5G Technology Stands for 5th Generation Technology


5G technology stands for 5th generation, which offers very high bandwidth to mobile and advanced features. 5G technology is highly endurable to WWWW (Wireless World Wide Web). It is completely a wireless system, which was started in late 2010. 5G technology is planned to be a huge revolution for a growing market.

The 5G technology market mainly is driven by the growing demand for advanced smart-phones, tablets and other mobile devices.  Increased adoption of mobile broadband and growing machine-to-machine communications in organizations are another key factor to drive the 5G technology market. 5G technology is widely used in different application areas such as autonomous driving, distant learning, multi-user gaming, video conferencing, telemedicine, etc.

This has fueled the growth of the global 5G technology market. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2020 in terms of revenue (USD Million). Government and utilities, retail sector, healthcare sector, offices, defense & military and individual users are the application segments of the 5G technology market. Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this report are the U.S., Germany, France, UK, China, Japan, India, and Brazil. Some of the key players for the global 5G technology market include Alcatel-Lucent S.A., Aalborg University, Deutsche Telekom AG, Aalto Universities, etc.

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