The global 5G technology market is anticipated to record a CAGR of 73.61% during the forecast period, i.e. 2020-2028. International Telecommunication Union (ITU) stated the total number of individuals using the internet jumped from 29.3 units per 100 inhabitants in the year 2010 to an estimated 53.6 units per 100 inhabitants by 2019.
5G technology is projected to have a massive impact on next-gen infrastructures. It is likely to play an important role in powering future cities, industries, transport, homes, etc. The high-performance network capacity of 5G technology is prompting service providers and telecom operators to invest in the technology.