1. Market Research
  2. > Advanced IT
  3. > Internet Of Things Market Trends
Global 5G Infrastructure Market Analysis & Trends - Industry Forecast to 2028

Global 5G Infrastructure Market Analysis & Trends - Industry Forecast to 2028

  • July 2021
  • 185 pages
  • ID: 5730267
  • Format: PDF
  • Accuray Research LLP


Table of Contents

5G Infrastructure: Market Size

From $1,289.68 million in 2020, the global 5G Infrastructure market is projected to reach $69,152.71 million by 2028. Based on our analysis the market is expected to grow at a CAGR of 64.5% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include growing adoption of machine-to-machine (M2M) connections, increasing acceptance of virtual networking architecture in telecommunications, and rapid growth of internet of things (IoT) technology.

Global 5G Infrastructure Market: Market Dynamics

5G infrastructure market is anticipated to revolutionize the domain of various broadband services and is supposed to empower connectivity across different end user verticals. Emerging business models and applications, along with falling device costs, have been instrumental in driving Internet of Things (IoT) adoption and consequently, the number of connected devices such as connected machines, cars, meters, consumer electronics, and wearable. While existing Wi-Fi, 4G and 3G, and wireless mesh networks are already being utilized in these smart devices around the globe, they are limited by the number of connections they can support, the data can transmit, and most importantly the speed that can offer, which are hurdles to the Internet of Things (IoT) revolution.

Industrial Revolution 4.0 is aiding cellular connectivity throughout the industry through the rise of IoT and machine to machine connections, which have been instrumental in propelling the market. This robust growth is anticipated to be driven by increased industry focus on deploying a connected ecosystem and the standardization of cellular IoT technologies.

On the other hand, the high initial capital outlay owing to the deployment of network architecture model and spectrum challenges is likely to obstruct the profit boundaries. In addition, rise in government initiatives for building smart cities in developing regions will further boost for the 5G Infrastructure market.

Impact of COVID-19 on 5G Infrastructure

The upsurge of COVID-19 is certainly anticipated to delay the implementation of the 5G infrastructure due to the disruptions in further trials and testing required for verifying the stability and processing performance of 5G standalone networks. This ongoing pandemic has had an additional impact with telecom regulatory authorities postponing their plans of the 5G spectrum auction, thus negatively impacting the market growth. For example, governments in a few key countries including Spain, Australia and France have temporarily postponed the spectrum auctions on several frequencies, such as mmWave and Sub-6 GHz. Moreover, due to the COVID-19 pandemic, key countries such as the U.S. and China have seen a robust decline in the exports of telecom equipment for 5G New Radios (NR) to the global market. The above mentioned factors are collectively expected to pose a challenge to the market growth, especially over the next couple of years due to the pandemic.

By Core Network Technology

Network Function Virtualization (NFV) Segment Dominate the Market in 2020

The network function virtualization (NFV) segment made huge revenue in 2020 and growing its prominence during the forecast period. The network function virtualization is created in such a way that a network operator can easily implement different network functions via software that can be accessible to run on standard server hardware and can be easily installed or shifted in different locations in the network as per requirement without the need to install new hardware equipment. Specifically, the network provider will no longer need to procure dedicated or application-specific hardware devices to build, add, or to offer new services. Owing to these factors, network function virtualization is gaining traction in the 5G network environment.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period owing to the impressive deployment of 5G New Radio infrastructure by major communication service providers, such as KT Corporation, China Mobile Limited, and NTT Docomo Inc. Furthermore, governments across countries such as China, Japan, and South Korea are highly focused on releasing multiple mmWave and sub-6GHz frequencies to cater to the growing need for high-speed data connectivity among subscriber bases. Accordingly, the market in the Asia Pacific region is anticipated to witness robust growth over the forecast period.

List of the Key Players Profiled in the Market Include:

• Affirmed Networks Inc
• Airspan Networks
• American Tower
• AT&T
• Ciena Corporation
• Cisco Systems
• Comba Telecom
• CommScope Inc
• Ericsson
• Extreme Networks
• Fujitsu Limited
• Hewlett Packard Enterprise
• Huawei Technologies Co., Ltd
• Junipe
• Korea Telecom
• Mavenir
• NEC Corporation
• Nokia Networks
• Samsung Electronics Co., Ltd
• SK Telecom
• Verizon Communications Inc
• VMware, Inc
• ZTE Corporation

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Industrial IoT Market Report: Trends, Forecast and Competitive Analysis

  • $ 4850
  • November 2021
  • 160 pages

Trends, opportunities and forecast in industrial IoT market to 2026 by end use industry (manufacturing, transportation, energy, retail, healthcare, and others), connectivity (wired and wireless), component ...

  • World
  • APAC
  • Industrial Robot
  • Healthcare
  • Industry analysis
  • Internet Penetration


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on