Meticulous Research® has released its latest industry analysis, predicting that the global 5G infrastructure market will reach a staggering $150.9 billion by 2030, registering a robust compound annual growth rate (CAGR) of 34.8% during the forecast period. The rapid expansion of the market is driven by increasing demand for machine-to-machine (M2M) connectivity across industrial sectors, growing government investments in 5G networks, and diverse applications of 5G technology in the Internet of Things (IoT) and other connectivity solutions.
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Key market drivers and opportunities:
The development of smart city projects across the globe and rapid adoption of Industry 4.0 technologies are creating significant growth opportunities for the 5G infrastructure market. The rollout of 5G networks is essential to support the burgeoning IoT ecosystem that is rapidly integrating into industries such as manufacturing, healthcare, and transportation. Additionally, growing demand for faster and more reliable communications and increasing reliance on cloud computing among small and medium-sized enterprises (SMEs) are key trends shaping the market.
However, the market faces challenges associated with high dependency on physical infrastructure and installation costs, which may restrain its growth. Moreover, slow rollout of 5G connectivity in developing countries may pose an additional obstacle.
Market Segmentation and Regional Analysis:
To facilitate a comprehensive analysis, Meticulous Research® has segmented the 5G infrastructure market by component, network architecture, spectrum, and region.
Components: In 2024, the hardware segment is expected to dominate the market, owing to the rapid adoption of 5G radio access networks (RAN) with small cell base stations and increasing demand from communication service providers.
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Network Architecture: The 5G NR non-standalone (NSA) segment is expected to account for the largest market share in 2024. The growth of this segment is driven by the increasing need for higher data rates, reliable communication, and efficient service delivery at low cost using the existing network architecture.
Spectrum: The 2 GHz to 6 GHz spectrum band is projected to account for the largest market share in 2024, owing to growing efforts by service providers to offer mid-band spectrum solutions and rising demand for high-speed internet services.
Geography: Asia Pacific 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 key markets such as China, Japan, India, and South Korea. Moreover, increasing collaboration between businesses and governments to accelerate the adoption of 5G is contributing significantly to the market growth in this region.
Industry Leaders:
Key players driving the 5G infrastructure market include Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (USA), Huawei Technologies Co., Ltd. (China), AT&T Inc. (USA), Samsung Electronics Co., Ltd. (South Korea), T-Mobile US, Inc. (USA), Ciena Corporation (USA), ZTE Corporation (China), Nokia Corporation (Finland) and CommScope Inc. (USA). These companies are at the forefront of technological innovation and are ensuring the development of 5G infrastructure globally.
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Mr. Kushal Bombe
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