Research shows: By 2027, the global 5G infrastructure market is expected to reach US$47.6 billion

A recent report released by Research And Markets predicts that by 2027, the global 5G infrastructure market size is expected to reach US$47.6 billion.

5G infrastructure is an advanced mobile communication technology that provides ultra-high bandwidth infrastructure for multiple vertical industries such as manufacturing, healthcare, and automotive. By supporting high-speed Internet services, 5G infrastructure helps meet future needs and create an atmosphere that promotes socio-economic changes in the market.

The report points out that today, the industry has established a digital path to achieve digital transformation through advanced communication networks, achieve real-time consensus between suppliers and customers, and improve productivity while ensuring data security. In particular, the outbreak of the new crown pneumonia epidemic has greatly changed the prospects of global 5G infrastructure.

The demand for 5G infrastructure has increased significantly with the development of telecommunication sector, especially mobile networks. In addition, the growing demand for high-bandwidth connectivity with low latency for applications such as drone connectivity and V2X is expected to drive the market growth.

The arrival of 5G is not just about increasing network speed, but will also give rise to technological upgrades for the entire industry ecosystem and create a huge market space.