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Next Generation Communication Technologies Market - Forecast(2021 - 2026)

The global market for Next Generation Communication Technologies is valued at $71.78 billion in 2017 is anticipated to grow with a CAGR of 27.65% during the forecast period i.e. 2018-2023. The major driving factor for this market includes saturation of revenues from fixed and cellular services coupled with growing for personalized services. The report concludes that WSN will be the fastest growing segment in the forecast period and will witness a CAGR of 64.75% during the forecast period. According to IndustryARC analysis, APAC will emerge out to be the market leader by 2023 due to its rapid penetration of mobile internet, growing connected cars and evolving smart home market. What is Next Generation Communication Technologies?  Next Generation Communication Technologies refers to the enhancement and evolution of communication technology to higher network speed. Next Generation Communication Technologies also refers to converge infrastructure capable of providing multitude of serv...