Press release
5G Technology Market, Impact of COVID-19, By Components, Companies, Global Forecast by 2027 - Renub Research
As per this research report, the Worldwide 5G Industry is expected to grow with a massive CAGR of 58.70% from 2020-2026.
In addition, the driving components that are critical for the success of 5G technologies are hardware, software and services coupled with advancements in 5G technology. By Connectivity, the multiple wireless connectivity features are broadly classified into eMBB, FWA, mMTC and uRLLC. The eMBB attributes to the primary focus by 5G network operatives on remitting enhanced broadband capacities for high-speed cloud-based gaming, AR/VR, UHD video, and constant video calls. The eMBB is providing exceptionally high data speeds for consumers and industries.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=5g-technology-market-p.php
Besides, mMTC envisages catering to the growing need for a developed digital ecosystem. The mMTC focuses on providing high connection density applications, such as smart buildings and smart cities. The ever increasing demand to guarantee continuous connectivity for all the IoT devices deployed in a network is envisioned to contribute to the growth of the mMTC segment over the forecast period. As per this research report, the Worldwide 5G Technology Industry is expected to grow with a massive CAGR of 58.70% from 2020-2026.
By Application:
The 5G technology is estimated to provide various vital benefits to numerous sectors like IT & telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defence, Healthcare, Government & Public Safety and BFSI. The IT & telecom inculcates significant investments by key players in the latest technologies for communication. 5G services are awaited to deliver ubiquitous broadband access between homes and offices, encouraging remote consultation with specialists and reducing business travel. Moreover, key application, such as healthcare, is expected to see a significant enactment of the 5G services to render enhanced telemedicine and healthcare emergency services during and post-pandemic. According to our analysis, the Global 5G Technology Market Size was US$ 4.10 Billion in 2020.
Regional Analysis of 5G Technology Market
In the past few years, by region numerous countries like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are leading research conducted to commercialize 5G technology. The continuous developments in the network infrastructure in these countries and the growing need for faster data transfer and high-performance network equipment are some of the key factors driving the growth of the 5G markets further.
Moreover, the infrastructural extension in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the broadening deployment of 5G networks proffer tremendous opportunities to implement the 5G services. China Telecom, China Mobile, SK Telecom, and KT Corporation are the key market players in APAC investing aggressively in rolling out the 5G network infrastructure in China, Japan, and South Korea. Due to a massive mobile subscriber base, enterprises in this region are becoming more competitive and focusing on offering better customer service.
The global market is profoundly fragmented as several regional telecom service providers spend in extending the next-generation infrastructure. The investment will help companies to obtain a vast customer base in the market. In addition, these market players are strategically focusing on mergers and acquisitions to strengthen their foothold in the global market. The prime players profiled in the market are Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd. and Samsung Electronics Co., Ltd.
COVID-19 Analysis of 5G Technology Industry
The pandemic has paused the progression of the 5G foundation in numerous countries. The steps taken to restrict the spread of the disease have affected the timing of the 5G infrastructure standard finalization. For instance, the Department of Telecommunication of India has deferred its spectrum auction for the year 2021. This evolution has unfavorably affected numerous vendors and telecommunication operators present in the business.
Few vendors are converging on an intrusive 5G rollout plan in the year 2021, owing to the inclinations of 5G to serve various sectors during this crisis. In the healthcare sector, a 5G intelligent robot can assist healthcare in conducting remote treatment. For instance, in China, Wuhan, several hospitals use a 5G network to accommodate real-time aid to patients in inaccessible areas. Consequently, 5G has immense potential to support during crises. However, the delay in the 5G deployment is limiting its use. The 5G market globally is expected to gain exponential growth post the pandemic.
Renub Research latest report “5G Technology Market, Global Forecast, by Components (Hardware, Software, Services), Connectivity (eMBB, FWA, mMTC, uRLLC), Application (IT & Telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defense, Healthcare, Government & Public Safety, BFSI, Others), End-User (Enterprises, Consumers), Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), Connection by Region (North America, Western Europe, Asia-Pacific Developed, China, Rest of the World) Company Analysis (Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd.)” provides complete details on Global 5G Industry.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/5g-technology-market-p.php
Components - 5G market has been covered from 3 viewpoints:
1. Hardware
2. Software
3. Services
Connectivity - 5G market has been covered from 4 viewpoints:
1. eMBB
2. FWA
3. mMTC
4. uRLLC
Application - 5G market has been covered from 10 viewpoints:
1. IT & Telecom
2. Energy & Utility
3. Manufacturing
4. Media & Entertainment
5. Transportation & Logistics
6. Aerospace & Defense
7. Healthcare
8. Government & Public Safety
9. BFSI
10. Others
End-User - 5G market has been covered from 2 viewpoints:
1. Enterprises
2. Consumers
Region - 5G market has been covered from 5 viewpoints:
1. North America
2. Latin America
3. Europe
4. Asia Pacific
5. Middle East & Africa
Connection by Region - 5G Numbers has been covered from 5 viewpoints:
1. North America
2. Western Europe
3. Asia-Pacific Developed
4. China
5. Rest of the World (Undeveloped Asia-Pacific, MEA)
Company Insights:
1. Overview
2. Recent Development
3. Financial Insight
Companies Covered:
