The 5G infrastructure market is estimated to be valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1% during the forecast period. Lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are among the major factors driving the 5G infrastructure market. Increasing M2M connections across various industries are also expected to fuel the growth of the 5G infrastructure market.
The 5G infrastructure market is moderately competitive, with a significant presence of multi-national, domestics, and start-up companies. Product launches and partnerships were the key strategies adopted by players to increase their shares in the 5G infrastructure market from 2017 to 2019. Product launches accounted for a share of 34% of the overall growth strategies. The 5G infrastructure market is concentrated with giant players, allowing them to invest heavily in R&D.
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Huawei (China) is the leader in the 5G infrastructure market. The company is a global information and technology solutions provider. It has about 36 joint innovation centers and 14 R&D centers, with a widespread presence and serves its customers in about 170 countries. The company is also among the major vendors of the telecom network infrastructure. The network equipment provided by Huawei has always been a major part of rollouts in APAC, Europe, the US, and other emerging regional markets across the world. Huawei is looking forward to working with its partners to activate transformation in enterprise collaboration and communication, serving various industries. It developed SingleRAN Pro to enable "Wireless First" approach for more services and help operators venture into new business opportunities. SingleRAN Pro features new 5G capabilities, which includes 10-fold network capacity expansion, 10 dB coverage improvement, 10 times better user experience, and introduces artificial intelligence (AI) to simplify networks.
Ericsson (Sweden) is a global provider of telecom-based services and equipment and operates across 180 countries in the world in the 5G infrastructure market; the company is mainly involved in working on 5G plug-in, Ericsson radio system, and building 5G network. The company is one of the key contributors providing innovative products to the 5G market, such as Ericsson AIR 6468 (5G New Radio) supports the 5G New Radio standard and long-term evolution (LTE). It primarily adopts inorganic growth strategies to further increase its business opportunities. The company collaborated with Intel Corporation in February 2019 to direct its developmental efforts in software-defined infrastructure (SDI) and Intel Rack Scale Design. Due to this, the resulting next-generation infrastructure platform is expected to deliver cloudlike agility, transparency, and efficiency required for Network Functions Virtualization (NFV), distributed cloud, and 5G.
5G Infrastructure Market by Communication Infrastructure (Small Cell & Macro Cell), Core Network (SDN & NFV), Network Architecture (Standalone & Non-standalone), Operational Frequency (Sub 6GHz & Above 6GHz), End User & Geography - Global Forecast to 2027
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