DUBLIN--(BUSINESS WIRE)--The "Global 5G Network Infrastructure Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.
The global 5G network infrastructure market is expected to have a CAGR of 70% during 2016-2023. The net market revenue is projected to reach up to $28 billion. 5G technology can add up to approximately 34% in the telecommunications sector by 2026, as stated by Ericsson. Due to the deployment of 5G technology, it provides several advantages such as high speed data transmission , more efficiency than 3G and 4G, large bandwidth shaping and manageable it have its application across telecommunication, IT, Education, Retail etc. .
North America is the leading market for 5G network infrastructure technology. Countries currently working towards the advancement of 5G technology are U.S South Korea, Japan and China .North America 59% of Americans uses smartphone that rose to 77% in 2016. According to Pew, held the highest revenue share in 2016. Out of total American population around 78% men and 75% women used smart phones in 2016.
Thus, increasing smart phone users in North America derives the demand for 5G network infrastructure in North America. The U.S is a strong player of the R&D of 5G as key market players such T-Mobile have plans for establishing 5G network infrastructure in the U.S. Also the U.S based market players such Verizon Communication and AT&T have successfully done 5G trials to ensure the deployment of 5G technology by 2023.
Companies Mentioned
- AT&T Inc. (U.S.)
- China Unicom (China)
- Cisco Systems (U.S.)
- Ericsson (Sweden)
- Huawei (China)
- Intel Corporation (U.S.)
- LG Electronics (South Korea)
- Nec Corporation (Japan)
- Nokia Corporation (Finland)
- Qualcomm Ltd. (U.S.)
- Samsung Electronics (South Korea)
- Sk Telecom Ltd. (South Korea)
- T-Mobile Ltd. (Germany)
- Verizon Communications (U.S.)
- Zte Corporation (China)
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/s99kjx/global_5g_network
