Press release
5G Technology Market Size Worth $ 15,570.83 Million By 2026 | CAGR: 60%
The global 5G Technology market size is expected to reach USD 15,570.83 million by 2026 according to a new study by WhipSmart MI Research. The report “5G Technology Market by communication infrastructure, core network technology, application and By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.Get the report details on the below link -
https://whipsmartmi.com/report/5g-technology-market/
The unique COVID impact assessor from WhipSmart MI takes inputs such as economic growth forecasts, industry outlooks, analyses churned out by various global agencies such as IMF, World Bank, OECD along with covid indicators such as infection rates, death rates, vaccine news to assess how the growth rate for markets will change over the next two years – 2020 & 2021. These dashboards are updated every quarter and are available for 4000+ markets.
Growing media and entertainment industry owing to development in telecommunication industry and changing lifestyles will support the 5G technology market growth. Necessity for high-speed communication network in the media and entertainment industry will enhanced the market size in forecast period. Development of new media & entertainment services that require high network capabilities due to huge data content will stimulate the product demand.
Internet of things market or the connected devices are anticipated to be among major potential application area for the 5G technology market. Expanding internet of things market globally will support the 5G technology market growth. In addition, increasing dependencies on advanced technologies such as 5G network among the IoT applications will foster the product development.
In the global 5G Technology market, North America dominated the marketplace for 5G Technology in 2018. Factors like Countries such as the U.S, are expected to contribute substantially to the overall North American demand over the forecast period. In the country, 5G providers such as Starry, C Spire, and Verizon already provide services at some fixed locations and in the near future are likely to expand their services to cover maximum geographical area.
The key players in the market Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart MI Market research has segmented the 5G Technology market report on the basis of communication infrastructure, core network technology, application and region
5G Technology Communication Infrastructure Outlook (Revenue, USD Million, 2019 – 2026)
Small Cell
Macro Cell
Radio Access Network (RAN)
5G Technology Core Network Technology Outlook (Revenue, USD Million, 2019 – 2026)
SDN
NFV
MEC
FC
5G Technology Application Outlook (Revenue, USD Million, 2019 – 2026)
Automotive
Energy & Utilities
Healthcare
Retail
Intelligent Buildings & Infrastructures
Industrial Automation
Consumer Electronics
Home Automation
Public Safety & Surveillance
5G Technology Regional Outlook (Revenue, USD Million, 2019 – 2026)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
Korea
Latin America
Mexico
Brazil
Colombia
Middle East & Africa
Saudi Arabia
Israel
Contact:
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sales@whipsmartmi.com
About Whipsmart MI:
Whipsmart MI provides fact based consulting services in the B2B and B2C domains to help assess complex VUCA developments and provide strategic intelligence to achieve transformational growth by identifying niche high growth opportunities. We facilitate the growth journey through a unique approach using a multitude of inputs to assess changes in the marketplace, disruptive trends, technologies, whitespaces and adjacencies across industries that will eventually impact respective industry domains.
WhipSmart Market Bytes is the most affordable market and competitive intelligence platform with accurate comprehensive coverage and quarterly updates, an indispensable market and strategy planning asset in a world of constant flux.
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