WiseGuyReports.Com Publish a New Market Research Report On –“ 5G Wireless Ecosystem Market Acquisitions, Partnerships, and Global Regional Expansion Research Forecasts 2030”.
Pune, India - September 19, 2019 /MarketersMedia/ —
5G Wireless Ecosystem Industry 2019
Description:-
These days, the internet is becoming a necessity for a common man. Billions of people show their interest to even a small development in mobile network infrastructure as it affects their day to day life.
Despite the unavailability of LTE in different regions of the world, mobile operators started the research and development (R&D) initiatives for new generation internet facility called 5G.
5G Wireless network often treated as the next revolution in network industry as it will not only provide high-speed internet services but also it will offer assistance in different sectors like self-driving cars, holographic telepresence in 3D and cloud robotics.
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Though 3GPP and other standard development organizations yet to define the first phase of 5G specification, 5G Wireless network is currently underway in different countries like the USA and South Korea in trial mode.
There is a huge competition in the industry itself to become the first provider to provide 5G services. As a result, the infrastructural development work is going in full swing throughout the world.
Although most people consider 2020 will be the starting chapter for 5G commercialization, the first official 5G is expected to mark by 2019 itself.
It is expected that between the year 2017-2030, the 5G network will grow aggressively. The compound annual growth rate (CAGR) is expected to be around 70%. The industry is predicting an annual production of 520 million 5G-enabled devices.
Segmentation of market
The market has segmented into Type, Application, and Region. The Type covers Femtocell, Pico Cell, MicroCell, and MacroCell. By application, it covers multiple aspects like Autonomous Driving, Smart Farming, Logistics and Shipping, Security and Surveillance, Smart Home, Industrial IoT, Smart Cities, and Healthcare.
Regional Segmentation
The regional segmentation of the global 5G Wireless market includes regions like Indo-Pacific, Eastern Europe, Latin, and Central America, MEA region (the Middle East and Africa), North America, Western Europe and Rest of the World (ROW).
The report includes countries like Malaysia, Vietnam, Canada, United States, Singapore, Mexico, France, Italy, South Korea, China, India, Thailand, the UK, Germany, Spain, Australia, Philippines, Indonesia, and Japan.
The Indo-Pacific will generate the maximum scope for the upcoming 5G wireless market. Countries like China and India will be the flag bearer in the region. The USA has an important role to play in terms of innovation. Any steps from the USA side might affect the entire world. Europe will also capture a good percentage of market share in the coming years.
Major shareholders
Broadcom, Intel, Qualcomm, Skyworks Solutions and Xilinx.
Current Trends in industry
On April 3, 2019, South Korea launched a nationwide 5G Wireless network program on 3rd of April, 2019. South Korea becomes the first country in the world to launch a nation-wide 5G program. SK Telecom, LG Uplus, and KT were responsible for the whole set-up.
Indian Institute of Technology (IIT) Delhi installs India’s first 5G research center. The center will be responsible for R&D and 5G equipment manufacture.
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Source: MarketersMedia
Release ID: 88920757
