Security News > 2021 > August > 5G infrastructure market size to reach $80.5 billion by 2028

The global 5G infrastructure market size is expected to reach $80.5 billion by 2028, according to a study by Grand View Research.

The significant investments by communication service providers to deploy 5G infrastructure across the globe to provide improved data services are estimated to drive the market.

Significantly growing demand for high bandwidth connectivity for several use cases, such as accessing ultra-high definition videos, cloud-based AR/VR gaming, and HD video meetings, is expected to boost the market growth during the forecast period.

Robust demand for 5G data services in rapidly building several smart cities for energy management and cloud storage applications is further anticipated to expand the market growth.

The ongoing pandemic of COVID-19 has shown an adverse impact on the market for the 5G infrastructure.

List of key players of 5G infrastructure market Huawei.

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