5G Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, The Global 5G Market is anticipated to reach USD 45.8 billion by 2020 growing at a CAGR of 32.8% during the forecasting period, to 2030.
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North and Europe regions are the largest contributors to the 5G market in the forecast period to 2030 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period to 2030.
The network technology segment is sub-segmented into software-defined networking, network function, virtualization, mobile edge computing, and fog computing
The chipset type segment is sub-segmented into an application-specific integrated circuit (ASIC), radio frequency integrated circuit (FRIC), millimeter-wave technology chips, and field-programmable gate array (FGPA)
Application segment is sub-segmented into automotive, IT & telecom, energy and utilities, healthcare, retail, industrial automation, consumer electronics, and others
Top Key Players: 5G Market
- AT & T Inc,
- Verizon Communications Inc.,
- BT Group plc,
- China Mobile Ltd.,
- China Telecom Corporation Limited,
- Bharti Airtel Limited,
- KT Corporation,
- Saudi Telecom Company,
- Vodafone limited,
- Deutsche Telekom Group,
- SK Telecom Co., Ltd. and More
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2020, Verizon Communications Inc. planned to launch a 5G wireless service globally. This next-generation wireless service will connect compatible phones using an unproven technology named dynamic spectrum sharing
- In 2019, AT&T launched 5G for consumers using a low-band 850 MHz spectrum. AT&T’s 5G service released in parts of the following markets: Indianapolis; Pittsburgh; Providence, Rhode Island; Rochester, New York; and San Diego
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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