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Global Leading 5G Markets Report 2019-2024: Applications, Services and Solutions for Consumer, Enterprise, Industrial, and Government Segments - ResearchAndMarkets.com

December 3, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 3, 2019--

The “Leading 5G Applications, Services and Solutions for Consumer, Enterprise, Industrial, and Government Segments 2019 - 2024” report has been added to ResearchAndMarkets.com’s offering.

Where will 5G generate the best return on investment? That is the question that every pragmatic investor and industry constituent is asking.

This research provides a comprehensive evaluation of apps and services poised to benefit from the introduction and ongoing operation of 5G networks and services. It includes forecasts for revenue, users, apps, services, and more for the following leading 5G apps and services:

5G networks provide much higher data rates (in a range of several gigabits per second) as compared to 4G/LTE. Equally important, 5G will provide ultra-low latency (less than 1-millisecond delay) required for certain portable and mobile apps and services such as industrial automation, robotics, haptic Internet, and virtual reality. 5G New Radio (5GNR) will support Ultra-Reliable and Low-Latency Communication (URLLC) for both mission-critical services and latency-sensitive consumer services.

The use cases for future 5G enabled applications and services are many and varied in terms of type, industry vertical focus, and requirements. Communication service providers must take into account use case-specific requirements and parameters, which at the highest level is broken down into three distinct 5G service categories as follows:

While there will be many consumer-oriented 5G apps and services, the high ROI areas will be focused on business solutions. One of the key areas is private wireless for enterprise and industrial networks, which will be a dominant trend for decades to come as primary enterprise and industrial segments seek to gain more control and reduce dependency upon carriers networks.

Private networks will leverage LTE and 5G for internal/onsite coverage as well as intra-company communications between business locations including smart buildings, factories, and other facilities. Spectrum to deploy private LTE and 5G networks includes licensed, unlicensed, and shared to regionally dedicated.

For more information about this report visit https://www.researchandmarkets.com/r/c0wnq4

View source version on businesswire.com:https://www.businesswire.com/news/home/20191203005568/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS DATA MANAGEMENT

SOURCE: Research and Markets

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PUB: 12/03/2019 07:41 AM/DISC: 12/03/2019 07:41 AM

http://www.businesswire.com/news/home/20191203005568/en