Global 5G Infrastructure Markets Report 2022-2030: Focus on Automotive, Energy & Utilities, Healthcare, & Retail Industries - Opportunities in the Rising Adoption of IoT Technology
DUBLIN, Aug. 15, 2022 /PRNewswire/ -- The "5G Infrastructure Market by Communication Infrastructure, by Technology Network, by Chipset Type, by Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global 5G Infrastructure Market size was valued at USD 1179.2 million in 2021 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.7% from 2022-2030.
5G is a major breakthrough in the telecommunication industry and is expected to revolutionize almost all other sectors as we know them. Demand for mobile data traffic is expected to increase multifold in the coming years. The legacy 4G networks are not able to keep pace with this demand, especially in dense urban areas.
5G wireless technology is designed to deliver higher speeds, greater bandwidth, ultra-low latency, more reliability, massive network capacity and a standard user experience to increased user base. Higher performance and improved efficiency would help to connect virtually everyone and everything together including machines, objects, and devices.
5G assures 10 times more speed than wireless connectivity, which is expected to eliminate latency and create seamless connectivity. It offer latency of 1 millisecond (ms) or lower, which is useful for end use applications that require real-time feedback.
The technological advancements along with expanding infrastructures, are expected to accelerate the growth of 5G infrastructure market over the forecast period. Also, increasing demand for no-buffer live video streaming, amplified use of social media sites and other such factors are substantially fueling the growth of 5G infrastructure market.
However, high-cost associated with replacing the legacy infrastructure with 5G infrastructures, along with privacy and security concerns may impede the market growth. On the other hand, upsurge in government initiatives to strengthen the communication infrastructure is expected to create ample of opportunities for the players in the 5G infrastructure market.
Global 5G Infrastructure Market - By Network Technology
Global 5G Infrastructure Market - By Chipset Type
Global 5G Infrastructure Market - By Application
Global 5G Infrastructure Market - By Geography
For more information about this report visit https://www.researchandmarkets.com/r/kgpoir
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SOURCE Research and Markets