5G Infrastructure Market Booming With CAGR Of 48.8% By 2026 PR_Global 5G Infrastructure Market-converted

Global 5G Infrastructure Market Revenue to Register CAGR of 48.8% Over Next
10 Years - MarketResearch.biz
MarketResearch.biz announces publication of its most recently generated research report titled,
“Global 5G Infrastructure Market by Product Type (Communication Infrastructure, Network
Technology, and Chipset), By Application (Telecom Service Providers, Automotive & Transportation,
Energy & Utilities, Healthcare, Industrial Automation, Agriculture, Financial Services, Consumer
Electronics, and Others), and Region/Country (North America, Europe, China, Japan, Middle East &
Africa, India, South America, and Rest of the World) - Global Forecast to 2028.”, which offers a
holistic view of the global 5G infrastructure market through systematic segmentation that covers
every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to
be approximately US$ 15 Bn, which is expected to increase significantly over the latter part of the five-
year forecast period.
Global 5G Infrastructure Market: Introduction
5G is a technology standard that will drive innovation, efficiency, and productivity to a wide range of
business and industrial sectors. 5G infrastructure is an ultra-broadband network that is under process
to support the extremely high bandwidth and Future Internet on the global level.
Global 5G Infrastructure Market: Market Dynamics
Growing number of smart cities/smart homes in developed countries is a major factor expected to
drive growth of the global 5G infrastructure market. Smart homes and home automation solutions
enable controlling, monitoring, and automating functions in the home. Increasing adoption of
technologically advanced devices in order to automate a house or city, coupled with requirement of
high speed Internet are among some of the major factors expected to drive growth of the target
market in the years to come.
In addition, governments of countries in various regions are shifting to advanced network
infrastructure to improve quality of life of citizens, and are encouraging adoption of automation of
processes, and IoT platform to make cities smarter and to improve workplace productivity and results.
Digitalization helps federal and state governments to fulfill objectives with significantly increased
productivity and efficiency. Various agencies integrate cutting-edge technologies such as cloud,
Artificial Intelligence, Big Data, and automation along with modern management practices, which is
expected to boost demand for 5G technology resulting in need for infrastructure to support the
technology.
However, some developed and emerging countries are facing Right of Way issues, and there have
been legal plaints being initiated against the new order regarding the cap on how much can be charged
if a company wants to deploy a 5G receiver on public property.
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Global 5G Infrastructure Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global 5G infrastructure
market based on factors affecting the market and their impact in the foreseeable future. According to
the forecast projections, revenue from the global 5G infrastructure market is expected to expand at a
CAGR of 48.8% over the forecast period.
Global 5G Infrastructure Market: Segment Snapshot
The market report has been segmented on the basis of product type, application, and region/country.
The product type segment includes communication infrastructure, network technology, and chipset.