The global 5G infrastructure market is forecasted to reach a value of $150.9 billion by 2030, at an impressive compound annual growth rate (CAGR) of 34.8%. This remarkable growth can partially be attributed to the increasing demand for M2M connections within the industrial sector, government investment in 5G networks & smart city projects, and the rise of cloud computing & IoT technologies. In terms of segments, it is expected that the hardware segment will have the highest share within this market in 2023 and will also register the highest CAGR over this period. In terms of technology, the 5G NR Non-Standalone segment is expected to have largest share and register the highest CAGR over this same period. The Asia-Pacific region is leading this global trend with its 42.6% share of global 5G infrastructure market and highly promising growth rate in 2023. Most of these projects are being fueled by prominent players in this industry such as Ericsson, Cisco Systems, Huawei Technologies Co., AT&T Inc., Samsung Electronics Co., T‑Mobile US, Inc., Vodafone Limited, etc who are actively contributing towards making 5G a proper reality for many countries around the globe.
Government investment in technological advancement has also been a major driver for faster deployment of optical networks and communication services across many countries where access to technological infrastructures was heavily hampered until recently due to various reasons such as lack capital or technical expertise. Smart cities, growing number of connected devices across industries like healthcare or retailing, ever-increasing streaming media usage — all these trends further fuel the development of next generation network infrastructures whose backbone would be formed by capabilities offered by 5G networks. As more companies join in this race for 5G deployment and technological advancement, we can expect an even higher growth rate for the enviable position occupied by Asia Pacific region over coming years with billions more being invested in its already existing digital infrastructure. The next decade may well become another era when Asia-Pacific region emerges as one of most powerful regions economically driven by latest technologies including those enabled through ubiquitous high speed mobile networks created by 5G infrastructure investments around it.
In conclusion, the 5G infrastructure market is forecasted to reach a value of $150.9 billion by 2030 with Asia-Pacific region leading this growth trend backed by several prominent players in this industry as well as government investment towards technological advancement. Furthermore, increasing demand for M2M connections within the industrial sector, rise of cloud computing & IoT technologies, and government investment are all expected to contribute towards this remarkable growth rate. With such potential for further expansion, the 5G infrastructure market is scheduled to take off in the near future with a lot of long-term benefits for many countries around the globe.