5G infrastructure Market is Expected to Reach USD 259.08 Billion by 2030

Rapidly rising in the data traffic influence the demand for the 5G infrastructure industry.

According to the Next Move Strategy Consulting, the global 5G Infrastructure Market is valued at USD 7.46 billion in 2023, and is expected to reach USD 259.08 billion by 2030, with a CAGR of 66.0% from 2024 to 2030.

The 5G infrastructure market growth encompasses technologies, equipment, and services crucial for deploying and operating 5G networks. It includes stakeholders like network equipment manufacturers, semiconductor companies, telecom operators, deployment service providers, edge computing, and cloud service providers, regulatory bodies, and cybersecurity firms.

Hardware components like base stations, antennas, routers, and small cells, along with software solutions for network management and virtualization, are key. Chipmakers develop semiconductor components for high-speed data transmission, while telecom operators invest in infrastructure upgrades.

Deployment service providers offer installation and support, and edge computing and cloud providers deliver platforms for low-latency applications. Regulatory bodies set deployment frameworks, and cybersecurity firms ensure network security, driving innovation and growth in the 5G infrastructure market. 

In addition, increasing data traffic is driving the demand for 5G infrastructure, fueled by modern consumer behavior and technological advancements. The rise in smartphone, tablet, and connected device usage has raised expectations for high-speed data services and immersive content experiences.

According to the Ericsson Mobility Report, 163 million 5G subscriptions were added in the third quarter of 2023, reaching a total of 1.4 billion subscriptions, with projections to exceed 5.3 billion by 2029. However, the high initial 5G infrastructure costs challenge telecom companies, especially in resource-constrained regions. Strategic planning, collaboration, and innovative financing are crucial for expediting 5G adoption, considering the significant investment required for new infrastructure, network upgrades, spectrum licenses, R&D, and workforce training.

On the contrary, the emergence of advanced technologies such as IoT expand interconnected devices and generate vast data; 5G networks enable high-speed connectivity and real-time data transmission for IoT applications in various sectors. This fusion of IoT and 5G drives innovation, digital transformation, and economic growth. Thus, creating ample growth opportunities for the market.

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According to the report, leading players in the 5G infrastructure industry include Huawei Technologies Co., Ltd., Ericsson, Nokia Corporation, Samsung Electronics Co., Ltd., Qualcomm Incorporated, Cisco Systems, Inc., LG Electronics Inc., ZTE Corporation, Intel Corporation, NEC Corporation, and others. These market players are adopting strategies such as product launches across various regions to maintain their dominance in the global market.

For instance, in February 2024, Qualcomm introduced the world's most advanced 5G Modem-RF System, incorporating integrated AI to drive the next generation of 5G technology. This cutting-edge system leverages AI to enhance 5G capabilities, marking a significant advancement in 5G technology.

Also, in February 2024, Huawei launched its Net5.5G solutions at MWC Barcelona 2024, focusing on ultra-broadband applications to drive carrier growth. These solutions support network evolution for carriers, emphasizing immersive terminals and AIGC for future network development. Huawei's initiative aims to inspire new growth in the telecom industry through advanced 5.5G technology.

In addition, in February 2024, ZTE launched 5G-A highlights at MWC 2024, showcasing groundbreaking advancements such as the industry's first NTN ground base station and innovative 5G IoT trials. These developments aim to enhance emergency communication, wide-area IoT, and internet services, emphasizing the integration of communication and computation for AI applications.

Key Insights from the 5G Infrastructure Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the 5G infrastructure market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the role of each stakeholder.

• The market share of the global 5G infrastructure market players and their competitive analysis are provided in the report.

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