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5G technology ROI market Growth
5G Technology ROI Market Expected to Reach $320.1 Billion by 2026
5G powers industry 4.0 with smart factories, robots, sensors, and automation, driving on-demand manufacturing and efficient supply chain operations.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, January 9, 2025 /EINPresswire / -- Allied Market Research, titled, "5G Technology ROI Market by Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020–2026," the 5G technology return on
investment market size was valued at $2.0 billion in 2020, and is projected to reach at $320.1 billion by 2026, growing at a CAGR of 132.8% from 2020 to 2026. 5G technology is expected to be the next biggest leap in communication technologies.
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5G technology is a new kind of network that enables everyone to connect virtually, including machines and devices. The increasing internet traffic with the increasing number of Internet of Things (IoT) demands for more resilient network. The 5G network is anticipated to accommodate the growing demand for high-speed mobile broadband. The low latency, high speed, and high capacity of the 5G network enables the data-intensive applications to perform efficiently. As a result, the 5G network can handle a massive number of devices that is considerably higher than 4G LTE. The peak download speeds of the 5G network being as high as 20 gigabits per second enable a wide array of IoT applications such as healthcare, energy, education, and transportation.
5G technology is propelling advancements in next-generation technologies such as remote precision medicine, virtual and augmented reality, and connected cars.
Ultrareliable and low latency communications (URLLC), massive machine-type communications (MTC), and enhanced mobile broadband (eMBB) are driving the 5G technology market. International standardization of 5G will expand the capabilities of businesses. Besides, the growing adoption of edge computing, the rapidly rising number of IoT devices, the surge in content streaming services, and the increase in demand for low latency connectivity in industrial automation are some of the prominent driving factors that fuel the growth of 5G technology. However, the availability of frequency bands, deployment of 5G infrastructure, and adequate investments are some of the major factors obstructing the growth of 5G technology rollout.
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Competitive Analysis:
The 5G Technology ROI industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players in the global 5G Technology ROI Market include,
Telefonaktiebolaget LM Ericsson
NTT DOCOMO, INC
Huawei Technologies Co., Ltd.
KDDI Corporation
Infineon Technologies AG
KT Corporation
AT&T Inc
Telekom Deutschland GmbH
SK Telecom
China Mobile
Verizon Communications Inc.
Nokia Corporation
The investments in 5G technology are gaining momentum for industrial and commercial applications shortly. There is an enthusiasm among businesses to capitalize on next-generation equipment to spearhead competition and strengthen their market position. For instance, Ford Motor Company, Volkswagen AG, and Volvo Cars AG are some of the leading players in the automotive industry that have initiated investment in 5G technology for the development of autonomous and connected cars. In industrial machinery, key market players such as Murata Manufacturing Co, Ltd., Sony Corporation, and LG Corporation are the few early adopters of 5G technology at their production sites. The early investors of 5G technology from the healthcare and life sciences industry are Rush University System for Health in the U.S., The Royal Liverpool University Hospital in the UK, Siemens Healthcare, and People's Liberation Army General Hospital in China.
In 2020, Asia-Pacific is leading in the deployment of 5G technology, followed by North America. South Korea, China, and the U.S. are leading in the building and deploying 5G infrastructure. AT&T Inc., China Mobile, and KT Corporation are some of the leading telecom operators that are continuously developing the 5G technology. Furthermore, Nordic countries also witness significant developments in 5G technology in the coming years.
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Key Findings of the Study:
- To generate a tangible return on investment from 5G technology, there must be a complete transition from 4G LTE to gigabit-class LTE to 5G solution.
- According to 52% of telecom executives, one of the largest barriers to 5G technology rollout is the lack of compelling use cases.
- The growing adoption of IoT devices is a prime driving factor creating the need for high-speed communication technology such as 5G.
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
David Correa
Allied Market Research
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.