Global 5G Services Market

Global 5G Services Market is expected to reach US$ 123.25 Bn by 2026 at a CAGR of 18% during the forecast period. 5G is the fifth generation of cellular mobile communications. It succeeds the 2G (LTE/WiMax), 3G (UMTS) and 4G (GSM) systems. 5G performance targets include energy saving, high data rate, cost reduction, reduced latency, higher system capacity, and massive device connectivity 5G Service Market The rise in demand for ultra-low latency connectivity and reliable services and increasing use of connected IoT devices are some of the driving factors expected to drive the growth of the 5G services market during the forecast period. Very high Disagreement related to industry standards between the operators and the chipset makers, High hardware price are some of the restraining factors that would hinder the growth of the 5G services market. Global 5G services market is segmented by application, Industry vertical and region. Among Verticals, the broadband vertical is expected to have large 5G service market size during the forecast period. Broadband vertical is expected to drive the revenues of a majority of telecos. However, the connected vehicle vertical is likely to reach at the highest CAGR during the forecast period, owing to the advent of autonomous vehicles. Based on Applications, the enhanced Mobile Broadband segment is expected to hold larger 5G services market share during the forecast period, while the Fixed Wireless Access segment is likely to grow at the fastest rate during the forecast period, owing to its high speed latent free service offerings, and remote area coverage. While using region, the 5G services market is classified into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Among these, North America is expected to account for larger market share during the forecast period. North America is advanced in terms of technology adoption and infrastructure. Some key players are Korea Telecom, Sprint, Saudi Telecom Company, SK Telecom, Telstra etc.

Scope of the 5G Services Market

Global 5G Services Market by Application

• mMTC and URLLC • eMBB • FWA

Global 5G Services Market by Industry Vertical

• Smart Cities • Connected Factories • Smart Buildings • Connected Vehicles • Connected Healthcare • Connected Retail • Smart Utilities • Broadband • Voice • Others(education, connected agriculture, aerospace and defense, and data centers)

Global 5G Services Market by Region

• North America • Europe • Asia Pacific (APAC) • Middle East and Africa (MEA) • Latin America

Key Players of Global 5G services Market

AT&T Airtel BT Group China Mobile China Telecom Deutsche Telecom du Korea Telecom Sprint Saudi Telecom Company SK Telecom Telstra Vodafone Verizon Qualcomm Technologies Integrated Device Technology Infineon Technologies International Business Machines Qorvo Xilinx Samsung Electronics Nokia Intel Anokiwave Broadcom Analog Devices

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