5G Infrastructure Market 2030: Europe's Path to Digital Transformation

The global 5G infrastructure market was valued at USD 16.69 billion in 2023 and is projected to experience a robust compound annual growth rate (CAGR) of 22.9% from 2024 to 2030. This growth is primarily driven by a surge in mobile data traffic and the expansion of smart cities supported by the increasing integration of Internet of Things (IoT) applications. Additionally, rising investments from governments and telecom companies into 5G infrastructure are expected to further fuel market expansion. The increasing demand for connected devices, including those used in smart buildings and remote healthcare, is also contributing significantly to the growth of the market. Over the past several years, global data traffic—particularly mobile data—has seen an exponential rise.

According to the Telefonaktiebolaget LM Ericsson Mobile Data Traffic Outlook report, by the end of 2023, total global mobile data traffic, excluding traffic from fixed wireless access, is projected to reach 130 exabytes (EB) per month. By 2029, this volume is expected to triple, reaching an impressive 403 EB per month. This sharp increase in mobile data traffic, combined with a growing preference for 5G networks, is creating substantial opportunities for market growth.

Moreover, the proliferation of smart cities in major economies such as the U.S., Japan, China, Germany, Italy, the UK, and India is accelerating the adoption of IoT technologies. These technologies are being utilized across a variety of critical applications, including transportation management, energy optimization, and enhancing public safety and security, all of which are helping drive the demand for advanced 5G infrastructure.

Gather more insights about the market drivers, restrains and growth of the Global 5G Infrastructure Market

Regional Insights

The 5G infrastructure market is anticipated to experience substantial growth across various regions from 2024 to 2030, driven by a combination of technological advancements, governmental initiatives, and increasing consumer demand for high-speed connectivity. Below is a detailed breakdown of regional trends shaping the market.

North America 5G Infrastructure Market Trends

In North America, the 5G infrastructure market is expected to see significant growth between 2024 and 2030, largely driven by the increasing number of 5G connections, which is fueling demand for 5G deployments across the region. According to a study by GSMA published in 2021, it is projected that 5G connections will represent 63% of all mobile connections in North America by 2025. The presence of major telecom companies such as T-Mobile USA, AT&T Inc., and Verizon Communications, Inc. will also play a key role in driving market expansion. Their investments in 5G networks and services are expected to further accelerate the region's adoption of 5G infrastructure.

U.S. 5G Infrastructure Market Trends

The U.S. 5G infrastructure market is expected to grow at a robust CAGR of 20.2% from 2024 to 2030. The demand for 5G is being driven by the technology's advantages, including high data speeds, ultra-low latency, massive network capacity, enhanced availability, and improved reliability. These features are critical in meeting the growing demands for next-generation services, which is helping to fuel market growth. As the U.S. continues to roll out 5G networks across the country, these factors will continue to contribute to the rapid expansion of the market.

Canada 5G Infrastructure Market Trends

Although the adoption of 5G in Canada has been relatively slower compared to other regions, the Canadian 5G infrastructure market is expected to grow significantly at a strong CAGR from 2024 to 2030. As 5G adoption accelerates, driven by its economic and technological benefits, opportunities for infrastructure development are set to expand rapidly. Increased investment in 5G networks and growing demand for faster, more reliable broadband services will be key factors in supporting this growth.

Asia Pacific 5G Infrastructure Market Trends

In 2023, the Asia Pacific region dominated the global 5G infrastructure market, holding a revenue share of 45.25%. Several factors are driving the market's growth in this region, including government initiatives to improve digital infrastructure in countries like China and India, as well as increasing internet penetration and demand for high-speed connectivity. The rapid deployment of 5G networks is accelerating the region’s digital transformation, which is expected to further boost market expansion. According to the Mobile Economy Asia Pacific 2023 report by GSMA, the percentage of 5G connections in the region is expected to rise significantly, from 4% in 2022 to 41% by 2030. This sharp increase is projected to drive continued growth in the 5G infrastructure market.

China 5G Infrastructure Market Trends

China, a major player in the global 5G infrastructure market, is expected to see significant growth, with a projected CAGR of 26.1% from 2024 to 2030. By the end of 2022, China had surpassed 2.3 million 5G base stations, with approximately 887,000 new stations built in that year alone, according to the Mobile Economy China 2023 report from GSMA. The rapid growth of 5G connections in China is a key factor driving the market's expansion, as the country continues to invest heavily in its 5G network and infrastructure to support digital transformation across various sectors.

