Summary:
- The global 5G infrastructure market size reached USD 10.4 Billion in 2023.
- The market is expected to reach USD 258.0 Billion by 2032, exhibiting a growth rate (CAGR) of 42.94% % during 2024-2032.
- Asia Pacific leads the market, accounting for the largest 5G infrastructure market share.
- Radio access network (RAN) accounts for most of the market share in the communication infrastructure segment due to the increased investments in expanding network capacity and coverage to support the rising demand for faster data speeds.
- Network function virtualization holds the largest share in the 5G infrastructure industry, owing to its flexibility, scalability, and cost-efficiency.
- Based on the network architecture, the market has been bifurcated into standalone and non-standalone.
- Sub-6 Ghz represents the leading segment, as this frequency range are less affected by obstacles and interference.
- Home user holds the largest share in the market as 5G enhances home broadband connectivity.
- The rising deployment of the Internet of Things (IoT) technologies is a primary driver of the 5G infrastructure market.
- The increasing data consumption across the globe is reshaping the 5G infrastructure market.
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Industry Trends and Drivers:
- Expanding Network of the Internet of Things (IoT) Devices:
The rise of the Internet of Things (IoT) is one of the major factors boosting the market growth.
Moreover, the growing number of devices that are connected to the internet, including smart home appliances and industrial sensors, leading to the demand for a network that can handle high-speed data transmission and low latency, is creating a positive outlook for the market. 5G is designed to meet these needs by offering faster speeds, reduced latency, and greater bandwidth compared to 4G. This capability allows for more efficient communication between IoT devices, enabling real-time data collection and analysis, which is critical for industries like manufacturing, healthcare, and transportation.
- Surge in Data Consumption and Mobile Traffic:
The exponential growth in data consumption is positively impacting the market growth.
Moreover, the increasing utilization of mobile devices for video streaming, gaming, social media, and cloud services, fueling the demand for faster and more reliable data networks, is contributing to the market growth. 5G networks offer the bandwidth and speed necessary to support high-definition (HD) video streaming, immersive gaming experiences, and augmented reality (AR) or virtual reality (VR) applications. Besides this, the rise of remote work and online education that led to higher data traffic, prompting telecom operators to upgrade their networks to 5G is enhancing the market growth.
Furthermore, the growing demand among consumers and businesses for faster internet connections with minimal delays, encouraging telecom companies to invest in building out 5G infrastructure, is favoring the market growth.
- Rising Government Initiatives and Investments:
The imposition of various regulatory initiatives as governments recognizes the strategic importance of 5G in enhancing national competitiveness, fostering innovation, and improving public services is creating a positive outlook for the market. They provide funding and incentives for the development of 5G networks, along with policies that streamline spectrum allocation and network deployment. Apart from this, the burgeoning investments that aim at upgrading existing telecom infrastructure, thus encouraging the development of new 5G applications across industries, are propelling the market growth.
Additionally, the establishment of government-led projects that are focused on smart cities, public safety, and digital transformation, creating a favorable environment for the deployment of 5G infrastructure, is driving the market growth.
5G Infrastructure Market Report Segmentation:
Breakup By Communication Infrastructure:
· Small Cell
· Macro cell
· Radio Access Network (RAN)
· Others
Radio access network (RAN) account for most shares as it plays a crucial role in connecting user devices to the core network, which is essential for 5G services.
Breakup By Network Technology:
· Software-Defined Networking
· Network Function Virtualization
· Others
Network function virtualization dominates the market as it enables more efficient management of network resources by allowing functions to run on virtual machines rather than dedicated hardware.
Breakup By Network Architecture:
Standalone
· Non-Standalone
Based on the network architecture, the market has been bifurcated into standalone and non-standalone.
Breakup By Frequency:
· Sub-6 Ghz
· Above 6 Ghz
Sub-6 Ghz hold most shares as it offers a balanced combination of range and speed, making them suitable for widespread 5G coverage.
Breakup By End User:
Automotive
· Energy and Utilities
· Healthcare
· Home User
· Others
Home user exhibits a clear dominance due to the increasing demand for high-speed internet at home for remote work, online education, and entertainment needs.
Breakup By Region:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
Asia Pacific holds the leading position owing to a large market for 5G infrastructure driven by significant investments, early adoption of 5G technologies, and introduction of government-backed initiatives.
Top 5G Infrastructure Market Leaders:
The 5G infrastructure market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
· Airspan Networks Inc.
· AT&T Inc.
· Cisco Systems Inc.
· Comba Telecom Systems Holdings Limited
· Hewlett Packard Enterprise Company
· Huawei Technologies Co. Ltd.
· Mavenir Systems Inc. (Comverse Technology)
· NEC Corporation
· Nokia Oyj
· Oracle Corporation
· Telefonaktiebolaget L M Ericsson
· ZTE Corporation
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
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