According to a market report by Lucintel, the future of the global 5G infrastructure market looks promising with opportunities in the residential, commercial, industrial, and government markets. The global 5G infrastructure market is expected to reach an estimated $84.1 billion by 2030 from $16.2 billion in 2024, at a CAGR of 31.6% from 2024 to 2030. The major drivers for this market are growing government spending in the 5G network, a rise in the need for M2M connections in the industrial sector, and variety of 5G applications in the internet of things and other connectivity technologies.A more than 150-page report to understand trends, opportunity and forecast in 5G infrastructure market to 2030 by communication infrastructure (small cell and macro cell), core network (software-defined networking (SDN) and network function virtualization (NFV)), network architecture (standalone and non-standalone), end use (residential, commercial, industrial, and government), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that non-standalone is expected to witness higher growth over the forecast period due to growing demand for faster data transmission rates in current architecture to support dependable wireless device communication and boost delivery efficiency at a low cost.
Within this market, residential will remain the largest segment because of increasing reliance on the internet and a rise in the need for quick data, as well as, 5G networks are being quickly deployed by communication service providers (CSPs) in suburban areas and more cities to meet the demands of high-bandwidth household applications like video streaming.
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APAC is expected to witness largest region over the forecast period because of the region notable important players, encouraging government initiatives, the expanding use of cutting-edge technologies like M2M and IoT, and the growing importance of SMEs.
Ericsson, Huawei, Nokia Networks, Samsung, ZTE, NEC, Cisco, Commscope, Comba Telecom Systems, Alpha Networks are the major suppliers in the 5G infrastructure market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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