Posted On: 2019-10-21
USA accounted for the largest share in the Global 5G Infrastructure Market– 6Wresearch
Presently, global 5G infrastructure market is in the nascent phase. However, the market is expected to witness exponential growth over the coming years on account of increasing number of consumers adopting the service due to several benefits provided by 5G network as compared to the existing 4G infrastructure, such as faster speed, lower latency and higher bandwidth.
According to 6Wresearch, Global 5G Infrastructure Market is expected to grow at a CAGR of 54.1% during 2019-25. USA emerged as a leading country, in terms of revenues, in the overall North America 5G infrastructure market in 2018. Further, the country has the biggest commercial 5G infrastructure market globally as pre-commercialization trials were started in USA in 2017 and fixed wireless 5G was launched in 2018. The European market for 5G infrastructure is presently a niche market, with several countries still in the initial stages of the auction process. Additionally, few economies such as UK, Switzerland and Finland deployed 5G in 2019.
According to Rachit Gulati, Assistant Manager, Research and Consulting, 6Wresearch, “South Korea is the second biggest market, 5G service trials had started in the country in late 2018. Also, countries such as China, Japan, India and Australia have planned 5G launches and full commercialization over the next two years. Thus, with anticipated rise in the demand for 5G services across these countries in the years to come, the Asia Pacific 5G infrastructure market is expected to witness highest growth in the global 5G infrastructure market.”
According to Kanchan Negi, Senior Research Analyst, Research and Consulting, 6Wresearch, “Growing internet penetration and projected rise in customer migration to 5G from the current 3G and 4G infrastructure would act as key driver for the growth of 5G infrastructure over the coming years. Also, in terms of communication infrastructure, the small cell segment is expected to witness maximum growth on account of rapid development of these cells in order to enhance the data transfer speed.”
Some of the key players in Global 5G infrastructure market include Qualcomm, Samsung, Huawei, Verizon Communications, AT& T and China Mobile.
"Global 5G Infrastructure Market (2019-2025)" report provides an in-depth analysis with more than 120 figures covered in more than 300 pages. The report estimate and forecast the overall global 5G infrastructure market by communication infrastructure, network technology, applications and regions including North America, Middle East, Europe, Asia Pacific and RoW (Latin America, Africa). The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.