5G chipset Market: Global Industry Analysis 2019-2027

SAN JOSE, Calif. - Oct. 16, 2019 - PRLog -- The global 5G chipset market is projected at US$ 1,051.2 million by the end of 2019 and is projected to grow at 39.5 per cent CAGR during the forecast period from 2019 to 2027. (According to a research study (https://www.credenceresearch.com/report/5g-chipset-market) recently published by Credence Research".)

The 5 G chipset market is still under development / testing. In the coming years, demand for 5 G chipsets will grow with complete promotion and introduction of 5G network technology. One of the key drivers of demand for next-generation network technology like 5G is the rising demand for high-speed Internet and increasing acceptance of technologies such as Big Data, the Internet of Things (IoT) and artificial intelligence. The above-mentioned technologies are becoming generally accepted across vertical industry, enabling end-users to connect all devices in real-time via an integrated network and control system. In view of transforming conventional business processes into connected ones, the ongoing trend of embracing digitalization will further increase demand for IoT technology and related infrastructure over the forecast period from 2019 to 2027. The number of connected devices worldwide is projected to exceed 20.0 Mn by 2021, thereby driving demand for 5G chipsets worldwide. Consumer Electronics, IT & telecom sectors are expected to witness strong adoption of 5G devices in wake of heightened spending on ICT products and proliferation of electronic gadgets including smartphones, tablets, TVs, and personal computers among others.

Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/5g-chipset-market