The Global 5G Equipment Market Annual Growth Rate of 32% from 2016 to 2020

According to market research institutions forecast from 2016 to 2020, the global 5G equipment market will grow at an annual rate of 32.06%.
The long-awaited 5G technology is expected to provide ubiquitous connectivity for all connected devices and connected applications. 5G is critical for real-time and reliable communications for mission-critical applications. Backhaul integration, device-to-device communication, multi-antenna transmission, and flexible use of spectrum at higher frequencies are some of the key requirements of 5G technology.
Global telecom operators and service providers are currently looking at end users and their needs in transition. 5G is expected to generate $ 247 billion in revenue in 2025. In addition, 8.5 million small base stations will be deployed by 2020 to meet the rapid deployment infrastructure requirements of 5G millimeter-wave. Mobile data services and VAS are the main source of revenue.
Expected to 2019, smart phone users will reach 8.5 billion, wireless applications is expected to achieve 37 trillion in revenue. LTE market in the next few years will achieve 56% compound annual growth rate, by 2020, more than 20% of mobile connectivity will be LTE. In addition, the investment in TD-LTE infrastructure for macrocells and small base station equipment is expected to grow at a CAGR of 15% over the next six years, reaching $ 13 billion by the end of 2020.
Comments: From 2016 to 2020, the global 5G equipment market will grow at a rate of 32.06%, which is a very impressive data, showing 5G equipment market demand. Device-to-device communication will be popular, by 2020 the world will deploy 8.5 million small base stations, the United States, Europe and Asia-Pacific market will lead the growth.