The global 5G infrastructure market will touch USD 27,476 million at a 58.9% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
5G Infrastructure Market Drivers/5G Infrastructure Market Trends
Vital Role of 5G Technology in Smart City Projects to Boost Market Growth
The government initiatives to deploy smart city projects and other public welfare projects through digital transformation will boost market growth over the forecast period. 5G technology plays an imperative part to promote smart technologies globally. The government and various companies are introducing norms and laying down different initiatives for promoting the development of smart cities particularly in the LAMEA and the APAC region.
Proliferation of M2M/IoT Connections to offer Robust Opportunities
The internet of things machine to machine are emerging technologies that are making wireless networking seamless and efficient. Machine to machine technology ensures enhanced networking and connection between various products and devices for transferring data and other information. This process includes a communication channel amid those devices for ensuring data exchange without any disturbance or flaw. 5G infrastructure and networking plays an imperative part in this process. Likewise, internet of things is a network of connectivity that includes connecting devices to the internet. This technology utilizes enhanced devices like sensors that integrate data from different devices.
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Privacy Concerns to act as Market Restraints
Increase in security and privacy concerns to act as market restraint over the forecast period.
Major Delays to act as Market Challenge
The major delays in spectrum allocations may act as market challenge over the forecast period.
The COVID-19 pandemic outbreak has led to several disruptions in the 5G deployment across the world affecting investments, disruptions in supply chain, delays in spectrum allocations, and others. The telecom industry stakeholders in the 2019 including Communications Service Providers had started trials and rollouts of 5G network services, while several countries across the globe were busy with preparing themselves for rollouts via spectrum auctions, releasing tendes for infrastructure contracts, among other readiness initiatives involved. Through the pandemic situation, all the aforementioned preparedness noticed impact over 5G infrastructure market mainly on account of delayed spectrum auctions, lowered expenditure budgets for digital transformation and others.
By communication, the small cell sub-segment will lead the market over the forecast period.
By network architecture, the 5G standalone segment will dominate the market over the forecast period.
By operational frequency, the above 6 GHz segment will spearhead the market over the forecast period.
By core technology, the network function virtualization will have the lions share in the market over the forecast period.
By end user, the industrial segment will command the market over the forecast period.
North America to Command 5G Infrastructure Market
North America will command this market in the forecast period. Heavy investments on 5G infrastructure, growing adoption of the US and Canada, growing demand for efficient and faster transportation, presence of key players, increasing RD activities in 5G technology and network design/deployment, high adoption rate of new advanced technologies like autonomous car/connected cars, wearable technology, and internet of things, and the need for fast and reliable connectivity are adding to the 5G infrastructure market growth in this region.
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Eminent players profiled in the 5G infrastructure market report include Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Nokia (Finland), SAMSUNG (South Korea), ZTE Corporation (China), NEC Corporation (Japan), Cisco Systems, Inc. (US), CommScope, Inc. (US), Comba Telecom Systems Holdings Ltd. (China), Alpha Networks Inc. (Taiwan), Siklu Inc. (US), Mavenir (US), Airspan Networks (US), Hewlett Packard Enterprise Development LP (US), and F5, Inc. (US).
Airtel and Intel have entered into a partnership for jointly developing key 5G infrastructure. Both will collaborate for building 4 and 5G vRAN and open RAN infrastructure together.
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