According to the research report titled ‘Global 5G Infrastructure Market Size study with COVID-19 Impact, by Communication Infrastructure (Small Cell and Macro Cell), Core Network Technology Type (SDN and NFV), End-User (Commercial, Residential, Government, Industrial) and Regional Forecasts 2020-2026’ available with Market Study Report, global 5G infrastructure market was valued at USD 9.77 billion in 2019 and is expected to grow with a CAGR of 29% during 2020-2026.
 

Rising demand from various applications including industrial, healthcare, and automotive, alongside constant evolution in Internet of Things technology are driving the growth of global 5G infrastructure market. Devices like robots and machines require high speed data to operate. This, along with growing government investments for establishment of infrastructure that can support 5G will propel the market growth. Consumer electronics companies are focusing on producing device like smartphones with 5G support, hence augmenting the market outlook.
 

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Although, growing prevalence of COVID-19 has compelled governments to impose lockdown and shutdown production units which will slow down the manufacturing and sales of 5G smart phones and other devices. Temporary closure of retail stores and rules for self-isolation has brought financial instability among the people. These factors in consort with delayed launch of 5G specifications are restraining the growth of 5G infrastructure market.
 

With respect to communication infrastructure, the market is segmented into macro cell and small cell. Based on core network technology, the industry is classified into NFV and SDN. With regards to end-user scope, the market is categorized into government, industrial, commercial, and residential.
 

As per the regional overview, global 5G infrastructure market is categorized into North America, Latin America, Asia Pacific, Europe, and rest of the world. North America market is slated to gain modest traction in the coming years, due to swift adoption of the technology along with a strong network infrastructure which can support 5G.
 

Meanwhile, Asia-Pacific 5G infrastructure market is anticipated to witness substantial growth over 2020-2026, owing to the opportunities created by increasing disposable income and growing investments in the 5G network in the region.
 

Leading players operating in global 5G infrastructure market include Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, AT&T Inc., Intel Corporation, MediaTek Inc., Samsung Electronics Co. Ltd., Nokia Networks, Hewlett Packard Enterprise Company, and Qualcomm Technologies Inc.