Global 5G Infrastructure Market Size, Share & Industry Analysis Report By Type (Private, and Pubic), By Component, By Spectrum (Sub-6 GHz, and mmWave), By Network Architecture (Non-standalone, and Standalone), By Vertical, By Regional Outlook and Forecast

The Global 5G Infrastructure Market size is expected to reach $302.32 billion by 2032, rising at a market growth of 29.2% CAGR during the forecast period.

Private segment is particularly attractive to industries such as manufacturing, logistics, mining, energy, and healthcare, where low-latency, ultra-reliable, and high-bandwidth communications are essential for mission-critical operations, industrial automation, and IoT deployments. The growth of the private 5G segment is further fueled by the availability of unlicensed and shared spectrum (such as CBRS in the U.S.), regulatory support, and advancements in network slicing, edge computing, and open RAN.

The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2024, Nokia came into partnership with Taiwan Mobile to launch an enhanced 5G network and upgrade 4G infrastructure. The collaboration includes deploying AirScale, Massive MIMO, and Carrier Aggregation technologies, aimed at improving capacity, coverage, and sustainability for Taiwan Mobile's 10 million customers. Moreover, In November , 2024, CommScope partnered with the Cleveland Cavaliers to enhance 5G connectivity at Rocket Mortgage Fieldhouses using its ERA DAS system. This all-digital solution supports all 5G spectrum bands, improving fan experiences with seamless mobile connectivity and reducing operational footprints.

KBV Cardinal Matrix - 5G Infrastructure Market Competition Analysis

Based on the Analysis presented in the KBV Cardinal matrix; Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd. and Cisco Systems Inc. are the forerunners in the 5G Infrastructure Market. In January, 2025, Huawei Technologies Co., Ltd. came into partnership with MTN and China Telecom to deploy Africa’s largest 5G private network for a South African mining company. This collaboration enhances connectivity, supports automation, and advances 5G infrastructure, driving digital transformation while ensuring environmental sustainability and industry innovation. Companies such as Hewlett Packard Enterprise Company and Nokia Corporation are some of the key innovators in 5G Infrastructure Market.

Market Growth Factors

Governments worldwide are crucial in accelerating 5G deployment by allocating spectrum, funding research, and easing regulations to facilitate network expansion. By providing financial incentives and regulatory support, they ensure faster, more efficient rollouts of 5G infrastructure. Spectrum allocation is critical for enhancing connectivity, reducing latency, and supporting emerging technologies like IoT, AI, and edge computing. Hence, as global demand for high-speed, ultra-reliable connectivity continues to rise, government-backed 5G initiatives will be crucial in shaping the future of digital transformation, enabling advancements in autonomous vehicles, AI-driven automation, telemedicine, and industrial IoT.

Additionally, The rapid expansion of the Internet of Things (IoT) is transforming industries and everyday life by enabling a vast network of interconnected devices that communicate in real-time. According to the World Bank’s Digital Progress and Trends Report 2023, in 2022, more than 13 billion IoT devices were in use. Driven largely by the real-time connectivity of 5G technology, these devices are expected to more than double between 2023 and 2028. Thus, as IoT continues to grow, the demand for 5G infrastructure will surge, enabling a future where seamless connectivity and intelligent automation drive innovation across every industry.

Market Restraining Factors

However, Unlike previous generations, 5G relies on a dense network of small cells rather than large cell towers, requiring extensive investments in infrastructure. Telecom operators must deploy thousands of small cell stations on streetlights, buildings, and utility poles to ensure seamless connectivity, significantly increasing capital expenditures. Additionally, fiber-optic cables play a crucial role in providing high-speed backhaul for data transmission, but many regions lack the necessary infrastructure, forcing providers to invest in laying new fiber networks. Hence, these cost constraints may impede the expansion of the market.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.

Type Outlook

On the basis of type, the market is classified into public and private. Telecom providers invest heavily in 5G rollouts, aiming to provide nationwide coverage for smart cities, mobile broadband, and digital services. The adoption of 5G-enabled devices, streaming services, online gaming, and cloud-based applications is fueling the expansion of public 5G networks, allowing users to experience seamless, ultra-fast internet connectivity.

Component Outlook

Based on component, the market is bifurcated into hardware and services. With the complexity of 5G networks requiring software-defined networking (SDN), network slicing, and cloud-native architectures, service providers played a crucial role in consulting, integration, and managed services. The rising demand for private 5G networks in manufacturing, healthcare, and smart cities also created opportunities for service providers to offer customized solutions and support.

