5G in defense market size reached USD 9.31 billion in 2020 and is expected to register a revenue CAGR of 68.4% during the forecast period, according to latest analysis by Emergen Research. Increasing implementation of Internet of Things (IoT) in military is expected to support market revenue growth during 2021-2028. Besides, increasing dependency on big data for decision making will boost market growth. Large volume real-time data capture using sensors installed on various platforms are processed and analyzed using sophisticated machine learning and Artificial Intelligence.
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5G In Defense Market Competitive Landscape, Overview & Factor Analysis, 2021–2028
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5G in defense market size reached USD 9.31 billion in 2020 and is expected to register a revenue CAGR of 68.4% during the forecast period, according to latest analysis by Emergen Research. Increasing implementation of Internet of Things (IoT) in military is expected to support market revenue growth during 2021-2028. Besides, increasing dependency on big data for decision making will boost market growth. Large volume real-time data capture using sensors installed on various platforms are processed and analyzed using sophisticated machine learning and Artificial Intelligence.
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