Market Highlights
Market Research Future (MRFR) in its latest study finds that the global 5G technology market will increase at a CAGR of 70.83% between 2020 and 2025. Going by the projection, the market is likely to reach a valuation of USD 729.97 Bn. 5G technology is anticipated to replace existing wireless technologies in the forthcoming years.
Drivers and constraints
Also Read: https://teletype.in/@ehtesham/rdnY0bABi
The positive impact on this sector is the transition to modern digital technologies, massive network coverage, increased demand for fast data rates and steady growth in mobile data traffic, increased demand for machine-to-machine connectivity in enterprises and increased demand for broadband services in other mobile networks.
Additionally, subscribers' continued demand for better mobile broadband experiences can stimulate the growth of the market for 5G technology. Booming mobile broadband adoption as well as increasing machine-to-machine connectivity in organizations is presumed to fuel the global market size of 5 G technology in the coming years. Numerous features offered by this technology are high resolution, quick action monitoring tools, accurate traffic statistics and supporting nearly 65,000 connections. Surely, these features will boost the appeal of 5 G technology and will help drive market development.
Segmentation:
Also Read: https://www.techsite.io/p/1894731
By Services, the market has been segmented into Professional Services and Managed Services. The professional services segment is likely to observe a substantial growth over the review period.
By Network Technology, the market has been segmented into Network Function, Virtualization (NFV), Mobile Edge Computing (MEC) Software-Defined Networking (SDN), and Fog Computing (FC). The network function virtualization segment is slated to remain highly attractive over the assessment period.
By Chipset Type, the market has been segmented into Radio Frequency Integrated Circuit (FRIC), Application-Specific Integrated Circuit (ASIC), Millimeter Wave Technology Chips, and Field Programmable Gate Array (FPGA). The ASIC segment is projected to uphold its leading position over the forecast period.
By Application, the market has been segmented into Retail, Automotive, Energy and Utilities, Healthcare, Consumer Electronics, Industrial Automation, and others. The consumer electronics segment is poised to hold its leading position by 2025. The segment is expected to experience a CAGR of 119.80% over the forecast period.
Regional study
Based on region, the 5G technology market has been segmented into Europe, Asia Pacific (APAC), North America and Rest of the World (RoW). North America is expected to remain the most attractive market for 5G technology during the assessment period. The U.S., Canada and Mexico are likely to present lucrative opportunities to market players. The U.S. leads the pecking order. In addition, the 5G market in the U.S. is expected to post a CAGR of 72% during the assessment period. For years, the U.S. has been at the forefront of telecommunication technology and the trend is likely to continue at least for the medium term if not beyond. 5G enabled consumer electronics are witnessing a strong demand across country, which indicates towards tremendous market prospects for the technology in the future. Asia Pacific is also viewed as an important market for 5G technology. 3G market in APAC is projected to increase at 74.60% during the assessment period. p
Competitive Analysis
The major market players operating in the global 5G technology market as identified by MRFR are Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon, Huawei Technologies Co. Ltd., Samsung, MediaTek Inc., Qualcomm Technologies Inc., AT&T Inc., China Mobile Limited., NTT DOCOMO, Inc., and Nokia.
According to Stratistics MRC, the Global 5G Technology Market is accounted for $33.67 billion in 2017 and is expected to reach $3482.89 billion by 2026 growing at a CAGR of 67.44% during the forecast period.
Some of the key factors influencing the market growth include Rapid growing demand for high internet speed in order to get real time response, increasing demand for broadband services over mobile networks.
However, lack of skilled engineers to install and maintain the 5G network is restricting the market growth.5G technology is projected to have a massive impact on next-gen infrastructures.
The technology operates with a 5 GHz signal and offers a speed up to 1GB per second.Based on the communication infrastructure, small cells are expected to grow at a significant market share during the forecast period.
Small cells are low-powered portable base stations that can be placed throughout cities.
