The 5G Infrastructure Equipment Global Market Report 2023 by The Business Research Company, provides 5g infrastructure equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s 5G Infrastructure Equipment Global Market Report 2023, the market size is expected to grow from $10.49 billion in 2022 to $18.44 billion in 2023 at a compound annual growth rate (CAGR) of 75.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 5g infrastructure equipment market size is expected to grow to $108.99 billion in 2027 at a CAGR of 55.9%.
The adoption of 5G for smart city networks is the primary factor contributing to the growth of the global 5G infrastructure market. The enhanced features of 5G network such as high speed, reduced or zero latency, wider bandwidth, uniform platform, larger number of connected devices, and extended battery life are powering the smart cities, thereby causing an urban revolution. Zero latency, for instance, enables the sensors and devices that power the city’s transportation and traffic system to automatically redirect traffic and also alert self-driving vehicle systems about the situations on the road. The advanced 5G capabilities such as enhanced security (instantaneous transfer of videos from the security cameras), instant response to emergency situations, and personalized healthcare are expected to bring increased digital inclusion to urban residents. From automated grocery purchase and delivery to complex management of a building’s infrastructure, 5G will enable people to adopt new standards of living. Due to all these enhanced features, the demand for 5G network is growing, and therefore, adoption of 5G for smart city networks is driving the 5G infrastructure equipment market.
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Major Players:
- AT&T
- Verizon Communications,
- Corning
- Fujikura Co.
- Hewlett Packard Enterprise
The 5g infrastructure equipment market is segmented:
1) By Communication Infrastructure: Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)
2) By Network Technology: Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC)
3) By Application: Energy & Utilities, Automotive, Healthcare, Retail, Other Applications
The Internet of Things (IoT) that has been transforming businesses and peoples’ lives is continuing to ignite new innovations. IoT represents one of the key growth opportunities for 5G telecommunication service providers. A number of factors, including increased demand from consumers and enterprises, and the availability of more affordable devices, are driving the adoption the Internet of Things (IoT) which in turn is expected to drive 5G infrastructures. 5G will be driven largely by IoT applications including remote healthcare, traffic safety and control, smart grid automation, industrial application and control, and remote manufacturing, training, surgery and education. Growth in IoT technology will drive significant operator investment in 5G technology, spectrum and infrastructure.
The 5g infrastructure equipment market report table of contents includes:
1. Executive Summary
2. 5G Infrastructure Market Market Characteristics
3. 5G Infrastructure Market Market Trends And Strategies
4. 5G Infrastructure Market – Macro Economic Scenario
5.5G Infrastructure Market Market Size And Growth
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26. Africa 5G Infrastructure Market Market
27. 5G Infrastructure Market Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 5G Infrastructure Market Market
29. 5G Infrastructure Market Market Future Outlook and Potential Analysis
30. Appendix
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