Portland, OR, March 12, 2019 (GLOBE NEWSWIRE) -- According to this latest research study, the global 5G Infrastructure Market garnered $371.4 million in 2017 and is expected to register $58,174.6 million by 2025, growing at a healthy CAGR of 95.8% from 2018 to 2025.
The market growth is supplemented by the proliferation of M2M/IoT connections, and increase in demand for mobile broadband services. However, high investment and technological & infrastructure challenges in implementation of 5G network and privacy & security concerns are expected to impede the market growth. Furthermore, rise in government initiatives for building smart cities in Asia-Pacific is expected to provide lucrative opportunities for the market growth.
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5G technology in the healthcare industry vertical enables services such as remote patient monitoring, remote surgery, and others with the help of connected healthcare devices. For instance, in rural areas, it is not feasible for seasoned doctors located several miles away to reach the patients as it can be time-consuming. Although with the advent of telehealth and remote monitoring systems, patients can receive treatment from their homes. Doctors can recommend prescriptions and other information to patients with the help of video calls. This can save a significant amount of cost and time required in the conventional methods. In addition, with the use of 5G technology, transmission of large data files, communication in different languages, real-time remote monitoring, and others can provide lucrative growth opportunities for the 5G infrastructure market in the healthcare sector.
The 5G infrastructure market is segmented into communication infrastructure, network technology, chipset type, application, and region. Based on communication infrastructure, it is divided into small cell, macro cell, radio access network, and distributed antenna system. Based on network technology, it is categorized into software defined networking & network function virtualization, mobile edge computing, and fog computing. By chipset, the market is classified into application-specific integrated circuit, radio frequency integrated circuit, millimeter wave technology chips, and field-programmable gate array. Based on application, it is fragmented into automotive, energy & utilities, healthcare, retail, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in this report include AT&T, Ericsson, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise (HPE), Intel Corporation, Mediatek Inc., Nokia Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., and Verizon.
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