5G Infrastructure Market Analysis and Insights:
The 5G Infrastructure Market size is estimated to grow at a CAGR of around 65% during the forecast period, i.e., 2023-28.
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5G Infrastructure Market Dynamics
Market Driver: Expanding Virtual Networking Architectures in Telecommunications
Currently, the networks are being implemented using various hardware intended for purpose-specific applications. Besides exhibiting an inability to expand, these types of hardware are costly to maintain and manage. Moreover, the lifespan of devices is also minimal. Therefore, in the 5G infrastructure, it is crucial to create a flexible & agile network structure that is easily altered and built as per the needs, enabling thousands of gadgets to connect in the future. This is possible via software-based networking techniques like virtualization of network functions (NFV) & software-defined network (SDN). SDN & NFV enable network flexibility by dividing networks into virtual elements. Additionally, the 5G network slicing can allow network operators to use only the features needed to serve specific clients and certain market segments. Therefore, these software-driven network technologies would accelerate the growth of the market for 5G infrastructure in terms of speed of deployment & the efficient operation of the 5G network.
5G Infrastructure Market Report Segmentation:
The report has segmented the market into the following categories:
By Spectrum
-Sub–1 GHz
-1.1 to 6 GHz
-Above 6 GHz
By Communication Infrastructure
-RAN
-Transport Network
-Core Network
By Application
-Automotive
–Autonomous Driving
–Smart Navigation
–Digitalized Logistics
-Energy & Power
–Smart Grid
–Smart Meters
-Industries
–Machine to Machine (M2M) Communication
–Remote Machinery
-Consumer Electronics
–Smart Handheld Devices
–Immersive Technology Devices (AR & VR)
-Others
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Market Divided by Region/Country:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Who are the top Companies in the 5G Infrastructure Market?
Hardware Providers (Intel Corporation, Qualcomm Technologies Inc., Mediatek Inc, Huawei Technologies Co. Ltd, Samsung Electronics Co. Ltd),
Networking Providers (Telefonaktiebolaget, LM Ericsson, Cisco Systems Inc., Nokia, Huawei Technologies Co., Ltd., Samsung Electronics Co. Ltd), Network Providers (Verizon Communications Inc., AT&T Inc., NTT Docomo Inc., Orange, Vodafone Group Plc), others
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