The technology’s robust attributes meet the dynamic needs of the constantly evolving wireless communication landscape. In recent years, there has been significant developments in cellular technology owing to the increasing demand for ultra-fast data speeds with low latency rates. 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.
The data experts at Market Research Future Reports (MRFR) have thoroughly scrutinized the global 5G technology market with a prodigious CAGR of 70.83%, valuing more than USD 700 billion by the end of 2025. The unprecedented attribute of 5G is estimated to be the most essential factor provoking the expansion of the global 5G technology marker 2020.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2988
In September 2019, Qualcomm Technologies, an American multinational semiconductor and telecommunications equipment company, has announced the expansion of its portfolio of 5G mobile platforms to accelerate 5G global commercialization. The expansion is to be conducted across Snapdragon 6 Series, 7 Series and 8 Series in 2020.
In August 2019, Huawei Technologies Co., a Chinese multinational technology company, has announced the launch of its latest Mate 20 X (5G) handsets that support two different 5G networks – SA and NSA.
The global 5G technology market can be distinguished on the grounds of services, network technology, communication infrastructure, application, chipset type, and region.
On the basis of services, the global 5G technology market can be distinguished into Professional Services and Managed Services
On the basis of network technology, the global 5G technology market can be distinguished into Network Function, Software-Defined Networking (SDN), Virtualization (NFV), Fog Computing (FC), and Mobile Edge Computing (MEC).
On the basis of communication infrastructure, the global 5G technology market can be distinguished into macro cell, distributed antenna system (DAS), small cell, and radio access network (RAN).
On the grounds of application, the global 5G technology market can be distinguished into energy and utilities, automotive, healthcare, industrial automation, retail, consumer electronics and others.
On the basis of chipset type, the global 5G technology market can be distinguished into radio frequency integrated circuit (FRIC), application-specific integrated circuit (ASIC), field programmable gate array (FPGA), and millimeter wave technology chips.
On the basis of region, the global 5G technology market can be distinguished into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
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.
Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Verizon, Qualcomm Technologies Inc., MediaTek Inc., Samsung, China Mobile Limited., AT&T Inc., NTT DOCOMO, Inc., Cisco Systems, Inc., and Nokia are some of the major players of the global 5G technology market assessed in this MRFR study.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/5g-technology-market-2988
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.