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5G Market Revenue to Surpass to US$ 23.95 billion by 2022 from US$ 2.56 billion in 2028

The "5G Market to 2025 by Networking Infrastructure (Small Cell, and Macro Cell); and Industry Vertical (Smart Automotive, Healthcare, Smart Transportation & Logistics, Consumer Electronics, Industry Automation, and Building & Home Automation) - Global Analysis and Forecast" 5G Market to 2025 - Global Analysis and Forecast by Networking Infrastructure, and Industry Vertical. 5G market is expected to grow to US$ 23.95 billion by 2025 from US$ 2.56 billion in 2020. The global 5G infrastructure market is experiencing an intense growth with regards to the investments, trials being carried out and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for 5G infrastructure consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many stakeholders in the 5G ecosystem who are involved in the end-to-end development of 5G technology and ensuring that the best service to be made available for the users by the first half of 2020. Government funding for research & development, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for 5G over the forecast period.

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key companies in the 5G market.

T-Mobile USA, Inc. Cisco Systems, Inc. AT&T, Inc. Qualcomm, Inc. Ericsson Huawei Technologies Co. Ltd. Verizon Communications, Inc. Nokia Networks Telefonica S.A. Orange S.A.

The report segments the global 5G market as follows:

5G Market - By Networking Infrastructure Small Cell Macro Cell Others

5G Market - By Industry Vertical Smart Automotive Healthcare Smart Transportation & Logistics Consumer Electronics Industry Automation Building & Home Automation Others

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The 4G LTE was developed with a view to satiate the growing internet speed requirements set by the popularity in the usage of various applications like Multimedia Messaging Service (MMS), wireless broadband access, video chat, HDTV content, mobile TV, Digital Video Broadcasting (DVB), and voice & data services. The advent of IoT and Big Data in the recent times have propelled surge in the number of devices being connected over the internet. In addition to the rising smartphone penetrations, the increase in the number of devices connected over the internet has resulted in explosion of data resulting in the existing networks to be incapable of handling such a large traffic. Inefficiencies in the existing 4G networks, higher power consumptions, and lower speeds demanded for a new standard to be developed by the telecommunication bodies and called for standardization in the new developed standard. The advent of 5G could have a significant impact not only in the technical realm, but also on different countries' economic and social development. 5G targets a very large number of sectors and, through society's digitization, is expected to contribute to countries' economic growth.

Competitive Scenario

The 5G infrastructure market has been segmented on the basis of networking infrastructure and industry verticals. A typical networking infrastructure consists of many components such as base stations, base station transmission system, cooling equipment, radio access network and the core network. With a need to lower the power consumption costs and the maintenance costs, most of the above components are virtualized and operated through a central cloud model in the 5G architecture. Operations through a cloud model ensures reduction in the costs incurred for cooling equipment and the subsequent power consumptions by the cooling equipment at the cell sites. These components are replaced by extremely minimal macro cell sites that constitute the core network and small cells that are used near the end-user sites for better coverage efficiencies. Thus, the networking infrastructure segmentation of 5G market includes macro cells, small cells and others. Furthermore, the 5G market has been segmented on the basis of industry verticals into industry automation, smart transportation & logistics, smart automotive, healthcare, consumer electronics, building & home automation, and others.

Regional Analysis  The global 5G market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. The key players profiled in the report are Nokia Networks, Telefonica S.A., Ericsson, Verizon Communications, Inc., and T-Mobile USA, Inc. Also, Cisco Systems, Inc., AT&T, Inc., Qualcomm, Inc., Huawei Technologies Co. Ltd., and Orange S.A are other