Constant growing telecommunication & IT industry supported by technological advancement along with surge in industrial automation as well as growing adoption of smart devices are key drivers for Global 5G Infrastructure Market.
5G Infrastructure Market is valued around USD 982.3 Million in 2019 and expected to reach USD 315.89 Billion by 2030 with the CAGR of 68.9% over the forecast period.
5G Infrastructure associated with the deployment of 5G services which is also known as 5th generation in telecom industry. It offers high speed connectivity services which requires advanced & developed infrastructure which includes advanced chipset along with other components to support such kind of rigorous activities. 5G speed is 10 times faster as compared to conventional technology, on the other hand rapid use of virtual reality, cloud computing and others are also contributing the major share in the successful deployment of 5G infrastructure to promote 5G technology.
Global 5G Infrastructure Market report is segmented on the basis of communication infrastructure, network technology, chipset type, application and by regional. Based upon communication infrastructure, the 5G infrastructure market is fragmented into Small Cell, Macro Cell, Radio Access Network (RAN), and Distributed Antenna System (DAS). On the basis of network technology, the market is categorized into Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), and Fog Computing (FC). Based on chipset type, the market is fragmented into Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA). On the basis of application, the market is categorized into Automotive, Energy & Utilities, Healthcare, Retail, and Others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The 5G infrastructures market is mainly driven by the constant development of telecommunication and IT industry along with growing automation. There has been several technological advancements along with presence of developed infrastructure are also likely to contribute the market growth. In addition, growing demand of better connectivity as well as high speed internet services in the developing economies, along with growth in social media usage & live streaming activities. Moreover, surge in smart devices along with the use of IoT, AI and others which are also expected to promote the 5G infrastructure market. However, high cost of infrastructure development supported by rising privacy concerns are expected to hamper the market growth.
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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of advanced technology as well as along with the surge in automation activities & smart cities. Asia Pacific is expected to dominate the 5G infrastructure market in terms of growth rate owing to the rapid growth in telecommunication & IT industry in developing economies. Moreover, rapid growth in the adoption of smart devices along with surge in automation activities owing to rapid industrialization is likely to fuel the market growth over the forecast period.
The major market players profiled in the 5G infrastructure market includes Marvell Technology Group Ltd. (Cavium, Inc.), Intel Corporation, NEC Corporation, Qualcomm Incorporated, Mavenir Systems, Oracle Corporation, Cisco Systems Inc., Ericsson, MediaTek Inc., Hewlett Packard Enterprise Development LP, ZTE Corporation, Nokia Corporation among others.
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