5G Technology Market By Communication Infrastructure

 

Market Highlights

5G services are set to be commercialized on a global scale by 2020 which is likely to open a plethora of opportunities in the upcoming years. The global 5G technology market, as per Market Research Future (MRFR)’s observation, is anticipated to thrive at a CAGR of 70.83% during the assessment period 2020 to 2025. Also, the valuation of the global market is expected to touch USD 700 Bn mark by 2025.

The technology’s robust attributes meet the dynamic needs of the constantly evolving wireless communication landscape. In recent years, there has been significant developments in cellular technology owing to the increasing demand for ultra-fast data speeds with low latency rates. The emergence of the fifth-generation network technology has allowed integration of technologies such as augmented and virtual reality for 3D and ultra-high definition videos and haptic feedback applications. Such developments necessitate high-speed connectivity, which creates market opportunities for 5G technology. Moreover, the growing demand for mobile broadband services and the growing application of IoT across industry verticals is also expected to have a positive impact on the market.

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Industry News:

In September 2019, Qualcomm Technologies, an American multinational semiconductor and telecommunications equipment company, has announced the expansion of its portfolio of 5G mobile platforms to accelerate 5G global commercialization. The expansion is to be conducted across Snapdragon 6 Series, 7 Series and 8 Series in 2020.

In August 2019, Huawei Technologies Co., a Chinese multinational technology company, has announced the launch of its latest Mate 20 X (5G) handsets that support two different 5G networks – SA and NSA.

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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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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