Published by Uma Rajagopal
Posted on February 16, 2022
Worldwide adoption of 5G infrastructure is poised for robust growth between 2021 and 2027 as forecast by the preliminary findings of a new ongoing research of Fairfield Market Research. With more organisations seeking its benefits like improved data speed, and reduced latency in addition to enhanced network capacity and performance, demand for 5G infrastructure will remain on an upswing. The report says that the deepening penetration of mobile broadband, and incessant market launches of a wide range of smartphones, as well as other wireless devices are expected to favour the growth of 5G infrastructure market. An underway mass shift from 2G/3G/4G technologies to 5G technology will remain the key factor pushing expansion of 5G infrastructure market.
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5G has developed a lot of buzz around, and a large number of telecom companies are announcing huge investments in it. Brands are expected to capitalise on the significantly growing role of high-speed broadband in routine lives of consumers. 5G is helping telecom companies with network upgrades that would efficiently cater to heavily surging data and voice service demands, which remains a solid factor uplifting the market prospects of 5G infrastructure.
5G Infrastructure Gains a Boost from Industry 4.0
While industries worldwide have been embracing Industry 4.0, the 5G applications and software are likely to power the next automation wave for sectors like manufacturing, farming, transportation, and healthcare. The fact that 5G technology not only allows faster data transfer but also accounts for notably improved spectral efficiency, will remain the chief booster to 5G infrastructure adoption by industrial sectors. With soaring need for connectivity with uncompromised quality, reduced latency, and wider bandwidths, 5F infrastructure market will continue to see an uptrend. Ascending popularity of smart factories, smart homes, autonomous cars, and other connected technology-enabled devices and systems will only raise demand for 5G infrastructure in future.
North America Continues to Surge ahead, Asian Markets Grow Lucrative
Some of the global telecom leaders are based in the US, which remains the strongest factor upholding the stronghold of North America. Presence of telecom operators like Sprint Corporation, Verizon Communications Inc., AT&T Inc., and T-Mobile US Inc. will continue to solidify the top position of North American market in the global 5G infrastructure space. As telecom brands have been prioritising upgradation of their existing networks, 5G continues to garner greater preference, which favours market growth.
On the other hand, Asia Pacific is looked at as the most lucrative region for 5G infrastructure solution providers to penetrate in the near future. Given the exceptional growth of smartphones market and exploding popularity of a range of wireless devices across the region, demand for 5G infrastructure is likely to climb up soon. Extensive usage of 4G LTE networks in fast-developing Asian economies like China, Japan, India, Korea, and Australia is expected to be serving as a major factor supporting the growth of 5G infrastructure in the subcontinent.
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Vendor Landscape Analysis – 5G Infrastructure Market
Some of the leading companies competing in the global 5G infrastructure market landscape, include Nokia Corporation, Ericsson AB, NEC Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Incorporated, ZTE Corporation, and Qualcomm Incorporated.
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