The global 5g technology market is expected to reach USD 5.53 billion in 2020 and is expected to reach USD 667.99 billion in 2026, growing at a CAGR of 122% from 2021 to 2027. It is projected to reach USD 2 billion in 2020 and USD 32.9.09 billion by 2026, registering a CAGR of 130.7% over the forecast period.
5G technology is expected to revolutionize communications around the world. Advances in 5G technology are driven by a number of wireless connectivity capabilities that are broadly classified as Enhanced Mobile Broadband (eMBB), Ultrareliable and Low Latency Communications (URLLC), and Massive Machine Type Communications (mMTC). 5G technology offers potential for both consumers and industry as it is expected to provide faster communications than other existing technologies.
A full report of 5G Technology Market available at https://www.orionmarketreports.com/5g-technology-market/24279/
5G Technology Market: Segmentation
By Offering
• Hardware
• Software
• Services
By Connectivity
• Enhanced mobile broadband (eMBB)
• Ultra-reliable low latency communication (URLLC)
• Massive machine type communication (mMTC)
By Application
• Connected vehicles
• Monitoring & tracking
• Automation
• Smart surveillance
• VR & AR
• Enhanced video services
• Others
By End User
• Manufacturing
• Automotive
• Energy & Utilities
• Transportation & Logistics
• Healthcare
• Government
• Media & Entertainment
• Others
Key Market Players
• Samsung (South Korea)
• Qualcomm Technologies Inc. (U.S.)
• Nokia (Finland)
• China Mobile Limited (China)
• MediaTek Inc. (Taiwan)
• Cisco Systems Inc. (U.S.)
• Verizon (U.S.)
• NTT DOCOMO Inc. (Japan)
• Huawei Technologies Co. Ltd (China)
• Telefonaktiebolaget LM Ericsson (Sweden)
• AT&T Inc. (U.S.)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
