5G Processor Industry Forecast Analysis, Growth, Share, Market Trends, Forecast to 2027 | COVID-19 Effects
Market Scope 5G processors are designed to be compatible with 5G, the latest network communication technology. They are currently able to handle graphics-heavy games, large applications, and processing a huge volume of data. The global 5G processor market report by Market Research Future (MRFR) highlights various trends and challenges to be faced by industry stalwarts during the forecast period (2020-2027). The COVID-19 pandemic and its effect on the industry has been explored in high detail. Market Scope The global 5G Processor Industry is expected to expand at 18.3% CAGR over the forecast period. It can experience heavy demand owing to demand for high computing speeds and accuracy in processes. Increase in mobile data traffic, high-speed internet, and IoT connectivity can drive market growth significantly. Distance learning, live streaming, videoconferencing, and telemedicine are likely to push the demand for 5G processors. Telecommunication organizations are increa...