5G Market, By Communication Type (FWA, eMBB, uRLLC, eMBB), Services (Professional Services and Managed Services), Network Technology (Software-Defined Networking, Network Function, Virtualization, Mobile Edge Computing and Fog Computing), Chipset Type (Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (FRIC), Millimeter Wave Technology Chips and Field Programmable Gate Array (FGPA)), Application (Automotive, IT & Telecom, Energy and Utilities, Healthcare, Retail, Industrial Automation, Consumer Electronics and Others) Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
5G Market Overview
The Global 5G market is anticipated to reach USD 45.8 billion by 2020 growing at a CAGR of 32.8% during the forecasting period, 2020-2028. 5G market is set to empower connected environments with the help of a wide range of use cases and business models to consumers. Furthermore, the availability of faster speed data and low latency presented by 5G would likely to enhance and improve the user experience while using 5G services. Increasing demand for high-speed data connectivity in various applications such as smart home energy management is projected to drive the market for 5G. 5G market holds huge potential in transforming various industries by cutting down the overall cost and improving productivity.
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5G Market Key Findings
• The Global 5G market is segmented into communication type, network technology, chipset type, application, and geography
• The communication type segment is segmented into FWA, eMBB, uRLLC, and eMBB
• On the basis of communication type, eMBB segment is expected to dominate the market for 5G market during the forecast period 2020-2028
• The services segment is segmented into Professional Services and Managed Services
• The network technology segment is sub-segmented into software-defined networking, network function, virtualization, mobile edge computing, and fog computing
• The chipset type segment is sub-segmented into an application-specific integrated circuit (ASIC), radio frequency integrated circuit (FRIC), millimeter-wave technology chips, and field-programmable gate array (FGPA)
• Application segment is sub-segmented into automotive, IT & telecom, energy and utilities, healthcare, retail, industrial automation, consumer electronics, and others
• On the basis of application, the IT & telecom segment is expected to dominate the market for 5G market during the forecast period 2020-2028
• Geographically, the global 5G market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
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5G Market Regional Analysis
North and Europe regions are the largest contributors to the 5G market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.
5G Market Competitive Landscape
• AT & T Inc
• Verizon Communications Inc.
• BT Group plc
• China Mobile Ltd.
• China Telecom Corporation Limited
• Bharti Airtel Limited
• KT Corporation
• Saudi Telecom Company
• Vodafone limited
• Deutsche Telekom Group
• SK Telecom Co. Ltd
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5G Market Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
In 2020, Verizon Communications Inc. planned to launch a 5G wireless service globally. This next-generation wireless service will connect compatible phones using an unproven technology named dynamic spectrum sharing
In 2019, AT&T launched 5G for consumers using a low-band 850 MHz spectrum. AT&T’s 5G service released in parts of the following markets: Indianapolis; Pittsburgh; Providence, Rhode Island; Rochester, New York; and San Diego
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
The 5G Market report answers a number of crucial questions, including:
What are the years considered to study 5G Market?
What is the compound annual growth rate (CAGR) of the 5G Market?
Which region holds the largest market share in 5G Market?
Which region is the fastest growing in 5G Market?
Who are the major players in 5G Market?
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The 5G Market research report classifies the market trends relevant to the supply, requirement, and arrangement, at any rate, the new events. The report highlights huge drivers, restrictions and positive chances to give a definite image of the market. The 5G Market research report gives complete details about the profitable emerging markets and examines insights into the markets' developing section. Furthermore, the 5G Market research report gives a complete evaluation of market shares, approaches, products, verification, regulatory approvals, copyright aspect, and manufacturing proficiency of the leading players.
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