Published on : Mar 07, 2017
ALBANY, NY, March 07, 2017: The report covers the concepts of 5G and the estimated technical specifications that will govern this technology to meet the requirements of vertical industries. It sheds light on the selected verticals, which are automotive, healthcare, manufacturing, energy, and passenger transport. It further identifies new expected services, including logistics and media and entertainment. It takes into consideration the historic and current scenario to predict the trends of the market up to 2025.
Large network coverage and high-speed data, along with massive data capacity, are imparting the primary appeal to the 5G technology. Some of the technologies involved in the 5G network are radio access technologies (RAT), wireless internet for frequent interface (Wi-Fi), high-speed package access (HSPA), worldwide interoperability for microwave access (WiMAX), and global system for mobile (GSM). Factors such as increasing machine-to-machine communication in organizations, burgeoning demand for broadband services over mobile networks, and soaring need for spectrum sharing are augmenting the global 5G technology market.
Moreover, the rise in several applications such as distance learning, autonomous driving, opera live streaming, multi-user gaming and video conferencing, telemedicine, augmented reality, and smart city projects are likely to trigger the adoption of this technology. However, some of the 5G features are expected to get incorporated in LTE-A+, which will reduce the differentiation factors between the two. This factor is estimated to hamper the growth of the global 5G technology market.
Click to get more details with TOC in a PDF Format: http://www.researchmoz.us/enquiry.php?type=S&repid=979307
North America is anticipated to be a key revenue contributor to the growth of the 5G technology market and its verticals. Favorable government initiatives are providing a significant boost to the growth of the market in this region. To put this in perspective, in 2015, the Federal Communications Commission (FCC) in the U.S. announced policies that would assess the allotments of frequencies for 5G and support the development of new broadband-connected appliances and devices. Countries such as South Korea, Japan, and China are estimated to be at the forefront of the growth of the market in Asia Pacific.
The 5G technology is yet to be commercialized. The standards are envisaged to be defined by 2018 and several players are planning to launch this technology by 2020. Some of the prominent companies operating in the 5G technology market are Deutsche Telekom AG, Alcatel-Lucent S.A., Fraunhofer-Gesellschaft, NTT DOCOMO Inc., Huawei Technologies Co. Ltd., Qualcomm Inc., Ericsson (Telefonaktiebolaget L. M. Ericsson), Samsung, and Nokia Siemens Networks.
In order to maintain a robust standardization framework, several universities such as Aalto University, Aalborg University, KTH - Royal Institute of Technology, Chalmers University of Technology, University of Bremen, National and Kapodistrian University of Athens, Poznan University of Technology, RWTH Aachen University, University of Oulu, and University of Kaiserslautern are contributing to the development of 5G technology.
To order report Call USA – Canada Toll Free: 866-997-4948 or send an email on email@example.com