Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger futureResearch Report on 5G Technology Market Size, Share, Trends, Growth Rates, Competitive Analysis and Forecasts, 2016 – 2024
The Global 5G Technology Market is expected to witness significant growth over from 2016 to 2024 (forecast period). Rising worldwide adoption of internet-enabled devices will drive the industry. Mobile service providers believe that 5G services will be rolled out by 2020 to meet customer and business demands.
Surging demand for extensive network coverage and high speed internet from various industry applications will propel market growth. These include autonomous driving, distant learning, video conferencing & multi-user gaming, telemedicine, and opera live streaming. 5G technology will improve mobile network performance capabilities to a marked extent. It can also play a key role in establishing foundational infrastructure.
Furthermore, increasing mobile broadband adoption and machine-to-machine communication in companies will fuel industry growth. High rates of data transfer along with low power consumption will also exhibit a positive impact.
Browse Details of Report @
https://www.hexaresearch.com/research-report/5g-technology-market
Furthermore, increasing mobile broadband adoption and machine-to-machine communication in companies will fuel industry growth. High rates of data transfer along with low power consumption will also exhibit a positive impact.
Popularity of high-speed internet for enhanced real-time response will propel the global 5G technology industry in the years to come. However, the dependence of this technology on other technologies, such as millimeter wave propagation and IPv6 transmission protocol could restrict market performance.
The global industry is categorized on the basis of technologies, applications, and regions. The technology segment comprises Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX). Applications include healthcare, government & utilities, retail, individual users, offices, and defense & military. Owing to high investments in research & development, the application segment is led by government & utilities.
Key players in the 5G technology market are Verizon Communications Inc. (U. S.); Nokia Networks (Finland); Samsung Group (South Korea); AT&T Inc. (U. S.); The Fraunhofer Society (Fraunhofer-Gesellschaft); NTT DoCoMo Inc.; Qualcomm Inc. (U. S.); Alcatel-Lucent S. A.; Huawei Technologies Co. Ltd. (China); and Telefónica S. A. In 2014, Ericsson signed a deal with SK Telecom Co. Ltd. for 5G technology research and development. With a view towards ensuring a strong standardized network, various public bodies such as the Institute of Electrical and Electronics Engineers, the ITU, 3GPP, and a few universities have been adding value to the 5G technology industry
Browse Related Reports:
https://www.hexaresearch.com/research-category/communication-services-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
More Information Visit @ www.hexaresearch.com
Media Contact
Company Name: Hexa Research
Contact Person: Ryan Shaw
Email: Send Email
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California 95018
Country: United States
Website: www.hexaresearch.com/research-report/5g-technology-market
Source: www.abnewswire.com
