Surging Demand for High Speed Internet boosts the Global 5G Infrastructure Market Growth

According to a new market research report published by Inkwood Research, the Global 5G Infrastructure Market is projected to record a CAGR of 63.55% during the forecasting years of 2020-2025.

"Browse 16 Market Data Tables and 40 Figures spread over 173 Pages, along with an in-depth TOC on the Global 5G Infrastructure Market Forecast 2020-2025."

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5G is an advanced cellular technology that will provide fast and authentic communication at shallow latency levels. 5G covers the entire network of software, hardware, and services that are crucial for the application of 5G networks. 5G technology is expected to redefine entertainment, communication, and internet connectivity. 5G technology can operate within the high-frequency spectrum that facilitates faster data delivery. The companies operating in the market have adopted strategies such as partnership, collaboration, R&D, acquisition, and product launch to increase their market share and expand their geographical presence.

Rising Demand for High Speed Internet boosts Market Growth
The growing number of smartphones, computers, laptops, and other connected devices results in an immense need for developing advance network solutions. Due to the amalgamation of industry 4.0 and IoT, most of the devices, machinery, equipment, autonomous vehicle, among others, are connected to each other and require network solutions with high speed and large network coverage areas. Besides, due to the impending need for high-speed networks with large coverage areas, telecom giants are developing advance network solutions for consumers. Presently, the telecom industry is at the top of technological advancement, which, in turn, is expected to further develop the concept of a 5G network solution.

Network partners, telecom service providers, chipset manufacturers, as well as numerous research institutes and innovation centers, are investing considerable amounts in R&D to develop 5G network solutions.

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Consumer Electronics Holds the Largest Market Share in the Industrial Vertical Segment
The introduction of 5G networks is anticipated to signify high speed and reduced latency in the future. The growing population is expected to significantly support the overall demand for a 5G rollout. Since most people are used to smartphones and tablets, the use of virtual and augmented reality devices such as headsets is expected to enhance user experience. The future rollout of 5G would imply a higher number of smartphones and tablets since a large number of users are expected to experience services offered by 5G networks. Most of the top smartphone manufacturing companies such as Apple, Samsung, and Huawei, among others, are currently working on producing smartphones that will be compatible with 5G networks.

Asia Pacific Projected to Register the Highest CAGR
The Asia Pacific is estimated to be the fastest-growing region in the global 5G infrastructure market, owing to significant initiatives by the government in major economies towards deployment of the 5G spectrum. For example, the central government of China is trying to position a 5G network in China to increase earnings from the domestic market and develop industrial systems. Moreover, the government of South Korea is also supporting the telecommunications providers in the development of 5G. The demand for digital applications is increasing due to the vast presence of the younger population in the Asia Pacific region, including media, social gaming, and online video consumption.

There are a number of companies operating in the market, such as AT&T, Cisco Systems Inc, Nokia, Orange, Vodafone Group PLC, etc. among others. However, the 5G infrastructure market is dominated by few well-established players, and the competition is moderate, since it is the initial stage of development.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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