(MENAFN- EIN Presswire)
ReportsnReports
PUNE, MAHARASHTRA, INDIA, August 22, 2022 /EINPresswire.com / — The global mmWave 5G Market size is expected to grow from USD 2.5 billion in 2022 to USD 4.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. With the increasing demand for wireless data bandwidth, the mobile data experience for users continues to expand and develop, putting an increasing strain on the network use of the available wireless spectrum. To meet this projected growth, the cellular industry looked to other frequency bands that could possibly be utilized in the development of new 5G wireless technologies driving mmWave market growth.
ultra-reliable and low-latency communication (URLLC) use case is estimated to account for higher CAGR during the forecast period
URLLC is an essential feature…
