Current Business Affairs Global 5G Technology Market 2018

5G Technology Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast To 2025
Market Definition:
5G Technology is a fifth generation wireless network technology which is based on the IEEE 802.11ac standard. The
technology is in the developing phase and is expected to reach commercial market by 2020. 5G technology offers
features such as, increased peak bit rate, larger data volume per unit area, low cost of infrastructure development,
higher reliability of the communication and better connectivity, irrespective of the geographic region. The primary
technologies included in 5G include millimeter wave bands (26, 28, 38, and 60GHz) offering high performance, as high as
20 gigabits per second (Gbps); and massive multiple input multiple output (MIMO), with 64-256 antennas, which offers
ten times higher performance over 4G networks, using frequencies from 600MHz to 6 GHz, especially the 3.5-4.2 GHz
frequencies. 5G technology is expected to be the most important technology for developing artificial intelligence,
drones, self-driving vehicles, robots and other machines that transmit massive data in real time
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Market Analysis with Latest Growth Factors:
The main evolution in technology as compared to 4G is the improved data speed. Also, the new 5G technology offers
low latency, as low as one millisecond, which provides real-time interactivity for services using the cloud and IoT
platform. Moreover, the 5G technology includes advanced LTE and Wi-Fi coupled with new technology that easily sets
with machine control and augmented reality operations. The technology is designed to offer low power consumption,
which will help the connected devices to operate for longer time span, in comparison to their earlier operational
timings. Increasing demand for high data speeds, rising broadband services over mobile networks and achieving stable
growth in the mobile data traffic are few major factors driving the growth of global 5G technology market.
Major Key Players:
The prominent players involved in the development of 5G technologies, includes Samsung, Intel, Qualcomm, Nokia,
Huawei, Ericsson, ZTE, Ooredoo, AT&T, Alcatel-Lucent, Telefonica, Orange and Verizon Communications, among all the
other players. Ooredoo, an international Telecommunication company, based in Qatar launched 5G commercial network
in May 2018 and became the first company to launch 5G technology commercially globally. The players are also involved
in research & development, acquisitions, expansions and collaboration for their strategic growth.
Market Segmentation: