BANGALORE, India, Feb. 19, 2020 /PRNewswire/ -- 5G is a state-of-the-art and next-generation wireless communication technology. It works under a wireless high-frequency technology band for smooth communication and networking. This network functions, as opposed to other traditional networking technologies, under small transmitters that consume less power. This aspect ensures reduced expenses 5G infrastructure rollout.
In 2017, the global market for 5G technology was estimated at USD 371.4 Million and was projected to reach USD 58,174.6 Million by 2025, rising at a CAGR of 95.8 percent between 2018 and 2025.
The 5G infrastructure market size is segmented into communication infrastructure, network technology, chipset type, application, and region.
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FACTORS INFLUENCING THE 5G INFRASTRUCTURE MARKET SIZE
- Machine-to-machine and the internet of things technologies make wireless networking effective and seamless. These advanced IoT systems need a robust networking infrastructure to operate effectively. Therefore, increasing demand for M2M and IoT is, in turn, expected to drive the 5G infrastructure market.
- Smart cities are being adopted globally. Smart cities are technologically enhanced as they are equipped with advanced technologies such as AI, IoT, AR/VR, and cloud computing, among others. 5G technology plays a significant role in promoting smart cities. This increase in smart cities is expected to increase the market for 5G infrastructure.
- Various companies and governments are adopting standards and laying down various initiatives to promote smart city growth. These initiatives are expected to fuel the growth of smart cities and their supporting 5G technology.
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REGION WISE 5G INFRASTRUCTURE MARKET
- Asia-Pacific is expected to be the biggest region in the 5G infrastructure market. The dominance of Asia Pacific can be attributed to the rise in government initiatives for building smart cities.
- China is the biggest autonomous vehicle market. Further, the growth of smart technologies in Asia-Pacific is, therefore, contributing to the acceptance of 5G networking and technology. These factors, in turn, are expected to increase the market for 5G infrastructure.
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5G INFRASTRUCTURE MARKET SEGMENTATION:
By Communication Infrastructure
- Small Cell
- Macro Cell
- Radio Access Network (RAN)
- Distributed Antenna System (DAS)
By Network Technology
- Software Defined Networking (SDN) and Network Function Virtualization (NFV)
- Mobile Edge Computing (MEC)
- Fog Computing (FC)
By Chipset Type
- Application-Specific Integrated Circuit (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter Wave Technology Chips
- mable Gate Array (FPGA) Field-Program
By Application
- Automotive
- Energy & Utilities
- Healthcare
- Retail
- Others
Key Companies
- AT&T
- Ericsson
- Huawei Technologies Co. Ltd
- Hewlett Packard Enterprise (HPE)
- Intel Corporation
- Mediatek Inc
- Nokia Corporation
- Qualcomm Technologies Inc
- Samsung Electronics Co. Ltd
- Verizon
- Others.
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