5G Infrastructure Market to Reach $83.62 Billion, Globally, By 2030 at 45.3% CAGR: Allied Market Research
According to the report, the global 5G infrastructure industry was estimated at $2.06 billion in 2020, and is anticipated to hit $83.62 billion by 2030, registering a CAGR of 45.3% from 2021 to 2030.
- According to the report, the global 5G infrastructure industry was estimated at $2.06 billion in 2020, and is anticipated to hit $83.62 billion by 2030, registering a CAGR of 45.3% from 2021 to 2030.
- Increase in demand for mobile broadband services and proliferation of M2M/IoT connections drive the growth of the global 5G infrastructure market.
- The outbreak of the pandemic gave way to postponement of a number of industrial projects that call for 5G infrastructure, especially during the initial period.
- Based on communication infrastructure, the macro cell segment accounted for nearly two-fifths of the global 5G infrastructure market share in 2020, and is anticipated to rule the roost by 2030.