The global 5G infrastructure market revenue stood at $1.5 billion in 2020, and it is predicted to increase significantly during 2021–2030 (forecast period). The market is being driven by the growing adoption of technologies that require fast internet connection, such as artificial intelligence (AI), burgeoning requirement for low-latency internet, increasing adoption of virtual networking architecture in the telecommunications sector, and surging number of mobile data users across the world.
Furthermore, the adoption of machine-to-machine (M2M) connections in several industries is driving the installation of 5G network across the world. Additionally, the growing adoption of internet of things (IoT) applications, on account of the mushrooming popularity of augmented and virtual reality and remote and AI-controlled systems, is also fueling the growth of the 5G infrastructure market.
5G network has been developed for matching the surge in data storage and catering to the robust connectivity requirements. Moreover, with the growing sales of 5G subscriptions, on account of the increasing use of 5G-enabled devices and several other devices, the demand for 5G infrastructure is rising sharply around the world.
According to the Mobile Economy 2020 published by the Global System for Mobile Communications Association (GSMA), 5G will account for 20% of all connections across the world by 2025. Furthermore, the report estimates that 5G deployment will rise rapidly in Europe, North America, and Asia in the coming years.
This market research report provides a comprehensive overview of the market
Furthermore, the adoption of machine-to-machine (M2M) connections in several industries is driving the installation of 5G network across the world. Additionally, the growing adoption of internet of things (IoT) applications, on account of the mushrooming popularity of augmented and virtual reality and remote and AI-controlled systems, is also fueling the growth of the 5G infrastructure market.
IoT involves the sharing of data between several machine parts over a wireless network. The data is basically collected from sensors or an input source and then used for sending the output. 5G network assists in this process and improves the reliability of the IoT devices by transmitting the data with reduced latency. Apart from the above-mentioned factor, the ballooning adoption of 5G-enabled devices is also fueling the expansion of the 5G infrastructure market.
5G network has been developed for matching the surge in data storage and catering to the robust connectivity requirements. Moreover, with the growing sales of 5G subscriptions, on account of the increasing use of 5G-enabled devices and several other devices, the demand for 5G infrastructure is rising sharply around the world.
According to the Mobile Economy 2020 published by the Global System for Mobile Communications Association (GSMA), 5G will account for 20% of all connections across the world by 2025. Furthermore, the report estimates that 5G deployment will rise rapidly in Europe, North America, and Asia in the coming years.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
