The report is titled as ‘5G Infrastructure Market: Opportunity Analysis and Future Assessment 2020-2028’. 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 5G infrastructure market is estimated to reach at a value of US$ 8.3 Bn by the end of 2022 and expected to reach at a value of US$ 1,365.0 Bn by 2030 with a significant CAGR of 89.2%.
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5G Infrastructure Introduction
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.
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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.
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