The 5G Technology market is witnessing rapid growth with the expectation of surpassing USD 700 billion by the year 2025 while registering a CAGR of 70.83%. Globally 5G networks are predicted to own subscribers of over 1.7 billion by the year 2025. The increased bandwidth and higher download speeds could reach up to 10 gigabytes per second. Besides mobile networks, they are expected to serve in various essential applications like industrial IoT, enterprise networking, and critical communications. Growing trends towards consumer electronics and wearable devices are expected to drive the 5G Technology market in the review period. The error rate controlling mechanism while providing excellent speed for the essential operations have provided lucrative opportunities for the global 5G Technology market.