5G market to grow rapidly till 2025, large R&D layout
With large scale commercial deployments expected to begin in 2020, market research firm ReportsnReports estimate in its latest report that 5G networks will generate nearly $250 Billion in annual service revenue by 2025. Driven by regional, national government, mobile operator and vendor initiatives, the firm expects that over $6 Billion will be spent on 5G R&D and trial investments between 2015 and 2020. 5G networks are expected to utilize a variety of spectrum bands for diverse applications, ranging from established sub-6 GHz cellular bands to millimeter wave frequencies.
The 2016 research report on 5G wireless market says while LTE and LTE-Advanced deployments are still underway, mobile operators and vendors have already embarked on R&D initiatives to develop so-called “5G” technology, with a vision of commercialization by 2020. 5G is essentially a revolutionary paradigm shift in wireless networking to support the throughput, latency and scalability requirements of future use cases such as extreme bandwidth augmented reality applications and connectivity management for Billions of M2M (Machine to Machine) devices.
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