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Market Research Future Insights
According to MRFR analysis, the global 5G Technology market is expected to register a CAGR of 40.2% from 2022 to 2030 and hold a value of over USD 1799.8 billion by 2030.
The fifth generation (5G) of cellular technology will offer ultra-low latency, high speed, and dependable connection. The whole ecosystem of hardware, software, and services necessary for the deployment of 5G networks is covered under 5G Technology. Enhanced mobile broadband, ultra-reliable low latency communications, and large machine-type communications are examples of 5G connection technologies that are included in the 5G technology market. Communication, entertainment, and how people connect to the internet are all likely to change as a result of 5G technology. Faster data transfer is made possible by 5G technology’s ability to operate in mm-wave bands, or inside the high-frequency range between 24 and 100 GHz.
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5G Technology Industry Key Players
Some of the key 5G technology market players are:
Samsung Qualcomm Technologies Inc Nokia China Mobile Limited MediaTek Inc Cisco Systems Inc Verizon NTT DOCOMO Inc Huawei Technologies Co. Ltd LM Ericsson AT&T Incdcx.Browse Full Report Details:
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Market Segmentation
The Global 5G Technology market has been segmented into Communication Infrastructure, Services, Network Technology, Chipset Type, and Application.
Based on the Communication Infrastructure, the market has been segmented into Small Cell, Macro Cell, Radio Access Networks (RAN), and Distributed Antenna Systems (DAS).
Based on the Services, the market has been segmented into Managed Services, Professional Services.
Based on Network Technology, the market has been segmented into Mobile Edge Computing (MEC), Fog Computing (FC), Network Function Virtualization (NFC), and Software-defined Networking (SDN).
Based on the Chipset Type, the market has been segmented into Radio Frequency Integrated Circuit (FRIC), Application-specific Integrated Circuits (ASIC), Millimeter-Wave Technology Chips, and Field Programmable Gate Array.
Based on the Application, the market has been segmented into Industrial Automation, Consumer Electronics, Energy and Utilities, Healthcare, Retail, Automotive, and Others.
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Regional Analysis
North America leads the worldwide 5G Technology market, accounting for more than two-thirds of the total. Furthermore, the country is heavily investing in smart technology and smart city development. The use of smart gadgets for banking and bill payments has also risen in recent years. Solar power grids, self-driving vehicles, and other IoT-based gadgets are becoming increasingly popular in North America.
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