5G Connections Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
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The Global 5G Connections Market was valued at USD 4.98 billion in 2020, and it is
projected to be worth USD 497.24 billion by 2026, registering a CAGR of 95.73% during the
period of 2021-2026. In 2020, it was expected that 5G, at least in its earliest version, would
see mobile network operator (MNOs) globally launch deployment widely within their
networks in both urban and rural areas; taking considerable advantage of the move by
telecom regulators to free up spectrum in few frequency bands. Then the COVID-19
pandemic hit worldwide, causing significant supply chain interruptions that slowed down the
expanded rollout of 5G at the beginning of 2020.
- 5G network, being the next generation of mobile networking standards, is poised to deliver
an enhanced end-user experience by offering new services and applications through
seamless coverage, high data rate, low latency, and considerably improved performance and
- 5G, characterized as Enhanced Mobile Broadband (eMBB), is expected to improve mobile
internet users with higher speeds and better user experience in dense or high mobility
environments. It will support high-bandwidth services such as Virtual Reality (VR) and
Augmented Reality (AR) and apps. 5G will enable Massive Machine-type Communications
(mMTC) and will allow the connection of a massive number of connected devices, which
together comprise the Internet of Things (IoT).
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