Global 5G infrastructure market is expected to grow at a CAGR of 67.2% during the forecast

The latest market report published by Credence Research, Inc. “Global 5G Infrastructure Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The market for 5G Infrastructure is expected to grow from US$ 1.4 billion in 2020 to US$ 50.2 billion by 2027 with a CAGR of over 67.2% during the forecast period from 2020 to 2027.

Global 5G Infrastructure Market, 2020 – 2027 (USD Million)

Browse the full report at  5G infrastructure market: Global Industry Size, Share, Statistics and Forecast 2020-2027 (credenceresearch.com)

The positive impact of the fourth industrial revolution and its related new technologies will be fully realized with widespread deployment of 5G infrastructure. The main functional drivers of 5G will open up a slew of new opportunities, including improved service delivery, decision-making, and end-user experience. A various industries will be impacted by 5G infrastructure. Many businesses, particularly in the industrial sector, look 5G as the preferred future communication platform, propelling Industry 4.0 and smart manufacturing forward. The concept of a “future factory” is becoming a reality in various industries. Industry is facing a significant challenge in dealing with increasing bandwidth and latency requirements, big data generated by more connected equipment, and data processing on the factory floor which will overcome with the adoption of 5G technology. Furthermore, as demand for live video streaming, video chatting, virtual reality, and augmented reality gaming increases, so will demand for 5G infrastructure. The 5G Infrastructure Market is also being driven by the demand for unified bandwidth with low latency in order to allow seamless connectivity among autonomous vehicles. The 5G Infrastructure Market, on the other hand, is expected to be stymied by high investment and technological as well as infrastructural challenges in 5G adoption.

The network function virtualization sector dominated the 5G infrastructure market.

The NFV is designed in such a way that a network operator can easily implement various network services by using software that runs on standard server hardware and can be quickly relocated or placed in as many network locations as needed without the need for additional hardware. To put it another way, the network provider will no longer need to acquire specialized or application-specific hardware equipment in order to build, extend, or offer new services. NFV is a good fit for 5G networks because of these characteristics.

North America to hold major share of 5G infrastructure market in 2019

In terms of R&D activities, network design/deployment, and the presence of key industry competitors, North America is one of the most significant markets for 5G infrastructure. North America is known for its rapid adoption of cutting-edge technologies such as the Internet of Things (IoT), wearable technology, and self-driving/connected cars. 5G meets the demand for a stable and fast connection in these technologies. As a result, the aforementioned North American market could see significant growth opportunities.

Global 5G Infrastructure Market key Players:

Alpha Networks, CISCO, Comba Telecom Systems, CommScope, Ericsson, Huawei, Mavenir, NEC, Nokia Networks, Samsung, Siklu Communication, and ZTE are among the major players in the global 5G infrastructure sector. To strengthen the position in this market, the leading industry pioneers have used a variety of strategies, including significant investments in R&D, new product launches, market initiatives, agreements, joint ventures, mergers and acquisitions, partnerships, collaborations, and other strategies. Mavenir announced a strategic partnership with Turkcell, one of Turkey’s leading digital carriers, in February 2020. Beginning in Turkey, the collaboration will test and deploy OpenRANvRAN within the Turkcell Group. NEC Corporation announced the development of millimeter-wave distributed antennas (MIMO) for effective 5G millimeter-wave spectrum utilisation in January 2020. This newly developed device has solved the problems of shielding and diffraction of propagation routes in millimeter-wave communications for indoor mobile communications.

Market Segmentation

Global 5G Infrastructure Market by Communication Infrastructure, 2015 – 2027

  • Small Cell
  • Micro Cell
  • Femto Cell

Global 5G Infrastructure Market by Core Network Technology, 2015 – 2027

  • Software-Defined Networking
  • Network Function Virtualization

Global 5G Infrastructure Market by Network Architecture, 2015 – 2027

  • 5G NR Non-Standalone
  • 5G Standalone

Global 5G Infrastructure Market by Operational Frequency, 2015 – 2027

  • Sub 6 GHz
  • Above 6 GHz

Global 5G Infrastructure Market by End User, 2015 – 2027

  • Residential
  • Commercial
  • Industrial
  • Government

Global 5G Infrastructure Market by Company

  • Alpha Networks
  • CISCO
  • Comba Telecom Systems
  • CommScope
  • Ericsson
  • Huawei
  • Mavenir
  • NEC
  • Nokia Networks
  • Samsung
  • Siklu Communication
  • ZTE