5G Infrastructure Market Demand, Latest Technology and Outlook 2020 to 2030
The Global 5G Infrastructure Market size was valued at USD 982.3 million in 2019 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 66.0% from 2020-2030.
5G is a major breakthrough in the
telecommunication industry and is expected to revolutionize almost all other
sectors as we know them. Demand for mobile data traffic is expected to increase
multifold in the coming years. The legacy 4G networks are not able to keep pace
with this demand, especially in dense urban areas. 5G wireless technology is
designed to deliver higher speeds, greater bandwidth, ultra-low latency, more
reliability, massive network capacity and a standard user experience to
increased user base. Higher performance and improved efficiency would help to
connect virtually everyone and everything together including machines, objects,
and devices.
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Top Companies: Intel Corporation, Mediatek Inc., Nokia
Corporation, Qualcomm Technologies, Inc., AT&T, Ericsson, Huawei
Technologies Co., Ltd., Hewlett Packard Enterprise (HPE), Samsung Electronics
Co. Ltd. and others.
The world is getting
connected more than ever before. Increasing adoption of smart phone, smart
wearable, smart home, and smart cities along with IoT, AI and AR is creating
demand for efficient network infrastructure. The technological advancements
along with expanding infrastructures, are expected to accelerate the growth of
5G infrastructure market over the forecast period. Also, increasing demand for
no-buffer live video streaming, amplified use of social media sites and other
such factors are substantially fueling the growth of 5G infrastructure market.
However, high-cost associated with replacing the legacy infrastructure with 5G
infrastructures, along with privacy and security concerns may impede the market
growth. On the other hand, upsurge in government initiatives to strengthen the
communication infrastructure is expected to create ample of opportunities for
the players in the 5G infrastructure market.
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The
study comes out as an intelligent and comprehensive appraisal tool as well as a
reliable guide that will help you maintain a solid place in the global 5G
Infrastructure industry. This includes Porter’s Five Powers and PESTLE research
to equip the company with critical knowledge and comparative statistics on the
Global 5G Infrastructure Industry. We also given an in-depth review of the
Vendor Environment to give you a full understanding of the present and
potential business scenarios of the global 5G Infrastructure industry. Our
researchers are using the new primary and secondary analysis methods and
methods to produce detailed and reliable market research studies.
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businesses.
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