5G Technology Market Segmentation, Competitive Landscape and Industry Poised for Rapid Growth 2027 | Coronavirus Effects

 Market Highlights

Market Research Future (MRFR) in their recently published report on the 5G technology market claimed that the superior technology than the existing models and demand for faster network to transfer data are going to provide tailwind. At the same time, cost-effective standpoint can inspire greater percolation for 5G technology across myriad sectors. 

5G or fifth generation technology is superior to the existing models. However, the 5G technology has a quite a reputation which precedes it but the global market is yet not wholly ready with the infrastructure to support integration of the system. The global 5G technology market is eyeing for a massive 70.83% CAGR during the review period (2020-2025).

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Regional Analysis:

The regional evaluation of the global 5G technology market is offered in this report on the basis of major regional segments – North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The analysis also covers a country-level analysis of the global market in terms of market value and growth rate. North America is at the forefront position in the global market place. The technologically advanced networking infrastructure of the region is expected to boost the revenue generation for the players of the market in the years to come. The region is prognosticated to register a CAGR of 71% over the review period. Asia Pacific is projected to secure the second position in the market over the next couple of years. The regional segment is projected to strike a CAGR of 74.60% across the projection period.

Segmentation:

On the basis of Communication Infrastructure, the global 5G technology market has been segmented into Small Cell, Radio Access Network, Macro Cell, and Distributed Antenna System.

By Services, the segments of the global 5G technology market are Professional Services and Managed Services.

Based on Network Technology, the segmental assessment of the global 5G technology covers - Software-Defined Networking, Virtualization, Mobile Edge Computing, Network Function, and Fog Computing.

By Chipset Type, the 5G technology market has been segmented into Application-Specific Integrated Circuit (ASIC), Millimeter Wave Technology Chips, Radio Frequency Integrated Circuit (FRIC), and Field Programmable Gate Array (FPGA).

On the basis of Application, the global 5G technology market has been segmented into Energy and Utilities, Automotive, Healthcare, Industrial Automation, Retail, Consumer Electronics, and Others.

Competitive Dashboard:

Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Verizon, Qualcomm Technologies Inc., MediaTek Inc., Samsung, China Mobile Limited., AT&T Inc., NTT DOCOMO, Inc., Cisco Systems, Inc., and Nokia are some of the major players of the global 5G technology market assessed in this MRFR study.

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 the 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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