Global 5G Infrastructure Market

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

Report ID: SQMIG45I2217 | Region: Global | Published Date: November, 2024
Pages: 191 | Tables: 145 | Figures: 77

5G Infrastructure Market News

  • In February 2024, a new 5G private wireless solution for enterprises was launched through a collaborative effort of Wipro and Nokia. Wipro offered its expertise in network architecture and design and Nokia contributed to this solution through its expertise in providing telecommunication hardware.
  • In September 2024, Free Mobile, a renowned telecommunications provider based in France announced the launch of its 5G standalone network in France. The company also launched VoNR Services to strengthen its position as the dominant 5G network provider covering around 95% of all French population.
  • In August 2024, Telecom Namibia, a leading government-owned telecom provider in Namibia announced its plans to provide commercial 5G services and expand them in the country by 2026. The company is expected to focus on 5G infrastructure development to boost connectivity and satisfy the demand for high-speed connectivity.
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Global 5G infrastructure market size was valued at USD 12.87 Billion in 2022 and is poised to grow from USD 16.69 Billion in 2023 to USD 86.87 Billion by 2031, growing at a CAGR of 22.9% in the forecast period (2024-2031).

5G infrastructure companies are projected to focus on launching new hardware and services to make 5G more accessible and affordable for all users. Development of private and industry-specific 5G networks is also estimated to offer highly lucrative business scope for 5G infrastructure providers over the coming years. Targeting developing countries will pay off big time in the long run whereas investing in developed countries could also offer similar returns in a shorter period. 'Huawei Technologies Co., Ltd.', 'Samsung Electronics Co., Ltd.', 'Nokia Corporation', 'Telefonaktiebolaget LM Ericsson', 'ZTE Corporation', 'NEC Corporation', 'Cisco Systems, Inc.', 'Fujitsu Limited', 'CommScope Inc.', 'Comba Telecom Systems Holdings Ltd.', 'Altiostar', 'Airspan Networks', 'Casa Systems', 'Hewlett Packard Enterprise Development LP', 'Mavenir', 'Parallel Wireless', 'JMA Wireless', 'Ceragon', 'Aviat Networks, Inc.'

High Investments in 5G Network Development

Use of Edge Computing: 5G infrastructure companies can focus on utilizing edge computing technology to bring processing closer to end user and reducing latency to provide better data transfer and processing speeds. Use of 5G in conjunction with edge computing can open new opportunities for autonomous driving, gaming, and smart city applications in the future.

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.

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Global 5G Infrastructure Market

Report ID: SQMIG45I2217

$5,300
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