The process of the evolution of 5G infrastructure hardware components and the technologies of networking has considerably changed the global telecommunications industry in terms of cost-effectiveness, reduced latency, and convenience of the users. The usage for 5G infrastructure systems in a number of applications is expected to have a significant share in the next five years. This increase can primarily be attributed to the increasing consumer inclination towards low latency, and high-speed internet; and the trend of connected ecosystem with the growing IoT space.
The 5G infrastructure market has been tracked along the lines of communication infrastructure (radio access network, core network, and transport network), application areas, and regions. Revenue generated from various application areas, namely energy and utilities, industrial, automotive, and consumer electronics applications have been analyzed. The report also covers the 5G infrastructure market on a global scale and consequently provides revenue data of the key regions. A separate segment specifically has been dedicated to the key global regions: North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW).
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The radio access network plays an important role in the telecommunication system as it forms the connection between the device and the core network. The overall cost of a set-up depends significantly on the area covered for network distribution, and equipment like small cells, macro cells, and antenna systems, and others. As a result of the rising number of internet users, the need for faster network, and a harmonized spectrum has increased which is contributing to the growth of the 5G infrastructure market.
There is no doubt that the market has many factors responsible for the growth of 5G infrastructure systems, but there are certain restraints that could plague the 5G infrastructure market in the coming years. For example, the poor availability of fiber backhaul network in many countries, such as the U.K., has hindered the deployment of small cells for 5G networks. Also, a wide consumer acceptance for 5G networks with a need of device compatible with these networks plays a crucial role in the growth of this market.
