5G technology Global Market – Overview
The global 5G technology market is expected to be highly competitive owing to the presence of a large number of small and big domestic and global players who are marking their presence in the 5G technology market. Rapid advancements in technology in the field of sensors and semiconductors are all expected to drive the growth of 5G technology market. Steep increase in the development of 5G infrastructure is another major factor contributing to the growth of 5G technology market.
Increasing demand for high speed data transmission is one major factor which is responsible for the growth of 5G technology market. Also, increased proliferation of mobile and connected devices across a number of industry verticals is another major factor driving the growth of 5G technology market. According to a recent study report published by Market Research Future, the global market of 5G technology is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
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Major Key Players
KT (South Korea),
SK Telecom (South Korea),
LG Uplus (South Korea),
NTT DOCOMO (Japan),
China Mobile (China),
TeliaSonera (Sweden), Telefónica (Spain), Vodafone Group (U.K.), Singtel (Singapore), Verizon (U.S.), T-Mobile (U.S.), China Unicom (China), and Deutsche Telekom (Germany) among other are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global 5G Technology Market.
Other players in the market include Korea Telecom (South Korea), Nokia Networks (Finland), Samsung (South Korea), Qualcomm (U.S.), Intel (U.S.), NEC Corporation (Japan), Huawei (China), Verizon (U.S.), AT&T (U.S.), T-Mobile USA, Inc., LG (South Korea), and China Mobile (China).
5G technology Global Market – Competitive Analysis
The market of 5G technology Market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
5G technology Global Market – Segmentation
The 5G technology market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
Segmentation by Usability: Comprises Enhanced Mobile Broadband, Massive Internet of Things and Mission Critical Services.
Segmentation by Technology: Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX).
Segmentation by Application: Healthcare, Consumer Electronics, Retail, Home Automation, Energy & Utility, Automotive, Industrial Automation, Intelligent Buildings and Infrastructure, and Public Safety & Surveillance.
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World.
5G technology Global Market – Regional Analysis
On the basis of region, North America is expected to gain the most promising returns in the 5G technology market. U.S and Canada are expected to drive the growth of the 5G technology market in North America owing to the presence of a large number of established key players and increasing demand for high speed data connectivity across different industry verticals. 5G technology market in Asia Pacific is expected to drive the growth of 5G technology market and Japan is expected to show most promising returns among other countries. This is owing to growing urbanization and increasing investments in the research and development sector in China, Japan, and India in the region.
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- Device manufacturers
- Network Operators
- Research firms
- Software Developers
- Commercial Banks
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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