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Global 5G Infrastructure Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global 5G Infrastructure Market value is expected to reach $41.29 billion growing at a CAGR of 36.2% during 2022-2028.The infrastructure required for fifth-generation cellular networks, or 5G, is made up of a network of small-cell and macrocell base stations. The standalone and non-standalone (NSA) infrastructures are typically the two options available for the 5G network. A non-standalone infrastructure among these is dependent on the current 4G LTE network in part, but a standalone infrastructure is independent of LTE networks. The functionality of 5G technology depends on the edge computing capabilities of both of these infrastructures. It provides low latency coverage for data streams connected to applications like augmented reality, IoT devices, and semi-autonomous vehicles. Businesses are quickly adopting 5G technology because it offers them a very reliable type of speed and capacity for wireless connectivity.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to major communication service providers like China Mobile Limited, KT Corporation, and NTT Docomo Inc. aggressively deploying 5G New Radio infrastructure. Additionally, governments in a number of nations, including China, South Korea, Japan, and others, are putting a lot of effort into releasing a variety of sub-6GHz and mmWave frequencies to meet the expanding need for high-speed data communication among subscriber bases. As a result, it is projected that the market in the area would increase strongly during the coming years.
Some of the key players profiled in the 5G Infrastructure Market include ZTE Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Airspan Networks, CommScope Inc., Samsung Electronics Co., Ltd., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Nokia Corporation, Mavenir, NEC Corporation, Altiostar, Fujitsu Limited, Casa Systems, Comba Telecom Systems Holdings Ltd., Aviat Networks, Inc., Ceragon, JMA Wireless and Parallel Wireless.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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