Market Analysis

The global next-generation wireless communication market is predicted to grow at a healthy CAGR between 2019- 2027, states the recent Market Research Future (MRFR) analysis. Next-generation wireless communication, simply put, is an advanced module of the latest communication. The wireless communication offers a choice of eliminating the traditional deployment system that needs multiple systems and wires. The next-generation wireless communication can work wonders in exchanging data at an immensely high speed, thereby cutting down the data exchange time. Owing to its alluring features and excellent benefits, the next-generation wireless communication has wide applications in Wi-Fi and Bluetooth, 4G LTE, WiMAX, 5G, 3G, wireless LAN, digital TV broadcasting, and others.

Various factors are propelling the global next-generation communication market share. As per the current MRFR report, such factors include rising technological advances like big data, internet of things, and e-commerce, growing demand for advanced communication technology, rapid growth in wireless communication and mobile markets, rising consumer demand, & constant introduction of new services and products.

The COVID-19 outbreak has resulted in different countries shutting down businesses except for the essential service and imposing lockdowns. Other businesses are directed in practicing work from home that has resulted in mixed demands for the next-generation wireless communication such as Bluetooth, Wi-Fi, 5G, 4G LTE, WiMAX, digital TV broadcasting, wireless LAN, among others.

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Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global next-generation wireless communication market based on technology and application.

Based on application, the global next-generation wireless communication market is segmented into healthcare, aerospace and defence, automotive, retail, consumer electronics, telecommunication, and industrial.

Based on technology, the global next-generation wireless communication market is segmented into Wi-Fi and Bluetooth, 4G LTE, WiMAX, 5G, 3G, wireless LAN, digital TV broadcasting, and others.

Key Players

Eminent players profiled in the global next-generation wireless communication market report include Ericsson (U.S.), ZTE Corporation (China), Intel Corporation (U.S.), Netgear Inc. (U.S.), NEC (Japan), Cisco Systems (U.S.), IBM Corporation (U.S.), AT&T (U.S.), Huawei (China), and Qualcomm (U.S.), among others.

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