5G Connections Market Forecasts 2021-2026

Posted by Sonika on May 17th, 2021

Bharat Book Bureau Provides the Trending Market Research Report on "5G Connections Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) "Media and Technology Market Research Teports section. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The Global 5G Connections Market was valued at USD 4.98 billion in 2020, and it is projected to be worth USD 497.24 billion by 2026, registering a CAGR of 95.73% during the period of 2021-2026. In 2020, it was expected that 5G, at least in its earliest version, would see mobile network operator (MNOs) globally launch deployment widely within their networks in both urban and rural areas; taking considerable advantage of the move by telecom regulators to free up spectrum in few frequency bands. Then the COVID-19 pandemic hit worldwide, causing significant supply chain interruptions that slowed down the expanded rollout of 5G at the beginning of 2020.

- 5G network, being the next generation of mobile networking standards, is poised to deliver an enhanced end-user experience by offering new services and applications through seamless coverage, high data rate, low latency, and considerably improved performance and effective communications.
- 5G, characterized as Enhanced Mobile Broadband (eMBB), is expected to improve mobile internet users with higher speeds and better user experience in dense or high mobility environments. It will support high-bandwidth services such as Virtual Reality (VR) and Augmented Reality (AR) and apps. 5G will enable Massive Machine-type Communications (mMTC) and will allow the connection of a massive number of connected devices, which together comprise the Internet of Things (IoT).

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Competitive Landscape

The competitive rivalry among the players in the 5g connections market is high owing to the presence of some major players such as AT&T, Verizon, Vodafone with established capabilities and relatively smaller players focussing on innovation. Their ability of leading players to continually innovate their offerings would enable them to gain a competitive advantage over other players. Recent developments in the market are -

- March 2021 - AT&T added a fixed 5G wireless solutions to their nationwide business-focused broadband network, which combines the AT&T Wireless Broadband and their developing business fiber network. The business fiber network connects more than 2.5 million business customer locations with fixed and wireless solutions nationwide, and the addition of 5G is expected to accelerate the growth even further.

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