PUNE, India, Aug. 02, 2022 (GLOBE NEWSWIRE) — The global 5G infrastructure market Size is projected to reach $80.06 billion by 2027, with a CAGR of 71% between 2020 and 2027. The presence of several major players in the 5G sector favors global market growth. This information is published by Fortune Business Insights™ in its report titled 5G Infrastructure Market Forecast, 2020-2027. According to the report, the global market size in 2019 was USD 1.25 billion.

Key Industry Developments:

March 2020 – Nokia Network announced that it has partnered with Intel Corporation to advance 5G New Radio and cloud infrastructure. Through this collaboration, Nokia Network aims to develop custom ASIC solutions to expand the 5G ReefShark radio portfolio.

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The 5G infrastructure is a network made up of several small micro base stations. Variations in the proposal for standalone and non-standalone 5G infrastructures have expanded the scope of this concept. The massive investments in the construction of 5G infrastructures are a consequence of the enormous potential that the concept offers worldwide. The presence of several major players in this sector will favor the growth of the overall 5G infrastructure market.

Despite the obstacles and debates that have raised concerns about the implementation of 5G and its impact on human life, the concept will be widely integrated in the years to come. The growing demand for seamless network and internet connectivity will create a huge platform for the companies operating on this network.

Report scope and segmentation