Press release
mmWave 5G Market 2023: By Technology, Application, Global Analysis And Forecast To 2032
mmWave 5G Market
The Business Research Company's MmWave 5G Global Market Report 2023 identifies Rapid digitalization of enterprises as the major driver for the mmWave 5G market's growth in the forecast period. Businesses are transforming their processes to improve revenues, which is also called digital transformation. The mmWave 5G technology offers high internet speeds, enabling and facilitating data transfer for businesses.
The global mmWave 5G market size is expected to grow from $2.58 billion in 2022 to $2.99 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mmWave 5G market size is expected to grow to $5.19 billion in 2027 at a CAGR of 14.7%.
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Major competitors in the mmWave 5G market are AT&T Inc., NXP Semiconductors N.V., Airspan Networks, Qualcomm, Fastweb S.p.A., SoftBank Group, Nokia Corporation, HRMavenir Systems Inc., NTT Docomo Inc., Ericsson, Huawei Technologies Co. Ltd., Verizon Communications Inc., Rakuten Mobile Inc., Pharrowtech, and Alcan Systems
A key trend in the mmWave 5G market includes technological advancement. Major players operating in the market are developing advanced products with the latest technologies to strengthen their position in the market.
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The mmWave 5G market is segmented -
1) By Component: Hardware, Solutions, Services
2) By Bandwidth: 24GHz to 57GHz, 57GHz to 95GHz, 95GHz to 300GHz
3) By Use Case: eMBB, FWA, mMTC, URLLC
4) By Application: Real-time Surveillance Cameras, AR and VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-definition Video, Other Applications
5) By End User: Aerospace and Defense, Telecom, Media and Entertainment, Automotive and Transportation, Public Safety, Healthcare and Life Sciences, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the mmWave 5G market.
The Business Research Company's "Global MmWave 5G Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The MmWave 5G Market Include:
1. Executive Summary
2. mmWave 5G Market Characteristics
3. mmWave 5G Market Trends And Strategies
4. mmWave 5G Market - Macro Economic Scenario
5. mmWave 5G Market Size And Growth
.......
26. Africa mmWave 5G Market
27. mmWave 5G Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The mmWave 5G Market
29. mmWave 5G Market Future Outlook and Potential Analysis
30. Appendix
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