[August 23, 2017]

5G Network Infrastructure Market - Revenue is Projected to Reach $28 Billion By the End of 2023 - Research and Markets

The "Global 5G Network Infrastructure Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.

The global 5G network infrastructure market is expected to have a CAGR of 70% during 2016-2023. The net market revenue is projected to reach up to $28 billion. 5G technology can add up to approximately 34% in the telecommunications sector by 2026, as stated by Ericsson (News - Alert). Due to the deployment of 5G technology, it provides several advantages such as high speed data transmission , more efficiency than 3G and 4G, large bandwidth shaping and manageable it have its application across telecommunication, IT, Education, Retail etc. .

North America is the leading market for 5G network infrastructure technology. Countries currently working towards the advancement of 5G technology are U.S South Korea, Japan and China .North America 59% of Americans uses smartphone that rose to 7% in 2016. According to Pew (News - Alert), held the highest revenue share in 2016. Out of total American population around 78% men and 75% women used smart phones in 2016.

Thus, increasing smart phone users in North America derives the demand for 5G network infrastructure in North America. The U.S is a strong player of the R&D of 5G as key market players such T-Mobile have plans for establishing 5G network infrastructure in the U.S. Also the U.S based market players such Verizon (News - Alert) Communication and AT&T have successfully done 5G trials to ensure the deployment of 5G technology by 2023.

Companies Mentioned

• AT&T Inc. (U.S.)
• China Unicom (China)
• Cisco Systems (U.S.)
• Ericsson (Sweden)
• Huawei (China)
• Intel (News - Alert) Corporation (U.S.)
• LG Electronics (South Korea)
• Nec Corporation (Japan)
• Nokia Corporation (Finland)
• Qualcomm Ltd. (U.S.)
• Samsung (News - Alert) Electronics (South Korea)
• Sk Telecom Ltd. (South Korea)
• T-Mobile Ltd. (Germany)
• Verizon Communications (U.S.)
• Zte Corporation (China)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/s99kjx/global_5g_network

View source version on businesswire.com: http://www.businesswire.com/news/home/20170823005934/en/

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