Global 5G Infrastructure Market is Estimated to be Worth $784 Mn in 2019 and is Projected to Reach $47,775 Mn by 2027, at A CAGR of 66.7% From 2020 to 2027: Proficient Market
At Proficient Market, Global 5G Infrastructure Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of 5G Infrastructure market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global 5G Infrastructure market along with, market trends, drivers, and restraints of the 5G Infrastructure market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global 5G Infrastructure Market in 2019 stood at USD 784 million and is expected to reach USD 47,775 million by 2027 growing at a CAGR of 66.7% from 2020 to 2027.
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The past decade showed the growth and development in the domain of mobile networks which directly influenced the growth of the global 5G infrastructure market. The success of 4G technologies which has propelled demand in the market, has also created room for the development of 5G technologies. Use of mobile data that has been increased over the past decade also created commendable growth opportunities within the global 5G infrastructure market. Due to presence of several channels and rising advancements in the field of telecommunications sector, there is rise in demand for global 5G infrastructure market. The need for live streaming of videos is another factor that needs to be considered while gauging the growth graph of the global 5G infrastructure market. 5G infrastructure market plays an important role in manufacturing, healthcare, aerospace & defense, industrial, automotive and many other sectors.
5G Infrastructure Market Key Players: The research study includes profiles of leading companies operating in the global 5G infrastructure market. Key players profiled in the report include:
SK Telecom Co. Ltd.
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Drivers for the Global 5G Infrastructure Market: The rising demand for mobile data and need for seamless telecommunications industry across the globe are the major factors that are driving the growth of global 5G infrastructure market. Along with this, growing adoption of virtual networking architecture in telecommunications sector is also one of the factor that is enhancing the growth of global 5G infrastructure market. In addition to this, the investments made by governments in the networking industry across the globe boost the 5G infrastructure market growth.
Opportunities for the Global 5G Infrastructure Market: Increasing M2M connections across various industries is one of the factor that will boost the growth of global 5G infrastructure market in the forecast period. However, owing to growth opportunities in IoT (internet of things) plays a vital role in healthcare, aerospace & defense, industrial and automotive sector is expected to boost the 5G infrastructure market in forecast period.
Restrains for the Global 5G Infrastructure Market: High investment cost required for the implementation of 5G infrastructure network hampers the growth of the global 5G infrastructure market. Technological & infrastructural advancements in the privacy and security concerns also hinders the growth of 5G infrastructure market. However, fiber backhaul connectivity, device availability and spectrum allocation required for 5G network hampers the growth of the 5G infrastructure market.
Region Wise, Global 5G Infrastructure Market Analysis: Some of the key regional segments in the global 5G infrastructure market are North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. North America holds the largest share in market because of the huge investment in research and development activities in 5G technology, presence of key market players, network design or deployment and high adoption rate of advanced technologies including Internet of Things (IoT) and wearable technology. European countries also have the maximum share in the market, which is followed by Asia Pacific region.
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Global 5G Infrastructure Market: Communication Infrastructure
On the basis of type, Macro cell accounted for largest share of total revenue generated, because macro cell provides advance technologies in telecommunication sector for 5G infrastructure.
Global 5G Infrastructure Market: Application analysis
The demand of Global 5G Infrastructure Market is highest from Industrial sector, because 5G technology is widely used in industrial sector for providing mobile network and mobile data.
Global 5G Infrastructure Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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