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64.8% CAGR by 5G Infrastructure Market to Reach USD 48,663.52 Million by 2028 - The Insight Partners
The Insight Partners
5G Infrastructure Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Communication Infrastructure (Small Cell and Macro Cell), Operational Frequency (Sub 6 GHz and Above 6 GHz), Core Network Technology [Software-Defined Networking (SDN) and Network Function Virtualization (NFV)], Network Architecture [5G NR Non-Standalone (LTE Combined), 5G Standalone (NR + Core)], End User (Residential, Commercial, Government, and Industrial), and Geography
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Top Mentioned Players in 5G Infrastructure Market are -
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- MediaTek Inc.
- NEC Corporation
- Affirmed Networks Inc.
- VMware, Inc.
- Samsung Corporation
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
Impact of COVID-19 Pandemic on 5G Infrastructure Market
The COVID-19 pandemic has negatively impacted the growth of the 5G infrastructure market. It has delayed the implementation of the 16th version of 5G infrastructure due to reduced investment. Hence, the release of the 17th version of 5G infrastructure will also be postponed, according to the report by Qualcomm. In addition, lockdown and economic uncertainties regarding customers' desire to upgrade to 5G have also hampered the 5G infrastructure market growth. However, according to MNOs, the 5G industry is expected to experience full recovery in the post-pandemic recovery period. The emerging use cases for 5G, such as supporting the increasing number of individuals following the work from home and school from home models, are expected to boost the investment in 5G.
The rising demand for high-speed and broad network coverage for mobile data services is boosting the 5G infrastructure market growth. In addition, the rising need for machine-to-machine communications for industrial applications and software implementation in communication networks contributes to the market growth. However, the delay in spectrum allocation is hampering the growth of the 5G infrastructure market.
REGIONAL FRAMEWORK
The 5G infrastructure market is segmented into five major regions North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
Asia Pacific dominates the 5G infrastructure market as the region consists of various 5G connection and service providers. Further, China is dominating the Asia Pacific 5G infrastructure market. According to the GSM Association, the country is aiming to invest US$ 184 billion by 2025. Also, governments of various countries, such as Japan and South Korea, are investing in 5G for high-speed data connectivity. In addition, the presence of a large number of players in the region will boost the growth of the Asia Pacific market during the forecast period.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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