LONDON, March 25, 2021 (GLOBE NEWSWIRE) – According to a research report by The Business Research Company on the 5G infrastructure equipment market, 5G is at the forefront of overcoming the effects of the coronavirus pandemic, as countries around the world already rely on the Internet for daily operations.
The global 5G infrastructure equipment market is expected to grow at a rate of 69,93% from 2019 advertising scope $ 18 billion by 2023. The engines of the 5G market are the growing demand from various business sectors and the dependence of IoT technology on the 5G infrastructure.
Growing demand for 5G from various business sectors is expected to stimulate the 5G infrastructure equipment market over the forecast period. Several industries are seeking to take advantage of the 5G offering for improved performance and reliability.
For example, technology is expected to help the automotive sector create intelligent vehicles and enable the use of communication between vehicles. The manufacturing sector will benefit from faster production and improve standards. 5G is also expected to meet the demand for personalized digital signs and mixed reality technologies in retail stores. In the health sector, access to health care through telehealth would increase and health data could be analyzed in real time. The entertainment sector would also benefit significantly, as with 5G they can provide consumers with seamless viewing and live events. The diverse applications and benefits of 5G in these business sectors would generate market demand for 5G infrastructure equipment.
Similarly, the escalating dependence of IoT technology on 5G infrastructure is expected to contribute to the growth of 5G infrastructure equipment market. The commercial success of these IoT-enabled devices depends on how quickly they can communicate with other devices, such as smartphones, tablets, and ecosystem software. With 5G, the data transfer rate is expected to increase significantly and reduce lag, thus improving the overall speed at which connected devices will send and receive data and notifications.
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The report of the Business Research Company is entitled Global 5G Infrastructure Equipment Market Report 2021: COVID-19 Growth and Change covers large 5G infrastructure companies, 5g market share of the company, 5G infrastructure equipment manufacturers, 5g infrastructure market and 5g market forecasts. The report also covers the global market for 5G infrastructure equipment and its segments. The market share of 5G infrastructure equipment is segmented by the communication infrastructure into a small cell, a macro cell, a radio access network (RAN) and a distributed antenna system (DAS). By type of network technology, the market is segmented into software-defined network (SDN), network function virtualization (NFV), mobile computing margins (MEC) and fog computing (FC).
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The 5G infrastructure equipment market is highly concentrated, with a large number of small players. The ten top competitors on the market drawn up to 90,22% from the common market. This is mainly due to the presence of a small number of large players serving telecommunications operators. Large companies play a major role in infrastructure projects for 5G infrastructure equipment. Major market players include Huawei Investment & Holding Co., Ltd., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Samsung Electronics Co., Ltd. and Fujitsu Limited.
Global 5G Infrastructure Equipment Market Report 2021: COVID-19 Growth and Change is one of a series of new reports by The Business Research Company that provide market reviews, analyze and forecast market size and growth for the entire market, segments and geographies, trends, engines, constraints, revenue of leading competitors, profiles and market shares in over 1000 industry reports covering over 2500 market segments and 60 geographies.
The report also provides an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 data sets, extensive secondary research and outstanding insights from interviews with industry leaders. An experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify leading countries and segments for opportunities and strategies based on market trends and the approaches of leading competitors.
Here is a list of similar reports from the business research company:
Telecommunications market – by product type (wireless telecommunications operators, cable telecommunications operators, communication hardware and distributors of satellites and telecommunications) and by regions, opportunities and strategies – global forecast until 2022
Report on the Global 5G Services Market 2020-30: Implications of COVID-19 and Growth
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