27.10.2021 Бизнес

5G Infrastructure Market Worldwide Industry Analysis and New Market Opportunities Explored

The 5G infrastructure market growth during the forecast period (2021–2030) will be driven by the increasing adoption of technologies that require fast internet connection, burgeoning demand for low-latency internet, the soaring population of mobile data users, and rising adoption of virtual network architecture in the telecommunications industry. Moreover, the growing use of machine-to-machine (M2M) connections will also contribute to the market growth globally. According to P&S Intelligence, the market revenue stood at $1.5 billion in 2020.
The increasing adoption of internet of things (IoT)-enabled devices, owing to the soaring popularity of augmented reality and virtual reality (AR and VR), remote-controlled systems, and artificial intelligence (AI), is one of the primary growth drivers for the market. In IoT applications, data is shared among multiple parts of a system over a wireless network. The data is collected from the input source or sensors and then used to transfer the output. This process of data collection and transmission is facilitated by a 5G network, as it transfers data with low latency, which enhances the reliability of IoT devices.

Currently, players of the 5G infrastructure market are focusing on product launches and collaborations to stay ahead of their competitors. For instance, in April 2021, Samsung Electronics Co. Ltd. launched a whitepaper on virtualized radio access network (vRAN). The vRAN is used to distribute resources freely and scale components automatically because it offers flexibility, excellent resource efficiency, and enhanced network scalability. Other players focusing on the development and introduction of new solutions of 5G are AT&T Inc., KT Corporation, SK Telecom Co. Ltd., Ciena Corporation, Airspan Networks Inc., Telefonaktiebolaget LM Ericsson, and Affirmed Networks Inc.

Globally, the North American 5G infrastructure market generated the highest revenue in 2020, due to the mounting investments being made by the U.S. and Canadian governments in 5G infrastructure development. For instance, the Federal Communications Commission (FCC) created the 5G Fund for Rural America in October 2020. The FCC plans to invest $9 billion in Universal Service Fund to deploy 5G mobile wireless services in rural America. Moreover, the surging use of advanced technologies, such as AI, IoT, autonomous driving, and wearable technologies, will also catalyze market growth in the region.
Thus, the surging demand for IoT-based products and the rising usage of network slicing in 5G infrastructure will facilitate market growth.