5G Infrastructure Market Size
5G Infrastructure Market is estimated to grow from USD 1.04 Billion in 2019 to USD 152.56 Billion by 2027, at a CAGR of 86.6% during 2020-2027.
Growing requirement for large network coverage, high-speed network, increase of M2M/IoT connections and rising demand for mobile broadband services across the globe has propelled the growth of this market. Apart from this, rising government initiatives to build smart cities in the developing nations is expected to provide lucrative growth opportunities for 5G infrastructure market.
5G Infrastructure Market by Core Network Technology (Network Function Virtualization (NFV), Software-Defined Networking (SDN)); by Communication Infrastructure (Macro Cell, Small Cell); by Operational Frequency (Above 6 GHz, Sub 6 GHz); by Network Architecture (5G Standalone (NR + Core), 5G NR Non-Standalone (LTE Combined)); by End User (Commercial, Residential, Government, Industrial) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027
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Key Player Analysis
Some of the major players in 5G Infrastructure Market are: American Tower (US), Airspan Networks (US), Ciena Corporation (US), Affirmed Networks Inc. (US), VMware, Inc. (US), AT&T (US), Korea Telecom (US), Extreme Networks (US), CommScope Inc. (US), Cisco Systems (US), Juniper (US), T-Mobile US, Inc. (US), Huawei Technologies Co., Ltd. (US), Mavenir (US), Verizon Communications Inc. (US), Hewlett Packard Enterprise (US), Nokia Networks (Finland), Ericsson (Sweden), NEC Corporation (Japan), ZTE Corporation (China), China Mobile (China), Comba Telecom (Hong Kong), SK Telecom (South Korea) and Samsung Electronics Co., Ltd. (South Korea) among others
Network function virtualization (NFV) held more that 75% of the total share of the 5G infrastructure market. It is developed in such a way that it can be easily implemented in various network functions with a software which can run on any standard server hardware and can be easily transferred or installed at different network locations when needed without requiring to install any new hardware equipment.
In other terms, the network carrier would no longer need to buy dedicated or application-specific hardware equipment to develop, add or deliver new services. These factors make NVF to suit in 5G network environment and acquire the maximum share.
Above 6 GHz segment accounted for about 86% share in 2019 and is expected to grow with the fastest CAGR of 87.1% during the forecast period. Various key communication service providers are making huge investments for acquiring low and mid band frequencies and are constantly into delivering high bandwidth services to various industries, businesses and different consumers.
26 GHz and 28 GHz bands which come above 6 GHz band have a very strong momentum. These bands reduce the early equipment availability, economies of scale and the handset complexity by supporting the spectrum harmonization. These high frequency bands also provide enhanced bandwidth capacity with very low latency. These are usually helpful in applications specially in Vehicle-to-Vehicle (V2V) connectivity and remote patient surgeries, where the ultra-reliable connectivity is highly required.
The government bodies across various developed countries have already started releasing such high frequency bands to provide enhanced data service. This has enabled international roaming, minimal cross border interference, low cost devices and faster 5G speeds.
Thus, increasing focus by the key federal governments across various countries is expected to boost the market in coming future and aid in the faster growth rate for above 6 GHz segment.
Industrial segment dominated the market by 30% share in 2019, and is expected to grow with the fastest CAGR in the upcoming years. The aim to provide seamless connectivity to the Automated Guided Vehicles, extended reality headsets, devices with Ultra-HD wireless cameras has attributed to the high demand for 5G services.
Due to the increasing demand for establishing a continual communication across the industrial sector, the 5G infrastructure applications in this sector is expected to boost in the coming future. Apart from this, the growing opportunities in the M2M communication technologies and IoT, the 5G network is expected to have an important role in other sectors like automotive, industrial, aerospace & defence, healthcare, manufacturing and many other sectors.
Various public safety facilities and government bodies are deploying 5G infrastructure in order to establish a quick communication with responders during the emergencies. Also, during the current emergency situations of pandemic, the high-speed network is likely to surge in the healthcare segment.
Based on regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America held 42% share in 2019, where as Asia Pacific is expected to grow at the fastest CAGR of 87% from 2020 to 2027. The presence of many key market players, huge network design/deployment and various R&D activities in 5G technologies is leading to the greater share in this region.
Various advanced technologies these days require a fast connection network. North America has a very high adoption rate when it comes advanced technologies like autonomous car/connected cars, wearable technology or Internet of Things (IoT), thus gaining high growth opportunities in this region.
Major communication service providers like KT Corporation and China Mobile Limited are aggressively deploying new 5G radio frequencies, government bodies in various developing countries like India, China, South Korea and Japan are releasing high frequencies for catering the growing high-speed data needs for the subscribers; therefore, anticipating a stronger growth rate in the forecast period.
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