The Business Research Company’s 5G
Technologies Market covers market characteristics, size and growth,
segmentation, regional and country breakdowns, competitive landscape, market
shares, trends and strategies for this market.
The 5G technologies market
consists of sales wireless communication services. The 5G technology is the
next generation of wireless communications which is expected to provide
internet connections that are around 40 times faster than the 4G LTE
technology. The 5G technology may use various spectrum bands, including
millimeter wave (mmWave) radio spectrum, with the ability to carry a very large
amount of data for a short distance.
Major players in the market are Qualcomm, Intel Corporation, Ericsson,
Samsung, AT&T
The initiatives taken by
governments worldwide to promote and rollout the emerging 5G technology is a
major driver for the 5G technologies market. This is mainly because the 5G
technology has a significant impact on mobile networks, physical networking,
computing facilities, hosting and deployment systems, and service and
infrastructure orchestration. It has become imperative for every government to
ensure that the 5G technology reaches its maximum potential, as it supports
thousands of new applications for consumers and businesses in manufacturing,
energy, healthcare, and automobiles markets. For example, the Chinese
government is expecting to initiate commercial rollouts of 5G by 2020 with
3400-3600 MHz band. The government also plans on using spectrum of 25 and 40
GHz frequencies to ensure high speed internet throughout the country.
Similarly, phone carriers AT&T, Verizon, T-Mobile and Sprint have plans to
introduce their mobile 5G networks in the USA in 2019.
Security and privacy concern is
an important restraint for the 5G technologies market. This is mainly because
the 5G technologies market faces both standard and sophisticated cybersecurity
threats, and the security of user's data becomes a critical challenge for the
5G wireless transmission system/infrastructure because of a large number of
devices connected to the network and diversity of the technology. For example,
according to experts at the Canadian Wireless and Telecommunications
Association event in 2019, 5G networks have 200 times more attack vectors, or
paths to gain access to a network, than their 4G predecessors.
The increasing collaborations
between 5G technology companies is an emerging trend in the 5G technologies
market. This is mainly because these companies are focusing on developing a
strong 5G infrastructure and facilitating innovative platforms, by sharing
their resources, knowledge, technology and cost. Such collaborations are also
helpful to the companies in case of expiring licenses, lack of technological
know-how and stringent regulatory environment. For example, in February 2019.
View complete Report: https://www.thebusinessresearchcompany.com/report/5g-technologies-global-market-report
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