5G Infrastructure Equipment Market To Grow At A Large Rate Of 73% During The Forecast Period
The Global Business 5G Infrastructure Equipment Market Report of 2021: Growth and Change of COVID-19 by 2030
LONDON, GREAT LONDON, Great Britain, August 18, 2021 /EINPresswire.com/ – The global The 5G infrastructure equipment market the amount is expected to increase from $ 3.46 billion in 2020 to $ 5.86 billion in 2021 with a compound annual growth rate (CAGR) of 69.4%. The growth is mainly due to the fact that companies are resuming their activities and adapting to the new normal situation, while recovering from the impact of COVID-19, which previously led to restrictive measures, including social distancing, remote work and closure of commercial activities that have led to operational challenges. The market is expected to reach $ 53.09 billion in 2025 with a CAGR of 73%.
The adoption of 5G for smart urban networks is a major factor contributing to the growth of the global 5G infrastructure market. Improved features of 5G networks such as high speed, reduced or zero latency, wider bandwidth, the same platform, more connected devices and extended battery life power smart cities, causing an urban revolution. Zero latency, for example, allows sensors and devices that power the urban transport and traffic system to automatically redirect traffic and also alert self-driving vehicle systems to road situations. The expanded capabilities of 5G, such as improved security (instant transfer of videos from security cameras), immediate response to emergencies and personalized healthcare are expected to bring greater digital inclusion to city dwellers. From automated grocery purchasing and delivery to integrated building infrastructure management, 5G will enable people to adopt new living standards.
The major players covered by the global 5G infrastructure industry are AT&T, Verizon Communications, Corning, Fujikura Co., Hewlett Packard Enterprise, Beldon, Intel Corporations, Ericsson, Qualcomm Technologies, Huawei Technologies Co., Samsung Electronics, Cisco Systems Inc. , NEC Corporation, Nokia Corporation.
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The 5G infrastructure equipment market consists of revenues generated from sales of 5G network hardware or network communication devices supporting 5G technology by enterprises that design, build or develop 5G network infrastructure. 5G infrastructure includes spectrum, macro-network, small cells and other network domains.
The TBRC 5G Infrastructure Equipment Market Report is segmented by small cell communication infrastructure; macro cell; radio access network (RAN); distributed antenna system (DAS) and through network technology in software defined network (SDN) and virtualization of network functions (VNFV); mobile final calculations (MEC); fog calculations (FC). Through application in energy and utilities, automotive, healthcare, retail and more.
Global 5G Infrastructure Equipment Market Report 2021: The growth and change of COVID-19 until 2030 is one of a series of new reports by The Business Research Company, which provides an overview of the 5G infrastructure equipment market, forecasts the size of the 5G infrastructure equipment market and growth for the entire market, segments of 5G infrastructure equipment and geographies, 5G infrastructure equipment market trends, 5G infrastructure equipment market drivers, constraints, revenue, leading competitors, profiles and market shares.
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