Moreover, faster data speeds and extremely low latency offered by the 5G technology would enhance the user experience for several use cases, such as virtual reality and augmented reality gaming, seamless video calling and ultra-high definition videos. The growing demand for high-speed data connectivity for unified Internet of Things applications, such as smart home energy management, is estimated to propel the adoption of these services over the forecast period….
The global market is highly fragmented as several regional telecom service providers are investing in deploying the next-generation infrastructure. This will help companies gain a huge customer base in the market. In addition, these market players are strategically focusing on mergers and acquisitions to strengthen their foothold in the global market. For instance, in September 2018, T-Mobile signed a pact with Ericsson to support T-Mobile’s 5G deployment in the US.
Moreover, key market players are investing heavy amounts in acquiring the necessary spectrum. Having an adequate spectrum would allow the companies to strengthen their overall portfolios and increase their subscriber base across various countries.
From ‘5G Services Market Size, Share & Trends Analysis Report by Communication Type, by Vertical, by Region and Segment Forecasts, 2022-30′, Grand View Research