5G Infrastructure Market Size, Share, Growth Analysis, By Component (Hardware, Services), By Type (Private, Public), By Network (Standalone, Non-standalone), By Region -Industry Forecast 2024-2031

High investments of telecommunication companies to expand their 5G networks in the Asia Pacific region are helping it emerge as the largest regional market. Surging demand for 5G network technology in multiple countries such as Japan, China, Hong Kong, and India is further bolstering the dominance of this region. Rapid digitization, growing data traffic, rising use of smartphones, and presence of multiple telecommunication companies are other factors keeping the Asia Pacific market highly opportune. Growing use of connected devices and edge computing technologies are also estimated to create new business scope for 5G infrastructure companies over the coming years.

High demand for low latency networks and rapid data transfer speeds are making North America a highly opportune market for 5G infrastructure providers going forward. The presence of a strong technological infrastructure, investments in 5G network expansion, and growing use of industrial automation are some key factors allowing this region to present lucrative opportunities for 5G infrastructure companies. The United States is forecasted to be the leading market in the North American region owing to high 5G network users and rising popularity of 5G technology. Canada will also offer lucrative revenue generation scope for all 5G infrastructure companies operating in this region going forward.