As cited by the business intelligence titled ‘Global 5G Network and Tower Deployment Market: Analysis By Frequency Band, By Location, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global 5G network and tower deployment market was worth USD 1934.45 million in 2019 and is predicted to accrue significant returns during 2020-2025.
 

Escalating demand for enhanced 5G convergence services, along with increasing integration of 5G with existing ICT innovation services are augmenting global 5G network and tower deployment market size.
 

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Moreover, rising internet penetration, and growing efforts of service providers towards expanding network capacity by offering affordable wireless broadband services and suspending overage caps are positively swaying the market dynamics.
 

Speaking of the factors restraining global 5G network and tower deployment market expansion, the unforeseen advent of the Covid-19 pandemic has disrupted the entire supply chain of the industry vertical, drastically affecting the deployment of smartphone units.
 

Based on frequency band, the market is bifurcated into high band, low band, and medium band. With regards to location, the industry is split into ground tower, and rooftop tower.
 

Moving on to geographical reach, Europe, Asia-Pacific, and North America are the key contributors to global 5G network and tower deployment industry valuation.
 

Among these, North America captures a majority portion of the overall industry share presently and is touted to grow tremendously through 2025. High concentration of leading service providers in Canada and U.S. is fostering the regional market expansion.
 

Elaborating on competitive hierarchy, Crown Castle International Corp., American Tower Corporation, SBA Communications Corporation, China Tower Corp. Ltd., and CTI Towers Inc. are the top companies influencing worldwide 5G network and tower deployment market trends.