The Global 5G Infrastructure Market size was valued at USD 825.1 million in 2020 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.83% from 20212030. 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. The evolution and adoption of 5G would create numerous opportunities for the business. Similar to the way 4G had shaken up the industry landscape, wherein data packages became more important than voice and SMS packages, 5G would help us to harness the full potential of IoT (Internet of Things), AI (Artificial Intelligence) and AR (Augmented Reality), among many others. 5G assures 10 times more speed than wireless connectivity, which is expected to eliminate latency and create seamless connectivity. It offer latency of 1 millisecond (ms) or lower, which is useful for end use applications that require real-time feedback. According to Nokia Corporstion, by 2024, there will be over a billion 5G subscribers globally. Nowadays, communications service providers (CSPs) are making move to standalone (SA) designs to deliver the full benefits of 5G technology. Increasing investment in the 5G network will build the sustainable infrastructure and long-term success. Market Segmentations and Scope of the Study: The global 5G infrastructure market share has been analyzed based on communication infrastructure, network technology, chipset type, application, and geography. Based on communication infrastructure, the market is segmented into Small Cell, Macro Cell, Radio Access Network (RAN), and Distributed Antenna System (DAS). Based on network technology, the market is divided into Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), and Fog Computing (FC). Based on chipset type, the market is divided into Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA). Based on chipset type, the market is divided into Automotive, Energy & Utilities, Healthcare, Retail, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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https://www.nextmsc.com/5g-infrastructure-market/request-sample Geographical Analysis North America is witnessing higher implementation of 5G infrastructure and thus expected to hold the highest market share in the global 5G infrastructure market throughout the forecast period. This is attributable to factors such as well-established infrastructures, higher penetration of IoT and AI technologies as well as higher inclination towards the concept of smart homes and smart cities. It is expected that the emerging economies, specifically the countries in Asia-Pacific region shall witness increasing market size owing to the expansion of telecommunication and IT industry. Also, increased adoption of smart phones, growing consumption of mobile data, and shift towards automation shall augment the growth of 5G infrastructure market over the forecast period in this region. Inquire before buying- https://www.nextmsc.com/5g-infrastructure-market/inquirebefore-buying Competitive Landscape The highly competitive and vivid 5G infrastructure market, consists of various market players. Some of the major market players include 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 Verizon among others. The past endeavors and futuristic advancements, sum-up to comprehend the overall market growth. For instance, in October 2019, the well-known player of 5G infrastructure market Corning Incorporated and Intel had announced a strategic collaboration to accelerate the availability of 5G network in buildings. The two companies planned to work together inorder to deliver a virtual platform for Corning’s 5G network solutions powered by Intel Xeon Scalable processors and Intel FlexRAN Reference Software Architecture. In the first week of March 2020, the South Korea’s Ministry of Science and ICT announced that three major network players, SK Telecom, KT and LG Uplus, would invest KRW 4 trillion in their 5G network infrastructure, in the first half of 2020. This investment would cover the cost of installing additional equipment to enhance 5G service coverage, as well as deployment of the 5G infrastructure in subways, railroads, departmental stores, and universities. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by
capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit, https://www.nextmsc.com
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