Market Research Report
5G Technology Market Forecasts to 2028 - Global Analysis By Chipset Type (FPGA, FRIC, ASIC), Connectivity (URLLC, eMBB, mMTC), Technology (WiMAX, GSM, HSPA, Wi-Fi), Application (ICT & Trade, AR & VR, Retail) and By Geography
|5G Technology Market Forecasts to 2028 - Global Analysis By Chipset Type (FPGA, FRIC, ASIC), Connectivity (URLLC, eMBB, mMTC), Technology (WiMAX, GSM, HSPA, Wi-Fi), Application (ICT & Trade, AR & VR, Retail) and By Geography|
Published: September 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global 5G Technology Market is accounted for $48.11 billion in 2020 and is expected to reach $3,171.44 billion by 2028 growing at a CAGR of 68.8% during the forecast period. Increase in number of IoT devices and adoption of edge computing, growing trends towards consumer electronics and wearable devices are driving the market growth. However, challenges in small cell deployments and implementation of fiber backhaul are hampering the growth of the market.
5G is the fifth generation technology standard for broadband cellular networks. 5G Technology has a theoretical peak speed of 20 Gbps. It is designed to increase the speed, reduce latency and improve the flexibility of wireless services. The 5G network will simplify mobility with seamless open roaming capabilities between cellular and Wi-Fi access.
Based on the end user, the information technology (IT) & telecommunication segment is going to have lucrative growth during the forecast period due to the increasing investments by key players in the latest technologies for communication, growing demand for high data speed and growing need for enhanced broadband capacity.
By geography, Asia Pacific is going to have high growth during the forecast period due to increasing demand for smart phones and the rising need for large and high-speed network coverage from various sectors in the region and increasing investments by the key players of the market for the 5G infrastructure in developing region such as China and Japan increases the market growth in the region.
Some of the key players profiled in the 5G Technology Market include Mediatek, Huawei Technologies Co. Ltd., Qualcomm Inc., Broadcom Corporation, Intel Corp, Cisco Systems, Inc, Samsung, Nokia Networks, Verizon Communications, Ericsson, Orange S.A, TIM Group, China Mobile Limited and Deutsche Telekom AG .
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.