Press release
5G Technology Market Forecasts By Top Players: Qualcomm, Huawei Technologies, Ericsson, Verizon, Nokia, Deutsche Telekom, NTT DoCoMo, Samsung Electronics, AT&T, Alcatel-Lucent Enterprise, Telefónica, Orange, Fraunhofer-Gesellschaft
Global Market Insights, Inc.
Global 5G Technology Market is projected to experience significant growth prospects from 2016 to 2023. Surging adoption of internet enabled devices across the globe is likely to drive industry growth over the forecast period.
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Persistently rising high speed and large network coverage demands from numerous industry 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 high contribution in establishing foundational infrastructure for smart city development.
Key Players in 5G Technology Market:
1. Qualcomm
2. Huawei Technologies
3. Ericsson
4. Verizon
5. Nokia
6. Deutsche Telekom
7. NTT DoCoMo
8. Samsung Electronics
9. AT&T
10. Alcatel-Lucent Enterprise
11. Telefónica
12. Orange
13. Fraunhofer-Gesellschaft
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Surging adoption of mobile broadband as well as growing machine-to-machine communication in organizations is expected to fuel the global 5G technology market size over the forecast period. Superior data transfer rates accompanied by less power consumption when compared to its predecessors is projected to positively impact demand from 2016 to 2023.
Rapid growing demand for high internet speed in order to get real time response is anticipated to be one of the key driving factors for 5G technology market growth over the next seven years. Its interdependence on various other technologies such as millimeter wave propagation, as well as IPv6 transmission protocol may pose a challenge to demand growth over the forecast timeframe.
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.
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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. 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.
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.
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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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Corporate Sales, USA
Global Market Insights, Inc.
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