5G simply stands for fifth generation and refers to the next and newest mobile wireless standard based on the IEEE 802.11ac standard of broadband technology, although a formal standard for 5G is yet to be set.
Industry Insight
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 foundation infrastructure.
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.
For Market Research Report on “5G Technology Market” : Click here
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.
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 Interchangeability 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
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.
Request for free sample reports: Click here
No comments:
Post a Comment