Increasing Demand for Mobile Data Services Driving the growth of 5G Infrastructure Market

The 5G infrastructure market is estimated to be valued at USD 2.86 Billion in 2020 and it is further projected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. The forecast period for this report is considered between 2020 and 2026. The major factors driving the growth of the 5G infrastructure market include increasing demand for mobile data services, rising importance of software implementation in communication network, growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.

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The report aims at estimating the market size and future growth potential of the 5G infrastructure market on the basis of communication infrastructures, core network technologies, chipset types, applications, and geographic regions. The report analyzes the structure of the market by identifying various segments of the market. It aims at identifying the major market trends and factors driving or restraining the growth of the market and its various submarkets. Moreover, this report analyzes the value chain of the 5G technology ecosystem. Furthermore, the report analyzes opportunities in the market for stakeholders by identifying the high-growth segments of the market, strategically profiles the key market players, and comprehensively analyzes their market size and core competencies in each segment.

Network function virtualization to exhibit the highest growth throughout the forecast period

Network function virtualization (NFV) is the new advanced network technology wherein virtualized network services are being carried out in lieu of proprietary, dedicated or application-specific hardware such as switches, servers, and routers. The NFV promises to ease the load by granting service providers the flexibility to move network functions from dedicated appliances to generic servers. Using standard IT virtualization technology, NFV focuses to combine many network equipment onto a standard, high-volume servers, switches, and storage; thereby making the networks more agile and efficient.

The market for industrial automation expected to grow at a high rate between 2020 and 2027

This is because of the growing demand for process automation in various industries such as manufacturing and process industries. To carry out various processes effectively in these industries, the flow of data and information at right time and place is crucial. With the implementation of 5G network, a strong data network, in terms of high speed with the minimal delay, can be easily achieved.

North America expected to hold the largest share of the 5G infrastructure market in 2020

The growth of the market is attributed to various factors such as increasing automation in different industries, rising number of subscribers owning more than one connected device, advanced technologies such as Internet of Things (IoT), high growth rate of connected/autonomous cars, increase in cellular M2M connections, high demand for on-demand video services, and growing trends of smart cities. In these applications, 5G network connectivity will be critical to carry out different tasks such as data transfer, data process, and communication. Thus, the growth of these applications in North America is the major driving factor for the growth of the 5G infrastructure market.

Some of the key players in the 5G infrastructure market are Qualcomm (US), Intel (US), Ericsson (Sweden), Samsung (South Korea), NEC (Japan), Qorvo (US), AT&T (US), Huawei (China), Nokia (Finland), MediaTek (Taiwan), Cisco (US), Cavium (US), Analog Devices (US), Verizon Communications (US), SK Telecom (South Korea), T-Mobile (US), ZTE (China), Korea Telecom (South Korea), China Mobile (China), and MACOM Technology Solutions (US).

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