Growth of IoT Technology Would Open New Opportunities for 5G Infrastructure
Posted: Nov 26, 2018
The 5G infrastructure market is estimated to be valued at USD 2.86 Billion in 2020 and it is further expected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. The forecast period for this report is considered between 2020 and 2026.
- Download PDF Brochure@
The major factors driving the growth of the 5G infrastructure market include increasing demand for mobile data services, rising importance of software implementation in a communication network, the growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.
In this report, the 5G infrastructure market is segmented on the basis of communication infrastructure, core network technology, chipset type, application, and geography. Based on communication infrastructure, the market for small cells will hold the largest share during the forecast period because of the high-scale deployment of small cell network to enhance network capacity in terms of high-speed data transfer rate.
The SDN core network technology is estimated to hold the largest market share in 2020. This is because of it is expected that many network operators will adopt SDN network technology to enhance their network operation. In 5G environment, it would be very difficult for network operators to monitor and operate their network with conventional hardware methods and components. Thus, to improve the overall operational efficiency, network operators are likely to adopt SDN technology.
- Know More@
In chipset type, the market for ASIC chipset is estimated to grow at the highest rate during the forecast period. The growth is attributed to the high-scale adoption in consumer electronics devices such as AR and VR devices and smartphones. However, owing to the demand from 5G network infrastructure segment, the market for RFIC is further projected to hold the largest share during the forecast period. For example, in small cell infrastructure, the RFIC chipset is one of the important components. Hence, the high-scale deployment of small cells in 5G environment acts as a driving factor for the growth of RFIC chipset in the 5G network infrastructure market.
The research methodology used to estimate and forecast the 5G infrastructure market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources referred to for this research include 3rd Generation Partnership Project (3GPP), International Telecommunication Union (ITU), 5G World Alliance, 5G Automotive Association, Cellular Telephone Industries Association (CTIA) (US), Global Mobile Supplier Association (GSA). The vendor offerings have also been taken into consideration to determine the market segmentation.
The bottom-up procedure has been employed to arrive at the overall size of the 5G infrastructure market from the revenues of the key players. After arriving at the overall market size, the total market has been split into several segments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedure have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.