5G NTN Market Projected To Reach USD 42.20 Billion By 2030
San Francisco, 28 Oct 2024: The Report 5G NTN Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Platform (UAS Platform, LEO Satellite, MEO Satellite, GEO Satellite), By Location (Urban, Rural), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030 The global 5G NTN market size to reach USD 42.20 billion in 2030 and is expected to grow at a CAGR of 33.5% from 2024 to 2030. The rising adoption of a software-centric approach is a significant factor contributing to the growth of the market. This strategy allows for greater flexibility and scalability in network management, enabling operators to rapidly deploy new services and adapt to changing market demands. By leveraging software-defined networking (SDN) and network functions virtualization (NFV), providers can enhance network performance and reduce operational costs, making 5G NTN solutions more attractive to various sectors, including enterprise and government. Anot