5G technology market is expected to reach approximately USD 73 million by 2023 with 21% of CAGR
Global 5G Technology Market, By Usability (Enhanced Mobile Broadband, Massive Internet of Things) – Forecast 2023
Pune, India – October 12, 2017 /MarketersMedia/ —
Market Highlights:
According to Market Research Future Analysis, 5G Technology has been valued at USD 73 million by 2023 growing with 21% of CAGR during forecast period 2017 to 2023.
Mobile broadband is an integral part in today’s life which in turn is expected to boost the 5G technology market. However, cellular networks were originally designed for voice application through transmission channels. After digital transmission different services were innovated such as 1G, 2G, 3G and 4G. The recent 4G enabled services was developed to provide high capacity services. 1G was innovated for voice services, 2G for improved voice and mobile internet, 3G for integrated voice and mobile internet and 4G for high capacity mobile media.
However, 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. For instance, in 2014, Ericsson entered into an agreement with SK Telecom Co. Ltd for joint research on these technologies in South Korea. Various players are now focusing on introducing innovative technologies in order to gain competitive advantage.
Factors such as the increasing production of mobile and connected devices across various industries and increasing technological advancements in the field of sensors and semiconductors are expected to boost the market over the forecast period, 2017-2023.
Geographically, North-America will account for the largest market share in the global 5G technology market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
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Major Key Players:
• 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 Tele Systems (MTS) (Russia)
• AT&T Inc. (U.S.)
• Cisco Systems, Inc (U.S.)
Global 5G Technology Market:
According to Market Research Future, market has been segmented into usability, technology, applications and region.
On the basis of technology, the market has been segmented into Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), Worldwide Interoperability for Microwave Access (WiMAX).
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
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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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Intended Audience:
• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Usability
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…
List of Tables
Table 1 5G Technology Market, By Usability
Table 2 5G Technology Market, By Technology
Table 3 5G Technology Market, By Application
Continued…
List of Figures
Figure 1 Research Methodology
Figure 2 5G Technology Market, By Usability (%)
Figure 3 5G Technology Market, By Technology (%)
Continued…
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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Contact Info:
Name: Ashish Sharma
Organization: Market Research Future
Address: Market Research Future Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar Pune – 411028
For more information, please visit https://www.marketresearchfuture.com/reports/5g-technology-market-2988
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