According to IMARC Group’s latest report, titled “5G Infrastructure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global 5G infrastructure market exhibited strong growth during 2015-2020 and is expected to grow at a CAGR of around 45% during 2021-2026. 5G (fifth generation) infrastructure is a network of macro and small cell base stations that integrates telecom, computer, and storage resources into a unified system. The infrastructure relies on network functions virtualization (NFV), software-defined networking (SDN), mobile edge computing (MEC), and fog computing (FC) technologies to boost agility, scalability, and attain ultra-low latency. It also supports throughput, high mobility, connection density, and multi-gigabit per second (Gbps) peak data speed. Currently, telecom operators are utilizing a non-standalone (NSA) approach to deploy 5G infrastructure.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Market Trends and Drivers:
The enhanced massive machine type communication (MTC), mobile broadband (MBB), and ultra-reliable and low latency communication (URLLC) provided by the network, and the increasing demand for high-speed data and superior network reliability, impels the 5G infrastructure market growth. Additionally, rising industrial automation further enhances the need for 5G infrastructure. Moreover, these networks are gaining traction in the healthcare industry to monitor medical procedures remotely and provide critical care treatment. The widespread utilization of semi-autonomous vehicles, internet of things (IoT) devices, and augmented reality (AR), and the advent of driverless automobiles and smart electronic devices are other growth-inducing factors. Furthermore, the development of smart cities, precision farming, digitized logistics, and instant cloud computing are also expected to bolster the global market growth.
5G Infrastructure Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the 5G infrastructure market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global 5G infrastructure market on the basis of communication infrastructure, network technology, network architecture, frequency, end user and region.
Breakup by Communication Infrastructure:
Breakup by Network Technology:
Breakup by Network Architecture:
Breakup by Frequency:
Breakup by End User:
Breakup by Region:
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Key Highlights of the Report:
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