The burgeoning number of communication service providers (CSPs) globally, increasing competition among mobile operators for 5G adoption, and expansion of 5G mobile networks in the developed countries such as U.S. are some of the factors driving the growth of Global 5G infrastructure market. In addition to this, boost in the growth of mobile data traffic, and extensive implementation of virtual networking architecture in telecommunications, along with rising investment by the industry verticals for 5G adoption and surging machine-to-machine (M2M) connections are anticipated to fuel the demand for 5G infrastructure in the forecast period.
According to MarkNtel Advisors’ research report titled “Global 5G Infrastructure Market Analysis, 2020”, the Global 5G Infrastructure market is anticipated to grow at a CAGR of around 65% during 2021-26. Based on Spectrum, Above 6 GHz spectrum is expected to grow at a robust rate during 2021-2026. The growth of the segment is attributed to rising support for spectrum harmonization 5G spectrum to enable fast 5G speed, low-cost devices, international roaming, reduce handset complexity, and minimize cross border interference. Moreover, recently, the governments across developed and emerging countries such as China, U.S., Japan, and South Korea, have released sub-6 GHz frequencies to provide high speed internet services to the industries.
“Global 5G Infrastructure Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for 5G Infrastructure providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Radio Access Network (RAN) Acquired the Largest Market Share
Based on Communication Technology, Radio access network (RAN) acquired the largest market share in 2020 owing to the factors such as robust deployment of virtual and centralized RAN among network service providers in order to lessen the overall infrastructure costs. Besides this, to enhance operational efficiency of virtual RANs, the utilization of software-defined networking (SDN) technology is gradually expanding which is further anticipated to play a crucial role toward the segmental growth in the forthcoming years.
North America Dominated the Market
North America dominated the Global 5G Infrastructure market in 2020 and the trend is expected to remain same over the forecast period. US acquired the majority market share in the North America market on account of surging growth in mobile communication technology, bolstering spending by communication service providers toward 5G infrastructure to make wireless connectivity more flexible, and widespread adoption of the advance technologies such as internet of things (IoT) and autonomous car/connected cars. Besides these, the surging roll-out of 5G network in private sector, escalating increase funding for early stage wireless research and development, and growing efforts to build next-generation 5G cell networks are some to the factors expected to promulgate the growth of the 5G Infrastructure Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global 5G Infrastructure Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global 5G Infrastructure market are Hardware Providers (Intel Corporation, Qualcomm Technologies Inc., Mediatek Inc, Huawei Technologies Co. Ltd, Samsung Electronics Co. Ltd), Network Equipment Providers (Telefonaktiebolaget, LM Ericsson, Cisco Systems Inc., Nokia, Huawei Technologies Co., Ltd., Samsung Electronics Co. Ltd), and Network Providers (Verizon Communications Inc., AT&T Inc., NTT Docomo Inc., Orange, Vodafone Group Plc) etc.
Key questions answered in the study: