5G Technology Market Expected to Witness an Exponential CAGR of 82.4% Through 2028 - Study by Future Market Insights

https://www.futuremarketinsights.com/reports/5g-technology-market

In addition, increasing launches of 5G enabled products is underscoring the rapid expanse of 5G technology. While Samsung has announced the launch of the world's first 5G smartphone, teaming up with eight telecom operating leaders, China -based ZTE will also shortly unveil their first 5G device, targeting launch in China and Europe , in 2019. ZTE has been one of the top telecom equipment suppliers globally, and continues to emphasize massive investments in R&D for 5G technology coverage. The company's 5G transport product is also ready for commercialization.

The US-based enterprises such as AT&T Inc. and Verizon Communication Inc. are collaboratively working towards 5G technology commercialization. The report highlights an increasing role of governments in the expansion of 5G technology network coverage.

The aforementioned companies have also launched customer trails in multiple regional markets – instrumenting a strong base for the commercialization of 5G technology. Substantial adoption of advanced technologies such as cloud and IoT (Internet of Things) will also continue to boost 5G technology deployment in coming years, as industries are accelerating the shift from consumer-centric cellular coverage to machine-centric communications.

: https://www.futuremarketinsights.com/askus/rep-gb-9011

According to FMI's study, telecom giants are strategizing on contracts and collaborations to retain their lead in the global market. Leading providers of 5G technology and telecommunication services are focusing on collaborating with each other to increase global market revenue shares as well as improve new outreach to new potential markets.

The report also covers strategic profiles of some other prominent players in the global 5G technology market, including Ericsson, Telecom Italia, AT & T, Inc., Huawei Technologies Co., Ltd., Orange S.A., China Mobile Limited, KT Corporation, Qualcomm, and Verizon Communications, Inc. among others.

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