Nokia, Qualcomm, Samsung, and Ericsson have made few advancements in 5G technology by investing large capital on R&D activities. Partnership and acquisitions are the key developmental strategies adopted by the players in the market. For instance, in November 2016, Qualcomm and Samsung partnered to work on this technology. Similarly, Ericsson and Zain Group collaborated in December 2016 to perform R&D on this technology. The 5G technology is anticipated to have high adoption rates in the U.S., UK, China, and India, due to the presence of key technology players, increase in R&D activities, and development of the ICT infrastructure.
The market is segmented on the basis of technology type, services, application, and geography. The technology type segment is divided into Wi-Fi, HSPA, RAT, and GSM, and WIMAX. The market by services is segmented into extreme mobile broadband, Massive MTC, and ultra-reliable MTC.