Global 5G Technology Market is expected to reach $667.90 billion by 2026, at a Compound Annual Growth Rate (CAGR) of more than 100.0% during the forecast period 2020-2026
The Global 5G Technology Market is expected to reach $667.90 billion by 2026, at a Compound Annual Growth Rate (CAGR) of more than 100.0% during the forecast period 2020-2026. The market is supported by growth factors such as rise in number of IoT devices and adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation.
However, challenges with small cell deployments and implementation of fiber backhaul will impoact the market growth.
5G is the next-generation cellular technology that offers high speed connectivity at lower latency. The technologies such as robotics, autonomous vehicle, and smart cities, offer lucrative opportunity for the 5G technology market.
Various telco operators in collaboration with equipment manufacturers are conducting trials across the globe.
Deutsche Telekom AG entered into an agreement with SK Telecom, to speed up the rollout of next generation mobile networks. This agreement is expected to develop 5G core technologies such as 5G ultra-low latency MPEG media transport (MMT), 5G repeaters and in-building solutions and the multipath user datagram protocol (UDP) in June 2019.
Further, in May 2019, Ericsson entered into a partnership with SoftBank, to deploy multi-band 5G network in Japan. In this partnership, Ericsson will provide SoftBank with radio access network equipment, which will enable SoftBank to launch 5G services on their newly granted 3.9-4.0 GHz and 29.1-29.5 GHz bands for 5G New Radio (NR).
To get a clear picture of the market growth and understand the market dynamics in detail, the Global 5G Technology market is segmented into various sub-groups, that covers all the major matrix of the market. The market segmentations are:
- Enhanced mobile broadband (eMBB)
- Ultra-reliable low latency communication (URLLC)
- Massive machine type communication (mMTC)
- Connected vehicles
- Monitoring & tracking
- Smart surveillance
- VR & AR
- Enhanced video services
By End User
- Energy & Utilities
- Transportation & Logistics
- Media & Entertainment
DOWNLOAD FREE SAMPLE COPY @ www.reportocean.com/industr…t_id=AMR51
Geographically, the Global 5G Technology market research report is segmented into several regions. The regions were studied in detail on the basis of production, consumption, market share, revenue, and growth rate during the forecast period 2019-2025, the segmented regions are as follows:
- North America
- Latin Amaerica
Asia-Pacific would be the highest contributor to the global market, with $2.20 billion in 2020, and is estimated to reach $329.09 billion by 2026
The market research report also include calculation of market share captured by major players present in the market along with company profiling of the key market players in the report, some of the major market players are:
- Deutsche Telekom AGEricsson
- Huawei Technology
- Orange S.A.
- Qualcomm Inc.
- Telecom Italia
- Telstra, T-Mobile
- Intel Corporation
In the global 5G Technology market , the players adopt various market strategies to stay ahead in the market competition and withhold the market position for long-term. Some of the market strategies are:
- Joint Venture
- Product Launch
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global 5G technology market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2020 to 2026 to highlight the financial competency of the industry.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
For more info @ www.reportocean.com/industr…t_id=AMR51
Category: Market Research Publishers and RetailersCompany about: We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports. We have collaboration with many top publishers who have expertise in providing: Robust, detailed ...