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The global 5G infrastructure market size is projected to reach USD 80.06 billion by the end of 2027. The increasing investments in product R&D will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “5G Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Communication Infrastructure (RAN, Transport Technologies, and Core Technologies), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6GHz), And High Band (24-40 GHz)), and Regional Forecast, 2020-2027” the market was worth USD 1.25 billion in 2019 and will exhibit a CAGR of 71.0% during the forecast period, 2020-2027.
5G infrastructure is the latest generation of networks that have been used as a mode of communications for several years. The massive investments in 5G networks is consequential to the huge potential held by the concept across the world. The growth of 5G infrastructure has been rapid of late, with most companies as well as government rolling out test models for the same. The increasing number of smartphone users across the world and the rising demand for 5G infrastructure have laid the foundations for growth for the companies who have invested in this network. The rising demand for this concept is consequential to the exceptional features of the network including high speed connectivity and seamless network carriers. Accounting to the rising demand for the product, there has been a healthy market competition across the world, which in turn will emerge in favor of market growth.
Verizon’s Partnership with Twitch Rivals North America will have a Massive Global Impact
The report highlights a few of the major industry developments of recent times and discusses their impact on the global market. Among all factors, the increasing number of company collaborations and mergers has made the highest impact on the growth of the market in recent years. Accounting to the exceptional potential held by 5G network, companies are looking to adopt strategies that will help them stand out from the rest and it is observed that collaborations are an increasing trend among major companies across the world. In August 2020, Verizon Ltd. announced that it has partnered with Twitch Rivals North America. Through this collaboration, Twitch will broadcast its events on Verizon’s 5G ultrawideband network. Such company collaborations will not just influence other companies but will ultimately influence the growth of the global market in the foreseeable future.
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Increasing Integration of IoT will Contribute to Market Growth
The rising internet penetration across the world has given the platform for adoption of advanced concepts such as IoT and AI. The increasing applications of IoT and the ease of availability of cloud platforms will lead to an increase in the demand for 5G infrastructures across the world.
Major Companies are Targeting Advanced Infrastructure Solutions
The applications of 5G network the benefits that it offers is unparalleled. The increasing investments have certainly enhanced the applications of the concept and as a result, there is a healthy market competition across the globe. Accounting to this, large scale companies are looking to offer innovative 5G tools and network solutions; a factor that will help draw attention in an otherwise competitive market.
List of the Key Companies Profiled:
The global 5G infrastructure market is segmented on the basis of:
Value (USD billion)
By Communication Infrastructure
By Spectrum Band