5G Infrastructure Market 2019 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2026
The global 5G infrastructure market size was valued at USD 720.6 Mn in 2018, is projected to reach USD 50,640.4 Mn by the end of 2026, exhibiting a CAGR of 76.29% according to a report from Fortune Business Insights.
The Internet of things (IoT) industry is rapidly evolving, which is driving the global 5G infrastructure market at a tremendous rate. Fortune Business Insights in a new report, titled “global 5g infrastructure market, size, share and global trend by component (fibers, cables, antenna, transceiver, wireless backhaul, modem, router), communication infrastructure (small cell, macro cell, radio access network (ran), distributed antenna system (das), and geography forecast till 2026” suggests that the global market will rise at a whopping CAGR of 73.04% during the forecast period, 2018-2026.
Top Players
AT&T
Hewlett Packard Enterprise (HPE)
co
Intel Corporations
Qualcomm Technologies
Belden
There is a skyrocketing demand for high-speed internet among end-use industries. 5G infrastructure plays a crucial role while deploying high-speed internet service. The analysts in the report predict that the global market is anticipated to reach US$ 50,640.4 Mnby 2026, as against US$720.6 Mn in 2018.
“5G technology is expected to positively influence connected agriculture, smart cities, machine-to-machine communication, and home automation,” says a lead analyst at Fortune Business Insights. “Moreover, some of the prominent challenges faced by organizations with regards to improving reliability, performance, and connectivity can be resolved through 5G infrastructure,” he added. 5G connectivity offers several advantages such as higher efficiency and high-speed data transmission than 3G or 4G networks.
Increasing Investments in 5G Technology in North America Contributes to the Growth
From a geographical standpoint, North America is anticipated to maintain its dominance in the global 5G infrastructure market. Moreover, the market covered the value of US$ 266.0 Mn in the year 2018. An increasing number of infrastructure projects in the U.S. is the primary factor responsible for driving the market in North America. Early adoption of advanced technologies such as automation, internet of things (IoT) among others can give significant impetus to the market in North America. The growth in this region is also attributable to the rising demand for on-demand video services and the rising trend of smart cities. The presence of prominent players in the U.S. and government-backed support in the country creates ample growth opportunities for the market.
The market in Europe is expected to grow at a considerable rate owing to the presence of well-established 5G infrastructure providers. Countries such as the U.K and Europe are currently involved in testing 5G technology. For instance, Vodafone is planning to roll out 5G technology tests in Birmingham, Manchester, Liverpool, Glasgow, Bristol, London, and Cardiff. In 2018, the market in the Asia Pacific was valued at US$ 162.1 Mn and is expected to grow at a substantial rate in the forthcoming years. The growth is ascribable to the rising support from the government and private industries.
Ever-evolving 5G Infrastructure Sees an Upward Trajectory in Various Applications
The rising demand for mobile bandwidth among consumers worldwide is augmenting demand for 5G infrastructure networks. With the growing trend of smart city, demand for IoT connectivity sensor devices is increasing. This, in turn, is contributing to the development of 5G infrastructure. Some of the emerging applications such as self-driving cars and augmented reality (AR) also support the development of 5G infrastructure. All these factors are expected to drive the market in the forecast years.
The burgeoning demand for smartphones, laptops, and computers and other connected devices is creating demand for advanced network alternatives. Under Industry 4.0, IoT devices, vehicles, equipment, and machinery are connected to each other. This requires high-speed internet coverage and network solution. The current 4G network cannot fulfill all the requirements of advanced technologies that require a high-speed internet network. Here, 5G infrastructure comes into existence as radio access technology can overcome the challenges faced by 4G technology. Furthermore, distributed antenna systems of 5G infrastructure offer several advanced services. Spurred by these factors, the global 5G infrastructure market is expected to grow at a rapid rate in the forecast period.
(Find more information, including the full report, by clicking here.)
