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5G Technology Market Expecting an Outstanding Growth Till 2024 | Hexa Research

Posted by Gomez011 on September 19th, 2017


The global 5G Technology Market is expected to witness significant growth over from 2016 to 2024 (forecast period). Rising worldwide adoption of internet-enabled devices will drive the industry. Mobile service providers believe that 5G services will be rolled out by 2020 to meet customer and business demands.


Surging demand for extensive network coverage and high speed internet from various industry applications will propel market growth. These include autonomous driving, distant learning, video conferencing & multi-user gaming, telemedicine, and opera live streaming. 5G technology will improve mobile network performance capabilities to a marked extent. It can also play a key role in establishing foundational infrastructure.


Furthermore, increasing mobile broadband adoption and machine-to-machine communication in companies will fuel industry growth. High rates of data transfer along with low power consumption will also exhibit a positive impact..


Popularity of high-speed internet for enhanced real-time response will propel the global 5G technology industry in the years to come. However, the dependence of this technology on other technologies, such as millimeter wave propagation and IPv6 transmission protocol could restrict market performance.


Browse Details of Report @
style="text-align: justify;">The global industry is categorized on the basis of technologies, applications, and regions. The technology segment comprises Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX). Applications include healthcare, government & utilities, retail, individual users, offices, and defense & military. Owing to high investments in research & development, the application segment is led by government & utilities.