Major players in the 5G Infrastructure Equipment market are AT&T, Verizon Communications, Corning, Fujikura Co., Hewlett Packard Enterprise, Beldon, Intel Corporations, Ericsson, Qualcomm Technologies, and Huawei Technologies Co.
The Global
5G Infrastructure Equipment Market is expected to decline from USD 2.03
billion in 2019 and to USD 1.90 billion in 2020 at a compound annual growth
rate (CAGR) of -6.41%. The decline is mainly due to economic slowdown across
countries owing to the COVID-19 outbreak and the measures to contain it. The
market is then expected to recover and reach USD 9.37 billion in 2023 at CAGR
of 70.16%.
The 5G infrastructure equipment market comprises of revenue generated by the sales of 5G network hardware or network communication devices supporting 5G technology by establishments that design, build or develop these 5G network infrastructure. The 5G infrastructures include spectrum, Macro-network, small cell, and other network domains.
North America was the largest
region in the 5G Infrastructure Equipment market in 2019. Asia Pacific is
expected to be the fastest growing region in the forecast period.
The Internet of Things (IoT) that
has been transforming businesses and peoples' lives, is continuing to ignite
new innovations. IoT represents one of the key growth opportunities for 5G
telecommunication service providers. A number of factors, including increased
demand from consumers and enterprises, and the availability of more affordable
devices, is driving the adoption the Internet of Things (IoT) which in turn is
expected to drive 5G infrastructure. 5G will be driven largely by IoT
applications including remote healthcare, traffic safety and control, smart
grid automation, industrial application and control, and remote manufacturing,
training, surgery and education. Growth in IoT technology will drive
significant operator investment in 5G technology, spectrum and infrastructure.
The 5G infrastructure equipment
market covered in this report is segmented by communication infrastructure into
small cell; macro cell; radio access network (RAN); distributed antenna system
(DAS). It is also segmented by network technology into software defined
networking (SDN); network function virtualization (NFV); mobile edge computing
(MEC); fog computing (FC).
Delay in standardization of
spectrum allocation is challenging the growth of 5G infrastructure market.
Large quantities of new radio spectrum have been allocated to 5G. 5G can be in
low-band spectrum below 1 GHz, mid-band frequencies from 1 GHz to 6 GHz, or
high-band spectrum above 6 GHz. The timely deployment of 5G is essential for
achieving the objectives of telecom service providers, especially in emerging
markets. However, there is a delay in spectrum auction and standardization
across many countries. A key reason for the delay is the financial health of
the service providers, which have been struggling to pay licensing fees and
other penalties. Also because the unit pricing of the spectrum is high, few
countries like India are taking time to raise as much money for the spectrum
auction. Moreover, long-term investment in 5G is bound to further dent
operators' finances. Therefore there is a delay in standardization of spectrum
allocation. The delay in the use of spectrum for mobile broadband networks also
comes at a significant cost.
On January 13, 2020 Samsung
announced that it has completed the acquisition of Tele World Solutions. The
Virginia-based telecommunications company provides wireless networking and
consulting services. The deal will make TWS a wholly owned subsidiary of
Samsung, allowing the brand to continue to offer its consulting services to
existing clients. The acquisition of TWS will enable Samsung to meet mobile
carriers' growing needs for improving their 4G and 5G networks, and eventually
create new opportunities to enhance their service capabilities to the
customers.
The adoption of 5G for smart city
networks is the primary factor contributing to the growth of the global 5G
infrastructure market. The enhanced features of 5G network such as high speed,
reduced or zero latency, wider bandwidth, uniform platform, larger number of
connected devices, and extended battery life are powering the smart cities,
thereby causing an urban revolution. Zero latency, for instance, enables the
sensors and devices that power the city's transportation and traffic system to
automatically redirect traffic and also alert self-driving vehicle systems
about the situations on the road. The advanced 5G capabilities such as enhanced
security (instantaneous transfer of videos from the security cameras), instant
response to emergency situations, and personalized healthcare are expected to
bring increased digital inclusion to urban residents. From automated grocery
purchase and delivery to complex management of a building's infrastructure, 5G
will enable people to adopt new standards of living. Due to all these enhanced
features, the demand for 5G network is growing, and therefore, adoption of 5G
for smart city networks is driving the market.
For More Information, Click on the Link Below:-
Global
5G Infrastructure Equipment Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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