5G Infrastructure | Global Market Size, Share & Trends Analysis Report 2023 | A $95+ Billion Opportunity Assessment - ResearchAndMarkets.com

The "5G Infrastructure: Global Market Size, Share & Trends Analysis Report 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The global 5G infrastructure market size is expected to reach USD 95.88 billion by 2030, growing at a CAGR of 28.4% from 2023 to 2030.

A surge in demand for 5G connections across the globe is a vital factor in driving the growth of 5G infrastructure. The increased demand for a 5G network is due to its ability to offer high-speed, low-latency internet connectivity. Businesses across the globe are increasingly focusing on leveraging the Internet of Things (IoT) ecosystem to optimize their operations and improve overall performance. IoT comprises a network of interconnected devices equipped with sensors, software, and network connectivity, enabling them to gather and share information.

The rapidly increasing number of Industrial Internet of Things (IIoT) devices is expected to generate massive demand for enhanced data connectivity. As a result, it is anticipated to boost the adoption of 5G services in industrial applications, which, in turn, is expected to spur the market growth over the forecast period. Key market players are partnering to offer 5G solutions to consumers. For instance, in June 2023, Nokia and Virgin Media O2 extended their ongoing partnership by three years. In this deal, Nokia will continue to supply its RAN equipment from its AirScale portfolio. With this agreement, Virgin Media O2 will continue to offer improved connectivity to its customers in the UK. The COVID-19 pandemic had a significant impact on the global economy and 5G infrastructure deployment.

Lockdown measures in countries like the U.S., China, and India caused disruptions in supply chains and resulted in delayed deployments of 5G infrastructure. Spectrum auctions for 5G frequencies were also postponed by telecom authorities and governments, including in the UK, France, Italy, and Spain. These delays further hampered the global rollout of next-generation network infrastructure, liming the industry growth. Asia Pacific is expected to dominate the global industry over the forecast period owing to the rapid rollout of 5G in several countries of the region. In addition, the high demand for digital transformation across Asia Pacific will support the region's growth.

5G Infrastructure Market Report Highlights

• The hardware segment dominated the market in 2022 and is expected to witness the fastest CARG over the forecast period due to a rise in 5G deployment across the globe
• The mmWave segment is anticipated to register the fastest CAGR over the forecast period. mmWave includes higher radio frequency bands ranging from 24 GHz to 40 GHz
• The segment growth is attributed to the release of mmWave frequencies by countries to boost their data services
• The non-standalone segment is expected to dominate the market in 2022 due to the widespread adoption of non-standalone networks across the globe. Non-standalone is a cost-effective solution, which will fuel the adoption of this network architecture
• The industrial segment is anticipated to register the fastest CAGR over the forecast period due to the growing demand for 5G in Industry 4.0
• The increasing adoption of IoT devices, collaborative robots, and other advanced technologies is expected to boost the demand for 5G infrastructure in industries

Market Dynamics

• Market Driver Impact Analysis
  • Continuing rise in data traffic and resulting need for network capacity expansion
  • Increasing deployment of 5G network infrastructure for smart city use-case applications
  • Rising adoption of internet of things (IoT) technology
• Market Challenge Impact Analysis
  • Escalating trade war between the U.S. and China
  • High initial investments involved in 5G network infrastructure development & deployment
• Market Opportunity Impact Analysis
  • Multitude of investments in deploying 5G network infrastructure by the key network operators and move towards industry 4.0

Key Topics Covered

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. 5G Infrastructure Market Variables and Trends

Chapter 4. 5G Infrastructure Market: Component Estimates & Trend Analysis

Chapter 5. 5G Infrastructure Market: Spectrum Estimates & Trend Analysis

Chapter 6. 5G Infrastructure Market: Network Architecture Estimates & Trend Analysis

Chapter 7. 5G Infrastructure Market: Vertical Estimates & Trend Analysis

Chapter 8. 5G Infrastructure Market: Regional Estimates & Trend Analysis

Chapter 9. 5G Infrastructure Market: Competitive Landscape

Companies Mentioned

• Altiostar
• Huawei Technologies Co. Ltd.
• Nokia Corporation
• Samsung Electronics Co. Ltd.
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
• Airspan Networks Holdings Inc.
• Fujitsu Limited
• CommScope Inc.
• Corning
• NEC Corporation
• Cisco Systems, Inc.
• Hewlett Packard Enterprise Development L.P.
• Ceragon
• Casa Systems
• Mavenir
• Comba Telecom Systems Holdings Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/iueic6

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.