The market for 5G is expected to reach +5 billion in 2019 to +570 billion by 2024, with a CAGR of + 120% from 2019 to 2024. The global 5G technology market is expected to reach $ +2 billion in 2019, reaching $ +130 billion by 2024, with a compound annual growth rate of + 130% over the forecast period.
5G is expected to revolutionize communication around the world. 5G technology research provides an in-depth analysis of the hardware, software, and services that are essential to the success of 5G technology. 5G technology has become possible through several wireless connectivity features, which are widely classified in mobile broadband (eMBB), superior reliability, low latency communication (URLLC), and machine-wide communications (MTC). 5G is expected to provide faster connections than other traditional technologies, providing the potential for both consumers as well as industry. In addition, the international standardization of 5G technology is expected to accelerate the comprehensive adoption of industrial automation and connected vehicles. In addition, 5G is expected to open the way towards a highly connected society, providing socio-economic value. In many contexts, the application of 5G technology is being considered in Industry 4.0 initiatives around the world. 5G is expected to help drive the evolution of vehicle-to-infrastructure, vehicle-to-vehicle, person-to-person, and vehicle-to-vehicle communication.
5G is expected to provide users with a number of key benefits, including low latency and high speed. 5G is expected to offer speeds of up to 10 Gb / s and can reduce latency to less than 1 ms. 5G offers more capacity and can handle data-intensive applications. 5G communication is highly reliable without loss of connection and is extremely useful for important applications in the medical and other industries.
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Key Market Segments:
Key Market Player:
Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation.
- Enhanced mobile broadband (eMBB)
- Ultra-reliable low latency communication (URLLC)
- Massive machine-type communication (mMTC)
- Connected vehicles
- Monitoring & tracking
- Smart surveillance
- VR & AR
- Enhanced video services
- Energy & Utilities
- Transportation & Logistics
- Media & Entertainment
- North America
- Latin America
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Key Benefits for 5g Technology Market:
- The study includes analytical imaging along with current 5G market trends and future estimates to determine the impending investment pocket.
- This report provides information on key factors, constraints, and opportunities affecting the growth of the global 5G technology market.
- The current market is quantified from 2019 to 2024, highlighting the financial capabilities of the 5G technology industry.
- Porter’s five forces analysis illustrates the potential of buyers and suppliers in the global 5G technology market.
Report Customization and Benefits: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Table of Content:
Chapter 1 Global 5G Technology Market Overview
Chapter 2 Global Economic Impact on 5G Technology Industry
Chapter 3 Global 5G Technology Market Competition by Manufacturers
Chapter 4 Global 5G Technology Production, Revenue (Value) by Region
Chapter 5 Global 5G Technology Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global 5G Technology Production, Revenue (Value), Price Trend by Type
Chapter 7 Global 5G Technology Market Analysis by Application
Chapter 8 5G Technology Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global 5G Technology Market Forecast
Chapter 13 Appendix
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