Portland, May 07, 2019 (GLOBE NEWSWIRE) -- According to the report, global 5G infrastructure market accounted for $371.4 million in 2017 and is projected to garner $58.17 billion by 2025, growing at a CAGR of 95.8% from 2018 to 2025.
Rise in penetration of M2M/IoT connections and increase in demand for mobile broadband services have boosted the growth of the global 5G infrastructure market. However, huge initial investment, rise in security and privacy concerns, and implementation challenges regarding technology & infrastructure hamper the market growth. On the contrary, surge in government initiatives for building smart cities in the developing countries is expected to create lucrative opportunities in the coming years.
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The global 5G infrastructure market is divided on the basis of communication infrastructure, network technology, chipset type, application, and region. Based on communication infrastructure, the market was divided into small cell, macro cell, radio access network (RAN), and distributed antenna system (DAS). The small cell segment held the largest share in 2017, contributing about two-fifths of the market and is estimated to continue its dominance through 2025. This is attributed to rise in demand for mobile broadband service and its ability to efficiently offer high-speed broadband. On the other hand, the RAN segment is expected to manifest the fastest CAGR of 108.0% during the forecast period.
Based on network technology, the market is bifurcated into software-defined networking (SDN) and network function virtualization (NFV), mobile edge computing (MEC), and fog computing (FC). On the basis of chipset type, the market is segmented into application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter wave technology chips, and field-programmable gate array (FPGA). The ASIC segment dominated the market in 2017, contributing nearly half of the market share, owing to rise in demand for custom chips. However, the FPGA segment is expected to portray the fastest CAGR of 109.6% during the forecast period, owing to its reprogramming characteristics.
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Global 5G infrastructure market report includes an analysis of the major market players including AT&T, Ericsson, Hewlett Packard Enterprise (HPE), Huawei Technologies Co., Ltd., Mediatek Inc, Intel Corporation, Qualcomm Technologies, Inc., Nokia Corporation, Verizon, and Samsung Electronics Co. Ltd.
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