5G Network and Tower Deployment Market Size, Global Trends, Latest Techniques, Key Segments and Geography Forecasts Till 2028

According to the new research report published by The Insight Partners on "5G Network and Tower Deployment Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Small Cell, 5G Mobile Core Network, and Radio Access Network), Location (Ground Tower and Rooftop Tower), Frequency Band (Low Band, Medium Band, and High Band), and Small Cell Tower (Femto Cells, Pico Cells, and Micro Cells)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The 5G network and tower deployment market is expected to grow from US$ 9211.96 million in 2022 to US$ 17,785.55 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2022 to 2028.

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The adoption of automation is at the forefront across countries in North America. The automation capabilities across the region are rapidly expanding to address various concerns such as operational efficiency, reduced human risk, and minimized production time. The major industries in North America, including retail, oil & gas, utilities, agriculture, manufacturing, healthcare, and education, are integrating automation into their business processes. With the rise in the adoption of automation across these industries, the integration and demand for 5G technologies have also increased. The figure given below represents the 5G contribution by industries by 2030, according to the mobile economy report 2022, published by GSMA.

In the last couple of years, North America has experienced a rise in the adoption of advanced network technologies for residential, commercial, and industrial applications. This rise in demand for such technologies has influenced the growing service offerings by network service providers across the region. Major 5G network providers in North America include Disk, C Spire, UScellular, T-Mobile, AT&T, and Verizon.

1. T-Mobile launched its 5G network services across North America on December 2, 2019. The Metro by T-Mobile prepaid service started offering access to their network on December 6, 2019.
2. UScellular started offering its 5G network services on March 6, 2020. The services are offered across various states of the US, such as Wisconsin, Maine, California, Oregon, Iowa, Oklahoma, North Carolina, and Washington.

Thus, the rising offering of 5G services by numerous network service providers is driving the 5G network and tower deployment market size in North America.

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Increase in Network Subscribers and Adoption of Smartphones

Countries worldwide are experiencing a rise in demand for mobile subscribers and the adoption of smartphones for various applications such as mobile gaming, home broadband, video calling, high-definition movies & TV, mobile health services, augmented shopping experience, and global positioning system (GPS) services. The rising use of mobile phones for the services mentioned above is increasing the adoption of mobile subscribers and smartphones worldwide. For instance, according to GSMA, North America recorded 84% subscriber penetration in 2021 and 82% smartphone adoption in the same year. According to the Mobile Economy report published by GSMA in 2022, the above-mentioned services offer a better customer experience with 5G network technology. Thus, the increase in network subscribers and smartphones for both residential and commercial purposes and the rise in the adoption of 5G technology for enhanced services are driving the 5G network and tower deployment market size.

The List of Companies - 5G Network and Tower Deployments Market

American Tower Corporation, Crown Castle International Corp, CTI Towers Inc., Dish Network L.L.C., SBA Communications Corporation, CommScope Inc., Mavenir, Verizon Communications Inc, AT&T Inc., and Qualcomm Technologies Inc. are among the key 5G network and tower deployment market players.

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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 Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

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