5G Technology Market Update: Exceeding Expectations of Key Players That Shows Promising Future | AT&T, Alcatel-Lucent, Telefonica, Orange

As high speed internet and data connectivity becomes one of the most important entity, deemed as necessary for the survival of toady’s digitally advanced workplaces as food for the survival of living beings, research activities focused on the development of next-level wireless broadband technology are becoming more intense and wide-ranging. With 3G having become the de-facto wireless broadband technology and 4G rapidly expanding its horizons across numerous applications and regional markets, the focus has naturally shifted on the development of the 5G technology - the next face of development across the highly dynamic broadband industry.

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 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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5G technology is estimated to provide various key benefits to the users including lower latency and faster speeds. 5G is expected to offer speeds up to 10Gb/s and will reduce latency times to 1 millisecond or less. 5G will provide greater capacity and will be able to tackle with data intensive applications. 5G communication will be ultra-reliable with no connection-loss and will be very useful for critical applications in healthcare and other industries.

On the other hand, integration of 5G services with satellite communication and increase in strategic partnerships with system integrators in developing economies provide lucrative growth opportunities for the 5G technology market. The major drivers for 5G technology market include rise in number of IoT devices and adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation. 5G technologies are expected to help deliver unmatched data speeds while improving the overall user experience and dramatically improving real-time data processing capabilities in IoT devices. Edge computing can help streaming services improve network performance by caching popular content closer to end users in edge data centers.

Market Segmentation:

The report segments the global 5G technology market on the basis of technology into categories such as Wi-Fi, HSPA (high speed package access), RAT (radio access technologies), GSM (global system for mobile), and WiMAX (worldwide interoperability for microwave access). On the basis of geography, the market across regional markets such as Europe, North America, Asia Pacific, Latin America, Middle East, and Africa is analyzed. Of the key countries examined for the 5G market under these regional markets, the 5G technology is expected to gain the most promising returns in the U.S. and Japan. The Federal Communications Commission (FCC) in the U.S. has also begin to assess the allocation of frequencies to 5G networks. Countries such as Korea and China have also begun experiments involving the actual application of 5G across numerous areas.

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.

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