Global 5G Technology Market
5G Technology Market Size And Forecast
According to Verified Market Research, the Global 5G Technology Market was valued at USD 1.07 Billion in 2018 and is projected to reach USD 626.84 Billion by 2026, growing at a CAGR of 121.9 % from 2019 to 2026.
Global 5G Technology Market Outlook
The growing demand for the need of high internet speed and enhanced data connectivity is the key factor driving the market growth. In addition, the increasing development in the industries such as machine to machine communication, growing adaption for the IoT connected devices and edge computing are some other factors fueling the market growth. Moreover, the requirement for low latency connectivity led to imposing a positive outlook on the market growth. However, the issues related to the implementation of the fiber backhaul and deployment of small cells, expected to hamper the market growth.
Global 5G Technology Market Competitive Landscape
The Global 5G Technology Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Deutsche Telekom AG, Huawei Technologies Co., Ltd., Orange, Telecom Italia, Telstra, T-Mobile USA, Inc., Intel Corporation, Ericsson, Nokia Corporation, and Qualcomm Technologies, Inc.
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