The global 5G infrastructure market is projected to exhibit a significant growth, at a CAGR of around 48.2%, during the forecast period. Introduction of 5G technology has marked a new development in the connection of devices, which is projected to positively impact every element of life. It is regarded as the cellular communication technology of the next generation that is expected to bring revolutionary and evolutionary services to the telecommunication sector. 5G technology has the ability to unleash advanced economic opportunities and several benefits to the society, providing it as a potential element in transforming the telecommunication industry. The rapid development of IoT-based devices across every industry is soon to transform every piece of technology into a wireless connection to the internet. Some of these technologies includes IoT-based smoke detectors, fridges, and washing machines. These advancements are offering growth to the 5G infrastructure market.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/5g-infrastructure-market
5G plays a role of catalyst for the innovation and deployment of IoT across industry verticals. 5G represents a paradigm shift in the architecture of communication network, with the introduction of a range of 5G-enabled devices such as tablets, laptops, and smartphones, expected to accelerate revenue generation through the network. Through the development of 5G technology, the large base stations are expected to be replaced by small macro cells of network, over which millimetre wave frequencies will be used to transmit huge data with smaller frequency ranges. In August 2018, Nokia Corporation received an investment of $584 million from the European Investment Bank (EIB) for R&D of 5G technology. The company has further collaborated with Sprint in September 2018 and have developed 5G new radio (NR) connection through MIMO technology across 2.5 GHz spectrum. Some of the other recent investments made in 5G technology are-
- Samsung is planning to invest $22 billion in the development of artificial intelligence and 5G technology by 2021. The company has further collaborated with Verizon, a US-based mobile network provider, for the installation of 5G network in some cities in the US. Samsung is offering various end-to-end 5G equipment to Verizon, to support the 5G network installation in Houston and Sacramento. The company will further fulfil the increasing demand for 5G in the near future.
- China has inaugurated its five-year economic investment plan that involves an investment project of $400 billion in 5G technology. Beijing is considering 5G technology a crucial element for transforming the communication sector of China. The country has spent $24 billion more than the US on the development of 5G technology. Huawei Technologies Co. Ltd., a telecommunication equipment provider, is conducting research into 5G technology and developing networks in a number of countries, which includes Japan, France, South Korea, Canada, and Italy.
A full report of Global 5G Infrastructure Market available @ https://www.omrglobal.com/industry-reports/5g-infrastructure-market
5G Infrastructure Market Segmentation
By Infrastructure Type
- Small Cell
- Macro Cell
By Operational Frequency
- Sub 6-GHz
- Above 6-GHz
By End-User
- Residential
- Commercial
- Industrial
Global 5G Infrastructure Market Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
