5G Infrastructure Market

5G Infrastructure Market Trends, Segmentation and Registering a Strong Growth by 2028 The 5G infrastructure market is foreseen to grow enormously through 2028 driven by exponential demand for greater bandwidth and speed capabilities. In addition, increasing government support to promote 5G deployment is primed to further fuel market growth over the forecast timeline. 5G networks provide higher speed bandwidth than existing LTE networks. During the COVID-19 outbreak, the industry witnessed a halt due to safety protocols and lockdowns. However, easing lockdown restrictions have boosted the adoption of wireless technologies, which has enhanced the focus on commercialization of the 5G infrastructure. Furthermore, governments are actively regulating easy market access to equipment for delivering telecom services at reasonable prices to customers. For instance, in May 2022, the Telecommunication Engineering Center (TEC), a technical division of the Department of Telecommunications (DoT), India, inked a Memorandum of Understanding (MoU) with VVDN Technologies, an Indian product engineering & manufacturing firm, to establish a 5G/ ORAN testing ecosystem via the public-private partnership program. © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Continue:- Similarly, in May 2022, the U.S. National Telecommunications and Information Administration (NTIA), launched a new broadband funding scheme dubbed 'Internet for All' with a USD 45 billion budget to promote network infrastructures in the region. Moreover, major players in the industry have been focusing on the development of secure and high-speed 5G broadband, along with strategic alliances with public and private organizations, which has been favorable for 5G infrastructure market expansion. To quote an instance, in December 2020, Affirmed Networks, a Microsoft subsidiary specializing in software for mobile carriers, partnered with Inventec, a Taiwanese manufacturer of consumer technology solutions, to provide secure 5G networks for their smart manufacturing. To cite another instance, in October 2021, Ciena Corporation, a telecommunications company, joined hands with Samsung Electronics Co., a South Korean multinational electronics corporation, to deliver 5G network solutions to the market. The agreement was purposed to expand 5G networks by leveraging the combination of the two firms' software and hardware solutions. © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

360° Industry Analysis In another instance, in February 2022, Airspan Networks, a U.S.-based telecommunications company, partnered with Cisco, a multinational technology firm, to participate in Cisco's Private 5G program that aims to accelerate 5G adoption of private networks for Industry 4.0 applications that require high speed, secure connectivity between machines to improve productivity and automation. The 5G infrastructure market has been bifurcated in terms of architecture, component, end-user, spectrum, and region. Based on component, the market has been segmented into hardware and service. The service segment is projected to grow at a CAGR of over 60% through the assessment timeframe driven by growing demand for commercialization of 5G network. With regards to region, the Latin America 5G infrastructure market is estimated to grow at more than 80% CAGR over the analysis timespan due to surging smartphone penetration in the LATAM region. Meanwhile, the Middle East & Africa 5G infrastructure industry is likely to witness robust growth at a CAGR of about 85% through 2028 on account of mounting development of smart city infrastructure in the MEA region. Request for customization:https://www.gminsights.com/roc/5258 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

5G Infrastructure Market