5G Technology Market - Insights on Challenges & Opportunities by 2010 to 2026
The key players analyzed in the report include Ericsson, Huawei Technology, T-Mobile, Intel Corporation, Qualcomm Inc., Deutsche Telekom AG, Orange S.A., Nokia, Telecom Italia, and Telstra. These players have incorporated different strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to heighten their stand in the market.
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The global 5G technology market was estimated at $5.53 billion in 2020, and is expected to reach $667.79 billion by 2026, growing at a CAGR of 122.3% from 2020 to 2026.
Based on geography, the Asia-Pacific region held the major market share in 2020 and is anticipated to retain the lion's share by 2026. The same segment would register the fastest CAGR of 130.7% during the estimated period.
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Based on offering, the hardware segment accounted for more than half of the total market revenue in 2020 and is expected to maintain its top status till 2026. Simultaneously, the services segment would cite the fastest CAGR of 133.1% during 2020-2026.
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Based on connectivity, the EMBB segment contributed to more than three-fourths of the total market share in 2020 and is anticipated to dominate throughout 2020-2026. The MMTC segment, on the other hand, is projected to grow at the fastest CAGR of 145.1% by 2026.
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