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ResearchAndMarkets.com s offering.
The global 5G IoT market size is projected to grow from USD 2.6 billion in 2021 to USD 40.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 73.0% during the forecast period.
The growth of this market can be attributed to the growing demand for new emerging use cases, such as smart grid, telemedicine, connected cars, and industrial automation.
The managed services segment is expected to grow at the highest CAGR during the forecast period
Managed services in the 5G IoT market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses. Businesses deploy 5G IoT solutions to manage four elements: products, processes, people, and infrastructure. In industries, advanced sensors, control systems, and software applications work together to obtain and share real-time information as finished goods make their way dow
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ResearchAndMarkets.com s offering.
The global 5G security market size is projected to grow from $580 Million in 2020 to $5,226 Million by 2026, at a CAGR of 44.3% during the forecast period.
The 5G security market is gaining traction due to rising security concerns in the 5G networks, increasing ransomware attacks on IoT devices, rising attacks on critical infrastructure, and increasing IoT connections paved way for mMTC with enhanced security requirement. However, the high cost of 5G security solutions will restrain the adoption by SMEs.
Based on solution type, the DDoS protection solution segment is expected to grow with the fastest growth rate during the forecast period
Global $1.25+ Billion Network Slicing Market to 2025: The Proliferation of Network Function Virtualization and Software-Defined Networking
ResearchAndMarkets.com s offering. The Global Network Slicing Market Size is Projected to Grow from USD 161 Million in 2020 to USD 1,284 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 51.5% during the Forecast Period.
The network slicing market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services
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ResearchAndMarkets.com s offering. The Global Network Slicing Market Size is Projected to Grow from USD 161 Million in 2020 to USD 1,284 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 51.5% during the Forecast Period.
The network slicing market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services
Services segment to grow at the highest CAGR during the forecast period