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The 5G enterprise market is expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by 2027, at a CAGR of 31.8%.
Sub-6 GHz is attributed to hold a major share of the 5G enterprise market during the forecast period
Sub-6 GHz held a larger market share in 2020 as it offers an amalgamation of coverage and capacity benefits to 5G users. The Sub-6 GHz spectrum is needed for extensive coverage of high-speed 5G mobile broadband across urban, suburban, and rural areas, as well as help support IoT services. It is essential that regulators assign as much coherent spectrum as possible in the 3.3-3.8 GHz range and consider the 4.5-5 GHz and 3.8-4.2 GHz ranges for mobile use.
Global Wireless Connectivity Market Report 2020-2025 - Significant Financial Support from Governments for R&D in the Internet of Things
April 08, 2021 04:23 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Global Wireless Connectivity Market is Estimated to Grow from USD 69.0 Billion in 2020 to USD 141.1 Billion by 2025, at a CAGR of 15.4%.
The major factors driving the wireless connectivity industry growth are increased demand for wireless sensor networks in the development of smart infrastructure, a significant increase in the internet penetration rate, growth in adoption of the internet of things (IoT), increasing trends like work from home and virtual learning pertaining to the COVID-19 pandemic, increased demand for low-power wide-area (LPWA) networks in the IoT applications.
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The global 5G core market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period.
The 5G core market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, URLLC, eMBB, and mMTC offerings.
The managed services segment is expected to grow at the highest CAGR during the forecast period
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global 5G Core Market (2020 to 2025) - Cloud-Native and Service-Based Architecture Is Driving Growth - ResearchAndMarkets.com
January 22, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 22, 2021
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The global 5G core market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period.
The 5G core market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, URLLC, eMBB, and mMTC offerings.