5G Technology Market, Impact of COVID-19, By Components, Companies, Global Forecast by 2027

Besides, mMTC envisages catering to the growing need for a developed digital ecosystem. The mMTC focuses on providing high connection density applications, such as smart buildings and smart cities. The ever increasing demand to guarantee continuous connectivity for all the IoT devices deployed in a network is envisioned to contribute to the growth of the mMTC segment over the forecast period. As per this research report, the Worldwide 5G Technology Industry is expected to grow with a massive CAGR of 58.70% from 2020-2026.

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