5G Network Infrastructure Spending to Almost Double in 2020
Gartner Inc, one of the world’s leading research and advisory firms conducted a study which concluded the Worldwide 5G network infrastructure market revenue will almost double in 2020 to reach $8.1 billion, according to the latest forecast by the organization. Though wireless infrastructure revenue as a whole is expected to reach 4.4% decline at $38.1 billion in 2020, 5G wireless infrastructure spending has gone up nearly 96%. In 2019, 5G network infrastructure only accounted for 10.4% of total wireless infrastructure revenue in 2019, in 2020 it’s projected to reach 21.3%. While 5G wireless infrastructure spending experienced growth, it was nothing compared to the 576% growth which took place in 2019. Other segments such as 2G (-40.8%), 3G (-37.1%), and 4G/LTE (-20.8) declined in it’s… read more