Los Angeles, November 7, 2019 –QY Research has made a new addition to its repository of internet and communication market research reports. Bearing the title “Global 5G Base Station Market Size, Status and Forecast 2019-2025,” the new report provides comprehensive analysis of the global 5G base station market. According to the report, the global 5G base station market is projected to rise at a gigantic CAGR of 50.11% during the forecast period 2019-2025. By 2025, the global 5G base station market is expected to attain a value of more than US$800 Bn. In 2018, the global market value reached over US$10 Bn.
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High Demand for 5G Technology in Smart Cities Predicted to Increase Global Market Growth
Implementation of smart city projects, increasing use of machine to machine communication, and high adoption of virtual networking architecture in telecommunications are likely to create robust demand for 5G base station as the need for 5G technology increases. Growing adoption of 5G due to its various advantages such as lower latency could further add to the demand in the global 5G base station market. High demand for faster connectivity and internet services increasing the requirement for 5G is predicted to strongly support the global 5G base station market.
Investment in 5G Infrastructure Anticipated to Strengthen Demand in Smart Cities
The report offers detailed segmental analysis covering key product type segments of the global 5G base station market such as femto, pico, small, and macro. Use of small cells in 5G deployment and LTE advanced applications could increase in future. The report also provides thorough analysis of important applications of 5G base station, including smart farming, industrial IoT, smart cities, autonomous driving, smart home, and others. Government initiatives to increase investment in 5G infrastructure because of its robustness, supportiveness, reliability, and convenience could increase the use of 5G base station in smart cities.
Strong Presence of Popular Players Likely to Benefit Asia Pacific 5G Base Station Market
Increasing adoption of advanced technologies such as 5G is predicted to create opportunities in the North America 5G base station market. Asia Pacific could improve its growth in the global 5G base station market as the popularity of 5G technology increases. Heavy presence of leading players could be another factor supporting the growth of the 5G base station market in the emerging region. Europe is also expected to contribute to the global 5G base station market on the back of 5G infrastructure public-private partnerships.
Companies Expected to Build Long-term Partnerships with Ecommerce Players
The report includes exhaustive company profiling of popular players of the global 5G base station market such as Huawei, Samsung, Ericsson, ZTE, and Nokia. Players are anticipated to build long-standing partnerships with mobile carriers, online retailing, and ecommerce companies to increase their share of the global 5G base station market. They could use AI to simplify 5G networks. Furthermore, they are expected to focus on improving user experience, coverage, and network capacity in the long run.
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