Rising Need for Lower Latency and Higher Bandwidth to Drive Global 5G Infrastructure Market

Growing technological advancements, increasing demand for mobile data services, growing adoption of IoT & big data, to drive the Global 5G Infrastructure Market through 2023

According to TechSci Research report, “Global 5G Infrastructure Market, By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN) and Distributed Antenna System (DAS)), By Core Network Technology (Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile Edge Computing (MEC) and Fog Computing (FC)), By Application (Healthcare, Automotive, and Others), By Company and By Geography, Forecast & Opportunities, 2023’’, Global 5G Infrastructure Market is expected to reach USD 33.14 Billion by 2023, at a CAGR of over 50% during the forecast period. The major factors driving the growth of the 5G infrastructure market are growing demand for high speed & large network coverage, growing adoption of IoT and big data analysis, growing demand for connected vehicles & devices across the globe and increasing investments by the government. Furthermore, 5G is a key enabler for Internet of Things by offering a platform to connect several devices to the internet. Based on application, the market for industrial automation is expected to grow at the highest rate during the forecast period owing to growing demand for process automation in various industries such as manufacturing and process industries. The major vendors in the 5G infrastructure market include Qualcomm, Ericsson, Samsung, among others.

Moreover, the increasing government initiatives in developing the 5G infrastructure coupled with the growing investments in the Research and development sector by major governments worldwide is projected to drive the growth of the market by 2023.

Based on core network technology, the market has been categorized into Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile Edge Computing (MEC) and Fog Computing (FC). The SDN market is projected to dominate the market during the forecast period owing to its applications & technology in the architecture for 5G network and to reduce the hardware limitations SDN would play an important role.

Qualcomm, Ericsson, Samsung, Intel, Cisco, Qorvo etc, are major companies operating in the Global 5G Infrastructure Market.

APAC region is expected to dominate the market during the forecast period since the countries like China and India are investing heavily in designing the prototypes of the 5G network. In India, companies like Ericsson have already started their trials for the upcoming technology with various Indian telecom operators. Similarly, China government is likely to initiate commercial rollouts by 2020. With 3,400–3,600 MHz band, the country’s first trials are anticipated to be conducted in 2020. For high internet speeds, China government has plans on using spectrum around 25 gigahertz and 40 gigahertz frequencies.

“The need for a network with lower latency and higher bandwidth to the end users coupled with the rising IoT adoption and enterprise mobility is likely to drive the growth of the Global 5G Infrastructure Market by 2023. Moreover, the growing demand for machine to machine communication among various industries is anticipated to drive the 5G Infrastructure market through 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global 5G Infrastructure Market, By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN) and Distributed Antenna System (DAS)), By Core Network Technology (Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile Edge Computing (MEC) and Fog Computing (FC)), By Application (Healthcare, Automotive, and Others), By Company and By Geography, Forecast & Opportunities, 2023’’ has evaluated the future growth potential of Global 5G Infrastructure market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in Global 5G Infrastructure Market.

 

 

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