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North America 5g Infrastructure Market Forecast 2020-2025

The 5G infrastructure market of North America is estimated to register a CAGR of 60.18% during the projected period of 2020-2025. An increase in the demand for high data speed due to growth in the number of subscribers and upsurge in demand for machine-to-machine communication is expected to provide growth opportunities to the market in the region.

The North America 5G infrastructure market is segmented into the US and Canada for analyzing the growth further in these countries. Presently, Canada holds a small share in the market. But it is estimated to grow considerably during the forecast period due to the increasing number of smartphone users in the country. There is a rise in smartphone penetration in Canada owing to the development of new applications regularly. Canada is leading the way with a total of more than 75% of its consumers using smartphones. Telecom operators across the country are taking initiatives to stay ahead in the competition of deploying 5G services. In April 2018, a telecom operator in Canada, Rogers, announced its partnership with Ericsson for bringing 5G trials to Toronto. Ottawa, and other selected cities in 2019. The company also established the Rogers Center with 5G receivers and exhibited live examples of 5G, such as shopping in a virtual environment. Another telecom operator, Bell, in collaboration with Huawei, started using 3.5 GHz and 28 GHz spectrum for the 'Wireless to the Home' project to test high speed trials in the towns of Ontario. However, telecom operators are doubtful about the launch of 5G services in the country, since the federal government has not allocated 600 and 3,500 MHz spectrum band, which is a necessary step for 5G deployment. The Canadian government is taking initiatives to deploy 5G in the country as soon as possible.

Verizon Communications Inc, AT&T Inc, Cisco Systems, Inc, Intel Corporation, Qualcomm Technologies, Inc, etc. are some of the renowned companies operating in the market.

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North America 5g Infrastructure Market Forecast 2020-2025
Published By :Inkwood Research
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