The implementation of 5G networks offers an array of opportunities for the key players in the space, especially because of demand in technical upgrade necessary for 5G. Of course, technology companies are the biggest beneficiaries of the growth in 5G infrastructure.
Therefore, it is crucial for investors to pay attention to specific segments in the technology sector that are well positioned to gain more by virtue of 5G products and services that they offer.
Future of 5G Infrastructure Market Looks Bright
The 5G infrastructure market is approximately valued at $784 million in 2019 and is expected to expand at a CAGR of 67.1% to reach $47,775 million by 2027, per Research and Markets. After all, 5G comes with lower lag time, which is a major reason for the initiatives to adopt it globally.
In addition, rise in mobile data traffic and increasing adoption of virtual networking architecture, there are also two other major factors boosting the 5G infrastructure market right now.