5G Technology Is Increasingly Driven By Growing Mobile Data Traffic And Demand For Efficient Networks

5G is the fifth generation of mobile network technology and is the successor to presently prevailing 4G LTE standards. The 5g market is expected to grow at an exponential rate and is anticipated to expand from $31 billion in 2020 to $11 trillion by 2026. The explosive increase in the demand for higher capacity networks, faster wireless broadband services and content-rich services is fueling the market growth. The Internet of Things (IoT) has emerged as yet another trend in the market and is considered to have potential to drive ultra-low-latency connectivity and ultrareliable over Internet Protocol (IP). 

The development of road sensors using 5G technology is benefiting the development of self-driving cars. The drones use cases are yet another application and the technology successfully overcomes the previous challenges to provide low latency for fast response-time, high data speed rates to exploit high quantities of navigation data to actuators for complex navigation software heuristics, and WAN and LAN combination to support fast moving drones. 

The enhanced mobile broadband (eMBB) services is projected to account for a significant market share by 2020. The initial phase of the rollout is likely to focus on a 5G wireless non-standalone deployment model would be the primary focus of the initial phase roll out of the 5G. eMBB provides very high data speeds for residential and commercial use. As such, eMBB is expected to cater to several use cases, such as VR & AR gaming, video conferencing, and virtual meeting, thereby driving the growth of the eMBB segment over the forecast period.

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Massive machine-type communications (mMTC) segment is expected to witness the fastest growth over the forecast period. Massive machine-type communications envisage catering to the growing need for a developed digital ecosystem. As such, mMTC focuses on providing services for high connection density applications, such as smart buildings and smart cities. The growing need to ensure uninterrupted connectivity for all the IoT devices deployed in a network is anticipated to contribute to the growth of the mMTC segment over the forecast period.

5G is expected to yield significant economic benefits and will create new job opportunities to scale up the global gross domestic product (GDP). The U.S. government has endorsed 5G deployment, creating spectrum available for 5G application and streamlining practices related to the use of 5G equipment (e.g., small cells). Lucrative government regulation in the U.S. is supporting 5G deployment while also protecting local and national interests to provide significant consumer benefits.  It is aiding the industries to monetize on their services and give and profit-based edge and drive long term economic gains for the global market.

Some of the key players operating in this market comprise of Advantech Co Ltd; ADT Inc.; Alphabet / Google; AMS ag; Amazon.com (AMZN); Apple; AT&T; BlueShift Memory; Baidu (BIDU); Broadcom; Cypress Semiconductor; Cisco; Dexcom Inc.; Facebook (FB); Ericsson; Garmin ltd.; IBM; Huawei; IBM / Red Hat; Intel; Kensaq.com; Juniper Networks; Amazon; Marvell Technology Group; Netflix; Mavenir; Micron’ Microsoft (MSFT); Mellanox Technologies; NeoPhotonics 400G CFP8 PAM; and Nokia among others.