Published on : Feb 07, 2018
Albany, New York, February 7, 2018: The massive consumer demand for high-speed data connectivity, across developed as well as developing countries across the globe, the increased proliferation of mobile and connected devices across a number of industries, are all favorable trends for the 5G market. Recently, a fresh report titled “Global 5G Markets (2020-2025)” has been broadcasted to the massive repository of Market Research Hub (MRH). According to this precise study findings, the global 5G market is predicted to grow at a CAGR of around 97% over a five-year period and will reach a value of US$ 251 billion by 2025.
This 127-page report on the global 5G technology market presents a thorough overview of the present state of technological advancements in the field and predicts the future scope of development over the period between 2020 and 2025. Through this analysis, buyers will be able to understand SIM Cellular Connection and SIM M2M Cellular Connection advancements/ degeneration across 5G, 4G, 3G, and 2G generations in the previous years. The data present offers the total number of global and regional SIM cellular connections and M2M covering data usage, and data traffic. Also, the research helps new entrants to recognize their major competitors' business and market dynamics that are impacting 5G market growth positively as well as negatively. Then after, they can respond accordingly.
Growth Dynamics Impacting 5G Market
Mobile 5G seems to be on course to be the next big thing in the global digital connectivity ecosystem. However, mobile 4G LTE will dominate in terms of volume for at least the next ten years. According to the report, the 5G mobile technology is expected to cater to the demand and business frameworks needed by and beyond 2020; but it is not without its distractions. In addition to driving a connected society, 5G wireless technology will bring about socio-economic transformations through productivity, sustainability and well-being.
One of the core drivers of 5G market is the ever-increasing demand for an enhanced mobile internet experience, clubbed with smartphone adoption among users. This technology will also address rising bandwidth requirements, demand for advanced application services and improved acceptance of the Internet of Things (IoT). 5G IoT devices will use narrow bandwidth to support thousands of things per cell or device, which offers prolonged battery life and provide deep coverage in inspiring areas at a meager cost. Analysts have also found that a well-defined 5G standards and a clean regulatory environment will help realize the full potential of 5G services.
A vital section of the report is competitive landscape which highlights details about major market leaders. The details include company overview, 5G growth strategy and investments. At present, key players are Sprint Corporation, AT&T, China Telecommunications Corporation, Vodafone, China Mobile, Telefnica, Verizon Communications, Deutsche Telekom, Nippon Telegraph and Telephone, and Amrica Mvil.
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