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Millimeter Wave Technology Market Size USD 3.88 Billion By 2027 At A CAGR Of 37.1%

(0) BANGALORE, India, Dec. 15, 2020 /PRNewswire/ Millimeter Wave Technology Market is segmented by Component (Solution and Services), Deployment (On-Premise and Cloud), End User (Commercial, Individual and Others), Application (Access VPN, Intranet VPN, Extranet VPN and Others). This report is published on Valuates Reports in the Internet & Telecom Category. It also covers Global & Regional Opportunity Analysis and Industry Forecast to 2027. The global millimeter wave technology market size is expected to reach USD 3.88 Billion by 2027 from USD 369.9 Million in 2019, growing at a CAGR of 37.1% from 2020 to 2027. Major factors driving the growth of Millimeter Wave Technology Market size are, increase in broadband and mobile speeds with growing utility and demand, rise in usage of millimeter waves in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications.