5G Infrastructure Market to Grow at 68.7% CAGR by 2030
Constant expansion of telecommunication & IT industry linked with technological advancement along with surge in the smart devices are expected to drive the growth of 5G infrastructure industry during the forecast period of 2022-2030.
The 5G Infrastructure Market is expected to grow at the CAGR of 68.7% from 2022-2030, according to a new research report by Next Move Strategy Consulting.
5G Infrastructure is one of the highly developed technology which helps in the deployment of 5G services. 5G technology provides better connectivity and faster data processing on a large scale. It is also considered as the revolution in telecommunication industry with wide range of applications as well as advantages over 3G & 4G services.
According to the report, constant expansion of telecommunication and IT industry linked with technological advancements along with the development of infrastructure. In addition, there has been surge in the adoption of smart devices along with the growing inclination towards smart cities. There has been growth in the demand of mobile services with the launch of 5G services is likely to further support the market growth. On the other hand, growing use of IoT along with the burgeoning demand for high speed internet owing to rapid use of social media & applications are also expected to anticipate the market growth. Moreover, rising investments from government with high penetration rate of 5G services tends to bring change in market trend over the forecast period.
However, the high cost associated with the infrastructure development along with the surge in privacy concerns is likely to hamper the market growth. On the other hand rising government initiatives in the developing economies are expected to create ample opportunities in the 5G infrastructure market.
On the basis of Communication infrastructure, the 5G infrastructure market share is segmented into Small Cell, Macro Cell, Radio Access Network (RAN), and Distributed Antenna System (DAS). Radio Access Network (RAN) dominates the global 5G infrastructure market in terms of growth rate and will be the dominant during the forecasted period.
On the basis of network technology, the 5G infrastructure market is categorised into Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), and Fog Computing (FC). Network Function Virtualization (NFV) hold the major market share and likely to dominate the market growth over the forecast period.
Based on Chipset type, the market is categorized into Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA). Radio Frequency Integrated Circuit is expected to show significant growth over the period of time.
Based on Application, the market is fragmented into Automotive, Energy & Utilities, Healthcare, Retail, and Others. Automotive segment hold the major market share over the forecast period as well as dominate the market growth.
North America is likely to account for the highest size & share of the 5G infrastructure market in the forecast period 2022–2030 owing to the presence of developed infrastructure along with technological advancement further supported by growing automation with the development of smart cities. Europe accounts for the second leading position in the 5G infrastructure market size. Asia Pacific is expected to be the fastest developing region in the 5G infrastructure market which is majorly driven by presence of rapid developing telecommunication & IT sector contributed by surge in the use of smart devices along with mobile data usage.
According to the report, some the key players in the 5G infrastructure market are Marvell Technology Group Ltd. (Cavium, Inc.), Intel Corporation, NEC Corporation, Qualcomm Incorporated, Mavenir Systems, Oracle Corporation, Cisco Systems Inc., Ericsson, MediaTek Inc., Hewlett Packard Enterprise Development LP, ZTE Corporation, Nokia Corporation.
Browse key industry insights from the report at https://www.nextmsc.com/report/5g-infrastructure-market in detail along with the table of contents:
Key Insights from the 5G Infrastructure Market Report:
- Asia Pacific is the fastest growing 5G Infrastructure market owing to the growing telecommunication & IT industry supported by the surge in smart devices along with mobile data as well as growing automation.
- The Radio Frequency Integrated Circuit and Radio Access Network (RAN) dominate the segment and are expected to grow at significant CAGR to maintain the led in 2030.
- Some of the major players in the market are Marvell Technology Group Ltd. (Cavium, Inc.), Intel Corporation, NEC Corporation, Qualcomm Incorporated, Mavenir Systems, Oracle Corporation, Cisco Systems Inc., Ericsson, MediaTek Inc., Hewlett Packard Enterprise Development LP, ZTE Corporation, Nokia Corporation.
The report 5G Infrastructure market – segmented by communication infrastructure, network technology, chipset type, application and geography
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