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The global 5G technology market is estimated to exhibit substantial growth from 2016 to 2024 (forecast period). 5th generation wireless systems, or widely known as 5G, indicate the next stage mobile telecommunication standards beyond the 4G standards.
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Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future 5G Technology Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research The global 5G technology market is expected to witness significant growth over from 2016 to 2024 (forecast period). Rising worldwide adoption of internet-enabled devices will drive the industry. Mobile service providers believe that 5G services will be rolled out by 2020 to meet customer and business demands. Surging demand for extensive network coverage and high speed internet from various industry applications will propel market growth. These include autonomous driving, distant learning, video conferencing & multi-user gaming, telemedicine, and opera live streaming. 5G technology will improve mobile network performance capabilities to a marked extent. It can also play a key role in establishing foundational infrastructure. Browse Details of Report@https://www.hexaresearch.com/research-report/5g- technology-market Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/
Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Furthermore, increasing mobile broadband adoption and machine-to-machine communication in companies will fuel industry growth. High rates of data transfer along with low power consumption will also exhibit a positive impact. Popularity of high-speed internet for enhanced real-time response will propel the global 5G technology industry in the years to come. However, the dependence of this technology on other technologies, such as millimeter wave propagation and IPv6 transmission protocol could restrict market performance. The global industry is categorized on the basis of technologies, applications, and regions. The technology segment comprises Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX). Applications include healthcare, government & utilities, retail, individual users, offices, and defense & military. Owing to high investments in research & development, the application segment is led by government & utilities. Geographically, the global 5G technology market is divided into Europe, North America, Asia Pacific, and Rest of the World. The U.S. market is estimated to grow robustly during the forecast period. This is because of increasing subscriptions in the region. The Asia- Pacific market too will register significant growth. Various countries such as China, Korea, and India will invest huge sums to support ongoing developments and initiatives in 5G technology. The government of United Kingdom is expected to launch its 5G strategy by 2017. In its recent budget, the government focused on the significance of mobile spectrum and prepared the nation to receive the new technology. The growing need for faster internet in China will stimulate the 5G market in this region. Even the Indian government has spent USD 5.5 million over the last couple of years on 5G technology. This investment was primarily directed towards advanced research and development. Most companies operating in this market strive to introduce novel Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/
Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future technologies to gain competitive advantage. Also, countries, such as Japan, are planning to exhibit their innovations during the 2018 winter Olympics and 2020 summer Olympics. Key players in the 5G technology market are Verizon Communications Inc. (U. S.); Nokia Networks (Finland); Samsung Group (South Korea); AT&T Inc. (U. S.); The Fraunhofer Society (Fraunhofer-Gesellschaft); NTT DoCoMo Inc.; Qualcomm Inc. (U. S.); Alcatel-Lucent S. A.; Huawei Technologies Co. Ltd. (China); and Telefónica S. A. In 2014, Ericsson signed a deal with SK Telecom Co. Ltd. for 5G technology research and development. With a view towards ensuring a strong standardized network, various public bodies such as the Institute of Electrical and Electronics Engineers, the ITU, 3GPP, and a few universities have been adding value to the 5G technology industry. Browse Related Category Market Reports @ https://www.hexaresearch.com/research- category/communication-services-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/
Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Follow us on Linkedin : https://www.linkedin.com/company/hexa-research Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/
