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The expansion of the internet of things (IoT) and machine-to-machine (M2M) industry is creating growth opportunities for the Global 5G Infrastructure Market. Fortune Business Insights in a new study, titled “GLOBAL 5G Infrastructure Market: Global Industry Analysis, Insights and Forecast, 2018-2026” provides a detailed overview on factors enabling growth in the market. The demand for high-speed internet services among end-users is increasing rapidly. This is one of the factors responsible for a tremendous CAGR of 76.29%. As per the report, the market was worth USD 720.6 Mn in the base year i.e. 2018 and is anticipated to reach USD 50,640.4 Mn by the forecast year i.e. 2026. 5G technology has the ability to fulfil the requirements of end-users such as agriculture, automotive, healthcare among others. Moreover, this technology over the years has positively impacted the development of smart cities, home automation, and automatic vehicles. 5G infrastructure helps to reduce dormancy, enhances connectivity, performance, and reliability.
Ericsson’s Advanced Software Supports Organizations to Achieve Better Internet Coverage
Strategies such as new product launches and agreements is what makes the global 5G infrastructure market achieve a remarkable CAGR. Leading players are continuously focusing on these strategies to expand their presence in the market. Some of the leading players include Corning, Inc., Intel Corporations, Qualcomm Technologies, Samsung Electronics, Hewlett Packard Enterprise (HPE), Verizon Ltd., Ericsson, AT&T, and Huawei Technologies Co. In 2019, Ericsson successfully launched an advanced 5G radio access network software. This software will aid organizations to achieve better and improved network coverage. Another significant development by Nokia helped the market to grow. Last year in July, Nokia signed an agreement with another company called T-Mobile US Inc. to expand the 5G wireless network infrastructure.
Rising Demand for Radio Access Network to Give Tailwinds to Growth Witnessed
5G infrastructure drives the future internet as it runs on a mobile ultra-broadband network. Rising adoption of smartphones in developing as well as developed nations, together with better IoT connectivity, drives the market. With the emergence of Industry 4.0, machinery, equipment, vehicles are connected with each other, requiring extensive network coverage and high-speed network. The present 4G network is primarily for online banking and digital services as it helps to offer real-time information and allows smooth online transactions. On the other hand, there are technologies which need high-speed network coverage and this is where 5G infrastructure plays a role. Radio access network in 5G network can effectively overcome this challenge and offer advanced services. This, coupled with the distributed access network, is expected to help the market grow at a higher CAGR during the forecast period.
North America Leads Owing to Rising Investments in 5G Technology
In 2018, the market in North America was valued at US$ 247.6 Mn. The market is anticipated to maintain its dominance in this region over the projected horizon. This growth is ascribable to the rapid developments in 5G infrastructure projects, especially in the U.S. Presence of well-recognized players and rising support from governments in the U.S. are likely to create impressive growth opportunities for the market. Governments in the U.S. are heavily investing in 5G infrastructure for private firms and other government agencies. Considering these factors, the market in North America is anticipated to flourish in the years to come.
Apart from North America, Asia Pacific is also expected to register substantial growth in the global market. Governments in this region are increasingly investing in 5G infrastructure for companies to adopt 5G technology, which drives the market in Asia Pacific.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/5g-infrastructure-market-100869
The global 5G infrastructure market can be segmented into the following categories:
o Active Antenna
o Passive Antenna
· Wireless Backhaul
By Communication Infrastructure
· Small Cell
· Macro Cell
· Radio Access Network (RAN)
· Distributed Antenna System (DAS)
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)