As cited by the research report titled ‘Global 5G network and tower deployment Market: Analysis By Frequency Band (Low, Medium, High), By Location, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global 5G network and tower deployment market amassed USD 1934.45 million in 2019 and is projected to expand significantly by the end of study duration.
 

Ongoing development in 5G-convergence services and integration of 5G in existing industries for better mobile telecommunication are the major factors driving the global 5G network and tower deployment market growth. In particular, with increasing adoption of 5G technology, existing ICT innovation services like self-driving cars, drones, smart factories, and healthcare are experiencing a tremendous change, thus positively swaying the market dynamics.
 

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Moreover, mounting internet demand and subsequent rise in by telecom operators to expand the network capacity, offer lower cost wireless & broadband services, suspend overage caps, and exempt withdrawal of service for those impacted by the Covid-19 virus are positively impacting the industry.
 

On the downside, with the Covid-19 disruptions, the worldwide smartphone units are likely to decline, although 5G network deployment is anticipated to continue and OEM’s are preparing to launch 5G phones.
 

Besides, the growth of 5G will continue to favor both users and suppliers of this technology and the operators and network providers will be able to improve the network performance, capacity and consumer experience.
 

Based on location, global 5G network and tower deployment industry is segmented into rooftop tower and ground tower. On the basis of the frequency band, the marketplace is divided into low, medium and high band.
 

Geographically, Asia Pacific (China, Australia, Japan, South Korea), Europe (Germany, United Kingdom), and North America (United States) are major contributors to the overall industry value. Of these, North America holds considerable market share and is poised to showcase lucrative growth trends over the forecast duration, as all prominent service providers in Canada and the U.S. are aggressively pushing for commercialization of 5G.
 

China Tower Corporation Limited, CTI Towers Inc., SBA Communications Corporation, Crown Castle International Corp., and American Tower Corporation are the prominent players influencing the worldwide 5G network and tower deployment industry dynamics.