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How Does the Projected Market Size of the 5G Infrastructure Market Compare to 2025 Levels?
The 5G infrastructure market size has grown exponentially in recent years. It will grow from $18.73 billion in 2024 to $22.99 billion in 2025 at a compound annual growth rate (CAGR) of 22.8%. The growth in the historic period can be attributed to growing adoption of virtual networking, growing demand for process automation, rise in user expectations of service quality, and growing demand for high-speed networks.
The 5G infrastructure market size is expected to see exponential growth in the next few years. It will grow to $52.22 billion in 2029 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to increasing demand for connected devices, increasing preference for 5G networks, growing internet penetration, and increasing deployment of 5G infrastructure. Major trends in forecast period includes advanced telecommunication technology, adoption of 5G -enabled technologies, integration with edge computing, and innovation in 5G networks.
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What Are the Key Factors Contributing to 5G Infrastructure Market Growth?
The increasing demand for connected devices is expected to propel the growth of the 5G infrastructure market going forward. Connected devices refers to physical objects that can communicate with each other or with a central system via the internet or other networks. The demand for connected devices is rising due to the widespread adoption of the Internet of Things (IoT) to collect, share, and analyze data through the internet, making them smarter, more efficient, and capable of automation. 5G infrastructure boosts connected devices by enabling ultra-fast, low-latency, and high-capacity communication, ensuring real-time data transfer and seamless IoT integration across various sectors. For instance, in September 2024, according to IoT Analytics GmbH, a Germany-based non-governmental organization, by the end of 2023 there were 16.6 billion connected IoT devices, reflecting a 15% increase from 2022. Additionally, the number of connected IoT devices is projected to reach 40 billion by 2030. Therefore, the increasing demand for connected devices is expected to propel the growth of the 5G infrastructure market.
What Are the Core Segments Shaping the 5G Infrastructure Market Landscape?
The 5G infrastructuremarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Spectrum: Sub-6 GHz, Millimeter-wave
3) By Network Architecture: Centralized, Distributed, Cloud-Native, Virtualized
4) By End User: Telecommunications, Automotive, Healthcare, Manufacturing, Smart Cities
Subsegments:
1) By Hardware: Radio Access Network (RAN), Core Network Equipment
2) By Software: Network Management Software, Virtualization Software
3) By Services: Deployment & Integration Services
What Are the Significant Trends in the 5G Infrastructure Market Across Regions?
Major companies operating in the 5G infrastructure market are focusing on developing technological advancements such as 5G network architecture to enhance network performance, reduce latency, and support high-speed data transmission for applications such as IoT, autonomous vehicles, smart cities, and industrial automation. 5G network architecture is a scalable framework comprising the core network (5G C), radio access network (RAN), edge computing, and network slicing to enable high-speed, low-latency, and efficient connectivity for diverse applications. For instance, in November 2024, Viettel Group, a Vietnam-based telecom company, launched the world's first Open RAN (O-RAN) 5G network using Qualcomm Technologies' 5G RAN platforms. It offers several benefits, including increased competition, reduced costs, improved innovation, and enhanced network performance by allowing operators to choose components from multiple vendors. This approach also enables better scalability, energy efficiency, and customer experience through more flexible and interoperable network architectures.
Which Players Dominate the 5G Infrastructure Market Landscape?
Major companies operating in the 5G infrastructure market are Samsung Networks, AT&T Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, KT Corp., ZTE Corporation, Rakuten Mobile Inc., SK Telecom Co. Ltd., CommScope Holding Company Inc, Juniper Networks Inc., Ciena Corporation
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What Are the Regional Insights for the 5G Infrastructure Market Forecast?
Asia-Pacific was the largest region in the 5G infrastructure market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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