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Showing posts with the label 5G Infrastructure Market

Global 5G Infrastructure Market Analysis and Forecast

  The global   5G infrastructure market   was valued at approximately USD 16.69 billion in 2023, and it is projected to experience robust growth at a compound annual growth rate (CAGR) of 22.9% from 2024 through 2030. Several critical drivers are fueling this expansion, including the rapidly increasing volume of mobile data traffic and the widespread development of smart cities powered by Internet of Things (IoT) applications. Additionally, growing investments by governments and telecommunications companies in the deployment of 5G networks are expected to open up substantial growth opportunities for the industry. One of the major contributing factors to this growth is the rising demand for connected devices, which are essential for smart infrastructure such as intelligent buildings and remote healthcare services. Over recent years, global data traffic—particularly mobile data traffic—has grown exponentially, reflecting the surging use of mobile broadband and connected tec...

5G Infrastructure Market size is estimated to reach USD 95.88 billion by 2030

  5G Infrastructure Industry Overview The global 5G infrastructure market size was valued at USD 4.75 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 34.2% from 2022 to 2030.   5G infrastructure is mainly a combination of Radio Access Network (RAN), core network, and backhaul and transport. The backhaul and transport network includes fiber optics or microwave antennas. The growing demand for enhanced bandwidth connectivity with low latency for many mission-critical applications, such as vehicle-to-everything (V2X) and drone connectivity, is estimated to fuel the 5G infrastructure industry growth. Some of the largest economies, such as the U.S. and China, are expected to continue spending aggressively on provisioning healthcare facilities. For instance, the National Health Expenditure Accounts (NHEA) of the U.S. expect the overall healthcare spending in the U.S. to reach more than USD 16.0 trillion by 2030, nearly 32% of GDP.   Gat...