5G technology is the fifth generation of cellular technology. It is designed to increase speed, reduce latency, and improve the flexibility of wireless services. With a peak speed of 20Gbps, 5G technology is regarded as gamechanger in the era of technological innovations. It is expected to widen the applications of existing technologies by multifold across industrial and consumer sectors and improve the performance of business applications and other digital experiences such as online gaming, videoconferencing, and self-driving cars.
The adoption of 5G continued to surge, with a peak in 5G smartphone volumes in 2021. In the future, 5G technology is expected to offer substantial enterprise opportunities that corporates are just beginning to recognize. Considering the future growth of 5G adoption, technology providers have already started transitioning their offerings to capitalize on the huge market opportunity that lies ahead.
In a highly dynamic and exponential growth environment of 5G technology, Meticulous Research® offers array of insights for global technology providers to identify new use cases and maintain competitive edge in this industry.
Rising demand for high-speed data services
Rapidly developing smartphone technology
Proliferation of IoT and connected devices
Rising government initiatives to build smart cities
Increasing partnerships among major market players to deploy 5G infrastructure
Need for ultra-low latency in telecom connectivity
Growing adoption of virtual networking architecture in telecommunications
Increasing M2M connections across various industries