The Global Next generation Communication Devices market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 – 2022.
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Latest Report Available at Orbis research Next generation Communication Devices Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
Next Generation Communication technologies can also be referred as advanced communication technologies, as enterprises are manufacturing products which use these advanced technologies to make communication faster, effective and efficient.
Owing to the rapid advancement in communication technologies, communication pattern has evolved drastically from traditional telephonic services to more advanced wireless and wired services.
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This aggressive consumer adoption and increasing demand for more improved communication technologies will upsurge the market for new communication systems.
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Market is driven by the factors such as easier network expansion, situations where normal cabling is difficult and technological advancements such as Internet of Things, E-commerce and others. However, it is restrained by spectrum regulations and high infrastructural and development costs.
The global next generation communication market is segmented on the basis of technology, product and geography. On the basis technology the market is segmented into wireless and wired technology.
Wireless technology is further subdivided into technologies like 5G, 4G LTE, Wi-Fi 802.11ac. Wired technology is further subdivided into optical fibre and twisted wire communications.
Various products which use next generation technologies are Wi-Fi routers, smartphones, and others.
The next generation market is further segmented by various end user industries like automotive, military, healthcare, telecommunication, consumer electronics, security and surveillance and many others.
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On the basis of region the market is segmented into seven major regions namely North America, Europe, Asia Pacific, Others and Rest of the World.
Among all these regions the market is mainly dominated by North America and Europe owing to higher technological advancement and investments in infrastructure in communication technologies. However the Asia Pacific region is also expected to grow rapidly since the demand for the communication is expected to increase in the forecast period.
With the introduction of new and much faster and efficient communication technologies such as Wi-Fi 802.11ac, Bluetooth 4.2, 4G technologies, Wireless Sensor Network, Laser Communication Network. has fuelled the growth of next generation communication market.
Key players in global next generation communication market are AT&T Inc., Huawei Technologies Co. Ltd, Verizon Communication Inc. and others.
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Key Points Covered in Next Generation Communication Devices Market Report:
- Executive Summary
- Market Overview
- Next Generation Communication Technology Market Segmentation by Technology Market share, Forecast
- Next Generation Communication Technology Market Segmentation by Products – Market Forecast
- Next Generation Communication Technology Market Segmentation by Geography – Market Forecast
- Vendor Market Share
- Company Profiles of Next Generation Communication Market
- Investment Analysis
- Future Outlook of Next Generation Communication Devices Market
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