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5G infrastructure market set for 28% growth - IT-Online

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Global 5G infrastructure market set for 28% growth ~

The global 5G infrastructure market size is expected to reach $95,88-billion by 2030, growing at a CAGR of 28,4% from 2023 to 2030, according to a new report by Grand View Research.

Businesses across the globe are increasingly focusing on leveraging the Internet of Things ecosystem to optimise their operations and improve overall performance. IoT comprises a network of interconnected devices equipped with sensors, software, and network connectivity, enabling them to gather and share information.

* The mmWave segment is anticipated to register the fastest CAGR over the forecast period. mmWave includes higher radio frequency bands ranging from 24GHz to 40GHz.

 

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