Businesses and consumers boost demand for 5G network infrastructure
Frost & Sullivan also projects the network infrastructure market will see over $80 billion annually in investments by 2026.
Technology / IIoT
SAN ANTONIO — Frost & Sullivan’s says its recent analysis of the global 5G network infrastructure landscape has found that global demand for 5G network infrastructure by communication service providers (CSPs) is considerable and driven by consumer and enterprise needs.
The consumer market pushed 4G revenues for CSPs and will still prove essential 5G according to Frost & Sullivan; however, there is little room for growth.
On the enterprise side, the growth potential is greater. As such, much of the emphasis of 5G is on enterprise requirements across various industry verticals, with both public and private 5G networks.
As enterprises require higher-density devices, lower latency, higher reliability and higher data transmission rates beyond what 4G can provide, transitioning to 5G is almost inevitable says Frost & Sullivan.
Such network infrastructure like radio access networks, transport networks and core networks are built to last for the long haul; therefore, Frost & Sullivan also projects the network infrastructure market will see over $80 billion annually in investments by 2026.
“The network infrastructure that enables 5G is only a few years old but is rolling out much faster than 4G did a decade ago,” said Troy Morley, senior industry analyst, Information & Communications Technology at Frost & Sullivan in a statement.
“The promise of 5G, both for consumers and enterprises, is yet to be realized but will be in the coming months in those geographies that are farthest along in their 5G journey.”