Dublin, Oct. 10, 2022 (GLOBE NEWSWIRE) — The “5G Technologies Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global 5G technologies market is expected to grow from $20.23 billion in 2021 to $30.11 billion in 2022 at a compound annual growth rate (CAGR) of 48.8%. The 5G technologies market is expected to grow to $99.76 billion in 2026 at a compound annual growth rate (CAGR) of 34.9%.
North America was the largest region in the 5G technologies market in 2021. The regions covered in 5G technologies report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increase in government initiatives to promote and roll out the emerging 5G technology are expected to propel the growth of the 5G technologies market. This is mainly because the 5G technology has a significant impact on mobile networks, physical networking, computing facilities, hosting and deployment systems, and service and infrastructure orchestration. It has become imperative for every government to ensure that the 5G technology reaches its maximum potential, as it supports thousands of new applications for consumers and businesses in manufacturing, energy, healthcare, and automobile markets.
For example, the Chinese government is expecting to initiate commercial rollouts of 5G by 2020 with a 3400-3600 MHz band. The government also plans on using a spectrum of 25 and 40 GHz frequencies to ensure high-speed…
