5G Technology Market Research Report

5G Technology Market

5G Technology Market is projected to witness a CAGR of 26% over the forecast period, owing to the growing demand for smart-phones and ongoing infrastructural development.

Factors such as increasing investment in the telecommunication sector, rising data traffic due to the economical data plans available by leading network vendors are projected to strengthen the global 5G technology market growth. Moreover, the growing prominence of 5G technology owing to its faster speed, efficient peer to peer communication, better downloading speed, and low latency is fueling the market’s growth. Rising deployment of 5G technology in the gaming industry due to the growing focus on innovating subscription-based cloud computing solutions will further fuel the 5G Technology market size.

By communication infrastructure, the small cell segment is predicted to dominate the 5G technology market over the forecast period it enhances the capacity, bottom line of cellular vendors, decreases cost, and enhances benefits at providers’ end, which will fuel the 5G technology market growth of the segment.

By network architecture, the 5G standalone segment is expected to grow at a faster CAGR during the forecast period. 5G standalone is simple, efficient network with improved performance at a reduced cost, which surges the segment’s growth.

By region, North America is likely to dominate the market over the forecast period, owing to the intensified investment in the U.S. in smart home projects, development of smart industries, and smart city projects. Moreover, growing adoption of consumer electronic devices that rely on faster networks would accelerate the regional growth.

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Leading vendors in the market include Samsung Electronics Co. Ltd, Huawei Technologies Co., Ltd, Ericsson Inc, ZTE Corporation, NEC Corporation, Nokia Corporation, Cisco Systems Inc, CommScope, Inc, Comba Telecom Systems Holdings Ltd, and Alpha Networks Inc.

Key Developments:

In 2020, ZTE Corporation collaborated with KDDI, a local vendor in Japan to consumer-driven 5G smartphones to cater the customized demands of local users, coupled with 5G network deployment in Japan.

In 2019, Vodafone Hutchison Australia collaborated with Nokia Corporation to rollout the 5G network in first half of 2020. With this partnership, Vodafone would fast track its 5G delivery and switch on the first group of 5G sites in and across Paramatta.

5G Technology Market Segmentation:

5G Technology Market by Communication Infrastructure

·        Small Cell

o  Micro Cell

o  Femtocell

o  Pico Cell

·        Macro Cell

5G Technology Market by Core Network Technology

·        SDN

·        NFV

5G Technology Market by Network Architecture

·        5G Nr Non-Standalone (LTE Combined)

·        5G Standalone (NR + Core)

5G Technology Market by Operational Frequency

·        Sub 6 GHz

·        Above 6 GHz

5G Technology Market by End User

·        Residential

·        Commercial

·        Industrial

·        Government

5G Technology Market by Region:

·        Asia Pacific

o  China

o  Japan

o  India

o  Rest of APAC

·        North America

o  United States of America

o  Canada

·        Europe

o  United Kingdom

o  Germany

o  France

o  Spain

o  Rest of Europe

·        RoW

o  Brazil

o  South Africa

o  Saudi Arabia

o  UAE

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