5G Market to Grow US$23.95 billion by 2025 at a CAGR of 56.39%

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The 5G market is expected to grow from US$ 2.56 billion in 2020 to US$ 23.95 billion by 2025 at a CAGR of 56.39% between 2020 and 2025.

The new versatile research report on Global 5G Market aims to promise a unique approach to the industrial assessment of the market covering the most important factors driving the growth of the industry. The 5G Market report provides current and future technical and financial details of the industry. One of the most comprehensive and important additions to The Insight Partners market research archive. It provides detailed research and analysis of key aspects of the global market.

5G is employed in three sorts of connected services: enhanced mobile broadband, mission-critical communications, and enormous Internet of Things. Forward compatibility is a feature of 5G technology, which means it may be used with a wide range of devices, including smartphones, laptops, security systems, and more. It also has the flexibility to handle future services that call for greater internet speeds and ultra-low latency. 5G mobile technology can usher in new immersive experiences such as VR and AR with faster, more consistent data rates, lower latency, and cheaper cost-per-bit, in addition to making smartphones better. With ultra-reliable, accessible, low-latency networks, 5G can enable new services that can alter sectors, such as remote control of key infrastructure, automobiles, and medical operations. Further, higher data rates are projected to be demanded as the demand for edge computing grows along with the amount of data generated by IoT devices. Thus, increasing penetration of IoT technology is contributing toward the growth of the 5G market.

The 5G market is expected to grow from US$ 2.56 billion in 2020 to US$ 23.95 billion by 2025 at a CAGR of 56.39% between 2020 and 2025.

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Companies Profiled in this report includes: T-Mobile USA, Inc.,Cisco Systems, Inc.,ATT, Inc.,Qualcomm, Inc.,Ericsson,Huawei Technologies Co. Ltd.,Verizon Communications, Inc.,Nokia Networks,Telefonica S.A.,Orange S.A.

The global 5G market is anticipated to exhibit high growth in near future. Some of the major driving factors contributing to the market growth includes growing need for an energy-efficient communications network infrastructure. Also, rising demands for network splicing on the functional aspects of the infrastructure to achieve network efficiency is expected to significantly drive the 5G industry. According to Qualcomm, 5G has been deployed in more than 60 countries worldwide and is continuing to grow.

MARKET SEGMENTATION

By Networking Infrastructure

  • Small Cell
  • Macro Cell
  • Others

By Industry Vertical

  • Smart Automotive
  • Healthcare
  • Smart Transportation Logistics
  • Consumer Electronics
  • Industry Automation
  • Building Home Automation
  • Others

Reason to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 5G Market.
  • Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
  • The key findings and recommendations highlight crucial progressive industry trends in the 5G Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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