5G Infrastructure Market is further projected to reach USD 33.72 Billion by 2026

| August 6, 2019

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The Global 5G infrastructure market is estimated to be valued at USD 2.86 Billion in 2020 and it is further projected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. Rising demand for high speed network in the era of IoT and importance of implementation of software’s in communication network will boost the Global 5G Infrastructure Market. Increasing machine to machine communication in organizations acts as driver to the 5G infrastructure market. Some of the prominent trends that market is witnessing include, rising network-based mobile service providers that are likely to launch 5G network commercially by 2020, growing smart cities and increasing government’s focus on digitalization. Major factors driving the growth of the 5G infrastructure market are growing demand for high speed & large network coverage, growing adoption of IoT and big data analysis, growing demand for connected vehicles & devices across the globe and increasing investments by the government.

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