Increase in Mobile Traffic to Help 5G Infrastructure Market Grow Exponentially After COVID-19 Crisis
The COVID-19 pandemic has negatively impacted the global 5G infrastructure market. Nevertheless, the market is likely to recover by Q1/Q2 of 2023.
The global 5G infrastructure market is likely to observe a decline in the growth rate due to the COVID-19 pandemic. According to a new report added to Research Dive’s offerings, the global 5G infrastructure market is estimated to surpass $46,104.16 million and rise at a CAGR of 69.4% during the forecast period from 2019 to 2026. Though there is a decline in the growth rate, the industry is projected to recover swiftly by Q1/Q2 of 2023. Comprehensive analysis on drivers, restraints, growth opportunities, key segments, and strategies executed by major market players are further provided in the report to wisely understand the pandemic effect on the global market.
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Key Features of the Market
Our analysts stated that the rapidly increasing mobile traffic and rising demand for high speed internet services are the major factors estimated to boost the growth of global 5G infrastructure market post COVID-19 pandemic during the forecast period.
The predicted market size of the 5G infrastructure industry post COVID-19 pandemic is $1,149.85 million in 2020, which is a drastic decline from $1,277.6 million before the pandemic situation.
However, the shutting down of various industries due to COVID-19 spread and the high installation costs associated with 5G technology are the factors likely to restrict the market growth. Moreover, various 5G spectrum programs have been postponed due to the COVID-19 pandemic, which is a major threat for the growth of global 5G infrastructure market. For instance, the government of India has postponed the 5G spectrum auction.
Regional Analysis and Major Market Players
Regionally, the report divides the global 5G infrastructure market into North America, Asia Pacific, Europe, and LAMEA. The Asia-Pacific market for 5G infrastructure’s is estimated to exhibit a CAGR of 63.9% during the forecast period owing to the presence of mobile network companies and increasing investment by these companies in 5G technology.
Top 10 major players operating in the global 5G infrastructure market:
- Siklu Communication
- Comba Telecom Systems
- Nokia Networks
These players are adopting several strategies to sustain in the COVID-19 pandemic.
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