5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services)- Global Forecast to 2025

According to Market Study Report, 5G Services Market provides a comprehensive analysis of the 5G Services Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the 5G Services Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global 5G Services Market is expected to grow from US$ 53.93 Billion in 2020 to US$ 123.27 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. The rising demand for reliable and ultra-low latency connectivity services, increasing use of connected Internet of Things (IoT) devices, and growing data traffic are some of the factors expected to drive the 5G services market.

"The enhanced Mobile Broadband (eMBB) segment to hold the largest market share during the forecast period"
The eMBB segment is expected to hold the largest market share during the forecast period. eMBB is initially considered as an extension to 4G services, and would be commercialized by late 2018 or early 2019. Therefore, due to the early adoption of this application, it is expected to hold the largest market share during the forecast period.

“North America to grow at the highest CAGR during the forecast period”
In terms of growth rate, North America is expected to grow at the fastest growth rate, due to its dominance via sustainable and well-established economies, which enable it to invest heavily in Research and Development(R&D) activities. Owing to the rising adoption of new technologies, such as IoT and smart cities, and increasing need for high-speed internet connectivity, telecom service providers have started trials and tests for 5G services.

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The break-up of the profiles of the primary participants is given below:
• By Company: Tier 1 – 25%, Tier 2 – 35%, and Tier 3 – 40%
• By Designation: C-Level – 45%, Director Level – 51%, and Others – 4%
• By Region: North America – 39%, Europe – 25%, APAC – 30%, and Rest of the World (RoW)–6%

The Study Objectives of this report are:
• To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
• To describe and forecast the 5G Services market, in terms of verticals and applications
• To describe and forecast the 5G Services market, in terms of value, by region–Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of reed sensor
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the reed sensor ecosystem
• To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the reed sensor market

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Key Players- AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom, Deutsche Telecom (Germany), du(UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK),Verizon (US).
Target Audience for 5G Services Market: Telecom infrastructure vendors, Device manufacturers, Telecom network operators, Technology investors, Telecom software solution providers, Research organizations, universities, and consulting companies, Cellular technology-related associations, organizations, forums, and alliances.

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This release was published on openPR.