Business

5G Market is Growing at a Fast Pace, Know the Key Factors by the Year 2025 to Get Ahead in the Business

The increasing demand for mobile broadband and IOT service is driving the worldwide 5G infrastructure market. The challenges of privacy and security that this technology represents is limiting its market growth. However, the increased involvement of governments in the emerging economies is making the way for the advancement of this technology. As of 2017, the global value of 5G infrastructure market was 371.4 million US$ and it is expected to reach 58,174.6 million US$ in 2025 with the CAGR of 95.8% from 2018 to 2025.

Small cell will be the type held two-fifths of the market share in 2017 and it will stay that way in 2025. The increase in demand for 5G is related to the fact that it offers high-speed broadband on mobile devices. The radio access network would see the highest growth CAGR of 108.0%. ASIC held half of the market shares of chipsets in 2017 and it will stay that way in 2025. FPGA will have the CAGR of 109.6% from 2018 to 2025.

As of 2017, Asia-Pacific held more than one-third of the total market shares and the position of it will remain the same due to the high amount of smart technology adoption in the Pacific region. The leading companies examined in this report include, Mediatek Inc. Ltd., Nokia Corporation, Ericsson, Intel Corporation, Qualcomm Technologies, Inc., Huawei Technologies Co., Verizon, Samsung Electronics Co. Ltd., Hewlett Packard Enterprise (HPE), and AT&T.

 

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