5G Infrastructure Market to Reach USD 161.61 Billion by 2034, Growing at a 29.5% CAGR

The global 5G infrastructure market size was valued at USD 12.25 billion in 2024. The market is anticipated to generate an estimated revenue of USD 161.61 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust compound annual growth rate (CAGR) of 29.5% over the forecasted timeframe of 2025-2034.

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Market Introduction:
5G infrastructure comprises standalone 5G networks, which possess their own cloud-based indigenous network core that connects to 5G new radio (NR) technology and non-standalone infrastructures (NSA) infrastructures, which still relatively depend on prevailing 4G LTE infrastructure. Unless network conveyors are capable of structuring out the unconventional infrastructure required for 5G, the NSA approach utilizes a merger of 5G Radio Access Network (RAN), 5G NR interface, and the existing LTE infrastructure and core network to offer 5G resembling experience. In contrast, standalone 5G positioning comprises user devices, the RAN and NR interface, and a 5G core network that relies on a service-dependent architecture substructure with fundamental network operations.

Competitive Landscape:
Major players are partnering with other participants to increase their global existence. The firms are providing advanced solutions and hardware that will assist in the market growth. Some of the current players in the market are:
• Airspan Networks Holdings Inc.
• Altiostar
• Ceragon Networks Ltd.
• Cisco Systems, Inc.
• Ericsson
• Huawei Technologies Co., Ltd.
• Mavenir
• Nokia Networks
• Samsung Electronics Co., Ltd.
• ZTE Corporation

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5G Infrastructure Market Developments
• January 2025: Vodafone Idea announced its 5G rollout for March 2025, targeting 75 cities. The launch includes affordable plans, AI-driven networks, and ₹30,000 crore in infrastructure upgrades.

• February 2023: Cisco and NTT Ltd. partnered to drive the adoption of Private 5G across key industries, including public services, automotive, retail, healthcare, and logistics. Their collaboration focuses on co-innovation, integrating advanced technology and managed services to accelerate 5G deployment.

• February 2023: NEC Corporation and ADVA joined forces to develop time synchronization solutions for Telkom Indonesia. This partnership aims to enhance the transport network for efficient nationwide delivery of time-sensitive 5G services, particularly for ultra-low latency applications and new monetization opportunities.

• April 2022: Ericsson and Valmont Industries, Inc. completed the acquisition of ConcealFab, a 5G and small cell infrastructure provider. This strategic acquisition is designed to fast-track the expansion of 5G infrastructure in the United States.

Market Drivers:
Growing Government Incentives: Governments globally are diligently promoting the expansion of 5G networks through policy support, spectrum allotment, and financial incentives to encourage adoption. These efforts align with national policies targeted at enhancing digital infrastructure which is driving the 5G infrastructure market demand. For instance, as per the Indian Ministry of Communication, the Government of India has allocated USD 11.63 million to focus on 5G applications covering several sectors.

Growing Interconnected Devices: The growing number of linked gadgets is driving the market growth. The Internet of Things (IoT) encompasses everything from smart home devices to industrial machines, and its device count is rapidly increasing, due to which the demand for 5G infrastructure is rising. For instance, as per IoT analytics, by the end of 2023, the number of linked Internet of Things gadgets approached roughly 16.6 billion, mirroring notable progression in device networks.

Regional Perspective:
North America dominated the 5G infrastructure market in 2024, owing to notable funding from telcos, technology providers, and governments. The US and Canada are leading the charge in 5G arrangements with prominent telecom firms such as Verizon, AT&T, and T-Mobile deploying networks across urban and rural regions.
Asia Pacific is a key driver for market growth due to continuing endeavors towards digitalization covering the region.

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Segmental Outlook:
By Communication Infrastructure Outlook (Revenue USD Billion, 2020-2034)
• Small Cell
• Macro Cell

By Core Network Technology Outlook (Revenue USD Billion, 2020-2034)
• Software Defined Networking
• Network Function Virtualization

By End Use Outlook (Revenue USD Billion, 2020-2034)
• Commercial
• Residential
• Government
• Industrial

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