5G Infrastructure Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region

Preliminary findings from ongoing research conducted by the analyst indicate that worldwide adoption of 5G infrastructure is poised for significant growth between 2021 and 2027. As more organizations recognize the benefits of improved data speed, reduced latency, enhanced network capacity, and performance, the demand for 5G infrastructure will continue to rise. The report highlights the increasing penetration of mobile broadband and the continuous market launches of smartphones and other wireless devices as favorable factors for the growth of the 5G infrastructure market. The ongoing transition from 2G/3G/4G technologies to 5G technology remains a key driver for the expansion of the market.

Capitalizing on the Buzz Surrounding 5G

The growing buzz around 5G has led numerous telecom companies to announce substantial investments in this technology. Brands are expected to capitalize on the growing role of high-speed broadband in consumers' daily lives. Telecom companies are leveraging 5G to upgrade their networks to efficiently meet the surging demands for data and voice services, which positively impacts the market prospects of 5G infrastructure.

Boost from Industry 4.0 for 5G Infrastructure

As industries worldwide embrace Industry 4.0, the applications and software of 5G are anticipated to power the next wave of automation in sectors such as manufacturing, farming, transportation, and healthcare. The ability of 5G technology to enable faster data transfer and significantly improved spectral efficiency serves as a key driver for the adoption of 5G infrastructure in industrial sectors. The increasing need for connectivity with high quality, low latency, and wider bandwidth drives the upward trend in the 5G infrastructure market. The growing popularity of smart factories, smart homes, autonomous cars, and other connected devices and systems further fuels the demand for 5G infrastructure.

North America Leading, Asia Pacific as Lucrative Market

North America maintains a strong position in the global 5G infrastructure market, thanks to the presence of leading telecom operators such as Sprint Corporation, Verizon Communications Inc., AT&T Inc., and T-Mobile US Inc. The ongoing network upgrades by telecom brands prioritize 5G, contributing to market growth in the region. In contrast, Asia Pacific is viewed as the most lucrative region for 5G infrastructure solution providers to expand in the near future. The region's exceptional growth in the smartphone market and the popularity of wireless devices create a favorable environment for increased demand for 5G infrastructure. The extensive use of 4G LTE networks in fast-developing Asian economies like China, Japan, India, Korea, and Australia is a significant factor supporting the growth of 5G infrastructure in the subcontinent.

Vendor Landscape Analysis

Leading companies competing in the global 5G infrastructure market landscape include Nokia Corporation, Ericsson AB, NEC Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Incorporated, ZTE Corporation, and Qualcomm Incorporated.