5G Infrastructure Market Overview
The global 5G Infrastructure market was valued at USD 9.16 Billion in 2021 and the worldwide 5G Infrastructure market is expected to reach USD 27,476 Billion by 2027, exhibiting a CAGR of 58.9% from 2020 to 2027. The market growth is attributed to increasing investments in 5G infrastructure and rising demand for different 5G services such as low-latency services, ultra-high-speed services, and massive machine-type communication.
Regional Analysis
North America is expected to be the dominating region in terms of the adoption of 5G infrastructure owing to the heavy investments. North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The US market is expected to report the highest market share, owing to the leading market position in terms of 5G transport networks deployed for efficient and faster transportation. Additionally, the North American market for 5G infrastructure is expected to grow further due to presence of key players in the region such as Cisco Systems, Inc. (US), CommScope, Inc. (US), Siklu Inc. (US), Mavenir (US), Airspan Networks (US), Hewlett Packard Enterprise Development LP (US), and F5, Inc. (US). These players are competing to deliver with advanced 5G infrastructure that are future ready, capable of connecting millions of devices, enhanced network coverage, low latency, end-to-end solutions, bring new revenue streams for operators, among others.
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For the purpose of analysis, the European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region globally to adopt 5G infrastructure that strictly comply with the Telecommunications Single Market (TSM) Regulation by European Union. The UK is projected to be the leading country-level market owing to higher adoption from various end-use verticals including manufacturing.
The 5G infrastructure market in Asia-Pacific region is projected to grow at the fastest rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This growth is attributed to the growing sustainable 5G ecosystem, telecom operators taking on several strategic initiatives to partner with technology providers as well as investing billions to deploy 5G networks intended towards offering new services for their customers, rapid economic developments, increasing cellular subscriber base, rise in use of smartphones, rapid development across OTT platforms, innovations across AR/VR, and digital innovation in major countries including China, Japan, India, among others.
The market in the Middle East & Africa and South America is expected to register robust growth during the forecast period. The demand is contributed by the industrialization and digital transformation across the industry is expected to continue adoption of 5G infrastructure over the forecast period.
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Key Players
According to MRFR analysis, Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Nokia (Finland), SAMSUNG (South Korea), ZTE Corporation (China), NEC Corporation (Japan), Cisco Systems, Inc. (US), CommScope, Inc. (US), Comba Telecom Systems Holdings Ltd. (China), Alpha Networks Inc. (Taiwan), Siklu Inc. (US), Mavenir (US), Airspan Networks (US), Hewlett Packard Enterprise Development LP (US), and F5, Inc. (US). The key strategies adopted by most of the players are partnerships, agreements, product developments, and collaborations.
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