Growth of IoT Technology Would Open New Opportunities for 5G Infrastructure

2026-07-07 08:24:05 Technology

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According to the new market research report "5G Infrastructure Market by Communication Infrastructure (Small Cell, RAN, Macro Cell), Network Technology (SDN, NFV, MEC, FC), Chipset Type (ASIC, RFIC), Application (Automotive, Consumer Electronics, Retail), and Geography - Global Forecast to 2026", The 5G infrastructure market is estimated to be valued at USD 2.86 Billion in 2020 and it is further projected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. The major factors driving the growth of the 5G infrastructure market include increasing demand for mobile data services, rising importance of software implementation in communication network, growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.

Browse 69 Market Data Tables and 54 Figures spread through 189 Pages and in-depth TOC on "5G Infrastructure Market - Global Forecast to 2026"

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Consumer electronics expected to hold the largest share of the 5G infrastructure market

The growth of the market is attributed to the proliferation of 5G-enabled consumer electronics devices in the market. For instance, after the commercialization of 5G network connectivity, it is expected that there will be a high demand for 5G-enabled smartphones with high-speed Internet connectivity. This is one of the main drivers for consumer electronics application. This is one of the main drivers for consumer electronics application and hence estimated to hold the largest market share in 2020.

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The market for industrial automation expected to grow at a high rate between 2020 and 2026

This is because of the growing demand for process automation in various industries such as manufacturing and process industries. To carry out various processes effectively in these industries, the flow of data and information at right time and place is crucial. With the implementation of 5G network, a strong data network, in terms of high speed with the minimal delay, can be easily achieved.