5G Infrastructure Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Spectrum (Sub-6 GHz, mmWave), By Network Architecture, By Vertical, By Region, And Segment Forecasts, 2021 - 2028
5G Infrastructure Market Growth & Trends
The global 5G Infrastructure market size is expected to reach USD 80.5 billion by 2028. It is expected to expand at a CAGR of 49.8% from 2021 to 2028. The significant investments by communication service providers to deploy 5G infrastructure across the globe to provide improved data services are estimated to drive the market. Additionally, robust innovation in next-generation 5G network equipment and deployment module will help in bringing down the overall deployment costs for service providers. As a result, it is estimated to boost the deployment of 5G infrastructure over the forecast period.
Significantly growing demand for high bandwidth connectivity for several use cases, such as accessing ultra-high definition (UHD) videos, cloud-based AR/VR gaming, and HD video meetings, is expected to boost the market growth during the forecast period.Moreover, a wide range of industries including manufacturing, oil and gas, mining, and energy and utility are investing a massive amount in deploying 5G networks.
The 5G network helps industrial facilities to enhance their overall productivity and operational efficiency. Thus, the growing need for high bandwidth capacity to establish unified connectivity to millions of Industrial IoT (IIoT) devices is expected to foster market growth from 2020 to 2027.
With the emergence of 5G technology, the transportation and logistics industry is shifting towards a significant transformation in order to build an autonomous ecosystem.Moreover, the deployment of a 5G network will help in delivering seamless data speed for various transport applications, including ships and ports, Vehicle-to-Everything (V2X), and drone connectivity.
Moreover, a notable demand for high-speed bandwidth capacity for emergency healthcare applications, such as remote patient surgeries, is estimated to strengthen the market growth from 2020 to 2027. Besides, robust demand for 5G data services in rapidly building several smart cities for energy management and cloud storage applications is further anticipated to expand the market growth.
The ongoing pandemic of COVID-19 has shown an adverse impact on the market for the 5G infrastructure.Several telecom equipment manufacturers across the globe have temporarily halted the production and export of 5G equipment.
Additionally, federal governments across key countries such as the U.S., France, the U.K., and Australia have temporarily postponed the 5G spectrum auctions in their countries. Further, the escalating trade war between the two largest economies, coupled with the rising security concerns, is estimated to hinder the market growth.
5G Infrastructure Market Report Highlights • Based on component, in the hardware segment, RAN held the largest share of 46.3% in 2019 owing to a significant rise in investments in deploying 5G cloud or centralized RAN across key countries, such as the U.S., the U.K., Japan, and China
• With the growing need to provide unified connectivity to several industrial sensors and collaborative robots, the industrial vertical segment is anticipated to witness considerable growth over the forecast period
• Robust investments in installing a 5G standalone network to deliver ultra-reliable low latency connectivity for connected vehicle applications are estimated to surge the growth of the standalone network architecture segment over the forecast period
• By spectrum, the sub-6 GHz segment held the dominant share of 94.7% in 2019, which is attributed to the high focus on releasing sub-6 GHz frequency bands by federal governments initially across key countries to deliver high-speed data services
• Leading players such as Telefonaktiebolaget LM Ericsson and Nokia Corporation are highly focused on establishing partnerships with leading service providers to enhance their geographical presence and overall market share
Our reports have been used by over 10K customers, including:
In this research service, Frost & Sullivan focuses on leading service providers that provide comprehensive DIA service offerings in the US market.Service providers are primarily analyzed on the basis of their DIA portfolios, including their presence in retail and wholesale segments. Over the years, service providers have strengthened...
This IDC Market Note provides IDC's perspective on Sandvine's Application and Network Intelligence solution strategy. For too long, the global communications industry focused on the level of quality each network provides as well as its associated secure reliability and 5-9s availability. These attributes have defined the industry for over...
As enterprises increase their use of both cloud and physical infrastructures to support a digital business, they require tools that enable easy, efficient, and consistent management of all environments.As such, hybrid cloud management platforms have evolved to provide common functionality across infrastructures, architectures, and vendors. For...
The network devices market is expected to grow from USD 26.4 billion in 2022 and is projected to reach USD 36.4 billion by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period. WiFi network deployment helps enterprises rapidly build and connect business applications. The WiFi network also provides greater flexibility,...
The global consumer network attached storage market reached a value of US$ 24.5 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 58.8 Billion by 2027, exhibiting a CAGR of 16.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the...
The global smart electric meter market reached a value of US$ 21.45 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 35.86 Billion by 2027, exhibiting a CAGR of 8.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the...
120 pages •
By Infiniti Research Limited
• Jun 2022
Global Network Attached Storage (NAS) Market 2022-2026 The analyst has been monitoring the network-attached storage (NAS) market and it is poised to grow by $ 18.61 bn during 2022-2026, accelerating at a CAGR of 9.03% during the forecast period. Our report on the network-attached storage (NAS) market provides a holistic...
The Global Network-as-a-Service market (henceforth referred to as the market studied) was valued at USD 10.80 billion in 2021 and is expected to reach USD 59.44 billion by 2027, registering a CAGR of 32.67% during the forecast period of 2022-2027. Key Highlights One of the primary factors driving the growth of...
This IDC study presents the worldwide market forecast for carrier routing network equipment for 2022-2026. Carrier routing network equipment sales to carrier SPs are forecast to grow from $12.2 billion in 2021 to $14.6 billion by the end of 2026 at a CAGR of 3.7%."IDC expects the carrier routing equipment market to continue to grow over the...
Air Passenger Transport
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.