position as a leading player in the 5G segment.
