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The increasing adoption of virtual network architecture in telecommunications, lower latency in 5G, rising machine to machine adoption across various industries, and growing mobile data traffic worldwide are factors contributing to the growth of the global 5G technology market. In the technological landscape, a smartphone is a necessity for every individual globally. Several platforms, such as websites, social media, and web applications, are a part of everyoneu2019s life.<br><br>Visit: https://www.gmiresearch.com/report/5g-technology-market/
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Report Title 5G Technology Market – Global Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1
GMI Research market report focuses on providing an overview of the industry through detailed market segmentation. The report has information related to the overview and scope of the market followed by the key drivers, restraints, and emerging trends in the market. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country included in the study. List of Significant Manufacturers in the 5G Technology Market include: •Huawei Technologies Co., Ltd •Samsung Electronics Co. Ltd •Ericsson Inc, Nokia Corporation •ZTE Corporation •NEC Corporation •Cisco Systems Inc •CommScope, Inc •Comba Telecom Systems Holdings Ltd •Alpha Networks Inc. 5G Technology Market Drivers and Restraints: The increasing adoption of virtual network architecture in telecommunications, lower latency in 5G, rising machine to machine adoption across various industries, and growing mobile data traffic worldwide are factors contributing to the growth of the global 5G technology market. In the technological landscape, a smartphone is a necessity for every individual globally. Several platforms, such as websites, social media, and web applications, are a part of everyone’s life. Web adoption has observed a significant increase in data traffic worldwide. Furthermore, data traffic is growing owing to the availability of economic data plans from numerous network providers. This drastic rise in data traffic is creating an emerging demand for 5G technology. Every individual is actively looking for high-speed networks with low latency. 5G technology offers low latency, fast speed, effective peer to peer communication and efficient download speed of web applications. In addition to this, 5G technology is gaining attraction among the gaming industry due to the growing emphasis on 2
introducing multiple subscription-based cloud gaming solutions. Additionally, the demand for web games is eventually rising with 5G technology, as these games need a high-speed network. All these factors will further fuel the demand for the market during the forecast period. On the other edge of the spectrum, the delay in standardization of spectrum allocation will hamper the growth of the market. The outbreak of the COVID-19 pandemic will negatively impact on the 5G Technology market, particularly in 2020. The strict lockdown across the world has led to the disturbance in the supply chain and delays in releasing 5G features. Furthermore, the rapid shutdown of production facilities has mostly impacted the production and sales of 5F smartphones, which is indirectly hampering the market growth. However, the market is projected to bounce back in 2021, growing at a significant growth rate from 2021. Segmentation: 5G Technology Market 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 3
•Residential •Commercial •Industrial •Government 5G Technology Market: By Region •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. 4
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5