5G Market: Advances in Internet of Things (IoT) and Cloud Enabled Apps to Set the Growth Trajectory

Published on : Jul 19, 2018

Albany, New York, July 19, 2018: Need to limit latency and enhance wireless broadband networks with improved bandwidth, drives growth in 5G market. Further, growing adoption of IoT and smart phones contribute significantly towards the growth of 5G market. To analyze the implications of recent developments, Market Research Hub (MRH) has added a new report study titled, ‘Data Sheet on Global 5G Market-A USD 251 Bn Opportunity By 2025’ to its database. 

Spectrum Efficiency Management, Crucial for 5G Market Growth

Service providers in 5G network market are inclined to develop new technologies that are compatible on IoT enabled ecosystem as well as support cloud-powered apps. Emergence of advanced devices and equipment such as smart vehicles call for quick network services for advanced data analytics backed by IoT. Also, spectrum utilization is a critical area of development in 5G market that is encouraging market players to invest in innovation.

In a recent development, telecom giant Vodafone has affirmed to carry out trials of 5G network in collaboration with Nokia in New Zealand. The trial will examine critical features and functionalities inclusive of VR applications.

Alongside, Vodafone in partnership with Huawei have accomplished the first call with the aid of 3GPP 5G and GHz spectrum. The trial examined the transition of 4G to 5G network in a live data call followed by HD video call on the same network. With this test in place, the company envisages to spearhead further trials in the near future.    

Further, to accelerate its development objectives in 5G market, Deutsche Telekom is integrating resources to unveil its 5G services in Germany. The antenna for 5G network is operational in Berlin. This venture affirms the launch of Europe's maiden 5G network enabled by Deutsche. The company has also confirmed the commercial launch of its 5G network in 2020, aiming to position itself as a stalwart in 5G market.

To back progress in establishing 5G network, ace companies Sprint and T-Mobile have confirmed about their strategic merger. Sprint has also revealed about its trial plans of 5G network in three chief cities inclusive of Kansas, Phoenix, and New York. With such key developments, carriers are aiming to secure their lead in 5G market.

Crucial report findings collated in the report allow readers to identify key factors operational in the market. This section of the report includes key drivers besides an executive summary that entails the growth factors of 5G market. The report aids readers to comprehend the impact of these factors in accentuating growth of 5G market, besides analyzing their efficacies in revenue generation.

The report also presents a wholesome description of regional distribution of 5G market. Based on geographical distribution 5G market is bifurcated as Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. Based on these details, readers can identify various marketing practices administered by leading companies in various regions of 5G market. Also the report aids readers in comprehending the implications of these strategies on end-user response.

Key Players in 5G Market

Veritable insights incorporated in the report allow readers to understand the impact of these strategies in fuelling growth in 5G market, as well as evaluate the efficacies of these practices in luring favorable end-user purchase decisions. Market players can demonstrate deep analysis of these strategies to infer core deductions, based on which market players can facilitate profit oriented decisions and policies that ensure sustenance and revenue generation in 5G market. Key players identified in 5G market are, AT&T, Vodafone, Sprint Corporation, Deutsche Telekom, and Telefnica amongst others.

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