The global 5G infrastructure market registered a revenue of nearly $760.5 million in 2019, and is anticipated to grow at 69.4% CAGR, surpassing $46,104.16 million by 2027.
The market is going to experience a negative impact in the 2020 due to the pandemic. Increasing investment for building infrastructure for 5G technology is predicted to hamper the market in the forecast period. Moreover, increase in mobile data traffic is predicted to drive the global 5G infrastructure market.
|Realtime BPS||*Estimated market Size, 2020,
|**Real Time market Size, 2020,
|68.3%||69.6%||115||USD 2,147.3 Million||USD 1,993.9 Million|
* The numbers are estimated prior to the COVID-19 Pandemic in 2020
** The data will vary depending on upcoming developments announced by the operating players
KEY ASPECTS OF THE INDUSTRY
BOOMERS AND DECLINERS
Increasing demand for high speed internet services among users across the globe is predicted to drive the market in the forecast period. The 5G technology is expected to deliver the data speed at a higher rate by improving the overall user experience and encouraging the data processing capabilities within the real time. Moreover, increasing IoT among users is also predicted to be the one of the major driving factors for the market in the forecast period. In addition, increasing mobile data traffic is predicted to drive the 5G technology market in the forecast period.
The investment cost of 5G technology is very high which is predicted to hamper the market growth in the forecast period. Huge infrastructure with large varieties of tower as well as equipment is required which makes the infrastructure cost very high. Moreover, due to higher installation cost the reach of 5G network to rural and under developed states is been restricted, which is predicted to be the biggest restraints for the 5G technology market.
It has been noticed that most of the devices currently in use are not supported by 5G technology, which is predicted to hinder the market in 2020. Most of the smart device manufacturers have stopped the manufacturing devices due to the lockdown, which has impacted the 5G technology market in 2020. Moreover, delay in the release of 5G spectrum is predicted to impact the market due to the pandemic.
Most of the telecom authorities of various countries across the globe have postponed the 5G spectrum and rollout plan in their countries, which has thereby impacted the 5G infrastructure market. For instance, Indian government has postponed the 5G spectrum auction. These decisions taken by the telecom authorities at the time of pandemic is predicted to hamper the market growth in the forecast period. Moreover, disruption of supply chain of the manufactured devices of the 5G technology is predicted to impact the 5G technology market in the forecast period.
MANAGING SUCCESS AMIDST
THE PANDEMIC STRESS
Presence of several channels which help in developing the telecommunication sector within the various region across the globe is predicted to drive the market in the forecast period. Increasing demand of higher bandwidth data with higher speed among the users is predicted to drive the 5G technology market in the forecast period. The increasing demand of 5G in media and entertainment centers vastly is predicted to drive the market in the forecast period.
5G standard across several end use industries makes quick connection possible which accelerates the development of applications at a faster rate and is predicted to create more growth opportunity in the forecast period. Moreover, with the help of 5G technology, the entire manufacturing supply chain will be interconnected due to which many end use industries will be benefited, which will eventually create more investment opportunity for the 5G technology market in the forecast period.
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- Long-term and Short-term impact of Covid-19 on the market
- Cascading impact of Covid-19 on the 5G Infrastructure Market , due to the impact on its extended ecosystem
- Understanding the market behaviour pre- and post-Covid-19 pandemic
- Strategic suggestions to overcome the negative impact on your business or turn the positive impact into an opportunity