Global 5G Technologies Market Outlook, Opportunities And Strategies – Includes 5G Technologies Market Growth
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The global 5G technologies market is expected to grow from $20.23 billion in 2021 to $30.11 billion in 2022 at a compound annual growth rate (CAGR) of 48.8%. The global 5G technologies market size is expected to grow to $99.76 billion in 2026 at a compound annual growth rate (CAGR) of 34.9%.
The increase in government initiatives to promote and roll out the emerging 5G technology is expected to propel the growth of the 5G technologies market.
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The 5G technologies market consists of sales of 5G technologies services by entities (organizations, sole traders, partnership) that provide faster download speeds, low latency, and more capacity and connectivity for billions of devices. The 5G technology is the next generation of wireless communications which is expected to provide internet connections that are around 40 times faster than the 4G LTE technology. The 5G technology may use various spectrum bands, including millimeter-wave (mmWave) radio spectrum, with the ability to carry a very large amount of data for a short distance.
Global 5G Technologies Market Segments Include:
By Communication Infrastructure: Small Cell, Macro Cell, and Radio Access Network (RAN)
By End User: Automotive, Industrial, Consumer Electronics, Healthcare, Energy and Utilities, and Others
By Core Network Technology: Software-Defined Networking (SDN), Network Functions Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC), and Distributed Antenna System (DAS)
By Chipset Type: ASIC Chips, RFIC Chips, Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA)
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global 5G technologies market in 2021.
The increasing collaborations between 5G technology companies are an emerging trend in the 5G technologies market. This is mainly because these companies are focusing on developing a strong 5G infrastructure and facilitating innovative platforms by sharing their resources, knowledge, technology, and costs. Such collaborations are also helpful to the companies in cases of expiring licenses, lack of technological know-how, and stringent regulatory environments.
TBRC’s 5G Technologies Market Report Covers:
Major Market Players: Qualcomm, Intel Corporation, Ericsson, Samsung, and AT&T.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The 5G Technologies Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides 5G technologies market overviews, analyzes and forecasts market size, share, 5G technologies market players, 5G technologies market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s 5G technologies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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