5G Market Booms with Network Upgrades and Low-Latency Demand

The Facts -

• 5G market expected to reach $727.6 billion by 2032.
• Key players include AT&T, Huawei, Ericsson, and Nokia.
• Asia-Pacific leads in 5G adoption with a 42% market share.

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Explosive Growth in 5G Infrastructure Market

The 5G Infrastructure Market is expanding rapidly due to telecoms enhancing network coverage to deliver high-speed, low-latency services across numerous sectors.

AUSTIN, TX, UNITED STATES, November 11, 2024 /EINPresswire.com/ --

Market Scope and Overview

The global 5G Infrastructure Market is witnessing significant growth, driven by rising demand for high-speed connectivity solutions in sectors like telecommunications, healthcare, and transportation.

The market is expected to hit USD 727.6 billion by 2032, with a CAGR of 44.8% from 2024 to 2032.

For a deeper dive, access a sample report.

Key Players in the 5G Infrastructure Space

➤ AT&T

➤ Huawei Devices

➤ Ericsson

➤ Intel Corporation

➤ Mediatek

➤ Nokia Corporation

➤ Qualcomm Technologies

➤ Hewlett Packard Enterprise

➤ Samsung Electronics

➤ Verizon

➤ Others

Factors Fueling Market Growth

Growing demand for smart devices and high-quality streaming is driving 5G infrastructure investment. Technologies like RAN systems and edge computing are crucial for faster speeds and lower latency. The push for smart cities and automation further boosts investment.

Industries like autonomous driving and remote healthcare are creating new opportunities for 5G providers. Governments in the US and China support digital transformation, enhancing infrastructure rollout. By 2025, 5G could dominate over half of mobile connections in key markets.

Market Segmentation Insights

By Communication Infrastructure

In 2023, the Radio Access Network (RAN) segment led with a 40% market share. RAN's role in data traffic management makes it vital as more devices connect to 5G. Advanced MIMO technology in RAN is enhancing data rates and coverage.

RAN investments are expanding to rural areas to extend connectivity, with ongoing support from telecom giants.

Network Architecture Trends

In 2023, Non-Standalone (NSA) architecture dominated with 80% market share, utilizing 4G infrastructure for initial rollouts. It's cost-effective and speeds up deployment.

Standalone (SA) architecture is gaining traction for its advanced capabilities like ultra-low latency and network slicing, vital for industries needing customization and reliability.

Regional Market Dynamics

The Asia-Pacific region leads with a 42% market share, driven by tech infrastructure and government support in China, South Korea, and Japan. China's "Made in China 2025" and India's 5G push are notable drivers.

North America is forecasted for the highest CAGR from 2024-2032, fueled by significant investments from telecom operators like Verizon, AT&T, and T-Mobile, alongside government incentives.

Recent Developments in 5G

In January 2024, T-Mobile and Cisco launched Connected Workplace for businesses, expanding T-Mobile's enterprise presence.

In September 2023, Siemens debuted a private 5G solution to enhance industrial automation.

For further details, enquire here.

Industry Analysis

1. Introduction

2. Research Methodology

3. Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities

3.4. Challenges

4. Value Chain Analysis

5. 5G Infrastructure Market Segmentation, By Communication Infrastructure

5.1. Introduction

5.2. Trend Analysis

5.3. RAN

5.4. Transport Technology

5.5. Core Technology

6. Regional Analysis

6.1. Introduction

6.2. North America

6.3. Europe

6.4. Asia-Pacific

6.5. The Middle East & Africa

6.6. Latin America

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Akash Anand
SNS Insider | Strategy and Stats
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