Analyst firm Persistence Market Research has revealed the forecast on the global 5G network equipment market.
The worldwide 5G network equipment market will grow to more than $18.20 billion in 2025 from over $1.1 billion in 2019 – at a CAGR of 59.3 percent during the forecast period 2019-2025.
The size of the 5G network equipment market in Asia Pacific will be over $10.30 billion in 2025.
5G network equipment market in Europe is projected to register a growth rate of 65 percent during the forecast period 2019-2025. Countries such as Germany, France, and the U.K. are leading in the race for early commercialization of 5G services.
