To cater to the needs of end users, Ciena Corporation, Samsung Electronics Co. Ltd., China Mobile Ltd., KT Corporation, American Tower Corp., Hewlett Packard Enterprise Development LP, Airspan Networks Inc., Cisco Systems Inc., NEC Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Affirmed Networks Inc., Telefonaktiebolaget LM Ericsson, and others are introducing new and advanced solutions and collaborating with other organizations to offer a strong 5G infrastructure.
For instance, in June 2019, AT&T Inc. entered into a collaboration with International Business Machines (IBM) Corporation to provide edge computing and wireless 5G networking for business entities. The end user segment of the 5G infrastructure market is categorized into government, commercial, residential, and industrial. Among these, the industrial category is projected to witness the fastest growth during the forecast period, owing to the increasing advancements in IoT technology and expanding opportunities in machine-to-machine (M2M) connectivity.
The defense, aerospace, healthcare, and automotive industries will become the leading beneficiaries of the 5G network, as it allows uninterrupted meetings, enhanced connectivity with IoT devices, and smooth networking during cloud computing. Globally, North America accounted for the largest share in the 5G infrastructure market in 2020, owing to the soaring investments being made by the governments of Canada and the U.S. in the development of 5G network infrastructure.
For example, in October 2020, the Federal Communications Commission (FCC) set up the 5G Fund for Rural America to infuse up to $9 billion in Universal Service Fund, which is available for deploying 5G network in rural areas. Additionally, the increasing adoption of IoT, AI, wearable technologies, and autonomous driving, will also support the 5G infrastructure market growth in the region.
Thus, the rising penetration of IoT-enabled and 5G-powered devices will encourage the establishment of a robust 5G infrastructure.
For instance, in June 2019, AT&T Inc. entered into a collaboration with International Business Machines (IBM) Corporation to provide edge computing and wireless 5G networking for business entities. The end user segment of the 5G infrastructure market is categorized into government, commercial, residential, and industrial. Among these, the industrial category is projected to witness the fastest growth during the forecast period, owing to the increasing advancements in IoT technology and expanding opportunities in machine-to-machine (M2M) connectivity.
5G Infrastructure Market Growth Prospects, Key Vendors, and Future Scenario
The defense, aerospace, healthcare, and automotive industries will become the leading beneficiaries of the 5G network, as it allows uninterrupted meetings, enhanced connectivity with IoT devices, and smooth networking during cloud computing. Globally, North America accounted for the largest share in the 5G infrastructure market in 2020, owing to the soaring investments being made by the governments of Canada and the U.S. in the development of 5G network infrastructure.
For example, in October 2020, the Federal Communications Commission (FCC) set up the 5G Fund for Rural America to infuse up to $9 billion in Universal Service Fund, which is available for deploying 5G network in rural areas. Additionally, the increasing adoption of IoT, AI, wearable technologies, and autonomous driving, will also support the 5G infrastructure market growth in the region.
Thus, the rising penetration of IoT-enabled and 5G-powered devices will encourage the establishment of a robust 5G infrastructure.
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