The 5G infrastructure market is estimated to be valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1%. The major driving factors is the lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are driving the market. Increasing M2M connections across various industries are also expected to drive the 5G infrastructure growth during the forecast period.
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North America to hold major share of 5G infrastructure market in 2019
North America is one of the leading markets for 5G infrastructure, in terms of R&D activities in 5G technology, network design/deployment, and presence of key market players. North America is well known for its high adoption rate of new advanced technologies including Internet of Things (IoT), wearable technology, autonomous car/connected cars. Reliable and fast connectivity required for these technologies is addressed by 5G. Therefore, high growth opportunities for the said market in North America can be expected.
Special Report on Covid-19 Impact on 5G infratsructure market
“Delay in the release of 5G specifications has resulted in a slowdown in the development of 5G ecosystem.”
In March 2020, 3GPP, the global association developing the world’s 5G technology, announced a three-month delay in the timeline for the completion of 5G specifications: Releases 16 and 17. Currently, 5G network deployments are based on Release 15, which largely relies upon 4G networks as the backbone for “non-standalone” 5G services. Delay in Releases 16 and 17 will result in the slowdown of the commercial development 5G devices and 5G deployments.
Know More:
https://www.marketsandmarkets.com/Market-Reports/covid-19-impact-on-5g-infrastructure-market-165448475.html
Key Market Players
The major players in the 5G infrastructure market are Huawei (China), Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and Mavenir (US).
Huawei (China) is the leader in the 5G infrastructure market. The company is a global information and technology solutions provider. It has about 36 joint innovation centers and 14 R&D centers, with a widespread presence and serves its customers in about 170 countries. The company is also among the major vendors of the telecom network infrastructure. The network equipment provided by Huawei has always been a major part of rollouts in APAC, Europe, the US, and other emerging regional markets across the world. Huawei is looking forward to work with its partners to activate transformation in enterprise collaboration and communication, which includes 10-fold network capacity expansion, 10 dB coverage improvement, 10 times better user experience, and introduces artificial intelligence (AI) to simplify networks.
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