According to new research, the worldwide market for network equipment expanded by 15% in the fourth quarter of last year—and revenues in the space are set to grow by $25 billion over the course of the next five years. “When including 5G in the forecast, 2G/3G/4G/5G hardware revenue is anticipated to increase to $25 billion by 2022, with a five-year CAGR of -7.8%,” research firm IHS Markit wrote in a release issued this morning.
5G will drive global infrastructure revenues up $25B by 2022, IHS forecasts
