PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472087
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472087
Global 5G Infrastructure Market is valued at approximately USD 9.11 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 28.40% during the forecast period 2023-2030. The 5G network infrastructure comprises both standalone (SA) and non-standalone (NSA) architectures. Standalone infrastructures feature their cloud-native network core linking to 5G New Radio (NR) technology. In contrast, NSA infrastructures rely partially on existing 4G LTE infrastructure until independent 5G infrastructure is fully established. The NSA approach integrates 5G Radio Access Network (RAN), 5G NR interface, and existing LTE infrastructure and core network to offer a 5G-like experience. In the 4G era, the surge in mobile data usage led to extensive network expansions, involving more cellular radio sites, and expanded wireless spectrum. With the shift to 5G, the demand for mobile data is expected to keep increasing, prompting network operators to enhance capacity by at least tenfold. Key market players are investing heavily to address the growing need for high-speed data capacity by deploying new 5G networks and upgrading current infrastructure which is also driving the market globally.
According to the International Telecommunication Union (ITU), In 2022, the global monthly average data consumption per fixed-broadband subscription was 257 GB, whereas for mobile-broadband subscriptions, it stood at 11 GB. In low-income countries, the monthly average fixed-broadband traffic was 161 GB, significantly higher than the 1 GB observed for mobile subscriptions. The growing adoption of soft network technologies such as Network Function Virtualization (NFV) and Software Defined Networking (SDN) to adapt the flexible and robust infrastructures for millions of devices to work interconnected in an efficient way, can serve as an opportunity for the market to grow. Moreover, Continuous advancements in the Internet of Things (IoT) due to its capability of enabling communication, For example, communication signals between many sensors and connected devices. This is also expected to propel market growth in the upcoming years. Even though 5G offers high speed and bandwidth, it has a limited range which must be manipulated using additional infrastructure which leads to the installation of extra repeaters to spread waves for an extended range. Furthermore, unlike traditional technologies, 5G offers a direct connection to the cellular network that increases the potential of cyber-attacks which come up with advanced strategies to take advantage of such a security gap, this may hamper the growth of the market over the forecast period.
The key regions considered for the Global 5G Infrastructure Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the efforts by Governments in various Asia Pacific countries, including China and India to improve digital and network infrastructure due to increasing internet penetration. The swift deployment of 5G, driven by ongoing digital transformation, is also expected to propel market growth in the region. North America is expected to grow significantly over the forecast period, The increase can be credited to the growing quantity of 5G connections driving the need for 5G deployment throughout the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable