5G Technology Market: By Offerings (Hardware, Software, and Services), By Technology (Wi-Fi, HSPA, RAT, GSM, and WiMAX), By Application (AR/VR, Connected Automotive, Smart Manufacturing, Connected Energy, Wireless eHealth, Connected Drones, Smart Cities and Others) and By Region-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029.

                                          
Abstract
                    
5G Technology is basically 5th generation mobile network technology. It is the latest form of cellular network technology and is still in commercialization phase. It is observed to be most advanced form of network technology with unbeatable benefits such as 20 GBPS data transmission rate and extensively low latency of 1 MS.

5G is a next generation telecom network technology that provides broadband access. Beyond improved speed, it is also expected to support massive demand of IoT ecosystem where it can serve communication needs of connected devices worldwide. It has revolutionized the field of wireless networking and has enhanced machine-to-machine devices connectivity management. This will help in enhancing market for various sectors and also create opportunity for connected and smart devices.

The demand for smart phone is emerging and almost everyone in the world is using it. The increasing usage of smart phone for entertainment and work related activities is contributing to the market growth. Activities such as online gaming, VR headsets to enhance experience, video conferencing download files, application based entertainment via Netflix, hotstar and amazon is driving the need for smartphones. Moreover, rising digitalization and increasing online orders of food and products along with cab bookings is expected to support growth in the years ahead.

Due to increased usage of wireless mobile networks, the society has extremely exposed to security issues. Globally rising cyber-attacks is anticipated to hamper overall market growth to some extent. Remarkable progress in telecommunications and networking technologies is forecasted to result in lucrative market opportunities.

Global 5G technology market is segmented on the basis of offerings, technology, applications, and geography. Offering segment is majorly classified into hardware, software, and services. Services sub segment of the market is anticipated to flourish during forecast time frame. Based on technology, the market bifurcated into Wi-Fi, GSM (Global System for Mobile), RAT (Radio Access Technologies), HSPA (High Speed Package Access), and WiMAX (Worldwide Interoperability for Microwave Access). 5G technologies is implied in diverse applications including AR/VR, connected automotive, smart manufacturing, connected energy, wireless e-health, connected drones and smart cities among other. Market demand in Augmented and Virtual Reality segment is expected to witness remarkable growth.

On the basis of geography, 5G technology markets is categorized into five main regions including North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Attributing to strong presence of prominent 5G technology providers, North America is anticipated to attain substantial market share. Furthermore, the United States is observed to dominate in the region.

Some of the globally renowned participants of 5G technology market are SK Telecom, Ericsson, Qualcomm Technologies, Inc., Nokia Networks, Deutsche Telekom AG, AT&T, Inc., Telecom Italia, Huawei Technologies Co. Ltd., Orange, S.A., China Mobile Limited, Verizon Communications, Inc. and KT Corporation among others.

The report segments the 5G technology market as follows:

Global 5G Technology Market: By Offerings Segment Analysis

	Hardware
	Software
	Services

Global 5G Technology Market: By Technology Segment Analysis

	Wi-Fi
	HSPA (High Speed Package Access)
	RAT (Radio Access Technologies)
	GSM (Global System for Mobile)
	WiMAX (Worldwide Interoperability for Microwave Access)

Global 5G Technology Market: By Application Segment Analysis

	AR/VR
	Connected Automotive
	Smart Manufacturing
	Connectecd Energy
	Wireless eHealth
	Connected Drones
	Smart Cities
	Others

Global 5G Technology Market: By Region

	North America
	
		U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa