Next-generation communication technologies are also known as advanced communication technologies. With increasing technological advancements in the Internet and other supporting communication technologies, the communication technology has been enhanced tremendously. Next-generation communication technologies are the best example of such trend. These technologies help in eliminating the communication gap, improving the quality of communication, optimizing the multiplexed communication, and improving user experience in order to meet user requirements. In addition, next-generation communication technologies are also expected to play a major role in the development of various industries.
The global next-generation communication technologies market is anticipated to witness high growth in the near future. Increasing technological advancements such as Internet of Things (IoT), and e-commerce and big data, which result in rising demand of advanced communication technology, are some of the major factors driving the growth of the global next-generation communication technologies market. In addition, rapid growth in mobile and wireless communication markets further impacts the growth of the next-generation communication technology market. Furthermore, rapidly advancing technology, increasing consumer demand, and continual introduction of new products and services have boosted the growth of the global market. On the other hand, high infrastructural and development cost is one of the major factors that may hinder the global market growth.
The global next-generation communication technologies market is segmented based on the type of communication technologies and applications. On the basis of the type of communication technology, the global market is segmented as wired communication technology and wireless communication technology. The wired communication technology segment is further sub-segmented as twisted wire communications and optical fiber communications. The wireless communication technology is further sub-segmented as 4G LTE, WiMax, 5G, Wi-Fi, LiMAX, ZigBee, Bluetooth, and others. Furthermore, rising consumer adoption of wireless devices and increasing demand of high-speed data have boosted the growth of consumer electronics application of next-generation communication technology market. On the basis of application, the global next-generation communication technologies market is segmented as telecommunication, healthcare, consumer electronics, security and surveillance, industrial, automotive, and military applications.
North America and Europe dominate the global next-generation communication technologies market owing to high technological advancements and infrastructural investments in communication technologies in countries such as the U.S., Canada, the U.K., and Germany. Asia Pacific is anticipated to witness the high growth due to increasing technological development, rising consumer spending, and increasing investment in communication infrastructures.
Some of the major players dominating the global next-generation communication technologies market include Verizon, AT&T Inc., and Huawei Technologies Co., Ltd. Other key players influencing the global market are Devicescape Software, Inc. and Green Packet Berhad.
Next-Generation Communication Technology Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa