Ingenious E-Brain estimated the worldwide market for 5G services at USD 47.3 billion in 2021, and it is predicted to increase at a CAGR of 52.0 percent between 2022 and 2030.
5G is a next-generation wireless technology that will enable high-speed, low-latency connectivity. 5G Technology encompasses the full environment of hardware, software, and services required to deploy 5G networks. 5G connectivity technologies include increased cellular connectivity, ultra-reliable low latency communications, and massive machine-type communications, among others. 5G technology is anticipated to change how people communicate, enjoy themselves, and access the internet. 5G technology may operate in mm-wave bands, which are high-frequency bands spanning from 24 to 100 GHz, allowing for quicker data transfer.
5G is employed in three sorts of connected services: enhanced mobile broadband, mission-critical communications, and the 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 provides the flexibility to handle future services that call for greater internet speeds and ultra-low latency. 5G mobile technology can bring in new immersive experiences like VR and AR with faster, more consistent data rates, reduced latency, and cheaper cost-per-bit, in terms of making smartphones better. With ultra-reliable, accessible, low-latency networks, 5G can encourage new services which can alter sectors, such as remote control of vital infrastructure, automobiles, and medical operations.
Some organizations, depending on their sector, can take complete utilization of 5G capabilities, particularly those that require the higher throughput, low latency, and high network that 5G is meant to give. Smart factories, for example, might employ 5G to operate industrial Ethernet to boost operational effectiveness and efficiency.
The report offers a review of the worldwide 5G technology industry in terms of development opportunities and constraints based on the regional analysis and the technology landscape including a comprehensive competitive analysis of top players.
Some key players featured in the report are:
COVID 19 has enhanced the need for good channels of communication throughout the world, since health professionals and doctors may now contact patients for health services. However, owing to constraints, increasing remote operations, higher cloud computing usage, rising bandwidth utilization, and other industrial activities that have assisted the 5G Technology Market growth, the building of 5G towers have been delayed.
Due to a severe reduction in the business mobile and fixed services market internationally, experts expect a nearly 3.5 percent drop in market revenue. Furthermore, the market has been badly hit by the scarcity of component availability and the disrupted supply chain.
1.1. Objectives of the Study
1.2. Technology/Market Definition
3.1 Macro-Economic Factors
3.2 II. Forecast Factors – Relevance & Impact
3.3 Drivers, Restraints, Opportunities and Trends
3.4 Impact of Covid-19
III. By Application
V.By Industry Vertical