Verified Market Research recently published a report, “5G Infrastructure Market” By Core Network Technology (FC, SDN, MEC, NFV), By Communication Infrastructure (Macro Cell, Small Cell and Radio Access Network), By Chipset Type (RFIC Chips, ASIC Chips, Field-Programmable Gate Array), By Application (Home Automation, Public Safety & Surveillance, Healthcare, Energy & Utilities), and By Geography. According to Verified Market Research, the Global 5G Infrastructure Market size was valued at USD 0.0028 Billion in 2020 and is projected to reach USD 49.64 Billion by 2028, growing at a CAGR of 42.7% from 2021 to 2028.
Global 5G Infrastructure Market Overview
5G infrastructure refers to as the infrastructure comprising of various small and macro-cell base stations having edge computing capabilities. Macro cells are traditional cell towers which are used to serve a wide area. In a 5G network, network functions that run on hardware are become visualized and run as software.
The growth of the 5G infrastructure is growing as hike in its deployment due to its several advantages, some of the prominent advantages of 5G infrastructure includes higher efficiency than the 3G and 4G and high speed data transmission are driving the growth of the 5G Infrastructure Market.
Significant advancement in the field of telecommunications and development in the domain of the mobile network, this has directly influenced the growth of the 5G Infrastructure Market. With the global demand for high-speed data to boosts the live streaming of the videos, video calling, virtual realities and augmented reality gaming are anticipated to fuel the demand for 5G Infrastructure. On the other hand high investment and technological as well as infrastructure challenges in implementation of 5G are anticipated to hamper the growth of the 5G Infrastructure Market.
Despite of several pros, high investment and technological as well as infrastructure challenges with respect to implementation of 5G are anticipated to hamper the growth of the 5G Infrastructure Market. In addition to this, higher concerns related to privacy and security is hampering the growth of the market.
Key Developments in 5G Infrastructure Market
- In October 2020, Intel expanded the lineup of hardware, software and solutions for 5G network infrastructure
- April 2020, Ericsson and Erillisverkot Group signed a partnership agreement for provide public-safety communication network for delivering 5G core network hardware solutions.
The major players in the market are AT&T, Intel, Ericsson, Samsung, Cavium, Qualcomm, Cisco Systems, LG Electronics, Macom Technology Solutions, Mediatek, and NEC.
