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The increase in government initiatives to promote and roll out the emerging 5G technology are expected to drive innovation in 5G technologies manufacturing, thus driving the market during the forecast period.

The global 5G technologies market is expected to grow from $30.62 billion in 2022 to $44.71 billion in 2023 at a compound annual growth rate (CAGR) of 46.0%. The 5G technologies market size is expected to grow from $125.27 billion in 2027 at a CAGR of 29.4%.

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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 & Utilities, and Other End Users
• 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.

Major Market Players in the 5G technologies market include Qualcomm, Intel Corporation, Ericsson, Samsung, and AT&T.

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 cost. Such collaborations are also helpful to the companies in case of expiring licenses, lack of technological know-how, and stringent regulatory environment. For example, n January 2022, Vodafone, a UK-based telecommunications company partnered with Ciena, a US-based telecommunications company for 5G solutions. With this partnership, Vi maximizes fiber capacity and network efficiencies for 5G. Further, in October 2022, Ericsson, a US-based 5G technology company partnered with Reliance JioInfocomm Ltd., an India-based telecommunications company to build the first 5G standalone network in India.

The 5G Technologies Global Market Report 2023  provides a 5G technologies market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 5G technologies market forecast analyzes 5G technologies market size, 5G technologies market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

5G technology is the next generation of wireless communications that provides faster download speeds, low latency, and more capacity and connectivity for billions of devices. This uses various spectrum bands, including millimeter-wave (mmWave) radio spectrum, with the ability to carry a very large amount of data over a short distance.

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