Small cells’ low-profile antennas make them unobtrusive, but their sheer numbers make them difficult to set up in rural areas.Request for Report sample 5G Technology Market : https://www.trendsmarketresearch.com/report/sample/11358By Geography, North America is likely to remain at the forefront for 5G technology adoption during the forecast period.
Market HighlightsMarket Research Future (MRFR) in its latest study finds that the global 5G technology market will increase at a CAGR of 70.83% between 2020 and 2025.
5G technology is anticipated to replace existing wireless technologies in the forthcoming years.
The technology’s robust attributes meet the dynamic needs of the constantly evolving wireless communication landscape.
The emergence of the fifth-generation network technology has allowed integration of technologies such as augmented and virtual reality for 3D and ultra-high definition videos and haptic feedback applications.
Such developments necessitate high-speed connectivity, which creates market opportunities for 5G technology.
Moreover, the growing demand for mobile broadband services and the growing application of IoT across industry verticals is also expected to have a positive impact on the market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2988Major Key playersTelefonaktiebolaget LM EricssonVerizonHuawei Technologies Co. Ltd.Qualcomm Technologies Inc.SamsungMediaTek Inc.China Mobile Limited.Cisco Systems, Inc.AT Inc.NTT DOCOMO, Inc.Segmentation:MRFR’s study includes a thorough segmental analysis of the market based on communication infrastructure, service, network technology, chipset type, application, and region.
The Global 5G Technology Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global 5G Technology Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10291-5g-technology-market-reportThe report also covers the complete competitive landscape of the global 5G Technology market with company profiles of key players such as:Cisco Systems, Inc.Nokia CorporationSamsung Electronics Co., Ltd.EricssonQualcomm Inc.Huawei Investment & Holding Co., Ltd.Intel CorporationVerizon Communications Inc.T-Mobile USA, Inc.AT Inc.KT Corp.SK Telecom Co., Ltd.LG Electronics, Inc.China Mobile LimitedNEC CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:AutomotiveVehicle-To-Vehicle (V2V)Vehicle-To-Infrastructure (V2I)Vehicle-To-Pedestrian (V2P)Vehicle-To-Network (V2N)Advanced Driver Assistance Systems (ADAS)Road Safety and Traffic EfficiencyDigital LogisticsIntelligent NavigationEnergy and UtilitySmart GridConnected LogisticsConnected PipelinesMobile Workforce ManagementAsset ManagementPhysical SecurityHealthcareConnected HealthMhealthTelemedicineRetailSupply Chain ManagementField Force TrackingRemote MonitoringField Force Productivity and AutomationEnd Consumer Retail AutomationIntelligent Buildings and InfrastructureParking ManagementFacility Management and Energy OptimizationIndustrial AutomationMachine-Type Communication (MTC)Remote MachineryImpact of IoTConsumer ElectronicsSmart TVS and Smart TV ConsolesSmart AppliancesWearable DevicesHome AutomationLighting ControlSecurity and Access ControlHVAC ConttrolEntertainment and Other ControlsPublic Safety and SurveillanceSurveillance SystemsC2/C4ISR SystemEmergency and Disaster ManagementPublic Address and General AlarmBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global 5G Technology Market @ https://www.decisiondatabases.com/contact/download-sample-10291The Global 5G Technology Market has been exhibited in detail in the following chapters –Chapter 1 5G Technology Market PrefaceChapter 2 Executive SummaryChapter 3 5G Technology Industry AnalysisChapter 4 5G Technology Market Value Chain AnalysisChapter 5 5G Technology Market Analysis By ApplicationsChapter 6 5G Technology Market Analysis By GeographyChapter 7 Competitive Landscape Of 5G Technology CompaniesChapter 8 Company Profiles Of 5G Technology IndustryPurchase the complete Global 5G Technology Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10291Other Reports by DecisionDatabases.com:Global 5G Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global 5G Wireless Ecosystem Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
