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5G Infrastructure Market Trends

Report ID: GMI5258
Published Date: Aug 2024
Report Format: PDF

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5G Infrastructure Market Trends

The growing adoption of Open RAN (Radio Access Network) technology is significantly impacting the 5G infrastructure industry. By enabling telecom operators to integrate hardware and software from various vendors, Open RAN fosters greater flexibility, innovation, and cost efficiency in 5G network deployment. This approach not only reduces reliance on single-vendor solutions but also speeds up the rollout of 5G networks, especially in underserved areas. Additionally, Open RAN promotes competition and lowers costs within the telecom industry, making 5G more accessible and scalable on a global scale.

For instance, In August 2023, Fujitsu provided NTT DOCOMO with an O-RAN ALLIANCE-compliant 5G virtualized RAN solution for its commercial network. This marks the first time NTT DOCOMO has selected an O-RAN-compliant solution, highlighting Fujitsu's commitment to flexibility, reliability, and cost-effectiveness in the deployment of 5G infrastructure.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size for 5G infrastructure was USD 6.65 billion in 2023 and will grow at over 45% CAGR between 2024 and 2032 led by the rise of smart cities, IoT applications, and autonomous vehicles

The hardware component segment in the 5G infrastructure industry is expected to reach over USD 100 billion by 2032 owing to substantial investments in various types of hardware, including base stations, antennas, and network routers.

North America market recorded over 30% share in 2023 due to the presence of the world's most advanced technology companies and early adopters of cutting-edge technologies.

Ericsson AB, Huawei Technologies Co., Ltd., Intel Corporation, Nokia Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., and ZTE Corporation