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Next Generation Communication Technologies Market will grow at a CAGR of 26.6% to reach size of $313.7 million by 2023

Global Next Generation Communication Technologies Market

The next generation advanced communication technologies market for Europe is expected to grow at a CAGR of 28.3%

HYDERABAD, TELANGANA, INDIA, June 12, 2018 / -- According to the new market research report by IndustryARC titled “Next Generation Communication Technologies Market: Wireless Communication (Wimax 2.1, Wi-Fi 802.11 ac, 4G LTE, Others); By End-User (Telecommunication, Consumer Electronics, Enterprise Applications, Others) & By Geography - (2018-2023)” published by IndustryARC, the market is driven by digital infrastructure development in reliable high data performance and easy access to high-connectivity, uninterrupted calls, and gaming.

Asia-Pacific held major share and growth in the Next Generation Communication Technologies Market

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 of the market. In Asia-Pacific next generation communication technologies market, the technical developments, such as 4G technology, is increasing consumers spending’s, and expanding investments in communication infrastructure has led to important growth. The APAC market is anticipated to grow at a CAGR of 32.6% to reach a size of $70.72 billion by 2023 from $13.01 billion from 2017. The maximum number of growth is expected to be in the regions of China and India.

Selected Wireless Communication done in the full Report:

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. Smart buildings and smart cities are playing an important role in smart homes, and has increased the focus on connected technologies which has resulted in the growth of WSN segment. LTE is another segment which has been leading since 2015. The market size for LTE segment in 2017 was $36.90 million. The LTE market is expected to grow a CAGR of 21.06% to reach $79.26 million in 2023. The market always remained dominant, since the WSN is the fastest growing segment, and it might dominate the market in the coming years. The next generation communication technologies market is projected to see the fastest growth in military and security and surveillance end use industries. Telecom industry held the major share in the global market and is projected to hold its dominance till 2023.

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Excerpts on Market Growth Factors

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 governing boards across the globe are taking initiatives to improve the present communication networks which would help to drive the market to adopt new and effective wireless communication technologies.

Surge in security systems opportunities for IoT hardware/software products have made continuous growth in innovative and disruptive WSN products which is one of the major drivers of this market.

Increasing use of wireless devices in imaging distribution drive the need for network upgrades to offer more robust and secure network infrastructure. Applications like remote patient monitoring using mobile devices play an important role in healthcare delivery.

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Key players of the Next Generation Communication Technologies Market

The Next Generation Communication Technologies are well occupied by the players as follows: Qualcomm Inc., ZTE Corporation, Samsung Electronics, Huawei tech Co. Ltd., Ericsson Telefon ABLM and others. Huawei offers products and services like Mobile and fixed broadband networks, consultancy and managed services, multimedia technology, smart phones, tablets, computers, dongles. ZTE Corporation is known to provide telecommunication service providers and enterprises, Mobile phones, smartphones, and table computers. Ericsson leads in serving Mobile Broadband, cloud systems, Support Systems, Radio Systems, Television and Media Management. The on-going developments are the reason which will have continuous amount of patents to be launch in the coming years.

Next Generation Communication Technologies Market report is segmented as below

A.Next Generation Communication Technologies Market- By Wireless Communication

2.4G LTE
3.Wimax 2.1
4.Wi-Fi 802.11ac
5.Bluetooth 4.2
7.Wireless Sensor Network
8.Laser Communication

B.Next generation communication technologies Market- By End-User

2.Consumer Electronics
5.Enterprise Applications
7.Security and Surveillance

C.Next Generation Communication Technologies Market by Geography (covers 10+ countries)
D.Next Generation Communication Technologies Entropy Market

Manufacturer Citied / Interviewed

1.AT&T Inc.
2.Cisco Systems, Inc.
3.IBM Corporation
4.Intel Corporation
5.Nokia Corporation
6.NetGear Inc.
7.Verizon Communications Inc.
8.Company 8
9.Company 9
10.Company 10
11.Company 11
12.Company 12
13.Company 13
14.Company 14
15.Company 15+

Related Report:

A.Infrared Sensor Market

B.Image Sensor Market

What can you expect from the report?
The Next Generation Communication Technologies Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis

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