The global 5G and mobile network infrastructure market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A 5G and mobile network infrastructure include core network, radio access network (RAN), and transport technology owing to high throughput, high mobility, high connection density, and low latency solutions. This network infrastructure allows various industries and organizations to emerge M2M connections for better operating procedures. The rising demand for M2M connection in various industries is expected to boost the demand for 5G and mobile network infrastructure across the globe.
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The increasing implementation of advanced technologies including artificial intelligence (AI), virtual and augmented reality, and the internet of things (IoT), among other technologies has led to the demand for high speed and efficient communication network infrastructure. This factor will positively impact the market growth and create lucrative growth opportunities for the market. Additionally, the substantially rising data traffic and growing demand for efficient coverage are some key factors that are augmented to drive the global 5G and mobile network infrastructure market during the forecast period. The growing adoption of virtual networking infrastructure and advanced connectivity solutions in the IT and telecommunication sector is projected to boost the market growth during the forecast period.
Moreover, the key players operating in the global 5G and mobile network infrastructure market include AT&T Inc., ZTE Corp., Cisco Systems, Inc., and Nokia Corp., among others, adopted various strategies that include product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in September 2020, ZTE Corp. announced the launch of ZTE Axon 20, as the first 5G-enabled phone. The company is anticipated to commercialize its phone in various countries including China, the Nordic countries, and the Middle East region.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
· By Type
· By Application
· Competitive Landscape- AT&T Inc., ZTE Corp., Cisco Systems, Inc., and Nokia Corp., among others.
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Global 5G and Mobile Network Infrastructure Market Report Segmentation
By Type (Femtocell, Pico Cell, Micro Cell, and Macro Cell), By Application (Security and Surveillance, Smart Home, Logistics and Shipping, Autonomous Driving, Industrial IoT, Smart Cities, Healthcare and Others), Forecast (2021-2027)
By Type
· Femtocell
· Picocell
· Macrocell
· Microcell
By Application
· Security and Surveillance
· Smart Home
· Logistics and Shipping
· Autonomous Driving
· Industrial IoT
· Smart Cities
· Healthcare and Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
