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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.
Geographically, the global 5G technology market is divided into Europe, North America, Asia Pacific,
and Rest of the World. The U.S. market is estimated to grow robustly during the forecast period. This is
because of increasing subscriptions in the region. The Asia-Pacific market too will register significant
growth. Various countries such as China, Korea, and India will invest huge sums to support ongoing
developments and initiatives in 5G technology. The government of United Kingdom is expected to
launch its 5G strategy by 2017. In its recent budget, the government focused on the significance of
mobile spectrum and prepared the nation to receive the new technology.
The growing need for faster internet in China will stimulate the 5G market in this region. Even the
Indian government has spent USD 5.5 million over the last couple of years on 5G technology. This
investment was primarily directed towards advanced research and development. Most companies
operating in this market strive to introduce novel technologies to gain competitive advantage. Also,
countries, such as Japan, are planning to exhibit their innovations during the 2018 winter Olympics and
2020 summer Olympics.
Key players in the 5G technology market are Verizon Communications Inc. (U. S.); Nokia Networks
(Finland); Samsung Group (South Korea); AT&T Inc. (U. S.); The Fraunhofer Society (Fraunhofer-
Gesellschaft); NTT DoCoMo Inc.; Qualcomm Inc. (U. S.); Alcatel-Lucent S. A.; Huawei Technologies
Co. Ltd. (China); and Telefónica S. A. In 2014, Ericsson signed a deal with SK Telecom Co. Ltd. f or 5G
technology research and development. With a view towards ensuring a strong standardized network,
various public bodies such as the Institute of Electrical and Electronics Engineers, the ITU, 3GPP, and
a few universities have been adding value to the 5G technology industry.
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