The global 5G infrastructure market is estimated to value at nearly US$ 0.8 Bn in 2019, and is expected to register a CAGR of 48.8%.
On the basis of product type, the network technology segment is expected to contribute major revenue share in the global 5G infrastructure market and is projected to register highest CAGR of over 44% in terms of revenue over the forecast period.
Among the application segments, the telecom service providers segment is expected to contribute major revenue share in the global 5G infrastructure market, and is expected to register highest CAGR of over 43% in terms of revenue over the forecast period.
North America 5G infrastructure market is projected to grow at a significant rate over the forecast period, owing to increasing demand for 5G technology in the region due to its smart features such as high speed, high capacity, reduced latency, high resolution and larger bandwidth.
Key players operating in the global 5G infrastructure market include Intel Corporation, Telefonaktiebolaget LM Ericsson, ABB Ltd., Samsung Electronics, Amazon etc.