The report "5G Infrastructure Market
by Communication Infrastructure (Small Cell, RAN, Macro Cell), Network
Technology (SDN, NFV, MEC, FC), Chipset Type (ASIC, RFIC), Application
(Automotive, Consumer Electronics, Retail), and Geography - Global
Forecast to 2027" The 5G infrastructure market is estimated to
be valued at USD 2.86 billion in 2020 and it is further projected to
reach USD 41.87 billion by 2027, at a CAGR of 46.7% between 2020 and
2027. The major factors driving the growth of the 5G infrastructure
market include increasing demand for mobile data services, rising
importance of software implementation in communication network, growth
of machine-to-machine (M2M) communication in industries, and growing
demand for high speed and large network coverage.
Consumer electronics expected to hold the largest share of the 5G infrastructure market
The growth of the market is attributed to the
proliferation of 5G-enabled consumer electronics devices in the market.
For instance, after the commercialization of 5G network connectivity, it
is expected that there will be a high demand for 5G-enabled smartphones
with high-speed Internet connectivity. This is one of the main drivers
for consumer electronics application. This is one of the main drivers
for consumer electronics application and hence estimated to hold the
largest market share in 2020.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202955795
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202955795
Small cells are expected to hold the largest share of the 5G infrastructure market in 2020
Small cells are low-powered radio access nodes that
operate in the licensed and unlicensed spectrum and can provide a
coverage up to 2 km. The larger market share of small cell is attributed
to the large-scale deployment of small cells by communication and
mobile operators. In recent times, the mobile and communication network
operators are facing imminent challenges such as growth in the levels of
data traffic and signaling on communication network, rise in user
expectations of quality of services, need to support variety of data
traffic (includes data, audio, and video) with high speed and
reliability, and most importantly to improve capacity and coverage to
target new revenue opportunities. To address these needs, operators are
developing and deploying small cells at a faster pace and on large
scale.
Network function virtualization to exhibit the highest growth throughout the forecast period
Network function virtualization (NFV) is the new
advanced network technology wherein virtualized network services are
being carried out in lieu of proprietary, dedicated or
application-specific hardware such as switches, servers, and routers.
The NFV promises to ease the load by granting service providers the
flexibility to move network functions from dedicated appliances to
generic servers. Using standard IT virtualization technology, NFV
focuses to combine many network equipment onto a standard, high-volume
servers, switches, and storage; thereby making the networks more agile
and efficient.
The market for industrial automation expected to grow at a high rate between 2020 and 2027
This is because of the growing demand for process
automation in various industries such as manufacturing and process
industries. To carry out various processes effectively in these
industries, the flow of data and information at right time and place is
crucial. With the implementation of 5G network, a strong data network,
in terms of high speed with the minimal delay, can be easily achieved.
North America expected to hold the largest share of the 5G infrastructure market in 2020
The growth of the market is attributed to various
factors such as increasing automation in different industries, rising
number of subscribers owning more than one connected device, advanced
technologies such as Internet of Things (IoT), high growth rate of
connected/autonomous cars, increase in cellular M2M connections, high
demand for on-demand video services, and growing trends of smart cities.
In these applications, 5G network connectivity will be critical to
carry out different tasks such as data transfer, data process, and
communication. Thus, the growth of these applications in North America
is the major driving factor for the growth of the 5G infrastructure
market.
Some of the key players in the 5G infrastructure
market are Qualcomm (US), Intel (US), Ericsson (Sweden), Samsung (South
Korea), NEC (Japan), Qorvo (US), AT&T (US), Huawei (China), Nokia
(Finland), MediaTek (Taiwan), Cisco (US), Cavium (US), Analog Devices
(US), Verizon Communications (US), SK Telecom (South Korea), T-Mobile
(US), ZTE (China), Korea Telecom (South Korea), China Mobile (China),
and MACOM Technology Solutions (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70%
to 80% of worldwide companies’ revenues. Currently servicing 7500
customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment