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5G Infrastructure Equipment Market 2020 - Global Market Size, Share, Trends And Top Companies Analysis
5G Infrastructure Equipment Market
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The global 5G infrastructure equipment market reached a value of nearly $2,211.4 million in 2019. The market is then expected to grow at a CAGR of 69.93% from 2019 ad reach $18,437.5 million in 2023.
The key drivers of the 5G infrastructure equipment market include:-
The rising digital economy is expected to be a major driver for the 5G infrastructure equipment market. There is an increase in broadband and internet penetration, consumption of premium content digitally, exponential growth in data absorption, government’s focus on digitalization in developing and developed nations, and an increasing trend of technology adoption across industries. The evolution in the digital economy will require significant performance of the network and will pave way for establishing 5G technology. As a result, companies in the telecom industry are expanding their wired and wireless networks and are venturing into 5G technology. For instance, AT&T is making instant connectivity and higher speeds possible for its customers to consume premium content by expanding their fiber network and enhancing wireless network through 5G deployment.
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5G Infrastructure Equipment Market Segmentation:-
By Communication Infrastructure - The 5G infrastructure equipment market is segmented by communication infrastructure into
a. Small Cell
b. Macro Cell
c. Radio Access Network (RAN)
d. Distributed Antenna System (DAS)
The macro cell market was the largest segment of the 5G infrastructure equipment market segmented by type of communication infrastructure, accounting for 70.5% of the total in 2019. Going forward, distributed antenna system (DAS) is expected to be the fastest growing segment in the 5G infrastructure equipment market, at a CAGR of 75.7% during 2019-2023.
By Type of Network Technology- The 5G infrastructure equipment market is segmented by type of network technology into
a. Software Defined Networking (SDN)
b. Network Function Virtualization (NFV)
c. Mobile Edge Computing (MEC)
d. Fog Computing (FC)
The network function virtualization (NFV) was the largest segment of the 5G infrastructure equipment market segmented by type of network technology, accounting for 52.2% of the total in 2019. Going forward, the fog computing is expected to be the fastest growing segment in the 5G infrastructure equipment market, at a CAGR of 94.9% during 2019-2023.
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By Geography - The 5G infrastructure equipment market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
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Some of the major key players involved in the 5G infrastructure equipment market are
• Huawei Investment & Holding Co., Ltd.
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• Samsung Electronics Co., Ltd.
• Fujitsu Limited
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