Press release
5G technology Market 2018 by Global Key Players: Huawei Technologies Co. Ltd., Nokia Networks, NEC Corporation, Ericsson, Qualcomm, Verizon Fios
5G is the up-coming fifth-generation wireless broadband technology which is based on the IEEE 802.11ac standard. 5G connectivity is going to provide better speeds and coverage than other connectivity. The technology operates with a 5 GHz signal and offers a speed up to 1GB per second. The signal technology also provides better coverage and signaling efficiency. The 5G technology is expected to launch by 2020.
The factors contributing to the growth of the 5G technology are the shift toward new broadband technology, growing demand for high data speed, huge network coverage, and stable growth in the mobile data traffic, increasing demand for machine-to- machine communication in organizations and the increasing demand for broadband services over other mobile networks. The continuous demand from subscribers for better mobile broadband experiences is encouraging the growth of the 5G technology market. The market is expected to grow at a fast pace in 2020.
The 5G technology will include LTE advanced and Wi-Fi coupled with new technological solutions to meet the requirements such as machine control and augmented reality. For instance, Huawei a major player in China expects that 5G will provide better speeds up to 100 times faster than 4G connection.
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Key Players
The key players in the global 5G technology market include- Huawei Technologies Co. Ltd. (China), Nokia Networks (Finland), NEC Corporation (Japan), Ericsson (Sweden), Qualcomm (U.S.), Verizon Fios (U.S.), Orange (France), Broadcom Corporation (U.S.), Mobile TeleSystems (MTS) (Russia), AT&T Inc. (U.S.) and Cisco Systems, Inc (U.S.) among others.
Segments
For the purpose of this study, Market Research Future has segmented the market of 5G technology into usability, application and region.
Usability
Enhanced Mobile Broadband
Massive Internet of Things
Mission Critical Services
Technology
Radio Access Technologies (RAT),
Wi-Fi,
High-Speed Package Access (HSPA),
Global System for Mobile (GSM),
Worldwide Interoperability for Microwave Access (WiMAX).
Application
Healthcare
Consumer Electronics
Retail
Home Automation
Energy & Utility
Automotive
Industrial Automation
Intelligent Buildings and Infrastructure
Public Safety & Surveillance
Region
North-America
Europe
Asia-Pacific
RoW
Regional Analysis:
Regionally, North-America accounted for the largest market share from countries such U.S. among others. The region is attributed to the increasing number of subscribers and also the Federal Communications Commission has already begun its assessment of the allocation of 5G frequencies.
However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to large consumer base and ongoing initiatives and developments on 5G technology.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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