5G Technology Market Size, Share | Forecast Report, 2023

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5G Technology Market 2016 2023
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Global Market Scenario of 5G Technology

• 5G Technology Market size is projected to
  experience significant growth prospects from 2016
  to 2023. 
• Surging adoption of internet enabled devices
  across the globe is likely to drive industry
  growth over the forecast period.
• This technology offers very high bandwidth for
  mobiles and advanced features for various smart
  devices. In addition, it is considered to be
  extremely endurable for WWWW (Wireless World Wide
  Web).
• It is likely to support millimeter wave, M2M/IoT
  (Internet of Things), multiple-input and
  multiple-output (MIMO) application as well as
  device-centric network architectures, along with
  spectrum sharing functionalities.
• https//www.gminsights.com/industry-analysis/5g-te
  chnology-market

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• Surging adoption of mobile broadband as well as
  growing machine-to-machine communication in
  organizations is expected to fuel the global 5G
  technology market size over the forecast period.
• Superior data transfer rates accompanied by less
  power consumption when compared to its
  predecessors is projected to positively impact
  demand from 2016 to 2023.
• This technology offers internet speed between 10
  Gbps and 100 Gbps and provides ultra low latency
  range from 1ms to 10ms when compared to 4G
  technology that offers low latency range from
  40ms to 60ms. 
• his enables users to live stream and watch sports
  matches and events over the internet and this can
  be achieved using steerable antennas with mmWave
  (Millimeter Wave) technologies.
• https//www.gminsights.com/industry-analysis/5g-te
  chnology-market

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360 Analysis

• Application Analysis
• The 5G technology market can be categorized into
  Wi-Fi, radio access technologies (RAT), HSPA
  (high speed package access), worldwide
  interoperability for microwave access (WiMAX),
  and GSM (global system for mobile). Based on
  application, it can be segregated into retail
  sector, government and utilities, healthcare
  sector, defense and military, individual users,
  and offices.
• Regional Analysis
• Various countries such as Japan are now planning
  to showcase this innovation throughout during the
  PyeongChang 2018 Winter Olympics as well as Tokyo
  2020 Summer Olympics. This in turn is forecast to
  have substantial growth impact on 5G technology
  market size. For instance, in 2014, Ericsson
  entered into an agreement with SK Telecom Co. Ltd
  for joint research on these technologies in South
  Korea. Industry players are now focusing on
  introducing innovative technologies in order to
  gain competitive advantage.
• Competitive Market Share
• Industry participants accumulating significant 5G
  technology market share include ATT,
  Alcatel-Lucent, Telefonica, Orange, etc. Other
  prominent companies are Fraunhofer-Gesellschaft,
  Qualcomm, Huawei Technologies, Ericsson, Verizon
  Communications, Nokia Networks, Deutsche Telecom,
  NTT DoCoMo, and Samsung Group.

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