The report suggests that the global 5G infrastructure market will rise at a high CAGR of 76.29% during the forecast period, covering 2018 through to 2026. There is a massive demand for high speed internet among end-use industries and 5G infrastructure plays a crucial role in deploying such high speed internet services. The analysts in the report predict that the global market is anticipated to reach US$ 50,640.4 Mn by 2026, as against US$720.6 Mn in 2018.
"5G technology is expected to positively influence connected agriculture, smart cities, machine-to-machine communication, and home automation," says a lead analyst at Fortune Business Insights. "Moreover, some of the prominent challenges faced by organizations with regards to improving reliability, performance, and connectivity can be resolved through 5G infrastructure," he added.
According to the report, North America is expected to maintain its dominance in the global 5G infrastructure market. Early adoption of advanced technologies such as automation, IoT are significant factors driving growth. Growth in this region is also attributable to the rising demand for on-demand video services and rising trend of smart cities.
In Asia, 5G growth is complemented with strong LTE demand. Highlighting this is a recently published report from Dell'Oro Group that finds that healthy LTE growth and surging 5G investments in the Asia Pacific region added fuel to the Radio Access Networks (RAN) market upswing that began in the second half of 2018.
A key takeaway from the report is that the Asia Pacific region, including China, comprised more than 80 percent of worldwide RAN growth between 1H 2018 and 1H 2019.