5G Infrastructure Market worth over $60 billion by 2028

5G Infrastructure Market size is set to exceed USD 60 billion by 2028, according to a new research report by Global Market Insights Inc.
 

The market growth is due to rising smartphone penetration across the globe. For instance, according to GSMA, unique mobile subscribers were 5.3 billion in 2021 and are expected to reach 5.7 billion by 2025. The increasing number of mobile subscribers has resulted in increased data traffic, thus boosting the requirement for low latency networks. The 5G network offers better speed, lower latency, and greater capacity than the 4G networks.
 

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The transport and backhaul network segment is expected to grow at a rate of over 50% during the forecast period, owing to the growing demand for low latency applications. The 5G transport network enables various low latency applications, such as Mobile Broadband (eMBB), massive Machine-Type Communications (mMTC), and ultra-reliable Low-latency Communications (URLLC), to operate more effectively.
 

Browse key industry insights spread across 330 pages with 454 market data tables and 35 figures & charts from the report, “5G Infrastructure Market Size, By Component (Hardware [Radio Access Network (RAN), Core Network, Transport and Backhaul Network], Service), By Spectrum (Sub-6 GHz, mmWave), By Architecture (Standalone, Non-standalone), By End-user (Communication Service Providers, Enterprises [Commercial, Industrial {Manufacturing, Automotive and Transportation, Utility, Retail, Healthcare}], Government)”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/5g-infrastructure-market
 

The sub-6 GHz spectrum held a market share of over 85% in 2021, credited to increasing investments in low and mid-band frequency spectrums by telecom service providers. The major commercial 5G infrastructures have deployed mid-bands, ranging from 3.3GHz-3.8GHz and a few countries have also re-farmed sub-1GHz low bands for 5G. Telecom service providers are deploying 5G networks on the sub-6 GHz spectrum to offer high bandwidth services.
 

Communication service providers accounted for 40% 5G infrastructure market share in 2021. Telecom operators are focusing on improving their telecom infrastructures to meet the growing demand for cellular users. Telecom operators are continuously upgrading their network infrastructures to meet the high-speed data demand from consumers. As data service is the leading business segment for the majority of the telecom providers, expansion and upgrading of 5G infrastructures are being undertaken at a rapid pace to ensure competitiveness and maintain the market share.
 

Standalone 5G architecture will observe growth of around 60% during the forecast period, led by simplified RAN and device architecture. The standalone 5G network infrastructure is directly connected to the 5G core network and it does not rely on the existing 4G. The biggest challenge faced by the standalone 5G infrastructure is the high initial investments required for the deployment of standalone 5G infrastructures.
 

The North America 5G infrastructure market size is expected to reach USD 16 billion by 2028. The growing internet penetration leads to an increase in the number of mobile devices that, in turn, accelerate network data traffic. This growing data traffic is enabling telecom operators to transform their telecom infrastructures.
 

Supportive government initiatives for the commercialization of 5G infrastructure are supporting the regional market growth. Government authorities including the Federal Communication Commission (FCC) and the Canadian Radio-television and Telecommunications Commission (CRTC) are focusing on improving the regulatory framework for attracting more investments for the deployment of 5G telecom infrastructures.