• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

5G Infrastructure Market to See CAGR of 76% Through 2026: Report

August 30, 2019

5G Infrastructure Market to See CAGR of 76% Through 2026: Report

Fortune Business Insights has released a new report that suggests that the 5G infrastructure market is primed to explode in the next few years. The report predicts that the market will grow at an astonishing CAGR of 76.29 percent between 2018 and 2026, climbing from $720.6 million to $50.64 billion during the forecast period.

The research firm credits the rapid expansion of the Internet of Things for much of that growth. There is a rising demand for connected devices at both the enterprise and consumer levels in a variety of different industries. The current 3G and 4G networks cannot provide the high speed internet coverage needed to meet that demand, which is why companies working to deliver smart cars, smart cities, and mobile tech have also been trying to develop better 5G infrastructure.

 “5G technology is expected to positively influence connected agriculture, smart cities, machine-to-machine communication, and home automation,” said a Fortune Business Insights analyst. “Some of the prominent challenges faced by organizations with regards to improving reliability, performance, and connectivity can be resolved through 5G infrastructure.”

The report highlights Ericsson, Qualcomm, Huawei, and Samsung as some of the biggest players in the 5G space, amongst several others. Fortune Business Insights also called particular attention to Nokia and T-Mobile, which signed a $3.5 billion infrastructure contract in 2018. North America, Europe, and Asia are projected to be the three largest 5G markets.

–

The Internet of Things (IoT) is a growing network of connected machines and objects that can communicate with each other and the Internet to better automate, creating efficiency and synergy. As the machine-to-machine begins to spread into consumer and residential markets, end users are beginning to require methods of interfacing with the network. Biometrics, smartphones and wearable tech are converging to allow for a more accessible IoT.

At the same time, as the IoT grows to control more and more of every day automated life, there is a growing importance for security and regulation. Many experts believe that biometrics and mobility hold the key to a safer and more secure IoT. Learn more on Mobile ID World’s Internet of Things page.

Filed Under: Featured, Industry News Tagged With: 5G, 5G connectivity, 5G infrastructure, 5G networks, Fortune Business Insights, industry trends, Internet of Things, IoT, market forecasts, market reports, smart cities

Related News & Articles

AirStrip Integrates BioIntelliSense Wearables Into Virtual Healthcare Platform

GSMA, Industry Partners Announce AR/VR Forum

Gemalto to Provide eSIM, Communications Security Tech for French Ministry of Interior

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • NordPass, Yahoo! Japan, and Regula Keep Up Mobile Biometrics Momentum
  • NordPass Enables Biometric, TOTP-secured 2FA for Business Users
  • Mastercard Solution Certified Under UK’s Digital ID Framework
  • Transatlantic Digital Traveler Identity Project Gets High-Profile Tech Partner
  • Digital Identity Tech Demo Online Event

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld