Press release
5G Infrastructure Market Projected to Reach $150.9 Billion by 2030
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Key Market Drivers and Opportunities:
The evolution of smart city projects worldwide and the swift adoption of Industry 4.0 technologies present substantial growth opportunities for the 5G infrastructure market. The deployment of 5G networks is essential to support the burgeoning IoT ecosystem, which is rapidly being integrated into industries such as manufacturing, healthcare, and transportation. Additionally, the growing demand for high-speed, reliable communications and the increasing reliance on cloud computing among small and medium-sized enterprises (SMEs) are significant trends shaping the market.
However, the market faces challenges related to the high physical infrastructure dependency and installation costs, which could potentially restrain growth. Furthermore, delays in the rollout of 5G connectivity in developing countries may pose additional hurdles.
Market Segmentation and Regional Insights:
To facilitate a comprehensive analysis, Meticulous Research® has segmented the 5G Infrastructure Market by component, network architecture, spectrum, and geography:
Component: In 2024, the hardware segment is anticipated to dominate the market, driven by the rapid deployment of 5G Radio Access Networks (RAN) with small cell base stations, coupled with increasing demand from communication service providers.
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Network Architecture: The 5G NR Non-standalone (NSA) segment is expected to hold the largest market share in 2024. This segment's growth is propelled by the rising need for enhanced data transfer speeds, reliable communications, and efficient service delivery at lower costs using existing network architectures.
Spectrum: The 2 GHz to 6 GHz spectrum band is projected to account for the largest market share in 2024, attributed to the expanding efforts by service providers to offer mid-band spectrum solutions and the growing demand for high-speed internet services.
Geography: The Asia-Pacific region is poised to lead the 5G infrastructure market in 2024. The region's dominance is supported by the presence of key industry players and rapid economic expansion in major markets such as China, Japan, India, and South Korea. Furthermore, increased collaborations between businesses and governments to accelerate 5G deployment are significantly contributing to the market's growth in this region.
Industry Leaders:
Prominent players driving the 5G Infrastructure Market forward include Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T‑Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), and CommScope Inc. (U.S.), among others. These companies are at the forefront of technological innovation, ensuring the advancement of 5G infrastructure globally.
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Related Reports:
Infrastructure-as-a-Service Market: https://www.meticulousresearch.com/product/infrastructure-as-a-service-market-5448
5G Testing Market: https://www.meticulousresearch.com/product/5g-testing-market-5482
5G IoT Market: https://www.meticulousresearch.com/product/5g-iot-market-5436
5G Technology Market: https://www.meticulousresearch.com/product/5g-technology-market-5327
3D Printing Construction Market: https://www.meticulousresearch.com/product/3d-printing-construction-market-5450
Mr. Khushal Bombe
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