Market Highlights

According to the investigation by the Market Research Future Reports (MRFR), the global next-generation wireless communication market is probably going to develop at a huge CAGR during the survey time frame. The expanding reception of buyer hardware is driving the worldwide cutting edge remote correspondence market 2020. With the consistent improvements in the web and other correspondence innovations, the correspondence market has upgraded fundamentally. Cutting edge correspondence is the most great illustration of such a pattern. The worldwide cutting edge correspondence innovation is relied upon to encounter a colossal extension in the approaching time frame. With innovative progressions, for example, internet business, IoT, the cutting edge remote market has developed fundamentally, and the interest has expanded impressively. The strong development in the versatile business, rising customer needs, and advancement of new administrations and items have supported the extension of the market at a worldwide level. Nonetheless, the significant expense of improvement and foundation can be an impediment in the worldwide development of the market.

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Segmentation:

The global next-generation wireless communication market can be segregated on the basis of application, technology, and region.

On the basis of application, the global next-generation wireless communication market can be segregated into Industrial, Telecommunication, Consumer Electronics, Retail, Automotive, Aerospace & Defence, Healthcare.

On the basis of technology, the global next-generation wireless communication market can be segregated into Digital TV broadcasting, Wireless LAN, 3G, 5G, WiMAX, 4G LTE, Wi-Fi & Bluetooth, and a few others.

On the basis of region, the global next-generation wireless communication market can be segregated into Europe, North America, Asia-Pacific, and the Rest of the World.

Regional Analysis

The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been performed. As per the analysis, the North American market leads the market of next-generation wireless communication. The market is expanding at a very fast pace owing to the technological development in the region. With the presence of developed countries like Canada and the U.S are dominating the world in the aspect of technology, adoption of technology, and the innovation of technology. Today, North America holds a considerable market share, which has a significant market value. The second position is attained by the European market. It is the second most lucrative market for wireless communication and holds a significant amount of market share. The APAC region has proven to be the fastest-growing region with a promising CAGR. With the presence of developing countries like India, Japan, and China, the APAC region has emerged to be developing at a breakneck pace. The constant development of Asian countries is the primary reason for the expansion of the market in the APAC region.

Key Players

The forefront players in the market of next-generation wireless communication are Qualcomm (U.S.) Huawei (China), AT&T (U.S.), IBM Corporation (U.S.), Cisco Systems (U.S.), NEC (Japan), Netgear Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), Ericsson (U.S.) and a few others.

Industry News

April 2020, Wi-Fi is receiving its most significant upgrade in 20 years. The Federal Communications Commission voted in favor of opening up a plot of spectrum in the 6GHz band for unlicensed usage, which is the same regulatory that allows your router broadcast over 2.4 GHz and 5GHz.

April 2020, DISH Network Corp, a U.S based television provider, has announced its deal with Mavenir, a Texas-based mobile network software provider for its 5G network. Dish Network has vowed to build a 5G network by 2023 to take on the big three U.S telecommunication giants.

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Global Next Generation Wireless Communication Market Information, by Technology (Wireless LAN, 3G, 4G LTE, 5G), by Application (Consumer Electronics, Telecommunication, Aerospace & Defence, Retail, Automotive, Healthcare) - Forecast to 2027

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