According to IMARC Group’s latest report, titled “5G Infrastructure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global 5G infrastructure market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.1 Billion by 2028, exhibiting a growth rate (CAGR) of 45.9% during 2023-2028.
Fifth Generation or 5G infrastructure represents a network of macro and small cell base stations that integrates edge computing capabilities. It can be categorized into several types, such as software-defined networking, network function virtualization, standalone, non-standalone, etc.
These 5G infrastructure systems rely on software-defined networking (SDN), mobile edge computing (MEC), network functions virtualization (NFV), and fog computing (FC) technologies to enhance agility, improve scalability, and attain ultra-low latency. They support high mobility, throughput, connection density, and multi-gigabit per second or Gbps peak data speed.
5G infrastructure solutions are even designed to blend in with the existing landscape and enable continuous connection to the macro network that offers vast-area coverage. Consequently, they find extensive applications across various sectors, including automotive, healthcare, energy and utilities, retail, consumer electronics, information technology (IT), etc.
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What are the growth prospects and trends in the industry?
The shifting preferences toward high-speed data and superior network reliability and the emerging trend of automation across numerous industries for improving operational efficiency are among the key factors driving the market. Moreover, the expanding adoption of the 5G network in hospitals and other healthcare facilities to monitor medical procedures remotely and provide critical care treatment is acting as another significant growth-inducing factor.
The launch of driverless and semi-autonomous automobiles, smart electronic devices integrated with the internet of things (IoT), smart grids, climate control systems, etc., that require 5G network, owing to its low latency and high-speed data transmission properties is also positively influencing the global market.
The rising number of smart cities across the globe, the growing consumer inclination on live streaming, video calling, and virtual reality and augmented reality or (AR and VR) gaming, and the development of instant cloud computing technologies are expected to propel the market in the coming years.
Competitive Landscape With Key Players:
The competitive landscape of the 5G infrastructure market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Airspan Networks Inc.
- AT&T Inc.
- Cisco Systems Inc.
- Comba Telecom Systems Holdings Limited
- Hewlett Packard Enterprise Company
- Huawei Technologies Co. Ltd.
- Mavenir Systems Inc. (Comverse Technology)
- NEC Corporation
- Nokia Oyj
- Oracle Corporation
- Telefonaktiebolaget L M Ericsson
- ZTE Corporation
Key Market Segmentation:
The report has segmented the global 5G infrastructure market based on communication infrastructure, network technology, network architecture, frequency, end user and region.
Breakup by Communication Infrastructure:
- Small Cell
- Macro Cell
- Radio Access Network (RAN)
- Others
Breakup by Network Technology:
- Software-Defined Networking
- Network Function Virtualization
- Others
Breakup by Network Architecture:
- Standalone
- Non-Standalone
Breakup by Frequency:
- Sub-6 Ghz
- Above 6 Ghz
Breakup by End User:
- Automotive
- Energy and Utilities
- Healthcare
- Home User
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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