The 5G market is cementing its foothold at a significant CAGR during the forecast period from 2018 to 2022, according to Market Research Future reports. 5G is referred as 5th generation mobile networks or the wireless systems. It has excellent acceptance for mobile devices, tablets, and others.
Market Drivers & Trends
The study of MRFR indicates that 5G is anticipated to conquer a larger market share owing to numerous features with large number of benefits. As 5G aims to offer data with a much lower cost per bit as compared with the current networks, it has become one of the most demanding networks. These factors are contributing to a more significant part of the market’s expansion.
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Apart from these, the surging data consumption will result in an amplified energy footprint from networks. 5G thus aims to consume comparatively lower energy than existing cellular networks. The exponential rise in connected devices, such as wirelessly connected sensors, actuators, and similar devices for massive machine connectivity is likely to place demands on the network in the coming years. In the forecast period, 5G would be available for a wide range of applications, use cases, wearable devices, smart homes and others which is anticipated to trigger the market growth on a rapid pace.
The prominent players in the 5G Market are – Verizon Wireless (U.S.), AT&T Inc. (U.S.), LM Ericsson (Sweden), Alcatel-Lucent (France), China Mobile Ltd. (China), Huawei Technologies Co. Ltd. (China), NTT DOCOMO, Inc. (Japan), Vodafone Group PLC (UK), Bharti Airtel Limited (India) among others.
5G Global Market – Regional Analysis
The region-wise study of the global 5G market covers vital regions of Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Among these, North America is the forerunner in the market and is probable to lead the market in the next few years. The advanced IT infrastructure here is likely to support the growth of the 5G market in the foreseeable future. The initial deployment of 5G services has earned a competitive edge among the other markets in this region.
Europe is another burgeoning market for 5G services with the technological advancements being made in this region is projected to assist the expansion of the 5G market in the coming years.
The Asia Pacific is also to register steady growth over the valuation period. Factors such as Industrial automation, advancements in the IT industry, penetration of smartphones are chiefly responsible for generating demand 5G services across the region. Besides, country-level markets in China is already working on the development of the 5G market and expects to accelerate revenue creation in the years to come.
5G Global Market – Segmentation
The 5G Market has been segmented by elements such as components and application.
Of these, the components segment includes phantom cell, access/backhaul integration, device-to-device communication, and flexible duplex communication.
The applications segment is segmented into consumer electronics, automotive, retail, energy, utility, healthcare, home automation, and more.
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Table of Contents:
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
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
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
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