Daily Technology News

Technology News and Press Release Distribution Services

About US | Contact Us

Home | Technology News | Submit Press Release | Submit RSS Feed
Unlimited Press Release Distribution
Press release distribution service

IT News Media

CIO News
PC World
Tech Republic
Wall Street Journal Digital
Submit press release to these Tech media distribution list.

Technology News Releases

Global 5G Services Market Size is Anticipated to Reach $249.2 billion by 2026 — Exclusive Report by MarketsandMarkets™

(IT-NEWSWIRE.COM, November 07, 2022 ) The global 5G Services Market size to grow from USD 53.0 billion in 2020 to USD 249.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period. The presence of various key players and several network infrastructure providers from the telecom ecosystem has led to competitive and diverse market. The increasing business demand for enhancing network efficiency, high speed, and virtualization of network security is expected to make the 5G a dominant market.

Technology represents huge opportunities for enterprises enabling new use cases in businesses. The increasing mobile network data traffic, the growing need to transform the mobile broadband experience, and development of smart infrastructures are the key factors driving the global 5G services market growth. High Costs required for the deployment of 5G network may limit the market growth. However, on the other hand, there are significant growth opportunities for 5G services vendors. The growing demand for high reliability and low latency networks, Unleashing massive IoT ecosystem and critical communications services ,and growing demand for private 5g network across enterprises, governments, and industrial sectors are expected to shape the future of the 5G services market. Delay in spectrum harmonization across geographies may pose a challenge to market growth.

Browse in-depth TOC on 5G Services Market

148 Tables
53 Figures
246 Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226908556

The enterprises segment has a key role to play in the 5G services market and is expected to grow at a higher CAGR during the forecast period. The most significant value of 5G will not come from connecting people, but from its ability to provide seamless connectivity to infrastructures, machines, and things. 5G is set to become the foundation platform for several new applications in verticals, such as manufacturing, transportation, and healthcare. However, capabilities and standards required to unlock a new world of enterprise services are still under development. Consequently, commercial 5G enterprise applications, such as Industry 4.0 factories, autonomous driving cars, and robotic surgeries, are already in the execution phase. Latency-dependent and time-sensitive applications, such as automated vehicle driving and telerobotics, will especially benefit from edge computing in combination with 5G network slicing.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=226908556

By communication type, the Enhanced Mobile Broadband (EMBB) segment is expected to hold a larger market size during the forecast period. 5G commercial deployments are driven by enhanced Mobile Broadband (eMBB) service. To enable an early roll out of eMBB services, 3GPPs RAN group has committed to finalize a Non-Standalone (NSA) 5G New Radio (NR) variant. 5G NSA deployment focuses on eMBB, which is using the existing 4G network supplemented with 5G NR carriers and is capable of offering greater data bandwidth with minimal latency.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=226908556

APAC is expected to grow at the highest CAGR during the forecast period. The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the 5G services. Due to a massive mobile subscriber base, enterprises in this region are becoming more competitive and focusing on offering better customer service. The region is set to dominate 5G, edge computing, blockchain, and 5G core technology, due to its size, diversity, and the strategic lead taken by countries, including Singapore, South Korea, China, Australia, and Japan.

Browse Adjacent Market: Mobility & Telecom Market Research Reports & Consulting

Related Reports

Smart City Platforms Market Global Forecast to 2026

Cloud Security Market Global Forecast to 2026

Network As a Service Market Global Forecast to 2026

Artificial Intelligence Market Global Forecast to 2026

Wi-Fi Market Global Forecast to 2026

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the Growth Engagement Model GEM. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write Attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarketss flagship competitive intelligence and market research platform, Knowledge Store connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +18886006441
Email: sales@marketsandmarkets.com
Content Source: https://www.globenewswire.com/news-release/2022/10/25/2541059/0/en/Global-5G-Services-Market-Size-is-Anticipated-to-Reach-249-2-billion-by-2026-Exclusive-Report-by-MarketsandMarkets.html


Mr. Aashish Mehra



Source: EmailWire.Com

Technology News By Sector
  • Application Development
  • Big Data
  • Desktops
  • Cloud Computing
  • Data Centers
  • Mobile Computing
  • OS
  • Open Source
  • Security
  • Virtualization

     Sign-Up To Our Free Newsletter!  
    IT-NewsWire Newsletter

    Technology Marketplace

    Free Information Technology Magazines, Downloads
    Get free tech publications including magazines and white papers
    Amazon, Inc News Headlines
    Read breaking news about Amazon.com as reported by TV news anchors and summaries news articles from New York Times

    Free Computer Security Magazines
    Download or subscribe to latest IT Security publications -- free of charge.

    Microsoft News
    Microsoft financial and at Work: read news about MSFT hardware, software and services.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!

    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    IT-Newswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright 2013 GroupWeb Media LLC. All Rights Reserved.

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    IT-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC