5G Infrastructure Market Size to Record 42.7% CAGR over 2024-2032; Demand for Ultra-Low Latency Features to Boost Market Development

The global 5G infrastructure market size touched USD 25.69 billion in 2023 and is predicted to reach USD 34.22 billion in 2024. The market is anticipated to touch USD 590.18 billion by 2032, recording a CAGR of 42.7% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “5G Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Communication Infrastructure (RAN, Transport Technology, and Core Technology), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6GHz), and High Band (24-40 GHz)), By Network Architecture (Non-standalone and Standalone), By End User (Residential, Commercial, Industrial, and Government), and Regional Forecast, 2024-2032”.

Advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Virtual & Augmented Reality (AR/VR), have gained significant traction in recent years due to the rising trend of digitization. These technologies require an efficient and fast-paced communication infrastructure to support their functioning. Moreover, many telecom companies are launching 5G-powered devices as they have recognized the potential of 5G technologies. These factors are expected to fuel the 5G infrastructure market growth.

COVID-19 Pandemic Slumped Rollout of 5G Networks Due to Government-Enforced Restrictions

The COVID-19 pandemic had a severe impact on several industries across the world. This period also halted the deployment of 5G infrastructure in many economies due to government-enforced restrictions to reduce the spread of the virus. These, and many other challenges posed by the outbreak forced countries, such as India, France, Spain, the U.S., and Austria, to postpone the auction of their 5G spectrum. These developments slowed the market growth.

Demand for Ultra-Low Latency Features to Boost Market Development

Advanced technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), connected devices, and Augmented & Virtual Reality, are being implemented on a large scale across the world. However, there are several industry verticals that have not been able to utilize the full potential of these technologies due to the issue of high latency. Hence, since 5G technologies offer ultra-low latency features, their demand will rise considerably, thereby boosting the market’s progress.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/5g-infrastructure-market-100869

Competitive Landscape

Companies to Focus on Creating Novel 5G Infrastructure Solutions

Some of the key players operating in this market are focusing on expanding their global presence by partnering with other companies in the industry. Organizations, such as Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Qualcomm Technologies, Nokia Network, ZTE Corporation, and Dell EMC, are providing innovative hardware and solutions, which can play a vital role in accelerating the market’s expansion.

Notable Industry Development:

• December 2022 – The European Commission awarded Cellnex, a Spanish wireless telecommunications infrastructure and service provider, six projects to improve the 5G infrastructure. Out of these six projects, four of them were cross-border transport corridors between France, Spain, and Portugal.

List of the Companies Profiled in the Report:

• Telefonaktiebolaget LM Ericsson (Sweden)


• Huawei Technologies Co., Ltd. (China)


• Nokia (Finland)


• ZTE Corporation (China)


• Samsung Electronics Co., Ltd. (South Korea)


• NEC Corporation (Japan)


• Mavenir (U.S.)


• Fujitsu (Japan)


• Qualcomm Technologies, Inc. (U.S.)


• Rohde & Schwarz (Germany)

Further Report Findings

• Asia Pacific is predicted to hold a dominant market share during the forecast period as the region has a large pool of leading 5G and communication service providers. Moreover, the adoption of advanced technologies, such as AI and IoT, has skyrocketed across the region, further boosting the regional market growth.


• North America is estimated to hold a sizeable share in the global market in the coming years, with the U.S. leading the regional market growth. The country is witnessing a strong demand for high data bandwidth as the average data traffic is increasing at a notable pace every year.


• The mid band (1-6GHz) segment is estimated to account for the largest market share during the forecast timeframe as this type of spectrum band provides improved indoor and outdoor network coverage and holds great potential for international harmonization.

Table of Segmentation