Dublin, August 16, 2022 (GLOBE NEWSWIRE) — The report “5G Infrastructure Market by Communication Infrastructure, by Technology Network, by Chipset Type, by Application – Global Opportunity Analysis and Industry Forecast, 2022 – 2030” was added to ResearchAndMarkets.com offering.
The global 5G infrastructure market size was valued at USD 1,179.2 million in 2021 and is expected to reach USD 131.4 billion by 2030, with a growing CAGR of 68.7% between 2022 and 2030.
5G is a breakthrough in the telecom industry and is expected to revolutionize almost every other industry as we know it. The demand for mobile data traffic is expected to multiply in the coming years. Legacy 4G networks cannot keep up with this demand, especially in dense urban areas.
5G wireless technology is designed to deliver higher speeds, higher bandwidth, ultra-low latency, more reliability, massive network capacity, and a standard user experience for a larger user base. Higher performance and greater efficiency would help connect virtually everyone and everything, including machines, objects, and devices.
The evolution and adoption of 5G would create numerous opportunities for the business. Similar to the way 4G had shaken up the industry landscape, in which data packets became more important than voice and SMS packets, 5G would help us realize the full potential of IoT (Internet of Things). things), AI (Artificial Intelligence) and AR (Augmented). Reality), among many others.
5G ensures 10 times the speed of wireless connectivity, which is expected to eliminate latency and create seamless connectivity. It offers a latency of 1 millisecond (ms) or less, which is useful for end-use applications that require real-time feedback.
According to Nokia Corporation, by 2024 there will be more than one billion 5G subscribers worldwide. Today, Communications Service Providers (CSPs) are moving to stand-alone designs (SAs) to deliver the full benefits of 5G technology. Increased investment in the 5G network will build sustainable infrastructure and long-term success.
Market dynamics and trends
The world is connecting more than ever. The growing adoption of smartphones, smart wearables, smart homes, and smart cities along with IoT, AI, and AR is creating a demand for efficient network infrastructure.
Technological advancements coupled with the expansion of infrastructures are expected to accelerate the growth of the 5G infrastructure market during the forecast period. In addition, the increasing demand for buffer-free live video streaming, amplified use of social networking sites, and other similar factors are substantially driving the growth of the 5G infrastructure market.
However, the high cost associated with replacing legacy infrastructure with 5G infrastructures, coupled with privacy and security concerns, may impede market growth. On the other hand, increasing government initiatives to strengthen communications infrastructure are expected to create ample opportunities for players in the 5G infrastructure market.
North America is witnessing increased deployment of 5G infrastructure and thus is expected to hold the largest market share in the global 5G infrastructure market during the forecast period. This is attributable to factors such as well-established infrastructures, increased penetration of IoT and AI technologies, as well as a greater inclination towards the concept of smart homes and smart cities.
Emerging economies, specifically countries in the Asia-Pacific region, are expected to witness an increase in market size due to the expansion of the telecom and IT industry. Furthermore, the increased adoption of smartphones, increasing mobile data consumption and the shift towards automation will increase the growth of the 5G infrastructure market during the forecast period in this region.
The highly competitive and vivid 5G infrastructure market consists of various market players. Some of the major market players include
- Huawei Technologies Co., Ltd.
- Intel Corporation
- nokia corporation
- Qualcomm Technologies, Inc.
- Samsung Electronics Co. Limited
- AT&T inc.
- Hewlett Packard Enterprise (HPE)
- Mediatek Inc.
- Increased demand for broadband services
- Increased government initiatives to develop advanced technology
- Security concerns about 5G technology
- Growing adoption of IoT technology
Global 5G Infrastructure Market: By Communication Infrastructure
- small cell
- macro cell
- Radio Access Network (RAN)
- Distributed Antenna System (DAS)
Global 5G Infrastructure Market – By Network Technology
- Software Defined Networking (SDN) and Network Functions Virtualization (NFV)
- Mobile Edge Computing (MEC)
- Fog Computing (FC)
Global 5G Infrastructure Market – By Chipset Type
- Application Specific Integrated Circuit (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter wave technology chips
- Field Programmable Gate Array (FPGA)
Global 5G Infrastructure Market – By Application
- Energy and utilities
- Health care
- Retail sale
Global 5G Infrastructure Market: By Geography
- North America
- United Kingdom
- The rest of Europe
- Pacific Asia
- South Korea
- Rest of Asia-Pacific
- Latin America
- middle East
For more information on this report, please visit https://www.researchandmarkets.com/r/3i3uz3