5G infrastructure Market
The growing developments in the field of telecommunications globally and other major driving factors is expected to favour the rise in the global 5G infrastructure market
Meridian Market Consultants (MMC) has published a new report titled, “5G infrastructure Market: Opportunity Analysis and Future Assessment 2020 2028”
Global 5G Infrastructure Market, By Communication Infrastructure (Small Cell and Macro Cell), By Core Network (Software-Defined Networking (SDN) and Network Function Virtualization (NFV)), By Network Architecture (5G NR Non-Standalone (LTE Combined) and 5G Standalone (NR + Core), By Operational Frequency (Sub 6 GHz and Above 6 GHz), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global 5G Infrastructure market is estimated to reach at a value of US$ 1,335.3 Mn by the end of 2020 and expected to reach at a value of US$ 58,823.2 Mn by 2028 with a significant CAGR of 60.6%
As per the report, 5G network infrastructure comprises standalone 5G infrastructures, which consist of their own cloud-native network core that links to 5G New Radio (NR) technology, and non-standalone (NSA) infrastructures, which still rely on existing 4G LTE infrastructure to a certain extent. Before the network carriers are capable of building out the independent physical infrastructure needed for 5G, the non-standalone (NSA) approach employs an amalgam of 5G NR interface, 5G Radio Access Network (RAN), and already existing 3G or 4G LTE infrastructure and core network to maintain a 5G-like experience.
5G networks is the fifth generation of mobile networks and is a substantial development and progression of 4G LTE networks. The primary goal of designing and developing the fifth generation of the mobile network is to meet the needs of the considerable growth in connectivity and data of present day’s modern society, the internet of things (IoT) with millions of connected devices, and other anticipated innovations. Such factors are expected to propel the growth of the global 5G infrastructure market over the forecast period. Other than that, the rising demand of consumer mobile bandwidth and sensor devices as well as connectivity for internet of things (IoT) for smart city operations, along with cropping up applications, like self-driving and connected cars and augmented reality (AR), further accelerates the development of the 5G infrastructure, thereby boosting the growth of the global 5G infrastructure market.
With the same token, the emerging 5G technologies is also anticipated to refurbish the domain of several different broadband services across the world and is also estimated to stimulate connectivity across various end-user verticals, thus positively fueling the demand of 5G infrastructure. The massive success of 3G and 4G technologies has also created an environment for the evolution of 5G technologies which has in turn has shooted its demand briskly. Owing to which, the global 5G infrastructure market is projected to witness substantial growth in the given timeframe. In addition to that, the usage of mobile data has surged as well over the past decade along with various live streaming platforms that have also built significant growth opportunities for the 5G infrastructure industry within the global market. Considering the aforementioned dynamics, the global market for 5G infrastructure is projected to grow at a vigorous rate in the years to come.
Moreover, the completely transforming telecommunication industry in the past few decades and constant advancements till date is further acting as a positive factor for the growth of the global 5G infrastructure market in the near future. Additionally, there have been abundant investments by the governments across the world for supporting the development of 5G technologies, thus surging the growth of the global 5G infrastructure market. However, the global pandemic of year 2020 has massively disrupted the progression of 5G infrastructure in most of the countries across the world due to numerous safety measures taken up for preventing the spread of virus including lockdown in several nations and restrictions which is likely to obstruct the growth of the global 5G infrastructure market in the near future. In addition, the huge cost associated with substituting the legacy infrastructure with 5G infrastructures, along with security and privacy concerns may hold back the growth of the global 5G infrastructure market in the coming years.
MMC Study identifies some of the key participating players in the 5G infrastructure market globally are Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, NEC Corporation, Cisco Systems, Inc., Fujitsu Limited, CommScope Inc., Comba Telecom Systems Holdings Ltd., Altiostar, Airspan Networks, Casa Systems, HPE, Mavenir, Parallel Wireless, JMA Wireless, Ceragon, Aviat Networks, Inc., among others, among others.
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