Global 5G Infrastructure Equipment Market Insights Forecast 2024 - 2033
19 Apr, 2024
The 5G infrastructure equipment market has experienced exponential growth, surging from $18.44 billion in 2023 to $31.71 billion in 2024, reflecting a remarkable CAGR of 72.0% during the historical period. This surge is driven by the rapid increase in mobile data consumption, evolution of the internet, proliferation of smart devices, corporate and industrial demands, and overall expansion in the telecom industry. Expectations point towards sustained exponential growth, with the market anticipated to reach $152.15 billion by 2028, maintaining a CAGR of 48.0%. Projected growth factors include improved data speed and capacity, integration of IoT, network upgrades and expansions, emphasis on security and privacy, and integration of edge computing. Notable trends in the forecast period encompass network slicing, adoption of open RAN (radio access network), densification and deployment of small cells, utilization of massive MIMO (multiple input multiple output) technology, and integration of AI and automation.
Major Driver In The 5G Infrastructure Equipment Market
The adoption of 5G for smart city networks drives the expansion of the global 5G infrastructure market, as the advanced features of 5G, including high speed, low latency, wider bandwidth, and extended battery life, power smart cities, leading to an urban revolution. The capabilities of 5G, such as enhanced security and personalized healthcare, contribute to increased digital inclusion, driving the demand for 5G networks and propelling the 5G infrastructure equipment market. The market size for 5G infrastructure equipment experienced robust growth in 2023, continuing into 2024, with further expansion anticipated by 2028.
Request A Free Sample Of The Global 5G Infrastructure Equipment Market Report5G Infrastructure Equipment Market Competitive Landscape
AT&T Inc., Verizon Communications Inc., Corning Incorporated, Fujikura Ltd., Hewlett Packard Enterprise Company, Belden Inc., Intel Corporation, Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Cisco Systems Inc., NEC Corporation, Nokia Corporation, Mavenir Systems Inc., Oracle Corporation, Gogo Business Aviation LLC, Microsoft Corporation, Boingo Wireless Inc., RingCentral Inc., Cognizant Softvision LLC, Celonis SE, Zipwhip Inc., Biarri Networks Pty Ltd, NTT DOCOMO INC., ZTE Corporation, CommScope Holding Company Inc., A1 Telekom Austria Group, Airspan Networks Inc., Comba Telecom Systems Holdings Ltd., Dell Technologies Inc., Zayo Group Holdings Inc.
Key 5G Infrastructure Equipment Market Trend
The Internet of Things (IoT) continues to drive innovation, presenting significant growth opportunities for 5G providers. IoT applications, ranging from remote healthcare to industrial automation, are propelling the adoption of 5G infrastructures.
Get The Full Global 5G Infrastructure Equipment Market Report5G Infrastructure Equipment Market Segmentation
The 5g infrastructure equipment market covered in this report is segmented –
1) By Communication Infrastructure: Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)
2) By Network Technology: Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC)
3) By Application: Energy & Utilities, Automotive, Healthcare, Retail, Other Applications
By Geography: The regions covered in the 5g infrastructure equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the 5G infrastructure equipment market in 2023. North America was the second largest region in the 5G infrastructure equipment market. The regions covered in the 5g infrastructure equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
5G Infrastructure Equipment Global Market Report 2024 furnishes information about the global 5g infrastructure equipmentmarket, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.