5G technology: A business leader’s guide
It’s still early days for 5G services, but as they’re being trialed and deployed, they’re on track to have a far-reaching impact for both consumers and businesses. This ebook looks at current and future 5G developments.
From the ebook:
It’s no secret that 5G is the next evolution for wireless connectivity, with the standards approved in June 2018. But it’s important to understand just how big 5G—and the technologies that power it—will become.
According to a report from MarketsandMarkets, the 5G infrastructure market will be worth $2.86 billion by 2020 and $33.72 billion by 2026, growing at a compound annual growth rate (CAGR) of 50.9%. The report cites the major growth drivers as increased demand for mobile data services, machine-to-machine communication, and a growing need for more speed and better coverage.
In terms of adoption by geography, the Asia-Pacific (APAC) region will grow the fastest during the forecast period, the report said. However, North America will hold the largest market share during that time.
The communication infrastructure that will power 5G is threefold. According to the report, small cell deployments will lead the market, with a $5.6 billion market size by 2026. The macro cell market will be valued at $2.9 billion, and the radio access network (RAN) market is predicted to have a value of $436.1 million by 2026.
For core network technologies, the report said, network function virtualization (NFV) will grow to the largest market size, built on a CAGR of 71.2%. Software-defined networking (SDN) will have the second largest market, but will only have a CAGR of 55.7%. The third largest market will belong to multi-access edge computing (MEC), with 65.8% CAGR. Fog computing (FC) will have the largest CAGR at 73.2%, but the smallest market size.