By 2020 analysts believe that the 5G market will be worth $31bn, but by 2026 - according to WinterGreen Research - that number will sky rocket.
The report concludes that 5G is one of the most disruptive forces we have seen in the market in decades. In 2020, the 5G market will reportedly be worth $31 billion (£24bn). Six years later in 2026 the market will have grown to a staggering $11 trillion (£8.5T).
Boosting growth
“The challenge going forward in mobile network buildout is to bring together a growing number of LTE and 5G radio access technologies."
5G report.
5G is set to accelerate growth and help revolutionise the digital economy and smart connectivity, where IoT and edge devices will change how we live, work and play. And according to Susan Eustis, leader of the team that prepared the research, "5G suppliers have a focus on broadband improvement. Power and performance are being improved. 5G improves the transmission coverage and density."
5G is set to accelerate growth and help revolutionise the digital economy and smart connectivity, where IoT and edge devices will change how we live, work and play. And according to Susan Eustis, leader of the team that prepared the research"5G suppliers have a focus on broadband improvement. Power and performance are being improved. 5G improves the transmission coverage and density."
Who are the 5G market leaders?
So, which companies are leading under the 5G market umbrella? Currently, the list of 5G market leaders include Intel, Ericsson, Huawei, Nokia, Qualcomm, Samsung and Fujitsu. These companies are paving the way with developing technology, equipment and roll-outs.
Many investors will be keeping a close eye on these companies in the coming months, as the share prices are likely to be on the rise, and 5G stocks continue to gain traction.
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