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5G Infrastructure Business Research Report 2024-2030: Smart Cities Initiatives Drive Demand, Advancements in AI/ML Technologies Throw Spotlight on 5G-Optimized Networks

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5G Infrastructure Business Research Report 2024-2030: Smart Cities Initiatives Drive Demand, Advancements in AI/ML Technologies Throw Spotlight on 5G-Optimized Networks

Dublin, Nov. 13, 2024 (GLOBE NEWSWIRE) — The “5G Infrastructure – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for 5G Infrastructure was estimated at US$20.6 Billion in 2023 and is projected to reach US$260.4 Billion by 2030, growing at a CAGR of 43.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

What Are the Key Drivers Fueling the Growth of the 5G Infrastructure Market?

The growth in the 5G infrastructure market is driven by several factors, many of which are rooted in the increasing demands of modern technology and consumer behavior. One of the most significant drivers is the exponential rise in data consumption, as consumers and businesses alike rely on data-intensive applications, such as video streaming, cloud gaming, and virtual reality experiences. The proliferation of IoT devices, which require constant and reliable connectivity, is also putting pressure on telecom providers to expand their networks to handle the sheer volume of connected devices.

In industries like manufacturing, healthcare, and transportation, there is a growing reliance on real-time data transmission for automation, remote monitoring, and autonomous systems, all of which demand the low-latency, high-capacity capabilities of 5G networks. Another major factor is the global shift toward smart cities, which depend on 5G infrastructure to power innovations like intelligent traffic systems, energy management solutions, and enhanced public safety measures.

Moreover, the rise of private 5G networks tailored to the specific needs of enterprises in industries such as mining, logistics, and agriculture is creating new opportunities for infrastructure deployment, as these networks require customized solutions to support mission-critical operations. Governments around the world are also playing a crucial role in driving the market’s growth, particularly through policies that facilitate the allocation of spectrum and provide financial incentives for 5G rollouts.

Countries like China, South Korea, and the United States are leading the charge in this area, with aggressive timelines for 5G deployment and significant investments in research and development. These combined forces are ensuring that the 5G infrastructure market will continue to grow at a rapid pace, transforming industries and reshaping the way we live and work.

What Are the Challenges Facing the Widespread Deployment of 5G Infrastructure?

While the potential of 5G is enormous, its deployment is not without significant challenges. One of the foremost difficulties is the need for a much denser network of small cells compared to previous generations. Because 5G operates on higher frequency bands, such as millimeter waves, its signals have a shorter range and are more easily blocked by physical obstacles like buildings and trees. To compensate for this, telecom providers must install a large number of small cells, particularly in urban areas where demand is highest, creating logistical challenges related to acquiring permits, securing suitable locations, and managing installation costs.

Furthermore, the shift to 5G infrastructure requires substantial financial investment from telecom operators, as upgrading existing 4G networks to 5G involves replacing or enhancing a significant portion of the current hardware, including antennas, base stations, and backhaul connections. This transition is particularly challenging in countries with large, rural areas where the cost of infrastructure deployment can be prohibitively expensive.

Another challenge is ensuring the compatibility of 5G with existing legacy systems, as operators must carefully integrate new infrastructure with older technologies without disrupting ongoing services. Lastly, security concerns loom large, as 5G networks are expected to handle vast amounts of sensitive data, making them a prime target for cyberattacks. The highly interconnected nature of 5G also increases the complexity of protecting these networks from potential vulnerabilities.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Hardware Component segment, which is expected to reach US$155.3 Billion by 2030 with a CAGR of a 45.0%. The Services Component segment is also set to grow at 42.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $6.2 Billion in 2023, and China, forecasted to grow at an impressive 40.6% CAGR to reach $34.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Global 5G Infrastructure Market such as Airspan Networks, Alpha Networks, American Tower, AT&T, China Mobile and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report Attribute Details
No. of Pages 92
Forecast Period 2023 – 2030
Estimated Market Value (USD) in 2023 $20.6 Billion
Forecasted Market Value (USD) by 2030 $260.4 Billion
Compound Annual Growth Rate 43.7%
Regions Covered Global

Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • 5G Infrastructure – Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

  • 5G Network Rollout Momentum Propels Growth Across Industry Sectors
  • Rising Demand for Seamless Connectivity Spurs Investment in 5G Infrastructure
  • IoT Proliferation Expands Addressable Market Opportunity for 5G Solutions
  • Edge Computing Integration Strengthens Business Case for 5G Adoption
  • Increased Spectrum Availability Accelerates Innovation in 5G Networks
  • Smart Cities Initiatives Drive Demand for Advanced 5G Infrastructure
  • Enterprise Digitalization Efforts Propel Growth of Private 5G Networks
  • Surging Data Traffic Drives Adoption of 5G-Enabled Technologies
  • Advancements in AI/ML Technologies Throw Spotlight on 5G-Optimized Networks
  • Rising Use of AR/VR Applications Generates Demand for High-Speed 5G Connectivity
  • Autonomous Vehicles and Transportation Systems Propel Growth in 5G Deployment
  • Increased Focus on Network Slicing Expands Opportunities for Custom 5G Solutions
  • Industrial Automation Drives Demand for Reliable and Scalable 5G Networks

FOCUS ON SELECT PLAYERS:Some of the 36 companies featured in this Global 5G Infrastructure market report include

  • Airspan Networks
  • Alpha Networks
  • American Tower
  • AT&T
  • China Mobile
  • Cisco
  • Comba Telecom Systems
  • Commscope
  • Ericsson
  • Extreme Networks
  • Fujitsu
  • Hewlett Packard Enterprise
  • Huawei
  • Korea Telecom
  • Mavenir
  • NEC
  • Nokia Networks
  • Samsung
  • Siklu Communication
  • SK Telecom
  • T-Mobile
  • Verizon Communications
  • VMware
  • ZTE

For more information about this report visit https://www.researchandmarkets.com/r/yrxsg

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


            
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