5G Infrastructure Market
The Global 5G Infrastructure Market size was valued at USD 982.3 million in 2019 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 66.0% from 2020-2030.
5G is a major breakthrough in the telecommunication industry and is expected to revolutionize almost all other sectors as we know them. Demand for mobile data traffic is expected to increase multifold in the coming years. The legacy 4G networks are not able to keep pace with this demand, especially in dense urban areas. 5G wireless technology is designed to deliver higher speeds, greater bandwidth, ultra-low latency, more reliability, massive network capacity and a standard user experience to increased user base. Higher performance and improved efficiency would help to connect virtually everyone and everything together including machines, objects, and devices.
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Top Companies: Intel Corporation, Mediatek Inc., Nokia Corporation, Qualcomm Technologies, Inc., AT&T, Ericsson, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise (HPE), Samsung Electronics Co. Ltd. and others.
The world is getting connected more than ever before. Increasing adoption of smart phone, smart wearable, smart home, and smart cities along with IoT, AI and AR is creating demand for efficient network infrastructure. The technological advancements along with expanding infrastructures, are expected to accelerate the growth of 5G infrastructure market over the forecast period. Also, increasing demand for no-buffer live video streaming, amplified use of social media sites and other such factors are substantially fueling the growth of 5G infrastructure market. However, high-cost associated with replacing the legacy infrastructure with 5G infrastructures, along with privacy and security concerns may impede the market growth. On the other hand, upsurge in government initiatives to strengthen the communication infrastructure is expected to create ample of opportunities for the players in the 5G infrastructure market.
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The study comes out as an intelligent and comprehensive appraisal tool as well as a reliable guide that will help you maintain a solid place in the global 5G Infrastructure industry. This includes Porter’s Five Powers and PESTLE research to equip the company with critical knowledge and comparative statistics on the Global 5G Infrastructure Industry. We also given an in-depth review of the Vendor Environment to give you a full understanding of the present and potential business scenarios of the global 5G Infrastructure industry. Our researchers are using the new primary and secondary analysis methods and methods to produce detailed and reliable market research studies.
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