The Global 5G Infrastructure Market size was valued at USD 825.1 million in 2020 and is
expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.83% from 2021-
2030. 5G is a major breakthrough in the telecommunication industry and is expected to
revolutionize almost all other sectors as we know them. Demand for mobile data traffic is
expected to increase multifold in the coming years. The legacy 4G networks are not able to
keep pace with this demand, especially in dense urban areas. 5G wireless technology is
designed to deliver higher speeds, greater bandwidth, ultra-low latency, more reliability,
massive network capacity and a standard user experience to increased user base. Higher
performance and improved efficiency would help to connect virtually everyone and everything
together including machines, objects, and devices. The evolution and adoption of 5G would
create numerous opportunities for the business. Similar to the way 4G had shaken up the
industry landscape, wherein data packages became more important than voice and SMS
packages, 5G would help us to harness the full potential of IoT (Internet of Things), AI (Artificial
Intelligence) and AR (Augmented Reality), among many others. 5G assures 10 times more
speed than wireless connectivity, which is expected to eliminate latency and create seamless
connectivity. It offer latency of 1 millisecond (ms) or lower, which is useful for end use
applications that require real-time feedback. According to Nokia Corporstion, by 2024, there
will be over a billion 5G subscribers globally. Nowadays, communications service providers
(CSPs) are making move to standalone (SA) designs to deliver the full benefits of 5G
technology. Increasing investment in the 5G network will build the sustainable infrastructure
and long-term success.
Market Segmentations and Scope of the Study:
The global 5G infrastructure market share has been analyzed based on communication
infrastructure, network technology, chipset type, application, and geography. Bas