LTE Advanced and 5G Market Current Trends And Future Growth Estimations Outlook To 2033
LTE Advanced (LTE-A) and 5G are two different generations of mobile communication technologies that offer improved speeds, reliability, and connectivity. LTE-A is an advanced version of the 4G LTE network, while 5G is the latest and most advanced cellular network technology that is designed to replace the existing 4G LTE network.
On the other hand, the 5G market is expected to grow at an even faster rate. According to a report by MarketsandMarkets, the global 5G market size is expected to grow from USD 5.53 billion in 2020 to USD 667.90 billion by 2026, at a CAGR of 122.3% during the forecast period. The increasing demand for high-speed and low-latency connectivity, rising adoption of connected devices, and the growing need for reliable and secure communication are driving the growth of the 5G market.
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