The network of small & macro cell base type stations with edge computing potential required for the fifth-generation technology standard designed for cellular networks is referred to as 5G infrastructure. It also offers low latency coverage for large data streams, which power applications such as semi-autonomous vehicles, augmented reality, and IoT devices.
Growth of the global 5G infrastructure market is anticipated to be driven by factors such as rise in demand for mobile broadband services and proliferation of M2M/IoT connections. Increased acceptance of virtual networking architecture in telecom industry, lower latency in 5G, and surge in mobile data traffic fuels the growth of the 5G infrastructure.
The global 5G infrastructure market size was valued at $2.06 billion in 2020, and is projected to reach $83.62 billion by 2030, registering a CAGR of 45.3% from 2021 to 2030.
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1. High-speed connectivity
2. Low-latency communication
3. Increased reliability
4. Scalability
5. Enhanced safety.
With 5G, machines and devices can communicate with each other in real-time, enabling faster decision-making and more efficient processes. The ultra-low latency of 5G is critical for industrial automation applications where split-second decisions can make all the difference, improving overall efficiency and productivity.
In addition, 5G infrastructure is designed to provide high levels of reliability and availability, which means that industrial processes can continue to operate smoothly even in the event of network outages or disruptions. The scalability of 5G also makes it an ideal solution for industries that are experiencing rapid growth and need to scale their operations quickly. Finally, the enhanced safety offered by 5G can improve safety in industrial settings by enabling machines to detect and respond to potential hazards more quickly.
As the manufacturing industry continues to evolve, the adoption of 5G infrastructure for industrial automation is becoming increasingly important. With the promise of faster, more reliable, and more efficient communication networks, 5G infrastructure is poised to revolutionize industrial automation and take manufacturing to new heights. The future of manufacturing is 5G, and companies that invest in this technology now will be better positioned to compete in the global marketplace.
5G Infrastructure Market By Region
5G Infrastructure Market Report Highlights
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