Spectrum Outlook

By spectrum, the market is divided into sub-6 GHz and mmWave. mmWave, which operates in 24 GHz to 100 GHz frequency bands, delivers multi-gigabit speeds and extremely low latency, making it ideal for autonomous vehicles, AR/VR, high-speed broadband, and ultra-HD video streaming applications. Additionally, fixed wireless access (FWA) services, which provide fiber-like speeds without extensive infrastructure investment, gained traction, contributing to mmWave's revenue growth.

Network Architecture Outlook

Based on network architecture, the market is segmented into standalone and non-standalone. SA networks operate on a dedicated 5G core, making them ideal for industries requiring high security, automation, and real-time data processing. Sectors such as healthcare, automotive, smart cities, and industrial automation are increasingly adopting SA networks to support applications like AI-powered analytics, autonomous vehicles, and remote surgery.

Vertical Outlook

On the basis of vertical, the market is further classified into residential, enterprise/corporate, smart city, industrial, transportation & logistics, public safety & defense, healthcare facilities, retail, agriculture, energy & utility, and others. Consumers increasingly rely on 5G home broadband and fixed wireless access (FWA) for buffer-free video streaming, cloud gaming, and seamless connectivity across smart home devices. The growing penetration of 5G-enabled smartphones, smart TVs, and AI-powered voice assistants is accelerating demand for residential 5G services.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 41% revenue share in the market in 2023. Countries like China, South Korea, Japan, and India have aggressively deployed 5G networks with substantial investments from telecom operators and governments. China leads in base station installations, spectrum allocation, and industrial 5G applications, while South Korea and Japan have pioneered smart city initiatives and 5G-enabled consumer technology.

Market Competition and Attributes

The 5G Infrastructure Market sees intense competition among regional telecom vendors, startups, and niche technology providers. These companies emphasize innovation in small cells, open RAN, and edge computing to meet localized demands. The absence of dominant players creates space for collaboration and experimentation, driving agile deployments and diverse solutions across industries, though challenges in scalability and standardization persist.

Recent Strategies Deployed in the Market

• Nov-2024: Cisco Systems, Inc. and NTT DATA have expanded their partnership to deliver secure, scalable 5G connectivity solutions globally. Utilizing Cisco's eSIM technology, the collaboration simplifies mobile branch setup, network management, and enhances enterprise digital transformation across 180 countries.
• Oct-2024: Nokia Corporation has launched new industrial devices, including rugged field routers and explosion-proof devices, for private 4G/5G networks. These devices support Industry 4.0 applications, enhancing connectivity and safety in high-risk environments like mines, ports, and chemical facilities.
• Oct-2024: Samsung Electronics Co., Ltd. and KT have partnered to deploy a private 5G network for the Republic of Korea Navy's 'Smart Naval Port' project, enhancing defense operations with advanced technologies like digital twins, intelligent security, and battleship management, boosting connectivity and security.
• Mar-2024: Huawei announced its 5G-Advanced (5G-A) industry evolution strategy at MWC Shanghai 2024, emphasizing greener networks, AI-driven advancements, and enhanced connectivity. The event highlighted global operator collaborations, 3CC technology deployment, and 5G-A monetization strategies to accelerate digital transformation and network innovation.
• Jan-2024: Huawei Technologies partnered with Co. China Unicom to launch a pilot large-scale 5.5G network in Beijing, achieving 10 Gbps downlink peak rates and supporting applications like 3D, UHD, VR, AR, and XR. This network sets a benchmark for future 5.5G deployments in China.

List of Key Companies Profiled

• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Nokia Corporation
• Samsung Electronics Co., Ltd. (Samsung Group)
• ZTE Corporation
• Cisco Systems, Inc.
• NEC Corporation
• Fujitsu Limited
• CommScope Holding Company, Inc.
• Ceragon Networks Ltd.
• Hewlett Packard Enterprise Company

Global 5G Infrastructure Market Report Segmentation

By Type

• Private
• Pubic

By Component

• Hardware

Radio Access Network (RAN)

Core Network

Backhaul & Transport

FrontHaul & MidHaul

• Services

Implementation & Integration

Consulting

Support, Maintenance & Others

By Spectrum

• Sub-6 GHz
• mmWave

By Network Architecture

• Non-standalone
• Standalone

By Vertical

• Enterprise & Corporate
• Residential
• Industrial
• Transportation & Logistics
• Smart City
• Energy & Utility
• Public Safety & Defense
• Healthcare Facilities
• Retail & Others

By Geography

• North America

US

Canada

Mexico

Rest of North America

• Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

• Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

• LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

• Rest of LAMEA