Global 5G Infrastructure Market Analysis & Trends - Industry Forecast to 2030

Global 5G Infrastructure Market Analysis & Trends - Industry Forecast to 2030

5G Infrastructure: Market Size

From $34.22 billion in 2024, the global 5G Infrastructure market is projected to reach $129.91 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 24.9% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing adoption of machine-to-machine (M2M) connections, increasing acceptance of virtual networking architecture in telecommunications, and rapid growth of internet of things (IoT) technology.

Global 5G Infrastructure Market: Market Dynamics

5G infrastructure market is anticipated to revolutionize the domain of various broadband services and is supposed to empower connectivity across different end user verticals. Emerging business models and applications, along with falling device costs, have been instrumental in driving Internet of Things (IoT) adoption and consequently, the number of connected devices such as connected machines, cars, meters, consumer electronics, and wearable. While existing Wi-Fi, 4G and 3G, and wireless mesh networks are already being utilized in these smart devices around the globe, they are limited by the number of connections they can support, the data can transmit, and most importantly the speed that can offer, which are hurdles to the Internet of Things (IoT) revolution.

Industrial Revolution 4.0 is aiding cellular connectivity throughout the industry through the rise of IoT and machine to machine connections, which have been instrumental in propelling the market. This robust growth is anticipated to be driven by increased industry focus on deploying a connected ecosystem and the standardization of cellular IoT technologies.

On the other hand, the high initial capital outlay owing to the deployment of network architecture model and spectrum challenges is likely to obstruct the profit boundaries. In addition, rise in government initiatives for building smart cities in developing regions will further boost for the 5G Infrastructure market.

Impact of COVID-19 on 5G Infrastructure

The upsurge of COVID-19 is certainly anticipated to delay the implementation of the 5G infrastructure due to the disruptions in further trials and testing required for verifying the stability and processing performance of 5G standalone networks. This ongoing pandemic has had an additional impact with telecom regulatory authorities postponing their plans of the 5G spectrum auction, thus negatively impacting the market growth. For example, governments in a few key countries including Spain, Australia and France have temporarily postponed the spectrum auctions on several frequencies, such as mmWave and Sub-6 GHz. Moreover, due to the COVID-19 pandemic, key countries such as the U.S. and China have seen a robust decline in the exports of telecom equipment for 5G New Radios (NR) to the global market. The above mentioned factors are collectively expected to pose a challenge to the market growth, especially over the next couple of years due to the pandemic.

By Core Network Technology

Network Function Virtualization (NFV) Segment Dominate the Market in 2024

The network function virtualization (NFV) segment made huge revenue in 2024 and growing its prominence during the forecast period. The network function virtualization is created in such a way that a network operator can easily implement different network functions via software that can be accessible to run on standard server hardware and can be easily installed or shifted in different locations in the network as per requirement without the need to install new hardware equipment. Specifically, the network provider will no longer need to procure dedicated or application-specific hardware devices to build, add, or to offer new services. Owing to these factors, network function virtualization is gaining traction in the 5G network environment.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period owing to the impressive deployment of 5G New Radio infrastructure by major communication service providers, such as KT Corporation, China Mobile Limited, and NTT Docomo Inc. Furthermore, governments across countries such as China, Japan, and South Korea are highly focused on releasing multiple mmWave and sub-6GHz frequencies to cater to the growing need for high-speed data connectivity among subscriber bases. Accordingly, the market in the Asia Pacific region is anticipated to witness robust growth over the forecast period.

List of the Key Players Profiled in the Market Include:

• Affirmed Networks Inc
• Airspan Networks
• American Tower
• AT&T
• Ciena Corporation
• Cisco Systems
• Comba Telecom
• CommScope Inc
• Ericsson
• Extreme Networks
• Fujitsu Limited
• Hewlett Packard Enterprise
• Huawei Technologies Co., Ltd
• Junipe
• Korea Telecom
• Mavenir
• NEC Corporation
• Nokia Networks
• Samsung Electronics Co., Ltd
• SK Telecom
• Verizon Communications Inc
• VMware, Inc
• ZTE Corporation

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others