1. Qualcomm Technologies, Inc.
2. Verizon Communications Inc.
3. Telefonaktiebolaget LM Ericsson
4. Huawei Technologies Co., Ltd.
5. Samsung Electronics Co., Ltd.
Industry Related Reports:
Global Li-Fi Market: https://bit.ly/3o4HF7P
Wireless Router Market: https://bit.ly/3AuMuul
India Payment Market: https://bit.ly/3EHbm4D
United Kingdom E-Commerce Payment Market: https://bit.ly/3nYLnQ1
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers, and executives to make informed and correct decisions.
Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.
Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Roswell, GA 30076
5G Technology Market is expected to reach US$ 65.49 Billion by 2026. Global Forecast, Impact of COVID-19, Industry Trends, by Components, Connectivity, Growth, Opportunity Company Analysis.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 5G Technology Market, Impact of COVID-19, By Components, Companies, Global Forecast by 2027 - Renub Research here
News-ID: 2403401 • Views: …
More Releases from Renub Research
Lung Cancer Diagnostics Market, Size, Global Forecast, Industry Trends, Share, G …
Global lung cancer diagnostics market is projected to attain about US$ 30.84 billion through 2030, as per Renub Research
Lung cancers consequences from uncontrolled cell growth, forming loads referred to as tumors. Typically originating from the lining cells of the airlines (bronchi and bronchioles), it is frequently referred to as bronchogenic cancers or carcinoma. Cigarette smoking is the primary cause, contributing to approximately 90% of instances, at the same time…
Industrial Enzymes Market Surges Towards US$ 10.10 Billion by 2030, Indicates Ma …
Global Industrial Enzymes Market size is projected to be priced at around US$ 10.10 billion by 2030, according to Renub Research. Enzymes are proteins that catalyze chemical reactions. As such, enzymes have been widely used to facilitate industrial processes and the production of products, and these enzymes are referred to as industrial enzymes. Although it dates back to ancient times when enzymes were used in baking, brewing, cheese making, etc.,…
Global Cosmetics Market: Explosive Growth Anticipated with 532% CAGR Forecast fr …
Renub Research predicts the cosmetics market will reach US$ 498.05 Billion by 2032. The cosmetics enterprise has grown to be an important a part of human beings' daily lifestyles, and social media advertising has end up a widespread strategy for diverse organizations within the market to growth buyer attain. The rise in internet penetration and social media customers presents a possibility for cosmetics organizations to promote their services and products…
Autoimmune Disease Diagnostics Market Hits US$5.32 Billion in 2023, Anticipated …
Global Autoimmune Disease Diagnostics market is projected to be valued at around US$ 8.64 Billion by 2030, as per Renub Research. Autoimmune disease diagnostics normally contain a combination of blood markers, specific signs, and sometimes a tissue biopsy. Autoimmune disorders broaden whilst the immune device attacks its cells due to abnormalities. The failure to detect immune cells, tissues, & organs and produce autoantibodies targeting these cells reasons the immune system…
More Releases for Technology
Insurance Technology Market Outlook 2021 | TIA Technology, Patriot Technology So …
Insurance Technology Market has recently added by Qurate Research to its vast repository. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. Report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report is integrated with imperative insights on the market, which will support the clients to make precise business decisions. The report incorporates data regarding the…
Global Insurance Technology Market 2019 – Top Companies Xchanging, Insurance T …
"Insurance Technology or Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech.”
Global Insurance Technology Market Research Report is a valuable source of insightful data for business strategists. Provides industry Overviews, including Growth Analysis, Past & Future Costs, Revenue, Demand and Supply Data (where…
Insurance Technology Market Analysis By Major Players | Xchanging, Insurance Tec …
The global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and…
Insurance Technology Market – Major Technology Giants in Buzz Again | TIA Tech …
Global Insurance Technology Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Insurance Technology Market. Some of the key players profiled in the study are Xchanging, Insurance Technology…
Global Insurance Technology Market 2018-2025 Health and Life Insurance By Xchang …
In 2017, the global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges,…
Ultrasonic Technologies Market by Technology (Motor/actuator technology, medical …
The global ultrasonic technologies market provides alteration of processes with the use of oscillating sound of very high frequency. It is expected that the market would grow at a respectable rate as the technology is being widely adopted. Various verticals such as industrial units and healthcare are using ultrasound as it is considered a highly efficient technology. In the healthcare sector, it is used for diagnosis and treatment by minimal…
