Next Generation Communication Technologies Market value is $71.78B in 2017 is growing with a CAGR of 27.65% during the forecast 2018-2023.
Based on geography, America was the largest market for next generation communication technologies, with a share of 39% in 2017.Now, the American market holds a share of 37% for the forecast year. However, Asia-Pacific will emerge out to be the market leader in 2023. The
next generation advanced communication technologies market for Europe is expected to grow at a CAGR of 28.3% from$13.37 billion in 2017 to reach $60.08 billion in 2023.In European regions, latest technologies into the healthcare system will be one of the major factors towards the growth
The market by Technology Communication segment includes, Wireless Sensor Network (WNS), Bluetooth, LTE, Wimax, Wi-Fi and Zigbee.The study states among all, the Wireless Sensor Network will be the fastest growing segment in the forecast period. The WNS
segment will strongly witness a CAGR of 64.75% to reach $219.07 million by 2023 from $12 million in 2017.
Excerpts on Market Growth Factors Mentioned in the Full Report:
The upcoming 5G technologies are expected to play a significant role in 5G networks, which will have a significant role in the Internet of Things(IoT) in the near future. The communication governingboards across the globe are taking initiatives to improve the present communication networks which would help to drive the market to adopt new and effectivewireless communication technologies.
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