The ‘5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum—Global Forecast to 2030’ report reveals that the 5G infrastructure market is anticipated to reach $150.9 billion by 2030, with a CAGR of 34.8% during the period from 2023 to 2030.
Transition to 5G
5G infrastructure includes a network of small-cell and macrocell base stations, along with Radio Access Network (RAN), core network, and backhaul & transport elements. It marks a significant advancement from 4G LTE networks to the fifth-generation cellular networks. The global uptake of 5G infrastructure is driven by its capacity to deliver high multi-Gbps data speeds, ultra-low latency, superior reliability, extensive network capacity, and a uniform user experience.
Driving Factors
The market for 5G infrastructure is propelled by increasing demand for Machine-to-Machine (M2M) connections in the industrial sector and substantial investments by governments in 5G technology. The implementation of various smart city projects globally is also expected to create substantial growth opportunities. Additionally, the swift adoption of cloud computing among SMEs and the expansion of IoT technology are notable trends influencing the market.