Japan 5G Infrastructure Market Trends

Japan’s 5G infrastructure market is also expected to grow significantly between 2024 and 2030. The market will benefit from favorable government policies, which encourage the expansion of 5G networks, as well as strategic initiatives from major telecom providers aiming to enhance 5G connectivity across the country. These factors are contributing to the strong growth prospects for 5G infrastructure in Japan.

India 5G Infrastructure Market Trends

India's 5G infrastructure market is expected to experience rapid growth at a strong CAGR from 2024 to 2030. As telecom operators in the country invest heavily in 5G infrastructure to meet the growing demand for high-speed networks, the 5G adoption rate is set to increase significantly. India’s large population and growing demand for digital services are driving the need for faster, more reliable internet connections, further fueling the expansion of the 5G market.

Europe 5G Infrastructure Market Trends

Europe's 5G infrastructure market is poised for significant growth from 2024 to 2030, driven by the increasing consumer adoption of 5G technology and the substantial economic benefits it offers. Governments across Europe are investing in improving their network infrastructure, creating opportunities for the market to expand. The rollout of 5G services is expected to be a key driver for this growth, as it enables a wide range of applications across industries such as healthcare, manufacturing, and transportation.

United Kingdom 5G Infrastructure Market Trends

The 5G infrastructure market in the UK is expected to grow significantly between 2024 and 2030, driven by ongoing digital transformation efforts and the rapid rollout of 5G networks. As 5G adoption increases, both consumers and businesses will benefit from faster and more reliable internet services, providing a strong growth outlook for the market.

Germany 5G Infrastructure Market Trends

Germany's 5G infrastructure market is set to grow at a steady rate from 2024 to 2030. In January 2024, Telekom Deutschland GmbH expanded its 5G network to cover 96% of the population. Such initiatives are expected to significantly boost the demand for 5G services, further propelling market growth in the country.

Middle East & Africa (MEA) 5G Infrastructure Market Trends

The 5G infrastructure market in the Middle East and Africa (MEA) region is expected to experience substantial growth from 2024 to 2030. The increasing demand for faster broadband services is a major driver for the adoption of 5G technology in the region. Governments and private companies in the region are investing in the necessary infrastructure to meet this demand, creating significant growth opportunities for 5G providers.

UAE 5G Infrastructure Market Trends

The UAE's 5G infrastructure market is expected to grow rapidly at a significant CAGR from 2024 to 2030. Telecom companies in the UAE are actively collaborating and forming partnerships to roll out high-speed 5G broadband services, which is driving the expansion of the market. The country’s commitment to becoming a global leader in technology adoption, along with the growing demand for enhanced connectivity, is likely to sustain this growth trend in the coming years.

Each of these regions presents unique growth opportunities for the 5G infrastructure market, with factors such as government policies, telecom investments, and consumer demand all contributing to the rapid expansion of 5G networks worldwide.

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Key 5G Infrastructure Company Insights

Some of the key players operating in the market include Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., and Samsung Electronics Co., Ltd.

• Telefonaktiebolaget LM Ericsson provides Information and Communication Technology (ICT) services across the globe. The company’s range of offerings spans various areas, including cloud software and services, networks, enterprise wireless solutions, global communications platforms, technologies, and new businesses, as well as IPR licensing
• Huawei Technologies Co., Ltd. provides smart devices and information & communication technology components to communications service providers, government agencies, and business enterprises. The company carries out its business through five operating segments namely, Cloud Computing Business, Consumer Business, ICT Infrastructure Business, Intelligent Automotive Solution Business, and Digital Power Business

Key 5G Infrastructure Companies:

The following are the leading companies in the 5g infrastructure market. These companies collectively hold the largest market share and dictate industry trends.

• Huawei Technologies Co., Ltd.
• Samsung Electronics Co., Ltd.
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
• NEC Corporation
• Cisco Systems, Inc.
• Fujitsu Limited
• CommScope Inc.
• Comba Telecom Systems Holdings Ltd.
• Altiostar
• Airspan Networks
• Casa Systems
• Hewlett Packard Enterprise Development LP
• Mavenir
• Parallel Wireless
• JMA Wireless
• Ceragon
• Aviat Networks, Inc.

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