5G Infrastructure Market Outlook, Size, Growth, Leading Companies and Future Trends Till 2028

The latest report published by IMARC Group, titled "5G Infrastructure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

How Big is the 5G Infrastructure Market?

The global 5G infrastructure market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.1 Billion by 2028, exhibiting a growth rate (CAGR) of 45.9% during 2023-2028.

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5G Infrastructure Market Trends:

The exponential growth in data usage for various applications, including streaming services and IoT, represents one of the key factors driving the growth of the market across the globe. This necessitates more robust and faster networks which makes 5G an imperative, thus fueling the market growth. Developments in machine learning, artificial intelligence, and edge computing require the low latency and high reliability that 5G networks can offer, which is driving the market. The Internet of Things (IoT) relies heavily on real-time data transfer. The enhanced connectivity features of 5G make it well-suited for IoT applications, which is further propelling the market growth.

Industries are moving toward automation and smart manufacturing processes, which require seamless connectivity and real-time data analytics features enabled by 5G infrastructure, thus contributing to the growth of the market. Users increasingly expect high-quality experiences, whether it's video streaming or gaming. The higher speeds and lower latency of 5G address these consumer demands effectively. Many governments are actively supporting the rollout of 5G networks as part of broader economic and technological strategies, which is facilitating infrastructure development.

Key Market Segmentation:

The report has segmented the global 5G infrastructure market based on communication infrastructure, network technology, network architecture, frequency, end user and region.

Breakup by Communication Infrastructure:

• Small Cell
• Macro Cell
• Radio Access Network (RAN)
• Others

Breakup by Network Technology:

• Software-Defined Networking
• Network Function Virtualization
• Others

Breakup by Network Architecture:

• Standalone
• Non-Standalone

Breakup by Frequency:

• Sub-6 Ghz
• Above 6 Ghz

Breakup by End User:

• Automotive
• Energy and Utilities
• Healthcare
• Home User
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Competitive Landscape With Key Players:

The competitive landscape of the 5G infrastructure market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Airspan Networks Inc.
• AT&T Inc.
• Cisco Systems Inc.
• Comba Telecom Systems Holdings Limited
• Hewlett Packard Enterprise Company
• Huawei Technologies Co. Ltd.
• Mavenir Systems Inc. (Comverse Technology)
• NEC Corporation
• Nokia Oyj
• Oracle Corporation
• Telefonaktiebolaget L M Ericsson
• ZTE Corporation

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.