Market Overview
The 5G infrastructure market is estimated to grow at a CAGR of 58.9% from 2021 to 2027. The 5G infrastructure market is expected to reach USD 27,476 million by the year 2027.
In telecommunications, 5G is a 5th generation mobile network, it is the latest wireless standard after the previous networks 4G, 3G, 2G, and 1G. This new wireless technology is meant to deliver higher multi-Gbps peak data speeds as compared to the older ones, the 5G is designed to deliver up to 20 Gbps.
The intended audience of the 5G infrastructure market has been technology consultants, software developers, government organizations, hardware manufacturers, telecom enterprises, communication service providers, investors, and venture capitalists.
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Advantages of using 5G are-
- It is more reliable
- It has a massive network capacity
- Improved efficiency
- Higher performance
The increase in the number of mobile phones, benefits offered by the 5G networks and the rapid developments in loT have been the drivers of the 5G infrastructure market.
Key players: The main key players in the 5G infrastructure market are Huawei Technologies Co. Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), Hewlett Packard enterprise development LP (US), Airspan networks Inc. (Taiwan), Siklu Inc. (US), Mavenir (US), Alpha networks Inc. (Taiwan), ZTE Corporation (China), NEC Corporation (Japan), Cisco Systems Inc. (US), CommScope Inc. (US), Comba telecom systems Holdings Ltd. (China).
Market segmentation
The 5G infrastructure market has been segmented based on communication infrastructure, network architecture, operational frequency and core technology.
Based on communication infrastructure: Based on communication infrastructure the 5G infrastructure market has been sub-segmented into the small cell(microcell), femtocell and pico cell (Macrocell).
Based on network architecture: The 5G infrastructure market has been sub-segmented under the segment of network architecture into 5G non-standalone and 5G standalone.
Based on operational frequency: Based on the operational frequency the 5G infrastructure market has been sub-segmented into below 6 G Hz and above 6 G Hz.
Based on core technology: The 5G infrastructure market under the segment of core technology has been sub-segmented into software-defined networking and network function virtualisation.
Regional classification
North America has been dominating the 5G infrastructure market in the region of South America, Asia, Africa, Europe and North America. Under the North American market, Canada is the fastest growing whereas the US is expected to lead the 5G infrastructure market. The Asia Pacific region is expected to experience the fastest growth in the 5G infrastructure market. In the Asia Pacific region, the market is segmented into China, India, Japan etc. countries.
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| Report Attribute | Details |
|---|---|
| Market Size | USD 27,476 Million |
| CAGR | CAGR 58.9% |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
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