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The Complete PDF Guide To 5G Network and Tower Deployment Market
5G Network and Tower Deployment Market
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The surging adoption of automation and the increasing need for efficient and real-time communication systems across various industries such as retail, manufacturing, healthcare, education, and utilities are further contributing to the rise in the adoption of 5G network services across the region. For instance, in September 2020, Virginia Roadways deployed C-V2X Communication Technology by Qualcomm Technologies, Inc. to enhance roadside and vehicle safety across the state. Similarly, in April 2020, AT&T sped up its 5G cell tower deployment to support medical facilities with enhanced connectivity. These factors are further contributing to the 5G network and tower deployment market growth.
The key players holding the major market share of the 5G network and deployment market are American Tower Corporation, Crown Castle, SBA Communications, Qualcomm Inc., and Verizon Communications Inc.
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.
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.
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.
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.
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