The Global 5G Market is expected to grow from US$ 2.56 Bn in 2020 to US$ 23.95 Bn by 2025 at a CAGR of 56.39% between 2020 and 2025.
The global 5G infrastructure market is experiencing an intense growth with regards to the investments, trials being carried out and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for 5G infrastructure consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many stakeholders in the 5G ecosystem that are involved in the end-to-end development of 5G technology and ensuring that the best service is made available for the users by the first half of 2020. Government funding for research & development, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for 5G over the forecast period.
Governments of various developing economies across the globe have realized the potentials of 5G and the impact this technology can have on the GDP of the country. Also, it is anticipated that due to digitalization of businesses, huge jobs would be created that would in turn have a positive impact on the economy of a particular country. TeleBrasil, which is the Brazilian Telecommunications Association has signed an agreement with China, the US, European Union, Japan and South Korea to develop 5G technology in the country.
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The Indian government has established a 5G forum with a budget of approximately $76 million dedicated to 5G research and development. Private-sector activity includes a MoU, signed by Nokia and Indian telcos Airtel India and BSNL to develop 5G, which complements Nokia’s placement of an IoT-related 5G lab in Bengaluru. Government and MNO backing coupled with India’s sizeable population will help accelerate return on infrastructure investment.
The 5G market segmentation is done on the basis of networking infrastructure and industry vertical. The market for 5G is segmented on the basis of networking infrastructure into small cells, macro cells and others. Further, the market has been segmented into various industry verticals that are anticipated to be benefitted through incorporation of 5G technology into their operational models. A number of industry verticals are set to be positively impacted post the rollout of 5G technology services in the market space. The major industry verticals include smart automotive, healthcare, smart transportation & logistics, consumer electronics, industry automation, building & home automation, and others. On the basis of geography, the 5G market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
North America and APAC will have bigger share of revenue in the market, owing to their economically economies and developed infrastructure to support upcoming technological trends in almost all industry sectors and the population in the region coupled with smartphone penetration. Globally 5G market is expected to foresee significant rise in terms of revenue share. By 2025, the market scenario is expected to change in terms of acquired revenue share. North America is expected to be a saturated market with almost constant market share over the forecast period. However, APAC is estimated to gain significant share of revenue in the total market, as a result of growing economy and rising digitalization initiatives in the region.
The report segments the global 5G market as follows:
5G Market – By Networking Infrastructure
5G Market – By Industry Vertical
Smart Transportation & Logistics
Building & Home Automation
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