5G Network And Tower Deployment Market Is Set So Grow At The Fastest Rate To Reach US$17,785.55Mn By 2028
A new business intelligence report released by Premium Market Insights with title “5G Network and Tower Deployment Market Forecast to 2028 – Global Analysis – by Component, Location, Frequency Band, and Small Cell Tower,” says the 5G network and tower deployment market is expected to grow from US$ 9,211.96 million in 2022 to reach US$ 17,785.55 million by 2028; it is anticipated to register a CAGR of 11.6 per cent from 2022 to 2028.
5G Network and Tower Deployment Market report aims to deliver an opportunity for companies to recognize the modern trends, market size, growth, share, segments, key players, and technologies, future road map and forecast. The Study is segmented by major and emerging countries having high potential and elaborates qualitative and quantitative information including market size breakdown by revenue and volume (if applicable). The study precisely caters drivers, restrains to capture changing market dynamics affected in current scenario.
The adoption of 5G is constantly growing across markets in North America, such as the US and Canada, owing to factors such as post-pandemic economic recovery, rise in adoption of 5G smartphones, and expansion of network coverage by CSPs. Additionally, the 5G network rollout by mobile operators in reasonable subscription plans for commercial and residential applications across countries in North America is further contributing to the 5G network and tower deployment market growth. Additionally, the increase in research & development expenditure by CSPs is constantly enhancing the effectiveness of the 5G network technology. For instance, Qualcomm Technologies, Inc. integrated mmWave into its 5G offerings to optimize 5G network capabilities. The fixed wireless access systems integrated with mmWave technology can be deployed in cost-effective solutions when installed across a highly populated residential or commercial area
The global 5G network and tower deployment market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). North America has been the pioneer in the rapid adoption of new and advanced technologies over the years. The presence of multiple industries, constant investment by market players in technological advancements, and the rise in demand for fast data transmission from commercial and residential broadband subscribers are propelling the requirement for 5G networks across the region, thereby boosting the 5G network and tower deployment market growth.
The report segments the global 5G Network and Tower Deployment market as follows:
By Component (Small Cell, 5G Mobile Core Netork, And Radio Access Network)
By Location (Ground Tower And Rooftop Tower)
By Frequency Band (Low Band, Medium Band, And High Band), And Small Cell Tower (Femto Cells, Pico Cells, And Micro Cells)
Leading Players In The Global 5G Network and Tower Deployment Market are
Hemosoft
Cerner Corporation
Allscripts Healthcare, LLC
Haemonetics Corporation
Integrated Medical Systems
Soft Computer Consultants, Inc.
IT Synergistics
Pysche Systems Corporation
Wellsky
Sunquest Information Systems, Inc.
According to the GSMA report on Mobile Economy Middle East & North Africa 2022, The adoption rate of 5G in the Middle East & Africa is expected to grow to 17 per cent by 2025. 5G connections in the MEA are expected to reach 41 million by 2025 (49% of total connections). Countries such as Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE launched commercial 5G services at the end of March 2022. Libya, Tunisia, and Turkey operators have publicly announced plans to launch commercial 5G services in the coming years. Additionally, 5G coverage is ramping up. Bahrain and Kuwait became two of the first countries to record nationwide 5G coverage, while the UAE reached 90% 5G population coverage at the end of 2021. In Saudi Arabia, 60 of the 136 governates were covered by 5G services as of mid-2021.
This report covers the current scenario and growth prospects of Global 5G Network and Tower Deployment Market for the period 2022 to 2028. The study is a professional and in-depth study with around – no. of tables which provides statistics of actual scenario of industry and acts as valuable guide to direction companies and individuals interested in the domain.
Impact of COVID-19 Pandemic on Middle East & Africa 5G Network and Tower Deployment Market Players
The implementation of stringent measures such as factory lockdowns, business shutdowns, and travel bans aggravated the economic problems of the countries in the MEA, which hampered the 5G network and tower deployment market growth in the initial days of the pandemic. However, the growing digital transformation in the region has accelerated the outlook for the 5G network and tower deployment market players in the MEA from 2021.
Key Findings of Market Study
The countries in the Rest of MEA have experienced steady growth in 5G deployment and are currently at a developing stage. For instance, the National Telecommunications Regulatory Authority (NTRA) started selling 5G spectrum to Egypt’s four mobile network operators in early 2020’s. Morocco mobile network operators-Maroc Telecom, Orange, and Inwi-aim to develop 5G infrastructure in the country. The increasing investments and strategic developments by the local operators will further boost the 5G network and tower deployment market in the Rest of MEA.
Saudi Arabia ranks third globally and first in GCC countries in the 5G network and tower deployment market with more than 5,797 towers across 30 cities, according to the Kingdom’s Ministry of Communications and Information Technology. According to GSMA Intelligence data, 5G coverage was available to 78 per cent of the Saudi population in 2022. 5G is growing faster in Saudi Arabia, with plans to expand 5G services to the country’s population. In October 2022, Huawei Tech signed an agreement with Zain KSA to accelerate the rollout of 5G in Saudi Arabia. Under this agreement, the Saudi telecom firm Zain KSA deploys Huawei products in its national network as part of efforts to increase 5G capacity and coverage. Such growth prospects contributed to the growth of the 5G network and tower deployment market size in the country.
The UAE is a leader in 5G adoption in the MEA as the enterprises are investing heavily in digitizing their IT infrastructure. Etisalat became the first operator in the Middle East and Africa to launch a commercial 5G network in the UAE in May 2018. The pace of 5G implementation has accelerated since then. The UAE’s telecom regulator expects to bring all inhabited areas of the country under 5G network coverage by the end of 2025. In March 2022, Nokia signed an agreement with Etisalat UAE to deploy 5G private wireless networks to support enterprises across Abu Dhabi. Both companies aim to work together to support businesses in various industries, including ports, oil & gas, government, and critical infrastructure, by digitally transforming operations and embracing Industry 4.0 through 5G use cases. All such factors augment the growth of the 5G network and tower deployment market size in the country.
The 5G Network and Tower Deployment Market Report Addresses the Following Queries:
What is the estimated size of the 5G Network and Tower Deployment market by 2028?
Which segment accounted or a large share of the 5G Network and Tower Deployment market in the past?
Which segment is expected to account the largest market share by 2028?
Which governing bodies have approved the use of 5G Network and Tower Deployment?
Which region accounts for a dominant share of the 5G Network and Tower Deployment market?
Which region is anticipated to create lucrative opportunities in the 5G Network and Tower Deployment market?
In conclusion, the 5G Network and Tower Deployment Market report is a reliable source for accessing the research data that is projected to exponentially accelerate your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis is also incorporated in the report along with speculation attainability investigation and venture return investigation.
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