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Strong revenue groth forecasted for 5G networks

Streaming video and remote working drive strong 5G revenues

Worldwide 5G network infrastructure revenue will grow 39% to total USD19.1 billion in 2021, up from USD 13.7 billion in 2020. The revenue 2022 is expected to be USD 23.3 billion, according to a forecast by research and marketing firm Gartner.

“The COVID-19 pandemic spiked demand for optimized and ultrafast broadband connectivity to support work-from-home and bandwidth-hungry applications, such as streaming video, online gaming and social media applications,” said Michael Porowski, the company´s senior principal research analyst.

Gartner said communications service providers (CSPs) in mature markets accelerated 5G development in 2020 and 2021 with 5G representing 39% of total wireless infrastructure revenue this year.

The forecast says 5G is the fastest growing segment in the wireless network infrastructure market.

“Of the segments that comprise wireless infrastructure in this forecast, the only significant opportunity for investment growth is in 5G. Investment in legacy wireless generations is rapidly deteriorating across all regions and spending on non-5G small cells is poised to decline as CSPs move to 5G small cells.”

Regionally, CSPs in North America are set to grow 5G revenue from USD 2.9 billion in 2020 to USD 4.3 billion in 2021. In Western Europe, CSPs will prioritize on licensing spectrum, modernizing mobile core infrastructure and navigating regulatory processes with 5G revenue expected to increase from USD 794 million in 2020 to USD 1.6 billion in 2021.

Greater China is expected to maintain the No.1 global position in global 5G revenue reaching USD 9.1 billion in 2021, up from USD 7.4 billion in 2020.

 

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