the surging use of 5G-based devices will fuel the 5G infrastructure market growth during 2021–2030. According to P&S Intelligence, the market generated a revenue of $1.5 billion in 2020. The rising penetration of 5G-enabled smartphones and other devices is creating a huge requirement for 5G subscriptions.
Due to the burgeoning sales of 5G subscriptions, many organizations, such as ZTE Corporation, are heavily investing in the development of 5G networks. In recent years, the increasing penetration of 5G-enabled devices and rising advancements in the field of telecommunications have resulted in the large-scale adoption of 5G standalone (NR+Core) network architecture.
Besides, the widening subscriber base of the 5G network will also boost the adoption of this architecture in the forthcoming years. Deployment of this network architecture offers network scaling to facilitate the changing network demands. Additionally, the growing use of AI, IoT, and 5G devices will also amplify the need for 5G NR non-standalone LTE combined network architecture in the foreseeable future.
At present, 5G network providing companies are increasingly focusing on the development of network slicing, due to the platform security, edge computing, near-real-time latency, cloud computing, and data security offered by this technique. Network slicing uses network virtualization to split single network connections into several virtual connections, to provide a different quantity of resources to various types of traffics.
This technique enables service providers to create a dedicated virtual network for specific purposes and as per the needs of customers. Thus, the burgeoning demand for 5G-enabled devices and the soaring popularity of IoT, AI, AR and VR technologies will fuel the need for 5G infrastructure in the foreseeable future.
