Skip to main content

5G Infrastructure Market Technological Advancements, Evolving Industry Trends and Insights

The global 5G infrastructure market revenue stood at $1.5 billion in 2020, and it is predicted to increase significantly during 2021–2030 (forecast period). The market is being driven by the growing adoption of technologies that require fast internet connection, such as artificial intelligence (AI), burgeoning requirement for low-latency internet, increasing adoption of virtual networking architecture in the telecommunications sector, and surging number of mobile data users across the world.

Furthermore, the adoption of machine-to-machine (M2M) connections in several industries is driving the installation of 5G network across the world. Apart from the above-mentioned factor, the ballooning adoption of 5G-enabled devices is also fueling the expansion of the 5G infrastructure market. 5G network has been developed for matching the surge in data storage and catering to the robust connectivity requirements.


Moreover, with the growing sales of 5G subscriptions, on account of the increasing use of 5G-enabled devices and several other devices, the demand for 5G infrastructure is rising sharply around the world. According to the Mobile Economy 2020 published by the Global System for Mobile Communications Association (GSMA), 5G will account for 20% of all connections across the world by 2025.

Furthermore, the report estimates that 5G deployment will rise rapidly in Europe, North America, and Asia in the coming years. Depending on network architecture, the 5G infrastructure market is divided into 5G standalone (NR + core) and 5G NR non-standalone (LTE combined) categories. Of these, the 5G standalone (NR + core) category dominated the market in 2020.

The surging incorporation of advanced technologies such as wearable technologies, the internet of things (IoT), autonomous driving, and AI and the existence of several 5G infrastructure organizations such as Verizon Wireless Services LLC and T-Mobile US Inc., are also powering the growth of the market in the region.

Hence, the deployment of 5G infrastructure will rise enormously in the coming years, mainly due to the increasing adoption of 5G-enabled devices and rising requirement for faster network speed and low-latency internet across the world.
Labels:

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Smartwatch Market Driven by Increasing Health Consciousness

The smartwatch market is expected to exhibit a CAGR of 22.7% during the forecast period due to the increasing consciousness regarding personal health and fitness and growing application of automotive control features in smartwatches. These growth drivers will result in an increase in the value of the market from $10,223.9 million in 2017 to around $43,800.0 million by 2023. Moreover, the demand for computerized wristwatches equipped with basic smart, waterproof, and shockproof features is increasing, which is why manufacturers are introducing customizable products. One of the key factors driving the market growth is the surge in the deployment of automotive control features in smartwatches. For this, market players are focusing on the development of app-based offerings that are compatible with the current series of smartwatches. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/smartwatch-market/report-sample These new-generation smartwatches have sm...
Post a Comment
Read more

Escalating Prevalence of Frauds Fueling Demand for Fraud Detection and Prevention Technologies

The rising incidence of mobile frauds is a major factor responsible for the growing popularity of fraud detection and prevention solutions around the world. During the last few years, online transactions through mobile devices have witnessed a sharp surge in popularity and this trend will continue in the future years, on account of the surging penetration of the internet and smartphones across the world.  Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/fraud-detection-and-prevention-market/report-sample The rising adoption of these transactions is augmenting the incidence of fraudulent activities. According to reports, around 49% of all risky transactions were carried out through mobile devices in early 2019. Moreover, cybercriminals are extensively using various mobile emulators that run on desktop systems and allow fraudsters to accurately mimic iOS and Android devices.  This is making the adoption of fraud detection and prevention...
Post a Comment
Read more