The global 5G infrastructure market size is projected to reach USD 50,640.4 million by the end of 2026. Increasing smartphone penetration and rising internet usage are the primary factors that will contribute to the growth of the market. According to a report published by Fortune Business Insights, titled “5G Infrastructure Market Size, Share and Industry Analysis By Component (Fibers, Cables, Antenna, Transceiver, Wireless Backhaul, Modem, Router), By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)), and Regional Forecast 2019-2026,” the market was worth USD 720.6 million in 2018 and will exhibit a CAGR of 76.29% during the forecast period, 2019-2026.
The 5G technology is the 5th generation mobile network that will deliver speeds at the rate of a few gigabytes per second (GBPS). The network is developed in a way that will connect virtually everyone and everything, including devices, objects, and machines. The primary aim of 5G infrastructure development is to create an inter-connected network platform that will allow data transfer and communication at faster rates. Recent advances in 5G network have opened up a huge potential for telecom service providers across the globe. The massive investment in the development and integration of 5G network and infrastructure by companies from domains other than telecom and ICT, will aid the growth of the overall 5G infrastructure market in the coming years.
Despite Claims of Being a Source of Coronavirus Outbreak, 5G Infrastructure to Rise in the Coming Years
The recent coronavirus outbreak has created a stir among healthcare professionals across the world. Due to the rapid spread of the disease, researchers are putting in extended efforts to determine the cause of the disease as well as treatment options. Several claims had indicated that the 5G infrastructure is related to the spread of the virus. Despite the negativities surrounding 5G network, scientists have ridiculed the rumors and provided practical evidence stating this network has no links to the coronavirus. The 5G infrastructure market is set to rise at a high CAGR in the coming years, driven by the huge potential held by the product across the world.
High Investment in 5G Network Will Aid Growth of the Market in North America
The report analyzes ongoing trends across regional markets of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Among these regions, the market in North America is likely to emerge dominant due to the higher investment in 5G development as compared to other regions. The rapid advances in 5G implementation especially in the United States, is attributable to the presence of several large scale companies. As of 2018, the market in North America was worth USD 247.6 million and this value is projected to increase further in the coming years.
The market in Asia Pacific will also rise at a considerable pace driven by the constantly rising demand for faster network and increasing smartphone users. The rising population in countries such as China and India will bode well for the growth of the regional market.
List of Companies Profiled:
• Verizon Ltd.
• Hewlett Packard Enterprise (HPE),
• Intel Corporations
• Qualcomm Technologies
• Huawei Technologies Co.
• Samsung Electronics
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