5G Technology Market, By Usability, Technology 2018 | Industry Key Global Leaders: Qualcomm, Verizon Fios, Orange, Broadcom Corporation, Mobile TeleSystems, AT&T Inc.and Cisco Systems,

The Analysis presents the study of Global 5G Technology Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold.

5G Technology Market, By Usability (Enhanced Mobile Broadband, Massive Internet of Things), By Technology (Radio Access Technologies (RAT), Wi-Fi), By Application (Healthcare, Consumer Electronics, Retail) - Forecast 2023

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.

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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).

Market Scenario:
5G is the up-coming fifth-generation wireless broadband technology which is based on the IEEE 802.11ac standard. 5G connectivity is going to provide better speeds and coverage than other connectivity. The technology operates with a 5 GHz signal and offers a speed up to 1GB per second. The signal technology also provides better coverage and signaling efficiency. The 5G technology is expected to launch by 2020.

The factors contributing to the growth of the 5G technology are the shift toward new broadband technology, growing demand for high data speed, huge network coverage, and stable growth in the mobile data traffic, increasing demand for machine-to- machine communication in organizations and the increasing demand for broadband services over other mobile networks. The continuous demand from subscribers for better mobile broadband experiences is encouraging the growth of the 5G technology market. The market is expected to grow at a fast pace in 2020.

Regional Analysis

Among all regions, North-America holds the largest market share with countries such as the United States (U.S) part of the share. Increasing number of subscribers and progressing assessment of the allocation of 5G frequencies by the Federal Communications Commission has propelled the potential of market growth in this region. Also, increase in cellular M2M connections, high demand for on-demand video services, and high growth rate of autonomous cars augment the market growth in this region.
On the other hand, Asia-Pacific region is expected to grow steadily over the forecast period (2017-2023). The reason being large consumer base and ongoing initiatives and developments in 5G technology. 5G technology is flourishing due to local government support coupled with potential for immense demand for 5G services. This demand will be an incentive for the market growth in APAC region. For instance, Beijing (China) plans to deploy 5G on a large commercial scale by 2020, and China's top manufacturers strive to meet this timeline. Moreover, the Chinese government has also distributed a good portion of the necessary radio frequencies. Therefore China is benefiting from extensive coordination between government and the manufacturers, with regards to 5G technology market.

In the Europe region, proactive actions are being undertaken by public and private sectors in the field of 5G technology. For instance, to closely monitor the progress of the European 5G connectivity objectives for a competitive Digital Single Market (DSM), there are plans to establish the European 5G observatory by 2025.

Market Segmentation
The market for 5G technology is segmented into usability and application.
By usability, the market is segmented into enhanced mobile broadband, massive Internet of Things (IoT), and mission-critical services. 5G technology will support next-generation IoT services in automotive, industrial, and healthcare and many more sectors. Super speed, high energy efficiency, and pervasive connectivity provided by 5G technology will allow IoT deployments to expand and operate with greater efficiency.
The 5G technology market is segmented on the basis of technology, which is Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX). In GSM segment, 5G technology will transform the mobile broadband experience, and also help develop new security technologies. These factors will drive the demand for 5G technology in GSM market.

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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

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