Thursday, 20 October 2016

Global 5G Technology Market Research Study – Latest Market Trends and Growth Analysis

DecisionDatabases.com adds a new report to its repository “Global 5G Technology Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast”.The research study offers the complete market analysis and growth trends of the industry. It also discusses the major companies/manufactures operational in the industry and provides its detailed profile.

5G has evolved as a revolutionary technology for several sectors to enable superior connectivity among devices, less power consuming and speedy data transfer rate. Rapid growth in the mobile data traffic, robust development of a machine to machine communication in enterprises and rising demand for faster & wider network coverage are major growth drivers, which are expected to boost 5G Technologymarket demand over the coming years. Furthermore, increasing preference for broadband services over mobile networks will further aid in the growth of the market in the near future.

Drivers

  • Growth in the mobile data traffic volume
  • Growth of machine to machine communication in organizations
  • Growing demand for high-speed and large network coverage
  • Growing demand for broadband services over mobile networks

Growing government & private investments in the field of R&D in order to ensure full deployment of 5G technology is anticipated to spur the market growth in the forthcoming years. Growing application scope across various industry verticals such as automotive, healthcare, energy & utilities, industrial automation, public safety & surveillance, intelligent buildings & infrastructures, home automation, retail, and consumer electronics will have a positive impact on the growth of the market during the forecast period.

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The global market has been segmented based on application into automotive, energy utility, healthcare, retail, intelligent Buildings and Infrastructure, Industrial Automation, Consumer Electronics, Home Automation, and Public Safety & Surveillance. Furthermore, the market has been sub-segmented based on application.


North America is a leading market for 5G technology and is projected to witness a double-digit growth over the forecast period on account of rapid technological advancements in the field of mobile technologies and presence of major players in the region. Asia Pacific is a fastest growing market and is expected to grow at the highest CAGR during the forecast period owing to the rising government and private investments in the field of R&D for 5G deployment, growing IT industry and the increasing consumer preference for broadband services in the region.

The major industry players include Cisco Systems, Inc., Nokia Corporation, Samsung Electronics Co., Ltd., Ericsson, Qualcomm Inc., Huawei Investment & Holding Co., Ltd., Intel Corporation, Verizon Communications Inc., T-Mobile USA, Inc., AT&T Inc., KT Corp., SK Telecom Co., Ltd., LG Electronics, Inc., China Mobile Limited, and NEC Corporation.

In 2015, Huawei and Ericsson have successfully tested 5G-related technologies in rural areas in northern Netherlands.
In June 2016, Nokia has demonstrated world's first 5G networks on commercial platforms to bring the momentum for the growth of 5G technology to commercial reality.
In June 2016, Ericsson has launched a 5G plug-ins technology to address rising 5G demands by enabling the smooth operation and the development of networks to secure their 5G future.

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