Press release
5G Technology Market By Major Players: AT&T, Alcatel-Lucent, Telefonica, Orange, Fraunhofer-Gesellschaft, Qualcomm, Huawei Technologies, Ericsson, Verizon Communications, Nokia Networks, Deutsche Telecom, NTT DoCoMo, Samsung
Global Market Insights
5G Technology Market to experience significant growth prospects in 2023. Surging adoption of internet-enabled devices across the globe is likely to drive industry growth over the forecast period. Persistently rising high speed and large network coverage demands from numerous industrial applications such as distant learning, autonomous driving, multi-user gaming and video conferencing, opera live streaming, telemedicine, and augmented reality is anticipated to fuel 5G technology market growth. Furthermore, it is likely to enhance mobile network performance capabilities and is projected to have a high contribution in establishing foundational infrastructure for smart city development.
This technology offers very high bandwidth for mobiles and advanced features for various smart devices. In addition, it is considered to be extremely endurable for WWWW (Wireless World Wide Web). It is likely to support millimeter wave, M2M/IoT (Internet of Things), multiple-input and multiple-output (MIMO) application as well as device-centric network architectures, along with spectrum sharing functionalities.
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Top Key Players: -
Industry participants accumulating significant 5G technology market share include AT&T, Alcatel-Lucent, Telefonica, Orange, etc. Other prominent companies are Fraunhofer-Gesellschaft, Qualcomm, Huawei Technologies, Ericsson, Verizon Communications, Nokia Networks, Deutsche Telecom, NTT DoCoMo, and Samsung Group.
Market share calculation in this report is not done based on companies covered in it. The calculation of 5G Technology Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
U.S. 5G technology market size is forecast to witness high growth rates over the forecast timeframe, mainly on account of increasing number of subscriptions. The Federal Communications Commission (FCC) has already begun an assessment of the allocation of 5G frequencies. Asia Pacific 5G technology market share is predicted to exhibit significant growth prospects over the forecast period. Countries such as India, China and Korea are expected to have major contribution owing to numerous ongoing initiatives and developments.
Various countries such as Japan are now planning to showcase this innovation throughout during the PyeongChang 2018 Winter Olympics as well as Tokyo 2020 Summer Olympics. This in turn is forecast to have substantial growth impact on 5G technology market size. For instance, in 2014, Ericsson entered into an agreement with SK Telecom Co. Ltd for joint research on these technologies in South Korea. Industry players are now focusing on introducing innovative technologies in order to gain competitive advantage.
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This technology offers internet speed between 10 Gbps and 100 Gbps and provides ultra low latency range from 1ms to 10ms when compared to 4G technology that offers low latency range from 40ms to 60ms. This enables users to live stream and watch sports matches and events over the internet and this can be achieved using steerable antennas with mmWave (Millimeter Wave) technologies.
The 5G technology market can be categorized into Wi-Fi, radio access technologies (RAT), HSPA (high speed package access), worldwide interoperability for microwave access (WiMAX), and GSM (global system for mobile). Based on application, it can be segregated into retail sector, government and utilities, healthcare sector, defense and military, individual users, and offices.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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