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5G Infrastructure Equipment Market Outlook 2024: Exclusive Report By The Business Research Company | AT&T Inc., Verizon Communications Inc., Corning Incorporated, Fujikura Ltd
The Business Research Company offers in-depth market insights through 5G Infrastructure Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 5g infrastructure equipment market size has grown exponentially in recent years. It will grow from $18.44 billion in 2023 to $31.71 billion in 2024 at a compound annual growth rate (CAGR) of 72.0%. The growth in the historic period can be attributed to mobile data surge, internet evolution, proliferation of smart devices, business and industry demands, telecom industry growth.
The 5g infrastructure equipment market size is expected to see exponential growth in the next few years. It will grow to $152.15 billion in 2028 at a compound annual growth rate (CAGR) of 48.0%. The growth in the forecast period can be attributed to enhanced data speed and capacity, iot integration, network upgrades and expansion, security and privacy focus, edge computing integration. Major trends in the forecast period include network slicing, open ran (radio access network), densification and small cells, massive mimo (multiple input multiple output) technology, ai and automation integration.
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Market Segmentation:
The main communication infrastructure type of infrastructure equipment are small cell, macro cell, radio access network (RAN) and distributed antenna system (DAS). A radio access network (RAN) is a component of a mobile network that connects end-user devices to the cloud, such as smartphones. This is accomplished by transmitting data via radio waves from end-user devices to RAN transceivers, and then from the transceivers to the core network, which connects to the global internet. The various network technologies used are software defined networking (SDN) and network function virtualization (VNFV), mobile edge computing (MEC), and fog computing (FC) for energy and utilities, automotive, healthcare, retail, and other applications.
Major Driver - 5G Revolutionizes Smart Cities, Fueling Growth In The 5G Infrastructure Market
The adoption of 5G for smart city networks is the primary factor contributing to the growth of the global 5G infrastructure market. The enhanced features of 5G networks such as high speed, reduced or zero latency, wider bandwidth, uniform platform, larger number of connected devices, and extended battery life are powering the smart cities, thereby causing an urban revolution. Zero latency, for instance, enables the sensors and devices that power the city's transportation and traffic system to automatically redirect traffic and also alert self-driving vehicle systems about the situations on the road. The advanced 5G capabilities such as enhanced security (instantaneous transfer of videos from the security cameras), instant response to emergency situations, and personalized healthcare are expected to bring increased digital inclusion to urban residents. From automated grocery purchase and delivery to complex management of a building's infrastructure, 5G will enable people to adopt new standards of living. Due to all these enhanced features, the demand for 5G network is growing, and therefore, adoption of 5G for smart city networks is driving the 5G infrastructure equipment market.
Competitive Landscape:
Major companies operating in the 5g infrastructure equipment market include AT&T Inc., Verizon Communications Inc., Corning Incorporated, Fujikura Ltd., Hewlett Packard Enterprise Company, Belden Inc., Intel Corporation, Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Cisco Systems Inc., NEC Corporation, Nokia Corporation, Mavenir Systems Inc., Oracle Corporation, Gogo Business Aviation LLC, Microsoft Corporation, Boingo Wireless Inc., RingCentral Inc., Cognizant Softvision LLC, Celonis SE, Zipwhip Inc., Biarri Networks Pty Ltd, NTT DOCOMO INC., ZTE Corporation, CommScope Holding Company Inc., A1 Telekom Austria Group, Airspan Networks Inc., Comba Telecom Systems Holdings Ltd., Dell Technologies Inc., Zayo Group Holdings Inc.
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Top Trend - 5G Telecommunication Service Providers Poised To Prosper With IOT Innovation
The Internet of Things (IoT) that has been transforming businesses and peoples' lives is continuing to ignite new innovations. IoT represents one of the key growth opportunities for 5G telecommunication service providers. A number of factors, including increased demand from consumers and enterprises, and the availability of more affordable devices, are driving the adoption the Internet of Things (IoT) which in turn is expected to drive 5G infrastructures. 5G will be driven largely by IoT applications including remote healthcare, traffic safety and control, smart grid automation, industrial application and control, and remote manufacturing, training, surgery and education. Growth in IoT technology will drive significant operator investment in 5G technology, spectrum and infrastructure.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 5G Infrastructure Equipment Market Characteristics
3. 5G Infrastructure Equipment Market Trends And Strategies
4. 5G Infrastructure Equipment Market - Macro Economic Scenario
5. 5G Infrastructure Equipment Market Size And Growth
…..
27. 5G Infrastructure Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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