The report predicts that the 5G infrastructure market will be worth US$80.5 billion by 2028
It is expected that from 2021 to 2028, it will grow at a
compound annual growth rate of 49.8%. It is predicted that communication
service companies have invested heavily in global deployment of 5G
infrastructure to provide better data services, which will promote the
development of the market.
According to a new study by Grand View Research, by 2028,
the global 5G infrastructure market is expected to reach 80.5 billion U.S.
dollars.
It is expected that from 2021 to 2028, it will grow at a
compound annual growth rate of 49.8%. It is predicted that communication
service companies have invested heavily in global deployment of 5G
infrastructure to provide better data services, which will promote the
development of the market. In addition, strong innovations in 5G network
equipment and deployment modules will help reduce the overall deployment costs
of service providers. Therefore, it is expected to promote the deployment of 5G
infrastructure during the forecast period.
The report pointed out that significant growth in demand for
high-bandwidth connections, such as access to ultra-high-definition video,
cloud-based AR/VR games and high-definition video conferencing, is expected to
drive market growth during the forecast period. In addition, many industries,
including manufacturing, oil and gas, mining, energy, and utilities, are
investing a lot of money to deploy 5G networks. 5G networks help industrial
facilities improve their overall productivity and operational efficiency.
Therefore, in order to establish a unified connection with millions of
industrial IoT devices, there is an increasing demand for high bandwidth
capacity, which is expected to promote market growth from 2020 to 2027.