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5G Technology Market Share, Application,Growth, Market Leader,
Research and Forecasts to 2024 | Hexa Research
“ The global 5G technology market is expected to witness significant growth
over from 2016 to 2024.”
27 November 2018
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.
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