5G Technology Market | Growth with a focus on trends & innovations in the period up to 2030

5G technology market

5G technology market

High frequency prices and the threat of cyber attacks may hamper the growth of the market.

PORTLAND, PORTLAND, OR, UNITED STATES, Nov. 10, 2022 /EINPresswire.com/ — An increase in the number of IoT devices, the adoption of edge computing, an increasing demand for content streaming services, and an increasing demand for Low latency connectivity in industrial automation is driving the growth of the global 5G technology market. The EMBB segment accounted for more than three quarters of the total market share in 2020. On the other hand, the region would remain lucrative throughout Asia-Pacific through 2020-2026.

Download the Free Sample Report at: https://www.alliedmarketresearch.com/request-sample/2070

On the other hand, the challenges of deploying small cells and implementing fiber backhaul hampers growth to some extent. However, an increase in investments in smart cities and opportunities in autonomous vehicles is expected to create numerous opportunities for the major players in the industry.

According to the report, the global 5G technology market was valued at US$5.53 billion in 2020 and is expected to reach US$667.79 billion by 2026, growing at a CAGR of 122.3% from 2020-2026 .

For purchase inquiries: https://www.alliedmarketresearch.com/purchase-enquiry/2070

Covid19 outbreak:

• The Covid-19 pandemic had a positive impact on the growth of the 5G technology market as the demand for fast internet networks suddenly increased and the culture of working from home was introduced.

• However, the ongoing lockdown and many uncertainties around the world had a negative impact on the market and reduced the number of new investments in the industry.

Based on supply, the hardware segment accounted for more than half of the total market revenue in 2020 and is expected to maintain its top status through 2026. At the same time, the services segment would see the fastest CAGR of 133.1% over the period 2020-2026.

For Full Summary Go To: https://www.alliedmarketresearch.com/5g-technology-market

Based on connectivity, the EMBB segment contributed more than three quarters of the total market share in 2020 and is expected to dominate between 2020 and 2026. The MMTC segment, on the other hand, is projected to grow at the fastest CAGR of 145.1% through 2026.

Geographically, the Asia-Pacific region held the largest market share in 2020 and is expected to retain the lion’s share through 2026. The same segment would see the fastest CAGR of 130.7% over the estimated period.

Purchase this research report at: https://bit.ly/3WQDsmP

Major players analyzed in the report include Ericsson, Huawei Technology, T-Mobile, Intel Corporation, Qualcomm Inc., Deutsche Telekom AG, Orange SA, Nokia, Telecom Italia and Telstra. These players have developed various strategies including expansions, mergers and acquisitions, partnerships, joint ventures, collaborations, and others to strengthen their position in the market.

Thank you for reading this article; You can also get individual chapter wise section or regional report version like North America, Europe or Asia.

If you have special requirements, please let us know and we will offer you the report according to your requirements.

Related report:

1. 5G Enterprise Market

About us:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

Pawan Kumar, the CEO of Allied Market Research, leads the organization to provide quality data and insights. We have professional business relationships with various companies. This helps us dig up market data that help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Every data company in the domain is affected. Our secondary data sourcing methodology includes in-depth presentations in the reports we publish, extracted through primary interviews with top officials from leading online and offline research and discussions with knowledgeable professionals and analysts in the industry.

David Korrea
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn



source

Leave a Reply

Your email address will not be published. Required fields are marked *