Los Angeles, December 4, 2019 – Adoption of a 5G network with high performance and reliability is likely to improve communication and network infrastructure over the next few years. According to a new report titled “Global 5G Base Station Market Size, Status and Forecast 2019-2025,” which is published by QY Research is for projected period of 7-years, i.e. during 2018 to 2025, states that the global 5G Base Station market was valued more than US$ 10 Bn in 2018 and is predicted to reach more than US$ 840 Bn by 2025. The global market is anticipated to exhibit a colossal CAGR of 50.1 % throughout the anticipated year. It is projected that in 2020 the 5G network will be fully commercialized as it will replace the old legacy network and services.
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Quality User Experience and Enhanced Connectivity to Offer Scope for Growth of the Market
The introduction of 5G services has led to increasing base stations, which offer better connectivity to improve real-time communication. 5G Base Station provides improvement in quality in terms of network coverage to offer better user experience, which is expected to positively influence the growth of the market. 5G networks offer speed to ensure better network performance further enhancing connectivity and efficiency. Various industries such as transport, education, retail, and entertainment are likely to benefit from innovation in communication and mobile network infrastructure offering immense scope for the growth of the market.
Improvement in Network Signal to Foster Growth of the Product Segment
Based on the application, the market is segmented into smart farming, smart home, industrial IoT, autonomous driving, and others. Based on product type, the market is segmented into Femto, macro, pico, and small. Femto base station offers small business or homes improved coverage to strengthen a weak signal. Other advantages such as network support and operating system support are expected to foster the growth of the segment.
Increasing Need for High-Speed Internet for Integrating Advanced Technologies is Driving Growth of the Market in North America
The huge number of already existing smartphone mobile users is likely to generate the need for enabling seamless connectivity resulting in the growth of the market in North America. The region benefits from the high demand for virtual reality (VR), augmented reality (AR), and entertainment. This necessitates the need for a high-speed broadband internet connection. Increasing the usage of connected machines with the integration of IoT technology is driving the growth of the 5G Base Station market in the region.
Key Players Focus on Developing 5G Base Stations for Large Scale Usage
Samsung, Huawei, ZTE, Ericsson, and Nokia are some of the key players operating in the global 5G Base Station market. Top players are focused on deploying simplified 5G Base station for large scale commercial use.
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