North America 5G Network and Tower Deployment Market 2022 Size, Share, Analysis, Upcoming Trends, Latest Innovations, Growth, Key Players and Competitive Strategies by 2028

(Heraldkeepers via Comtex)

Pune, India – According to a new market study titled “North America 5G network and tower deployment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component, Location, Frequency Band, and Small Cell Tower,” the market is expected to grow from US$ 3,607.88 million in 2022 to US$ 7,100.97 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2022 to 2028. The report provides trends prevailing in the market along with drivers and restraints.

5G network is the fifth-generation technology for broadband connections in the telecommunication industry. According to Groupe Speciale Mobile Association (GSMA), there will be over 1.1 billion 5G network subscribers across the globe by 2025. There is a rising demand for advanced network services to enable efficient and real-time communication across industries and personal applications. The increase in investments by communication service providers (CSPs) and regional government bodies is further enhancing the development and deployment of 5G network services across developed and developing countries in North America. Major 5G network solution providers operating across the region include Verizon, AT&T, Huawei, Cisco Systems, Ericsson, and Nokia. The adoption of 5G is constantly growing across North American markets such as the US and Canada, owing to factors such as post-pandemic economic recovery, rise in adoption of 5G smartphones, and expansion of network coverage by CSPs. Moreover, the 5G network rollout by mobile operators in reasonable subscription plans for commercial and residential applications across North American countries is also contributing to the North America 5G network and tower deployment market growth. Additionally, the increase in research & development expenditure by CSPs is constantly enhancing the effectiveness of the 5G network technology. For instance, Qualcomm Technologies, Inc. integrated mmWave into its 5G offerings for optimal utilization of 5G network capabilities. The fixed wireless access systems integrated with mmWave technology can be deployed in cost-effective solutions when installed across a highly populated residential or commercial area.

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Companies Profiled in this report includes:

American Tower Corporation

CROWN CASTLE INTERNATIONAL CORP.

DISH Network L.L.C.

CommScope Inc.

Verizon

AT&T Inc.

Qualcomm Technologies, Inc

SBA Communications Corporation

Mavenir

Phoenix Tower International

North America 5G Network and Tower Deployment Market Segmentation

by Component

Small Cell

5G Mobile Core Network

Radio Access Network

Location

Ground Tower

Rooftop Tower

Frequency Band

Low Band

Medium Band

High Band

Small Cell Tower

Femto Cells

Pico Cells

Micro Cell

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COMTEX_411678155/2582/2022-08-05T11:18:27