5G Infrastructure Market is expected to reach US$ 48,663.52 Million by 2028


PRESS RELEASE BY The Insight Partners 15 Nov 2022

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The 5G infrastructure market size is expected to reach US$ 48,663.52 Million by 2028; registering at a CAGR 64.8% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

 

Development of Telecom Infrastructure Catalyzes 5G Infrastructure Market Growth

 

5G Infrastructure Market


5G Infrastructure Market Size Report, Share, Growth & Forecast-2030

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Global Archive - 5G Infrastructure Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Communication Infrastructure (Small Cell, Macro Cell), Core Network Technology (Software-Defined Networking (SDN), Network Function Virtualization (NFV)), Operational Frequency (Sub 6 GHz, Above 6 GHz), Network Architecture (Standalone, Non-standalone), and End User (Residential, Commercial, Government, and Industrial)

Source: The Insight Partners Analysis

 

5G is the fifth-generation technology standard for broadband in the telecommunications industry. According to the GSMA (Groupe Speciale Mobile Association), by 2025, the 5G network is expected to have more than 1.1 billion subscribers worldwide. 5G infrastructure consists of Radio Access Network (RAN) and a backhaul and transport network. The backhaul and transport network of 5G infrastructure includes fiber optics or microwave antennas. Also, the trend of deploying virtual and centralized RAN is increasing rapidly among network service providers, as it reduces the overall infrastructure costs and network complexities.

 

Governments of various countries are working on multiple initiatives to expand their 5G infrastructure. For instance, in August 2022, Johnny G. Plate, the Minister of Communication and Information Technology of Indonesia, launched 5G telecommunication services as part of the G20 Indonesia Presidency series. The government expects the introduction of 5G telecommunications services to help during post-COVID-19 recovery by providing high connectivity, digital literacy and digital skills, and cross-border data flows. Such initiatives will boost the 5G infrastructure market growth over the forecast period. 

 

Furthermore, the growing adoption of 5G is another major factor catalyzing the 5G infrastructure market. For instance, according to the GSMA Mobile Economy Europe 2022 report, the average adoption of 5G across Europe will reach 44% by 2025. The UK and Germany are expected to have the highest 5G adoption rates at 61% and 59%, respectively. In addition, in the same period, the 5G adoption in South Korea is expected to reach 73%, while Japan and the US are expected to achieve similar adoption rate which is close to 68%.

 

Moreover, emerging technologies such as the internet of things (IoT), artificial intelligence, virtual and augmented reality, and connected cars require fast and efficient communication infrastructure, which supports the growth of the 5G infrastructure market. IoT with 5G is changing a smart city's management infrastructure. For instance, smart car navigation systems can help guide drivers to avoid roads having traffic jams and provide information regarding the availability of parking spots in the area. Smart grids will balance the electricity load of the cities, thus reducing electricity peaks. In addition, the 5G network will allow users to remotely connect and control home devices, such as air conditioners, lighting, refrigerators, and heaters, with their smartphones. The network will enable new possibilities in the healthcare sector, including imaging, data analytics, diagnostics, and treatment. This is expected to provide lucrative opportunities for the 5G infrastructure market during the forecast period.

 

Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; Intel Corporation; MediaTek Inc.; NEC Corporation; Affirmed Networks Inc.; VMware, Inc.; Samsung Corporation; Telefonaktiebolaget LM Ericsson; and ZTE Corporation are a few of the key 5G infrastructure market players profiled in the study. Several other major companies were also studied and analyzed in this research study to get a holistic view of the market and its ecosystem.

 

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