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...