5G Technology Market worth 89.0 Million Subscriptions by 2022
August 29, 2016 | MarketsandMarketsEstimated reading time: 2 minutes
According to the new market research report "5G Technology Market and Its Impact on Communication and IoT Market (R&D Spending and Trial Investments, Technology Requirements, Future Roadmap, Spectrum Consideration, Key Strategies, Regulatory Landscape, and Application Trends & Geographical Analysis)", the 5G technology is expected to get developed by 2020 and is yet to be commercialized. The total number of subscriptions for 5G technology is expected to reach 89.0 Million by 2022. The prominent factors that are driving the paradigm shift toward new broadband technology include the rising demand for high data speed and large network coverage, significant growth in the mobile data traffic, growing machine-to-machine communication in organizations, and need to support the increasing demand for broadband services over mobile networks.
Funding from governments and several private organizations is adding the pace for the deployment of 5G technology
A significant amount of funding have been provided by the public and private organizations, and established research projects have been undertaken for the development and promotion of 5G technology in European Union (EU) and APAC. The EU has invested heavily in R&D to ensure that Europe takes the leading role in deploying the new-generation mobile broadband technology. For example, 5G Infrastructure Public Private Partnership (5G PPP) has been initiated by the EU Commission and industry manufacturers, telecommunications operators, service providers, SMEs, and researchers. In addition, several countries in APAC such as China, Japan, and South Korea have stated to taking up developmental projects to establish regional and/or national leadership positions in wireless R&D related to the 5G technology.
LTE would be the dominant technology by 2022
On a global scale, GSM/EDGE would continue to lead, in terms of subscription numbers, till 2017. This is because new and less affluent users entering the networks in growing markets are likely to use low-cost mobile phones and subscriptions available. Currently, the number of subscriptions in GSM/EDGE represents the largest share; but by 2021, both LTE and WCDMA/HSPA mobile subscription numbers are expected to be more than double of GSM/EDGE subscriptions. In technologically advanced markets such as the U.S. and Japan, there already has been a substantial shift toward more advanced technologies which has resulted in a slight decline in GSM/EDGE subscriptions. However, in developing markets such as India EDGE/GSM remains a viable option as less affluent users are likely to choose low-cost mobile phones and subscriptions.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
Suggested Items
Orbex Secures £16.7m Investment for Rocket ‘Ramp Up’ Period
04/24/2024 | OrbexThe UK spaceflight company Orbex has received £16.7m from six backers in an update to its Series C funding round.
Real Time with... IPC APEX EXPO 2024: Going Vertical: SCHMID's Advanced Solutions for Printed Circuit Boards
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont chats with Bob Ferguson, the president of SCHMID, about advanced solutions for PCBs and the equipment they are highlighting at this year's show. He delves into vertical no-touch handling systems and the prospect of achieving sub-10-micron lines. Inspired by SCHMID's technology, Bob expresses excitement about where the industry is today.
Real Time with... IPC APEX EXPO 2024: Advancements in Laser Depaneling with LPKF
04/24/2024 | Real Time with...IPC APEX EXPOJake Benz, LPKF sales manager for North America, discusses the company's advancements in laser depaneling. LPKF has introduced a green wavelength laser for processing rigid FR-4 circuit boards, bringing significant gains in processing speeds to market. The company transitioned from IR CO2 to UV wavelength due to heat and burning issues.
Adura Solutions Exhibits at Del Mar 2024
04/24/2024 | Adura SolutionsSumit Tomar, CEO of Adura Solutions, has announced that his company will be exhibiting at this year’s Del Mar Electronics and Manufacturing Show to be held at the Del Mar Fairgrounds, San Diego, California, April 24-25.
Winner of The Science Show Rakett 69 Receives Incap Scholarship
04/24/2024 | IncapThe winner of the Rakett 69 science show, Andri Türkson, who stood out as an electronics enthusiast, received a scholarship from Incap Estonia, along with an internship opportunity in Saaremaa.