PUNE, India, September 20, 2023 (Globe Newswire) — The global 5G infrastructure market size was valued at USD 20.19 billion in 2022 and is projected to reach USD 348.76 billion by 2030. , showing a CAGR of 45.2% during the forecast period. . Fortune Business Insights™ presents this information in a research report titled 5G Infrastructure Market Forecast, 2023-2030.
The concept of 5G technology has rapidly accelerated in recent years due to the strong demand for low-latency and high-efficiency network infrastructure. 5G infrastructure primarily consists of radio access network (RAN), core, and transport technologies that provide low latency, high throughput, high connection density, and high mobility. The implementation of this infrastructure is expected to create several attractive growth opportunities for enterprises, carriers and stakeholders. This factor will drive the growth of the 5G infrastructure market.
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Development of major industries:
February 2023 – Fujitsu has introduced a new 5G vRAN solution that combines its virtualized DU (vDU) and virtualized CU (vCU) with NVIDIA’s GPU technology. Fujitsu plans to provide these solutions to carriers from March 2023.
Important points
- Restrictions related to the COVID-19 pandemic delayed the rollout of 5G infrastructure.
- Network slicing paves the way for 5G network deployment
- By spectrum band analysis: Increasing demand for enhanced coverage may increase the need for mid-band spectrum
- North American 5G infrastructure market size will be $103.56 billion in 2022
- Network slicing paves the way for 5G network deployment
Discover the key players profiled in the report:
“The leading companies in the 5G infrastructure market are Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Nokia (Finland), ZTE Corporation (China), Samsung Electronics Co., Ltd. (South Korea), NEC Corporation (Japan), Mavenir (USA), Fujitsu (Japan), Qualcomm Technologies, Inc. (USA), Rohde & Schwarz (Germany).
Report scope and segmentation
| Report scope | detail |
| Forecast period | From 2023 to 2030 |
| CAGR for forecast period 2023 to 2030 | 45.2% |
| 2030 value prediction | 348.76 billion USD |
| base year | 2022 |
| 5G infrastructure market size in 2022 | $20.19 billion |
| past data | 2019 to 2021 |
| number of pages | 120 |
| Target segment | Telecommunications infrastructure, spectrum bands, network architecture, end users and geography |
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Driver and restraints:
Adoption of IoT connected devices increases to drive market growth
Internet of Things (IoT) technology is expected to connect nearly 50 billion devices by 2020, according to a report from the Alliance for the Internet of Things Innovation (AIOTI). Moreover, this technology has several applications in various fields such as smart home. , Manufacturing, Healthcare, Logistics, Automotive. The Internet of Things (IoT) requires efficient communication infrastructure and reliable connectivity with low latency, which is expected to further increase market share.
However, rising concerns over cybersecurity may hinder market growth.
segmentation:
By communication infrastructure
- RAN (Radio Access Network)
- transportation technology
- core technology
By spectral band
- Low band (<1 GHz)
- Mid-band (1-6GHz)
- High band (24-40GHz)
By network architecture
By end user
- Residential
- commercial
- industrial
- government
By region
- North America
- Europe
- Asia Pacific
- middle east and africa
- south america
Regional insights:
Asia-Pacific market is growing rapidly due to the presence of major 5G service providers
Asia Pacific is expected to dominate the global market as it is home to a number of reputed 5G and communication service providers. In fact, China dominated the regional market, capturing more than half of the total market share in 2020.
Europe is expected to register a significant CAGR during the forecast period as local governments have introduced several supportive policies to facilitate the deployment of 5G networks.
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Competitive environment:
Key market players focus on delivering innovative 5G network solutions
Some of the prominent players operating in the market include Qualcomm Technologies, Telefonaktiebolaget LM Ericsson, Nokia Network, Huawei Technologies Co., Ltd., ZTE Corporation, and Dell EMC. These companies are collaborating with other leading companies to build and launch advanced 5G infrastructure solutions to expand their market presence.
FAQ
How big is the 5G infrastructure market?
The 5G infrastructure market size will be $20.19 billion in 2022.
How fast is the 5G infrastructure market growing?
The 5G infrastructure market is expected to exhibit a CAGR of 45.2% during the forecast period 2023-2030.
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