Pulished Date September, 2019
ID: 8749
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5G Services Market By Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA) and Region - Global Industry Analysis on Size, Growth, Share, Trends, Demand, and Competitive Strategies Forecast Report 2019 - 2024

Pulished: September, 2019
ID: 8749
Pages: 170

5G Services Market Demand and Growth Insights:

5G Services Market value was estimated at USD 51 billion in 2019 and expected to reach 123.26 billion by 2024, growing at the rate of 18% CAGR. The increasing demand for high-speed data connectivity for IoT-based (smart home energy management) applications is estimated to propel 5G services 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.

In addition to energy & utilities and healthcare, transport & logistics is another vertical industry which could provide potential 5G services. For example, the V2X communication concept has prepared the way for autonomous and connected vehicles. 5G facilities would play a critical part in ensuring seamless communication between the V2I and the vehicle-to-vehicle (V2V) to decrease the chance of road accidents. The growing emphasis on guaranteeing safe and improved driving experience with connected vehicles is expected to drive 5G Services Market growth over the forecast period. In public transport applications, the next-generation 5G systems are increasingly used. These techniques provide high-speed Internet access to amusement, data, and communication with intelligent mobility parts, for government transportation applications such as buses and high-speed railways. Besides, the 5G services market growth in the forecast period will be fueling.

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 5G services 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 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.

Research Methodology:

  • Market research involves studying market trends, growth patterns, and understanding the influence of variables like macro and microeconomic conditions, geopolitical and demographic conditions on the market value and market dynamics.
  • The research methodology used to calculate and forecast the 5G Services market began by collecting information on the market key player's sales using multiple sources via secondary research. To identify market segmentation, supplier offers have been considered.

Recent developments:

  1. The Enterprise (EE) section of the BT Group plc purchased a spectrum of 40 MHz in April 2018 of 3,4 GHz (3540-3580MHz) for about USD 426,5 m.
  2. To deliver 5 G technology facilities in the UK, the firm intends to exploit the Spectre.

5G Services Industry Drivers, Restraints, and Opportunities:


The 5G Services market size is exponentially expanding owing to the following:

  • Reliable and deficient latency connectivity facilities are increasing demand.
  • Expanding 5G Services implementation base and fast technological progress.
  • Fast growth in the growth of IoT systems linked.
  • Increased information traffic continuously


  • In the coming years, the business development will be restricted by technical faults, item recalls, strict legislative landscapes and intellectual estate freedoms.
  • High setup cost.


  • Emerging markets growth possibilities.
  • Infrastructure projects for growth, such as smart towns.
  • The transition of legacy systems from on-site to cloud alternatives.

Market Detailed Segmentation:
Industry Analysis – By Vertical:

  • Smart Cities
  • Connected Vehicles
  • Connected Factories
  • Smart Buildings
  • Smart Utilities
  • Connected Healthcare
  • Broadband Services

Industry Analysis – By Application:

  • eMBB
  • MMTC
  • FWA

Geographical Segmentation of the Market:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Rest of the World

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. AT&T Inc
  2. BT Group plc
  3. China Mobile Ltd
  4. China Telecom Corporation Limited
  5. Bharti Airtel Limited
  6. KT
  7. Saudi Telecom Corporation
  8. Vodafone, Limited
  9. Deutsche Telekom Group
  10. SK Telecom Co., Ltd
  11. Verison Communications Inc

Key highlights of the research report:

  1. This report provides a detailed quantitative analysis of the current market and estimates for the years 2019-2024, which help identify the prevailing market opportunities.
  2. Important changes in market dynamics.
  3. Report and evaluation of recent developments in the industry.
  4. Competitive intelligence helps to understand the competitive scenario in geographical regions.
  5. The key players in the market are described in detail in this report, and their strategies are analyzed in-depth to understand the competitive advantage of the market better.

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                                           

                2.1 Introduction                               

                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. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

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 Vertical                         

                                5.1.1 Introduction           

                                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 Application                 

                                5.2.1 Introduction           

                                5.2.2 eMBB        

                                5.2.3 MMTC       

                                5.2.4 URLLC        

                                5.2.5 FWA           

                                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 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Vertical

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Vertical

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Vertical

                                       By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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.                          

                                8.1.1 Overview 

                                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                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Vertical, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global 5G Services Market By Region, From 2019-2024 (USD Billion)
  2. Global 5G Services Market By Vertical, From 2019-2024 (USD Billion)
  3. Global Smart Cities Market By Region, From 2019-2024 (USD Billion )
  4. Global Connected Vehicles Market By Region, From 2019-2024 (USD Billion )
  5. Global Connected Factories Market By Region, From 2019-2024 ( USD Billion )
  6. Global Smart Utilities Market By Region, From 2019-2024 (USD Billion )
  7. Global Smart Buildings Market By Region, From 2019-2024 ( USD Billion )
  8. Global Connected Healthcare Market By Region, From 2019-2024 ( USD Billion )
  9. Global Broadband Services Market By Region, From 2019-2024 ( USD Billion )
  10. Global 5G Services Market By Application, From 2019-2024 ( USD Billion )
  11. Global eMBB Market By Region, From 2019-2024 ( USD Billion )
  12. Global MMTC Market By Region, From 2019-2024 ( USD Billion )
  13. Global URLLC Market By Region, From 2019-2024 ( USD Billion )
  14. Global FWA Market By Region, From 2019-2024 ( USD Billion )

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