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(IT-NEWSWIRE.COM, October 22, 2019 ) Market Overview:
5G is the fifth-generation cellular network technology. 5G networks are digital cellular networks, in which the service area covered by providers is divided into small geographical areas called cells. Analog signals representing sounds and images are digitized in the phone, converted by an analog to digital converter and transmitted as a stream of bits.5G will provide virtually ubiquitous, ultra-high bandwidth, and low latency "connectivity" not only to individual users but also to connected objects.
Market Dynamics:
The 5G Technology is primarily driven by the rise in the mobile data services by people all around the world. With the increase in the usage of smart mobile phone & tablets across the globe, there is high demand for the 5G enabled phones after the commercialization of the 5G technology will be the major driving for the 5G technology market in the forecast period. Increasing demand for the 5G enabled mobile phone is asking the mobile manufacturing vendors to launch new 5G enabled phones in the market.
However, due to high initial infrastructure development cost will be hampering the growth of 5G Technology in the forecast period.
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Market Segmentation:
By Application, the 5G Technology market is segmented into Automotive, Energy & Utilities, Retail, Intelligent Buildings & Infrastructures, Industrial Automation, Consumer Electronics, Public Infrastructure, and Others. Intelligent buildings & infrastructure have the dominant position in the 5G Technology market and are expected to retain its dominance in the forecasted period due to the increase in urban population coupled with the rise in the internet penetration in the developing countries like Brazil, China, and India. However, Automotive are also gaining the market due to the increasing demand of the autonomous vehicles with 5G enabled as there is low latency making it safer.
Geographical Analysis:
By geography, the market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America holds the largest market share for 5G Technology due to the rise in the autonomous cars, video-on-demand market, and growing trend in smart cities. With the development of fully automated autonomous vehicle in the region and high demand of the autonomous vehicles in the region will boost the market for the 5G technology in the region because of low latency in 5G allows the connected cars to access the conditions real-time making the journey safe and sound.
APAC region 5G Technology market will be growing with the higher CAGR due to the rise in the smart cities culture because of the rise of the population in the urban area. So, to use the resources optimistically by the population, smart cities culture is rising in the APAC region specially in India. With high demand for the 5G technology and the support by the China government will be driving the market for 5G technology market in APAC region market. For instance, China grants commercial licenses to 4 telecom companies to launch 5G services. The Ministry of Industry and Information Technology (MIIT) issued 5G commercial licenses to China Telecom, China Mobile, China Unicom, and China Radio and Television. Chinese officials say a comprehensive deployment of the network will help develop industrial manufacturing, internet-connected cars, healthcare, smart city management and Artificial Intelligence (AI).
Competitive Analysis:
The major players are Qualcomm, Intel, Ericsson, Samsung, and Qorvo. Other key players in the market include AT&T, Huawei, Nokia, MediaTek, Cisco, Cavium, Analog Devices, Verizon Communications, SK Telecom, and T-Mobile.
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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