AP NEWS
ADVERTISEMENT
Press release content from Wired Release. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Wired Release
Press release content from Wired Release. The AP news staff was not involved in its creation.

5G Technology Market 2020 | The Emerging Industry in Telecom & Wireless Services

September 16, 2020 GMT

Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Allied Analytics :Surge in demand for low latency connectivity for industrial automation processes and increase in content streaming services demand propel the growth of the global 5G technology market.

The 5G Technology market is expected to witness considerable growth due to the rise in number of IoT devices and adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation globally, which propels its adoption. 5G technology is expected to redefine communication, entertainment, and how people connect to the internet.5G technology can operate in mmwave bands i.e. within the high frequency spectrum ranging from 24 to 100 GHz that facilitates faster data delivery.

ADVERTISEMENT

Increase in number of IoT devices and edge computing adoption offers the growth opportunities. On the other hand, challenges related to small cell deployments and fiber backhaul utilization hinder the market growth. Contrarily, surge in investments in smart cities and autonomous vehicles create new opportunities in the market.

Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/2070

The report divides the offering segment into hardware, software, and services. The hardware segment held more than half of the total market share in 2020, and is estimated to maintain its dominant position by 2026. This is attributed to 5G hardware easing up the edge processing and leading to low levels of latency. However, services segment is expected to grow at the highest CAGR of 133.1% from 2020 to 2026, owing to increase in innovation across the globe and adoption of novel technologies in smart cities.

Key market players discussed in the report are Deutsche Telekom AG, Huawei Technology, Ericsson, Orange S.A., Nokia, Telecom Italia, Qualcomm Inc., T-Mobile, Telstra, and Intel Corporation. They have adopted various strategies including mergers acquisitions, collaborations, partnerships, and others to gain stronghold in the industry.

Get detailed COVID-19 impact analysis on the 5G technology market: https://www.alliedmarketresearch.com/request-for-customization/2070

ADVERTISEMENT

Geographically, the Asia-Pacific region held nearly two-fifths of the market share in terms of revenue in 2020. Moreover, Asia-Pacific region is expected to grow at the highest CAGR of 130.7% from 2020 to 2026. This is due to supportive government initiatives in emerging economies for deploying 5G spectrum along with new entrants preferring to establish their presence in the region. The research also analyzes Europe, Asia-Pacific, and LAMEA regions.

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

The end use segment is segmented based on manufacturing, energy utilities, automotive, healthcare, transportation logistics, media entertainment, government, and others. The manufacturing segment would contribute nearly one-fifth of the total share in 2020, and will maintain its lead status during the forecast period, owing to the growth of the industry of refurbished robots. However, the automotive segment is expected to witness the highest CAGR of 130.3% from 2020 to 2026, owing to rise in smart cities and increase in demand for connected cars that utilizes internet of things (IoT).

Similar Reports:

Big Data and Business Analytics Market is Expected to Reach $512.04 Billion by 2026

Indonesia Over-the-top Market Expected to Reach $1,502 Million by 2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:
David Correa
5933 NE Win Sivers Drive
#205,Portland, OR97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India(Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedInTwitter

This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at contact@wiredrelease.com.

ADVERTISEMENT