Hardware, Software, and Services. On the basis of connectivity, the market is categorized into Enhanced mobile broadband (eMBB), Ultra-reliable low latency communication (URLLC) and Massive machine type communication (mMTC). On the basis of application, the market is fragmented into connected vehicles, Monitoring & tracking, Automation, Smart surveillance, VR & AR, Enhanced video services, and others. Based on end user, the market is classified into Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, and Others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The 5G technology market is mainly driven by the constant expanding applications in different industries. There has been constant development in technology along with growing investments followed by presence of developed infrastructure. In addition, rising industrial automation as well as surge in the adoption of digital appliances & technology which is expected to contributes the market growth. There has been growth in IoT devices, edge comput