New Delhi, April 18, 2022 (GLOBE NEWSWIRE) — The global 5G Infrastructure market’s growth is attributable to the growing usage of IoT connected devices, emerging technologies, demand for ultra-low latency, and the existence of large-scale companies in the sector…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global 5G Infrastructure market was worth USD 2,958.1 Million in 2021 and is anticipated to reach USD 39,283.8 Million by 2028 at a CAGR of 44.9% (2022-2028). Owing to the tremendous potential of 5G technology to deliver improved user experience for several cases, such as Ultra-high Definition (UHD) video, seamless video calling, Virtual Reality (VR) / Augmented Reality (AR) gaming, etc. The key players are constantly emphasizing on improving overall productivity, operational efficiency, and reducing costs. Owing to this, 5G infrastructure is expected to receive a boost during the forecast period.
Adoption Of Futuristic Technologies Coupled With Stable Network Connectivity Demand Driving The Market Growth
The large-scale integration of the latest technologies like Artificial Intelligence, Internet of Things, Machine Learning, cloud computing technologies, AR/VR gaming, etc. requires an uninterrupted network with faster internet connectivity and greater bandwidth. uninterrupted network with faster internet connectivity and greater bandwidth. The seamless 5G network is efficient in addressing the issues of these technologies. Moreover, the 5G infrastructure market is anticipated to transform various broadband services and strengthen connectivity across different end-user verticals. Major key companies are making massive investments in the development of 5G core services and architecture that also plays a vital role in the growth of the 5G infrastructure market.
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Frequency Band And Spectrum Availability Challenges Coupled With Data Concerns To Impede The Market Growth
With the transition from 4G to 5G, there is a growing demand for higher frequency bands and spectrums, thus reducing their availability and raising their prices. New use cases will emerge with the transition from 4G to 5G technology demanding for high-frequency bands. However, spectrum is being considered as a critical resource due to its availability and cost depending on which operators. Moreover, other factors like shortage of skilled labor, certain data privacy, and security concerns, etc. act as a challenge for the market growth of the 5G infrastructure market.
5G Standalone (NR + Core) Is Projected To Exhibit A Higher CAGR In 5G Infrastructure Market During The Forecast Period 2022-2028
Based on the network architecture, the 5G infrastructure market can be segmented into 5G NR Non-Standalone (LTE Combined) And 5G Standalone (NR + Core). Amidst the segmentation based on the network architecture, the 5G Standalone (NR + Core) is expected to have a higher growth rate in the coming years owing to 5G standalone being an independent network. The standalone network can interoperate with the existing 4G or LTE network in order to maintain a service continuum between these two network generations. The 5G non standalone accounted for the larger market share in 2021 due to the reason that it can leverage the existing 4G network infrastructure. It means that the providers can avoid completely reworking their core technologies to provide fast and reliable network.
Please Visit Press Release of 5G Infrastructure Market: https://www.blueweaveconsulting.com/press-release/global-5g-infrastructure-market-projected-to-reach-usd-39-283-8-million-by-2028
Above 6 GHz Or mm Wave Projected to Grow with A Higher CAGR During The Forecast Period
Based on the …