The Business Research Company Global 5G Infrastructure Equipment Market Report 2021: Growth and Change of COVID 19 to 2030
LONDON, GREATER LONDON, UK, July 29, 2021 /EINPresswire.com/ – Huawei and China Unicom Beijing say they have implemented a 5G super uplink at more than 1,000 retail locations in Beijing. This is part of their joint 5G Capital initiative which launched in April of last year. Implementation of the service began on a small scale in May 2021 this year and is said to have covered more than a thousand commercial sites in several high-density areas over five days in July. China Unicom claims improved network performance of Super Uplink users, with a 10-40% increase in the overall uplink rate. The 5G super uplink is a milestone in the 5G investment project and is expected to help China Unicom and Huawei build 5G networks with enhanced uplink capabilities. The increase in shares of these companies is imminent as the market for 5G infrastructure equipment is expected to grow significantly, according to the latest report from The Business Research Company.
According to global market model data, the 5G infrastructure equipment market size is expected to grow from $ 3.46 billion in 2020 to $ 5.86 billion in 2021 at a whopping growth rate of 69.4% . Asia-Pacific was the largest region in 2020, covering over 80% of the market and is expected to remain the largest for the near future. Other regions, including South America, are expected to gain ground in 2021 and increase their share in the future.
The Internet of Things (IoT) that has transformed the lives of businesses and people continues to spark innovation. The IoT represents one of the main growth opportunities for 5G telecommunications service providers. Several factors, including increased consumer and business demand and the availability of more affordable devices, are driving the adoption of the Internet of Things, which in turn is expected to boost 5G infrastructure. 5G will be largely powered by IoT applications such as remote healthcare, security and traffic control, smart grid automation, industrial applications and control, as well as manufacturing, training, surgery and distance education. The growth of IoT technology will drive significant operator investments in 5G technology, spectrum and infrastructure.
The delay in standardizing spectrum allocation challenges the growth of the 5G infrastructure market. Large amounts of new radio spectrum have been allocated to 5G. 5G can be in a low band spectrum below 1 GHz, mid band frequencies from 1 GHz to 6 GHz, or a high band spectrum above 6 GHz. Rapid deployment of 5G is essential to meet the goals of telecom service providers, especially in emerging markets. However, there is a delay in auctions and spectrum standardization in many countries. One of the main reasons for the delay is the financial health of service providers, who are struggling to pay license fees and other penalties. Also, since the unit price of spectrum is high, some countries like India take the time to raise so much money for spectrum auction. In addition, long-term investment in 5G is sure to put more strain on operators’ finances. Therefore, there is a delay in the standardization of spectrum allocation. The delay in the use of spectrum for mobile broadband networks also comes at a significant cost.
Global 5G Infrastructure Equipment Market report is part of a series of new reports from The Business Research Company that provides 5G Infrastructure market overviews, analysis and forecast, size, share, players 5G infrastructure market, segments and geographies of 5G infrastructure market, revenue, profiles and market share of major market competitors.
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Global 5G Services Market Report 2021: Growth and Evolution of COVID-19 to 2030
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Global Communications Equipment Market Report 2021: Impact of COVID-19 and Recovery to 2030
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