5G Infrastructure Market Is Anticipated to Reach USD 52.19 Billion by 2030 Due to Increased Demand for High-Speed and Low-Latency Connectivity
5G Infrastructure Market Size, Share & Segmentation by Network Technology ((FC), (SDN), (MEC), (NFV)), by Communication Infrastructure (Macro Cell, Small Cell, Radio Access Network), by Chipset Type (RFIC Chips, ASIC Chips, Field-Programmable Gate Array, Millimeter-Wave Technology Chips, Distributed Antenna System), by Vertical (Residential, Enterprise/Corporate, Smart City, Industrial, Energy & Utility, Transportation & Logistics, Public Safety and Defense, Healthcare Facilities, Retail, Agriculture, Others), by Regions and Global Market Forecast 2023-2030
Pune, Maharashtra -- (SBWire) -- 03/17/2023 --As per SNS Insider, many governments around the world are supporting the development and rollout of 5G networks, which is expected to accelerate adoption and drive 5G infrastructure market growth. The 5G Infrastructure Market had a value of "USD 5.75 billion in 2022, and it is projected to reach USD 52.19 billion by 2030, with a CAGR of 31.73% during the forecast period from 2023 to 2030, as reported by SNS Insider".
Download PDF Brochure: https://www.snsinsider.com/sample-request/1271?utm_source=Kailas
5G infrastructure refers to the network of hardware, software, and technologies that enable the delivery of fifth-generation wireless communications. This infrastructure is designed to provide faster data speeds, lower latency, and greater capacity compared to previous generations of wireless networks. One of the key benefits of 5G infrastructure is its ability to handle massive amounts of data in real-time, which can be critical for applications such as remote surgery or autonomous driving.
The 5G Infrastructure Market is experiencing rapid growth, primarily due to the increasing adoption of virtual networking architecture in the telecommunications industry. This demand is further fueled by the rise in demand for machine-to-machine (M2M) connections across various industry verticals. The significant surge in mobile traffic worldwide is another significant factor driving market growth. The benefits of 5G infrastructure are far-reaching and will have a significant impact on various sectors, including healthcare, manufacturing, transportation, and entertainment.
Impact of COVID-19 Pandemic
While the recession caused by the COVID-19 pandemic has had a significant impact on the target market, the long-term outlook for the industry remains positive. The increasing demand for high-speed internet and advanced connectivity, coupled with government support, will drive the growth of the market in the future.
Speak To Analyst: https://www.snsinsider.com/enquiry/1271?utm_source=Kailas
Key Regional Development
The global 5G Infrastructure market is witnessing a significant growth trend, with North America leading the race. The region's dominance can be attributed to its strong investment in research and development (R&D) related to 5G technology, as well as the solid foothold of key market players in the United States. In the coming years, the Asia-Pacific region is expected to catch up and grow at a significant pace. This growth is driven by the increasing digitization of the Asian countries and favorable government support.
Recent Developments Related to 5G Infrastructure Market
?Dell and DISH Network have teamed up to bring about a major shift in the world of 5G network technology. The collaboration between these two companies aims to revolutionize the 5G landscape, offering users unparalleled connectivity, faster speeds, and more reliable data transmission. Together, Dell and DISH Network are set to deliver a range of 5G-enabled products and services, including smartphones, tablets, and other connected devices that will enable users to experience faster download and upload speeds, reduced latency, and improved network reliability.
?Astella, a leading provider of telecommunications infrastructure solutions, has recently launched its new line of 5G infrastructure software products at the Mobile World Congress. This move is a significant step forward in the development and deployment of 5G technology, which promises to revolutionize the way we communicate and interact with each other. At the Mobile World Congress, Astella showcased its 5G RAN software, which is designed to provide a high-performance, low-latency, and scalable solution for 5G networks.
Buy Complete Research Report: https://www.snsinsider.com/checkout/1271?utm_source=Kailas
Key Takeaway from 5G Infrastructure Market Study
?The application-specific integrated circuit (ASIC) chips segment is anticipated to witness the highest compound annual growth rate (CAGR) over the forecast period. These chips are specifically designed to perform a specialized function repeatedly with high efficiency, making them ideal for a variety of industrial and commercial applications.
?The small cell segment is expected to dominate the market due to its cost-effectiveness and efficient performance. Most of the 5G networks are composed of small cells, which are low-powered, short-range wireless access points that can be placed on streets, buildings, and other public places.
About SNS Insider
At SNS Insider, we believe that businesses should have access to the best market intelligence and insights, regardless of their size or industry. That's why we offer a range of solutions tailored to meet the unique needs of each client, from startups to big corporations. With a passion for our work and an unwavering commitment to delivering value, we are dedicated to helping our clients achieve their full potential.
Akash Anand – Head of Business Development & Strategy
Phone: +1-415-230-0044 (US)
Media Relations Contact
SNS Insider pvt ltd
View this press release online at: http://rwire.com/1372133