5G Technology Market Growth Opportunities & Current Industry Status | Industry Analysis by Leading Players: Verizon Fios, Orange, Cisco Systems, AT&T, Ericsson, Broadcom Corporation

Market Highlights:

The global 5G technology market is expected to be highly competitive owing to the presence of a large number of small and big domestic and global players who are marking their presence in the 5G technology market. Rapid advancements in technology in the field of sensors and semiconductors are all expected to drive the growth of 5G technology market. Steep increase in the development of 5G infrastructure is another major factor contributing to the growth of 5G technology market.

Increasing demand for high speed data transmission is one major factor which is responsible for the growth of 5G technology market. Also, increased proliferation of mobile and connected devices across a number of industry verticals is another major factor driving the growth of 5G technology market. According to a recent study report published by Market Research Future, the global market of 5G technology is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).

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Major Key Players

Qualcomm (U.S.),
Intel (U.S.),
T-Mobile (U.S.),
Verizon (U.S.),
KT (South Korea),
SK Telecom (South Korea),
LG Uplus (South Korea),
NTT DOCOMO (Japan),
KDDI (Japan),
MTS (Russia),
Telstra (Australia), TeliaSonera (Sweden), Telefónica (Spain), Vodafone Group (U.K.), Singtel (Singapore), China Unicom (China), and Deutsche Telekom (Germany) among other are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global 5G Technology Market.

Other players in the market include China Mobile (China), Korea Telecom (South Korea), Nokia Networks (Finland), Samsung (South Korea), Turkcell (Turkey), SoftBank (Japan), NEC Corporation (Japan), Huawei (China), Verizon (U.S.), AT&T (U.S.), T-Mobile USA, Inc., LG (South Korea), and China Mobile (China).

The global 5G Technology Market is expected to reach approximately USD 73 million by the end of 2023 with 21% CAGR during forecast period 2017-2023.

Regional Analysis
On the basis of region, North America is expected to gain the most promising returns in the 5G technology market. U.S and Canada are expected to drive the growth of the 5G technology market in North America owing to the presence of a large number of established key players and increasing demand for high speed data connectivity across different industry verticals. 5G technology market in Asia Pacific is expected to drive the growth of 5G technology market and Japan is expected to show most promising returns among other countries. This is owing to growing urbanization and increasing investments in the research and development sector in China, Japan, and India in the region.

Segmentation
The 5G technology market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
Segmentation by Usability: Comprises Enhanced Mobile Broadband, Massive Internet of Things and Mission Critical Services.
Segmentation by Technology: Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX).
Segmentation by Application: Healthcare, Consumer Electronics, Retail, Home Automation, Energy & Utility, Automotive, Industrial Automation, Intelligent Buildings and Infrastructure, and Public Safety & Surveillance.
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World.

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Intended Audience:
• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Email: sales@marketresearchfuture.com

This release was published on openPR.