Global 5G Infrastructure Market: Introduction
5G infrastructure is an ultra-broadband network that is being made with a vision to support the Future Internet and extremely high bandwidth on global level. The global 5G Infrastructure Market is estimated to value at nearly US$ 0.8 Bn in 2019, and is expected to register a CAGR of 48.8%.
Global 5G Infrastructure Market: Dynamics
A major factor driving growth of the global 5G infrastructure market over the forecast period is growing demand for high speed Internet and mass network coverage. Advent of 5G is expected to bring along new generation technologies that improve capabilities of mobile networks and support flexibility of approach. These include a new generation air-interface based on a new waveform, codec, multiple access technology, and large-scale antenna arrays, as well as fully cloud-based network architecture leveraging software defined network (SDN) and network functions virtualization (NFV). Different network slices can be combined and encapsulated on the network using a unified underlying physical infrastructure.
In addition, 5G networks have greater capacity to support growth in emerging digital applications such as smart cities, autonomous vehicles, and Internet of Things (IoT). 5G also supports a wide range of applications that enable massive Machine Type Communications (mMTC), enhanced Mobile Broadband (eMBB), and importunately Ultra-Reliable and Low Latency Communication (URLLC). 5G networks play an important role in a wide range of applications used for advanced manufacturing, intelligent retail, and connected healthcare among many other applications.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes communication infrastructure, network technology, and chipset. The application segment includes telecom service providers, automotive &transportation, energy & utilities, healthcare, industrial automation, agriculture, financial services, consumer electronics, and others. The regions/countries covered in the analysis includes North America, Europe, China, Japan, Middle East & Africa, India, South America, and Rest of the World.
By Product Type: The network technology segment accounted for highest revenue share contribution as compared to other product type segments, and is expected to register highest CAGR of over 44% over the forecast period
By Application: The telecom service providers segment is projected to account for highest revenue share as compared to other application segments, and register highest CAGR of over 43% over the forecast period
By Region: The market in Rest of the World is expected to register highest CAGR of over 50% over the forecast period
Global 5G Infrastructure Market: Competitive Analysis
The research report on the global 5G infrastructure market include profiles of some of major companies such as Intel Corporation, Telefonaktiebolaget LM Ericsson, ABB Ltd., Samsung Electronics Co. Ltd., Amazon.com Inc. (Amazon Robotics LLC.), Honda Motor Co., Inc., Yaskawa Electric Corporation, OMRON Corporation (Adept Technology, Inc.), Lely Holding S.à r.l., NORTHROP GRUMMAN CORPORATION, Asustek Computer Inc., Nokia Corporation, and Google Inc.
The Global 5G Infrastructure Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global 5G infrastructure market for 2018–2028.
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