5G Infrastructure Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends

Rapid deployment of internet of things (IoT)-enabled applications, owing to the soaring popularity of artificial intelligence (AI), augmented reality and virtual reality (AR and VR), and remote-controlled systems, is driving the demand for improved 5G infrastructure, as it is required to facilitate faster data transmission. In an IoT device, data is shared between several parts of a machine over a wireless network. The data is procured from a source of input and then used to send the output to the destination. This process is enhanced by the 5G network as it helps in data transfer with low latency, thereby, enhancing the reliability of IoT devices.

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Additionally, the surging use of 5G-based devices will fuel the 5G infrastructure market growth during 2021–2030. According to P&S Intelligence, the market generated a revenue of $1.5 billion in 2020. The rising penetration of 5G-enabled smartphones and other devices is creating a huge requirement for 5G subscriptions. Due to the burgeoning sales of 5G subscriptions, many organizations, such as ZTE Corporation, are heavily investing in the development of 5G networks.

In recent years, the increasing penetration of 5G-enabled devices and rising advancements in the field of telecommunications have resulted in the large-scale adoption of 5G standalone (NR+Core) network architecture. Besides, the widening subscriber base of the 5G network will also boost the adoption of this architecture in the forthcoming years. Deployment of this network architecture offers network scaling to facilitate the changing network demands. Additionally, the growing use of AI, IoT, and 5G devices will also amplify the need for 5G NR non-standalone LTE combined network architecture in the foreseeable future.

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Geographically, North America dominated the 5G infrastructure market in the preceding years, due to the hefty investments made in the development of 5G network technology by the governments of the U.S. and Canada. For instance, in October 2020, the Federal Communications Commission of the U.S. created funds for deploying advanced 5G wireless services in the rural areas of the country. Moreover, the surging adoption of advanced technologies, such as AI, IoT, autonomous driving solutions, and wearable technologies, will augment the need for an improved 5G infrastructure in North America in the upcoming years.

Thus, the burgeoning demand for 5G-enabled devices and the soaring popularity of IoT, AI, AR and VR technologies will fuel the need for 5G infrastructure in the foreseeable future.

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