5G Technology Market Analysis, Revenue, Share, Statistics, Growth Rate and Forecast to 2030

The Global 5G Technology Market size valued to USD 5.53 billion in 2020 shall witness an elevation of USD 620.72 billion by 2030, with a growing CAGR of 58.6% from 2020-2030.

The 5th Generation digital cellular network is the high-tech innovative network technology that promises faster download & upload speeds, smoother streaming of online content, higher-quality voice, & video calls, more reliable mobile connections, greater number of connected IoT devices, as well as expansion of advanced technologies – such as self-driving cars and smart cities.

Access Full Description of this report at:-

https://www.nextmsc.com/report/5g-technology-market

Top Companies: Intel Corporation, Deutsche Telekom Ag, Ericsson, Huawei Technologies Co., Ltd, Nokia Corporation, Orange, Qualcomm Technologies, Inc, Telecom Italia, Telstra, T-Mobile Usa, Inc and others.

The global 5G technology market share analysis is based on offering, connectivity, application, end user and geography.

Based on connectivity, the market is segmented into Enhanced mobile broadband (eMBB), Ultra-reliable low latency communication (URLLC) and Massive machine type communication (mMTC). Based on offering, the market is branched into Hardware, Software, and Services. Based on application, the market is categorized into Connected vehicles, Monitoring & tracking, Automation, Smart surveillance, VR & AR, Enhanced video services, and Others. Based on end user, the market is divided into Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Request free sample copy of this report at:-

https://www.nextmsc.com/5g-technology-market/request-sample

North America is expected to dominate the global 5G technology market throughout the fore-cast period, owing to higher adoption of 5G technology and the presence of advanced infrastructures.

The 5G technology market study depicts that 60% of North American consumers are willing to pay extra for 5G coverage. Besides, it is estimated that the 5G technology will contribute $2.2 trillion to the global economy between 2020 and 2030, of-which the financial services in North America shall benefit the most.

Asia Pacific is expected to show rapid growth over the forecast period; the major contributors being India and China. Furthermore, fast developing infrastructure, increased use of digital devices, increased use of smartphones and the increasing integration with existing devices are expected to fuel-up the growth of 5G technology market.

Postal Address:
2/90/A, Azadgarh, Regent Park, Kolkata, West Bengal, India, 700040
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.