Market Highlights
According to the examination by the Market Research Future Reports (MRFR), the global next-generation wireless communication market analysis is probably going to develop at a critical CAGR during the survey time frame. The expanding reception of purchaser gadgets is driving the global next-generation wireless communication market 2020. With the consistent improvements in the web and other communication advances, the communication market analysis has upgraded altogether. Next-generation communication is the most fantastic illustration of such a pattern. The global next-generation communication innovation is relied upon to encounter a gigantic development in the impending time frame. With mechanical headways, for example, online business, IoT, the next generation wireless market has developed essentially, and the demand has expanded impressively. The powerful growth in the versatile business, rising customer needs, and advancement of new administrations and items have helped with the extension of the market at a global level. Notwithstanding, the significant expense of improvement and framework can be a deterrent in the global development of the market.
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Segmentation:
The global next-generation wireless communication market analysis can be segregated on the basis of application, technology, and region.
On the basis of application, the global next-generation wireless communication market can be segregated into Industrial, Telecommunication, Consumer Electronics, Retail, Automotive, Aerospace & Defence, Healthcare.
On the basis of technology, the global next-generation wireless communication market can be segregated into Digital TV broadcasting, Wireless LAN, 3G, 5G, WiMAX, 4G LTE, Wi-Fi & Bluetooth, and a few others.
On the basis of region, the global next-generation wireless communication market analysis can be segregated into Europe, North America, Asia-Pacific, and the Rest of the World.
Regional Analysis
The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been performed. As per the analysis, the North American market leads the market of next-generation wireless communication. The market is expanding at a very fast pace owing to the technological development in the region. With the presence of developed countries like Canada and the U.S are dominating the world in the aspect of technology, adoption of technology, and the innovation of technology. Today, North America holds a considerable market share, which has a significant market value. The second position is attained by the European market. It is the second most lucrative market for wireless communication and holds a significant amount of market share. The APAC region has proven to be the fastest-growing region with a promising CAGR. With the presence of developing countries like India, Japan, and China, the APAC region has emerged to be developing at a breakneck pace. The constant development of Asian countries is the primary reason for the expansion of the market in the APAC region.
Key Players
The forefront players in the market of next-generation wireless communication are Qualcomm (U.S.) Huawei (China), AT&T (U.S.), IBM Corporation (U.S.), Cisco Systems (U.S.), NEC (Japan), Netgear Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), Ericsson (U.S.) and a few others.
Industry News
April 2020, Wi-Fi is receiving its most significant upgrade in 20 years. The Federal Communications Commission voted in favor of opening up a plot of spectrum in the 6GHz band for unlicensed usage, which is the same regulatory that allows your router broadcast over 2.4 GHz and 5GHz.
April 2020, DISH Network Corp, a U.S based television provider, has announced its deal with Mavenir, a Texas-based mobile network software provider for its 5G network. Dish Network has vowed to build a 5G network by 2023 to take on the big three U.S telecommunication giants.
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Global Next Generation Wireless Communication Market Information, by Technology (Wireless LAN, 3G, 4G LTE, 5G), by Application (Consumer Electronics, Telecommunication, Aerospace & Defence, Retail, Automotive, Healthcare) - Forecast to 2027
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