5G Infrastructure Market Overview
An overview of conceptual frameworks, analytical approaches of the 5G Infrastructure market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The 5G Infrastructure market is expected to grow at a significant rate in the near future.
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%
5G Infrastructure Market Definition
5G infrastructure can be comprehended as the network of macro and small cell base stations consisting of edge computing capabilities that are mandatory for the functional capability of the fifth generation technology standard for cellular networks. Macro cells are the conventional cell towers that carry out their functions and provide services to a widespread area. In 5G networks, the usual network functions that ordinarily operate on hardware turns virtualized, functioning as software.
Majority of the carriers will be utilizing the already existent 4G LTE radio access networks (RANs) augmented with few new antennas, before 5G networks reach their maximum potential and become self-sustained. This enables carriers to transform from 4G networks to 5G networks by providing enhanced services whilst the advanced material infrastructure is reinforced.
In addition, 5G infrastructure also offers low latency coverage for big data streams that power applications like semi-autonomous vehicles, IoT devices, and augmented reality (AR).
5G Infrastructure Market Dynamics
5G infrastructure is majorly an amalgam of core network, Radio Access Network (RAN), and transport and backhaul. The transport and backhaul network comprises microwave antennas or fiber optics. The rapid emergence of advanced technologies including artificial intelligence, augmented and virtual reality, the internet of things (IoT), and connected cars, in the present-day world, is majorly boosting the growth of the global 5G network infrastructure market across the world.
In addition, the 5G infrastructure market is estimated to remodel the realm of several different broadband services and is further expected to encourage connectivity across various end-user verticals. Owing to which, the 5G networks are anticipated to witness massive demand in the near future.
Noticeably, the 5G network consists of the macro and small cells, which in turn is expected to cut off the additional costs as it gets rid of the money-exhaustive rooftop systems as well as installation expenses, ultimately estimated to assist in enhancing the battery duration and performance of mobile handsets.
Attributing to which, the global 5G infrastructure market is estimated to observe significant breakthroughs over the forecast period.
Moreover, the increasing requirement for an uninterrupted and seamless telecommunications industry across the globe is also projected to provide numerous lucrative growth opportunities for the global 5G infrastructure market in the forthcoming years.
Other than that, there are plenty of investments made by governments and regulatory authorities across the globe regarding the growth of the 5G technologies, which is further expected to support the growth of the global 5G infrastructure market in the given timeframe.
Furthermore, various new and emerging telecom companies, worldwide, have permeated into the global 5G infrastructure market which has also positively fueled the growth of the global 5G infrastructure market.
However, the huge cost related to substituting the estate infrastructure with 5G infrastructures, along with security and privacy concerns is likely to restrict the growth of the global 5G infrastructure market in the near future.
In addition, the COVID-19 global pandemic has also interrupted the progression of 5G infrastructure in several countries, where the pandemic forced the countries to take up safety measures to curb the spread of the deadly virus, which affected the timing of the 5G infrastructure standard finalization and many countries, resultantly postponed their auction of 5G spectrum.
5G Infrastructure Market Segmentation
The global 5G infrastructure market is segmented on the basis of communication infrastructure, core network technology, network architecture, operational frequency, end user, and region.
On the basis of the Communication Infrastructure, the 5G infrastructure market is segmented into Small Cell and Macro Cell.
The Core Network 5G infrastructure market segment is divided into Software-Defined Networking (SDN) and Network Function Virtualization (NFV).
Furthermore, the Network Architecture 5G infrastructure market segment is divided into 5G NR Non-Standalone (LTE Combined) and 5G Standalone (NR + Core).
On the basis of Operational Frequency, the market is segmented into Sub 6 GHz and Above 6 GHz.
Lastly, on the basis of end user, the 5G infrastructure market is segmented into Residential, Commercial, Industrial, and Government
5G Infrastructure Market Key Players
The global 5G infrastructure market is dominated by 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.
5G Infrastructure Market Regional Overview and Analysis
On the basis of region, the 5G infrastructure market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa
Europe is anticipated to record a considerable fraction of the global demand in the 5G infrastructure market, owing to the occupancy of large carriers’ and vendors' investment to commence technology in this region.
In addition to that, the joint venture of the European ICT and European Commission industry to offer 5G infrastructure public-private partnership (5G PPP) is projected to deliver advanced architectures, solutions, technologies, and standards for the future generation.
The major goal of this joint venture is to conserve up to 90% of energy per service offered as well as there will also be focus on the mobile communication networks where the domineering energy usage comes from the radio access network.
MMC Overview on 5G Infrastructure Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the 5G infrastructure market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘5G Infrastructure Market: Opportunity Analysis and Future Assessment 2020-2028’.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of 5G Infrastructure
Advantages of 5G Infrastructure
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.