"We Envision Growth Strategies Most Suited
to Your Business"
The global 5G infrastructure market size touched USD 20.19 billion in 2022 and is predicted to reach USD 25.69 billion in 2023. The market is anticipated to touch USD 348.76 billion by 2030, recording a CAGR of 45.2% over 2023-2030.
Fortune Business Insights™ presents this information in its latest report titled “5G Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Communication Infrastructure (RAN, Transport Technology, and Core Technology), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6GHz), and High Band (24-40 GHz)), By Network Architecture (Non-standalone and Standalone), By End User (Residential, Commercial, Industrial, and Government), and Regional Forecast, 2023-2030”.
Advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Virtual & Augmented Reality (AR/VR), have gained significant traction in recent years due to the rising trend of digitization. These technologies require an efficient and fast-paced communication infrastructure to support their functioning. Moreover, many telecom companies are launching 5G-powered devices as they have recognized the potential of 5G technologies. These factors are expected to fuel the 5G infrastructure market growth.
COVID-19 Pandemic Slumped Rollout of 5G Networks Due to Government-Enforced Restrictions
The COVID-19 pandemic had a severe impact on several industries across the world. This period also halted the deployment of 5G infrastructure in many economies due to government-enforced restrictions to reduce the spread of the virus. These, and many other challenges posed by the outbreak forced countries, such as India, France, Spain, the U.S., and Austria, to postpone the auction of their 5G spectrum. These developments slowed the market growth.
Demand for Ultra-Low Latency Features to Boost Market Development
Advanced technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), connected devices, and Augmented & Virtual Reality, are being implemented on a large scale across the world. However, there are several industry verticals that have not been able to utilize the full potential of these technologies due to the issue of high latency. Hence, since 5G technologies offer ultra-low latency features, their demand will rise considerably, thereby boosting the market’s progress.
To get a detailed report summary and research scope of this market, click here:
Companies to Focus on Creating Novel 5G Infrastructure Solutions
Some of the key players operating in this market are focusing on expanding their global presence by partnering with other companies in the industry. Organizations, such as Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Qualcomm Technologies, Nokia Network, ZTE Corporation, and Dell EMC, are providing innovative hardware and solutions, which can play a vital role in accelerating the market’s expansion.
Notable Industry Development:
List of the Companies Profiled in the Report:
Further Report Findings
Table of Segmentation
CAGR of 45.2% from 2023 to 2030
Value (USD billion)
By Communication Infrastructure, Spectrum Band, Network Architecture, End User, and Region
By Communication Infrastructure
By Spectrum Band
By Network Architecture
By End User