5G Services Market Report Overview
The report provides an analysis of both the current and future conditions in the 5G Services market, delivering valuable insights and the latest information across essential segments. Within the context of the 5G Services market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the 5G Services market, including the projected 5G Services sales during the forecast period.
5G Services Market size was valued at USD 113.44 Bn. in 2023 and the total revenue is expected to grow by 28.90% from 2024 to 2030, reaching nearly 670.74 Bn.
5G Services Market Report Scope and Research Methodology
The primary goal of the 5G Services market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the 5G Services market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the 5G Services market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective 5G Services market entrants. Moreover, the global report for the 5G Services market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
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5G Services Market Regional Insights
In 2022, markets in Botswana, Guatemala, Lithuania, Malaysia, North Macedonia, Reunion, and Zimbabwe are expected to receive their first commercial 5G service. A few markets, including those in Africa and Central Asia, as well as Russia and India, have yet to see mass-market commercial launches, despite the majority of the industrialized world has launched 5G networks in some form. Although trials and spectrum releases are currently underway in some markets in these regions, poor network infrastructure and slow uptake of 4G are some of the reasons why some markets have not yet launched commercial 5G.
In 2022, Asia Pacific dominated the 5G services market with the largest market share and it is expected that it would continue to do so during the forecast period. The need for 5G services has grown as a result of the quick growth of infrastructure in countries like India, China, Japan, South Korea, and others, which has improved connectivity. In addition, a steady supply of 5G-enabled devices has been made available throughout the region thanks to the enormous internet user base and growing demand for smartphones with faster internet speeds. This is expected to raise the demand for connected device technologies, which would probably drive the growth of 5G services market through the forecast period.
5G Services Market Segmentation
by Communication Type
Fixed Wireless Access (FWA)
Ultra-reliable and Low Latency Communications (uRLLC)
Enhanced Mobile Broadband (eMBB)
Massive Machine-type Communications (mMTC)
the 5G Services Market is segmented into Fixed Wireless Access (FWA), Ultra-reliable and Low Latency Communications (uRLLC), Enhanced Mobile Broadband (eMBB), and Massive Machine-type Communications (mMTC). Enhanced Mobile Broadband (eMBB) segment held the largest market share accounting for 41.22% in 2023. The large proportion is ascribed to 5G network operators' initial focus on delivering better internet capabilities for applications like fast cloud gaming, augmented reality and virtual reality, UHD video, and uninterrupted video conversations. It is expected that the initial rollout phase will concentrate on a 5G wireless non-standalone deployment architecture. For both home and commercial use, eMBB offers incredibly fast broadband speeds.
by End Users
Consumers
Enterprises
the 5G Services Market is segmented into Consumers and Enterprises. Enterprises segment held the largest market share accounting in 2023. The most important benefits of 5G are estimated to come from its capacity to seamlessly connect infrastructures, machines, and things, not from connecting people. The basic platform for a number of new applications in industries including manufacturing, transportation, and healthcare will be 5G. The standards and capabilities needed to open up a new world of enterprise services are currently being developed. As a result, the execution stage of commercial 5G enterprise applications, including Industry 4.0 factories, autonomous driving vehicles, and robotic surgery, has already begun. Applications that require low latency and quick response times, including telerobotics and automated driving, would particularly profit from edge computing when combined with 5G network slicing.
by Enterprises
Manufacturing
Energy and Utilities
Media and Entertainment
Government
Transportation and Logistics
Healthcare
Others
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5G Services Market Key Players
1. Intel (United States)
2. Anokiwave (United States)
3. Broadcom (United States)
4. Analog Devices (United States)
5. AT&T (United States)
6. International Business Machines (United States)
7. Qorvo (United States)
8. Xilinx (United States)
9. Verizon (United States)
10.Sprint (United States)
11.Qualcomm Technologies (United States)
12.Integrated Device Technology (United States)
13.BT Group (United Kingdom)
14.Vodafone (United Kingdom)
15.Infineon Technologies (Germany)
16.Deutsche Telecom (Germany)
17.Ericsson (Sweden)
18.Nokia (Finland)
19.Airtel (India)
20.China Mobile (China)
21.China Telecom (China)
22.Korea Telecom (South Korea)
23.Saudi Telecom Company (Kuwait)
24.SK Telecom (South Korea)
25.Telstra (Australia)
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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