Press release
5G Infrastructure Market Share and SWOT Analysis By Key Players: Intel Corporation, ZTE Corporation, NEC Corporation
5G Infrastructure Market
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The 5G infrastructure market size is expected to reach US$ 48,663.52 Million by 2028; registering at a CAGR 64.8% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
The List of Top Companies:
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
Governments of various countries are working on multiple initiatives to expand their 5G infrastructure. For instance, in August 2022, Johnny G. Plate, the Minister of Communication and Information Technology of Indonesia, launched 5G telecommunication services as part of the G20 Indonesia Presidency series. The government expects the introduction of 5G telecommunications services to help during post-COVID-19 recovery by providing high connectivity, digital literacy and digital skills, and cross-border data flows. Such initiatives will boost the 5G infrastructure market growth over the forecast period.
MARKET SEGMENTATION:
The global 5G infrastructure market is segmented on the basis of satellite type, application, and vertical. Based on satellite type, the market is segmented into communication infrastructure, application, and operational frequency. Based on communication infrastructure, the market is bifurcated into small cell and macro cell. Based on application, the market is segmented into automotive, energy and utilities, healthcare, intelligent buildings and infrastructures, industrial and home automation, consumer electronics, public safety and surveillance, and others. Based on operational frequency, the market is bifurcated into sub 6 GHz and above 6 GHz.
Moreover, emerging technologies such as the internet of things (IoT), artificial intelligence, virtual and augmented reality, and connected cars require fast and efficient communication infrastructure, which supports the growth of the 5G infrastructure market. IoT with 5G is changing a smart city's management infrastructure. For instance, smart car navigation systems can help guide drivers to avoid roads having traffic jams and provide information regarding the availability of parking spots in the area. Smart grids will balance the electricity load of the cities, thus reducing electricity peaks. In addition, the 5G network will allow users to remotely connect and control home devices, such as air conditioners, lighting, refrigerators, and heaters, with their smartphones. The network will enable new possibilities in the healthcare sector, including imaging, data analytics, diagnostics, and treatment. This is expected to provide lucrative opportunities for the 5G infrastructure market during the forecast period.
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Contact Us:
The Insight Partners
Email: 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, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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