Global 5G Infrastructure Market worth US$ 2.60 Billion 2020 with a CAGR of 76.12% - NewsBreak

The report "Global 5G Infrastructure Market, By Communication Infrastructure (5G RAN, 5G Core, Small Cell, Macro Cell, and Network Functions Virtualization Infrastructure (NFVI)), By End-user Industry (Automotive, Industrial, Consumer Electronics, Healthcare, Energy & Utilities, and Public Infrastructure), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2029? Global 5G infrastructure market accounted for US$ 2.60 billion with a CAGR of 76.12%. 5G technology is expected to offer a promising innovation revolution by bringing digital intelligence to previous analogue technologies. The deployment of 5G technology provides several advantages such as high-speed data transmission and higher efficiency as compared to 3G and 4G. 5G wireless network is expected to be the backbone of smart cities, which provides a lucrative opportunity for the growth of the market.