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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Network function virtualization held largest size of 5G infrastructure market in 2019
The NFV is designed in such a way that a network operator can easily implement different network functions via software that can be run on standard server hardware and can be easily shifted or installed in different locations in the network as per requirement without the need to install new hardware equipment. In other words, the network provider will no longer need to procure dedicated or application-specific hardware devices to build, add, or to offer new services. Owing to these factors, NFV is suitable in the 5G network environment.
5G Standalone (NR + Core) to grow at higher CAGR in 5G infrastructure market during forecast period
5G Standalone (SA) refers to an independent 5G network. 5G SA includes both New Radio and Core. 5G SA network provides an end-to-end 5G experience to users. The SA network can interoperate with the existing 4G or LTE network to provide service continuity between the 2 network generations. 5G Core uses a cloud-aligned service-based architecture (SBA) that supports control plane function interaction, reusability, flexible connections, and service discovery that spans all functions.
Above 6 GHz held largest share of 5G infrastructure market in 2019
Frequencies such as 26 GHz and 28 GHz bands in above 6 GHz band have strong momentum. They tend to support spectrum harmonization, and thus reduce handset complexity, economies of scale, and early equipment availability. Governments and regulators must realize the potential of 5G for new mobile bands above 24 GHz. Significant availability of harmonized 5G spectrum in these bands is essential to enable fast 5G speeds, low cost devices, international roaming, and minimize cross border interference.
Industrial end-user segment to have highest growth in 5G infrastructure market in coming years
Currently, the deployment of 5G in the industrial sector is in the nascent stage, and not many developments can be seen. However, owing to growth opportunities in IoT and M2M communication technologies, a 5G network is expected to play a vital role in manufacturing, healthcare, aerospace & defense, industrial, automotive, and many other sectors.
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