Global 5G Services Market value was estimated at USD 60 billion in 2020 and expected to reach 146.37 billion by 2026, growing at the rate of 20% CAGR. The increasing demand for high-speed data connectivity for IoT-based (smart home energy management) applications is estimated to propel the market over the projection era. To enhance general productivity and operational effectiveness, many vertical industries are actively concentrating on technological transformation to maintain an extremely competitive atmosphere. The 5G wireless technology can assist achieve notable vertical changes by cutting general expenses and improving productivity. In the forecast period, further emphasis is anticipated on enhanced energy surveillance and energy management and greater control of energy generation and distribution network.
5G Services Industry Drivers, Restraints, and Opportunities
Smart mobile networks should communicate with further appliances, manage more information, decrease latency considerably and deliver new efficiency rates. 5G service market has been intended to satisfy these requirements through bandwidth bundling to increase velocity and variety. Moreover, increasing demand for mobile data traffic influences the growth of 5G services market worldwide, which is expected to increase considerably during the forecast period. Moreover, the demand of 5G service market is booming further, and this trend can be ascribed to robust development over the forecast period.
Furthermore, the growth of the market is booming further, with increasing demand for broadband facilities. The effect of this variable in the latest years is moderate and over the forecast period is expected to be substantial. The growth of 5G facilities worldwide is influenced by the increasing demand for high velocity and prominent network coverage.
5G Services Industry In-depth Analysis:
5G network promises to succeed 4G in terms of speed and application instances, including full high bandwidth, elevated density links, and ultra-low latency in the fifth generation of mobile cellular services. The low communication latency is a remarkable feature that differs 5G from its predecessor. Growing market growth is encouraged by the increased demand for credible and ultra-latent connectivity facilities. In addition to the rich user experience, exceptionally high information velocity would also revolutionize business models.
Several mobile services megatrends have also affected the worldwide 5G industry. The market for 5G service is also anticipated to boost rapid advances in IoT (Internet of Things). Unconnected systems hamper IoT applications. And the 5G bandwidth link is what IoT needs to perform seamlessly. It would assist in deploying more associated equipment without latency problems. Consequently, an increasing number of connected devices would boost 5G service market growth.
Market Size Available
2020 – 2026
2022 - 2027
By Vertical, Application, and Region.
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
AT&T Inc,BT Group plc,China Mobile Ltd,China Telecom Corporation Limited,Bharti Airtel Limited,KT,Saudi Telecom Corporation,Vodafone, Limited,Deutsche Telekom Group,SK Telecom Co., Ltd,Verison Communications Inc and Others.
The global 5G services market is segmented and sub-segmented as follows:
Regional and Country Level Analysis and Key Insights:
By 2020, the domestic economy of North America is anticipated to make up around 40% of the world economy. Some of the most significant developments in the deployment of 5 G networking infrastructure in the USA are anticipated to add to a growing area of the North American market over the forecast period with substantial investments in intelligent housing, the establishment of smart sectors and smart city development initiatives in the USA.
Keeping trail of the 5G network infrastructure in China, Japan and South Korea is aggression-free, in Asia-pacífico such as China Telecom, China Mobile, SK Telecom and KT Corporation. Most of these investments are expected to focus on deploying 5 G network infrastructure, including vertical sector infrastructure, for media & leisure, transport & logistics, healthcare, and production.
Leading Competitors Involved in this Research Report are:
1. 5G Services Market Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the 5G Services Market
5. Market Segmentation
5.1.2 Smart Cities
5.1.3 Connected Vehicles
5.1.4 Connected Factories
5.1.5 Smart Buildings
5.1.6 Smart Utilities
5.1.7 Connected Healthcare
5.1.8 Broadband Services
5.1.9 Y-o-Y Growth Analysis, By Vertical
5.1.10 Market Attractiveness Analysis, By Vertical
5.1.11 Market Share Analysis, By Vertical
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Vertical
18.104.22.168 By Application
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Vertical
188.8.131.52 By Application
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Vertical
18.104.22.168 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 AT&T Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BT Group plc
8.3 China Mobile Ltd.
8.4 China Telecom Corporation Ltd.
8.5 Bharti Airtel Lmt.
8.6 Saudi Telecom Corporation
8.7 Vodafone Limited
8.8 Deutsche Telekom Group
8.9 SK Telecom Co. Ltd.
8.10 Version Communications Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.