Nov 13, 2020, 08:22 EST
Shibuya-ku, Tokyo, Japan, Japan, Nov 13, 2020, 08:22 /Comserve / -- Global 5G wireless ecosystem Market is valued approximately at USD 16.88 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 60.00% over the forecast period 2019-2026.
Global 5G wireless ecosystem Market is valued approximately at USD 16.88 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 60.00% over the forecast period 2019-2026. The 5G technology is a revolutionary shift in the field of wireless networking to manage connectivity management for a number of machine-to-machine devices. Also, the 5G technology is expected to ease wireless networking management for a vast number of machine-to-machine devices. Deployment of 5G technology offer several advantages over 4G network such as high-speed data transmission and higher efficiency.
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The growth of the market is primarily driven by the rising usage of mobile devices and R&D initiatives taken by government to promote the adoption of 5G technologies. For Instance: The federal government has announced to invest around 40 million pound considering the 5G testing and trail projects across United Kingdom. This investment made by the government is aimed at government plans focused towards enhancement & improvement of mobile connectivity. Also, The federal government has already exceeded its aim to make around 500MHz of public sector spectrum available for commercial use by the end of the year 2020 & would continue to work with departments to explore opportunities for more spectrum to be made available, further paving the way for the growth and development of 5G infrastructure market. However, concerns related to data security and privacy is expected to impede the growth of the market over the forecast period.
The regional analysis of global 5G wireless ecosystem market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to hold a notable share in terms of revenue owing to the growing usage of smartphones, massive demand for connected devices. Also, the presence of prominent players has been the key force driving the growth of the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period. Factors such as government support to support 5G technologies in China and India also expected to drive the growth of the region during the forecast period of 2019-2026.
Major market player included in this report are:
Verizon Communications Inc.
Vodafone Group Plc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Rest of the World
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