The Europe Telecom Millimeter Wave Technology Market would witness market growth of 33.4% CAGR during the forecast period (2020-2026).
The assistance and momentum for millimeter-wave technology to allow 5G applications are strong enough despite the existence of barriers and challenges in the application of technology. Service providers, chipset suppliers, network service companies and stakeholders from all areas are conducting concerted efforts to address the complexities of high-frequency MMW technology.
Increased demand for wireless communications primarily leads to the expansion of the market for millimeter wave technology. In addition, factors such as increasing demand for high bandwidth applications in mobile devices and wearables are also driving the growth of the millimeter wave technology forecast. Today’s life relies completely on the internet, such as media exchange, video conferencing, streaming, online gaming, and so on. This needs fast Internet bandwidth for companies and industrial and residential applications.
In addition, key market patterns, growth drivers and opportunities remain. Millimeter waves are expected to play a critical role in the advancement of fifth generation technology, despite the technology’s demand for higher bandwidth. The 5G infrastructure is expected to emerge in the coming years and the industry is likely to witness its adoption exponentially. Eventually, demand for MMW technology is expected to fuel the overall market for MMW technology, especially across the telecommunications industry.
Based on Frequency Band, the market is segmented into E-Band and V-Band & Others. Based on Licensing Type, the market is segmented into Light-licensed, Unlicensed and Fully-licensed. Based on End User, the market is segmented into Civil and Military. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cognizant, Ericsson AB, IBM Corporation, Oracle Corporation, Fujitsu Limited, Pegasystems Inc., ChikPea, Comarch, Cerillion, and Neustar, Inc.
Scope of the Study
By Frequency Band
• V-Band & Others
By Licensing Type
By End User
• Rest of Europe
• Ericsson AB
• IBM Corporation
• Oracle Corporation
• Fujitsu Limited
• Pegasystems Inc.
• Neustar, Inc.
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