PUNE, India, July 13, 2020 /PRNewswire/ -- 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.
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.
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https://www.researchdive.com/covid-19-insights/307/5g-infrastructure-market#myQueryForm
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 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
- Mavenir
- Comba Telecom Systems
- CISCO
- CommScope
- NEC
- Nokia Networks
- ZTE
- Ericsson
- Samsung.
These players are adopting several strategies to sustain in the
COVID-19 pandemic.
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Study:
https://www.researchdive.com/download-sample/307
Post-Pandemic Scenario
As per the report, the global 5G infrastructure market is
anticipated to witness a robust growth post COVID-19 pandemic. The
growing demand for higher bandwidth data along with high speed is
expected to drive the growth of the global market during the
forecast period. Moreover, the rising demand of 5G technology in
media and entertainment centers is also predicted to propel the
growth of the global 5G infrastructure market after the end of
COVID-19 pandemic.
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and
authenticity of the services, the firm provides the services that
are solely based on its exclusive data model, compelled by the
360-degree research methodology, which guarantees comprehensive and
accurate analysis. With an unprecedented access to several paid
data resources, team of expert researchers, and strict work ethic,
the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications,
decades of trade data, and technical & white papers, Research
dive deliver the required services to its clients well within the
required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting
threatening hindrances. Complementarily, it also has a seamless
collaboration with the major industry aficionado that further
offers its research an edge.
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Mr. Abhishek Paliwal
Research Dive
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SOURCE Research Dive