High Hopes for 5G, But Confusion Remains

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The industry has high hopes for 5G, and with good reason. It’s expected to accelerate the development and adoption of highly anticipated applications like autonomous vehicles. It’s expected to do nothing short of revolutionize communication, paving the way to the most connected world yet. Allied Market Research values the global 5G technology market at $5.53 billion in 2020, and projects the market will reach nearly $668 billion by 2026, growing at a CAGR (compound annual growth rate) of 122.3%.

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