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5G Network Equipment Market is anticipated to exhibit a CAGR of over 55% during the forecast period 2021-2031
5G network equipment offers various benefits such as easy setup and assembly, increased speed and bandwidth, as well as improved user performance, efficiency, and workflow. Huge adoption of advanced applications such as augmented reality, Internet of things, autonomous vehicles, and various technological enhancements is expected to result in steady demand growth for 5G network equipment.
Continuous developments and implementation of new technologies/products such as 5G technology and wireless technologies in 5G network equipment are creating opportunities for market players.
New 5G network equipment standards enable higher performance and promise convenience for users, as well as simplicity for provider and manufacturers. Advantages such as lower latency in 5G, growth in mobile data traffic, and growing adoption of virtual networking architecture in telecommunications are factors driving sales of 5G network equipment.
Increasing smartphone adoption and developing technology-friendly nature of the population in the Middle East , Africa , and Latin America regions, put forward a lucrative market for telecom infrastructure providers, which is largely untapped. With an effort to overcome the barriers to establish strong business alliances, a profitable business opportunity can emerge from these regions.
Persistence Market Research puts forward an unbiased analysis of the global market for 5G network equipment market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.
To understand the opportunities in the market, it has been segmented on the basis of products (small cells, AAU (active antenna units), BBU (baseband units), energy supply equipment, macro cells, RRU (remote radio units),RF filters, phase shifters, and others) and end use (commercial, industrial, government & defense, and residential), across major regions of the world ( North America , Latin America , Europe , East Asia , South Asia & Pacific, and MEA).
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