5G or fifth generation is an imminent standard for mobile telecommunications service to facilitate guarantees to be much faster than today’s 4G technology. It is an inclusive wireless communication. It supports effective private network. It can facilitate real-time database access, remote medical assistance, video imagery surveillance and remote monitoring for safer living. It is classified as Subscriber Identity Module (SIM) machine-to- machine (M2M) cellular connections and SIM cellular connections. Both are further segmented into 5G data traffic and data per user. Some of the essential features associated with 5G technology are reduced latency, high data rate, energy saving, higher system capacity, less traffic, cost reduction and massive device connectivity.
According to study, “India 5G Market (2018-2025)” some of the major companies that are currently working in the India 5G market are Airtel, BSNL, Reliance, Vodafone, Idea. These vendors are focusing on growing 5G with extremely developed features and functions, which provide an enhanced digital experience.
On the basis of type, the 5G market is segmented into Network functions virtualization (NFV), Software Defined Networking (SDN) and Multi-access Edge Computing (MEC). On the basis of usability, the market is segmented into mission critical services, enhanced mobile broadband massive machine type communication (MTC) and ultra reliable MTC. On the basis of networking infrastructure, the market is segmented into small cells, macro cells and others.
On the basis of technology, the market is segmented into global system for mobile (GSM), Wi-Fi, worldwide interoperability for microwave access (WiMAX) and high speed package access (HSPA). In addition, on the basis of application, the market is segmented into smart cities, smart farming, smart home, retail, public safety & surveillance, consumer electronics, energy & utilities, industrial IOT and autonomous driving etc.
It is now realized that the 5G technologies will be helpful in creating employment, increasing gross domestic product (GDP) and digitizing the economy. Some of the benefits associated with 5G use are effective & attractive, high capacity, high connectivity speed (25 Mbps), faster data transmission, large broadcasting of data, interactive multimedia (voice, internet and streaming video) and large phone memory etc.
The market of India 5G is primarily driven by increasing adoption of 5G, continuous evolution towards enhanced bandwidth, low cost, enhanced security, increasing demand for M2M communication, continuous investment on fiber communications & 4G network up gradation, lower latency and openness of mobile networks. However there are some challenges which are widely used cover, high bit rates and regulatory pressure.
In India, 5G technology provides a vision for business to extend to global markets. SIM cellular connections segment is the major segment of market share while it is predicted that SIM M2M cellular connections will be grown at an escalating rate. Moreover, the government has set up a bureau, which will be making the roadmap of the accomplishment of “5G in India”, by 2020. The main aim of this bureau is to growth of 5G mobile phones & other internet connected smart devices and to achieve the high speed of internet in country.
It is expected that the revenue value of Indian 5G market will be around USD 20 billion, by 2025. It is also estimated that this technology will convey about socio-economic changes through sustainability, productivity and well-being. In upcoming years, it is estimated that, this market will be registered a triple-digit growth due to high HD premium videos by 5G networks.
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https://www.kenresearch.com/global-5g-markets-2020-2025-172783.html
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