Press release
5G Services Market: Predictable To Witness Sustainable Evolution over 2020-2030
The Business Research Company
The global 5G services market is expected to grow from $49.7 billion in 2019 to about $68.6 billion in 2020 as the demand for high-speed and better quality data services is increasing as people are staying indoors and spending more time on the internet for work as well as leisure purposes. The market is expected to stabilize and reach $128.1 billion at a CAGR of 26.7% through 2023.
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The 5G services market consists of sales of 5G and its related services. 5G is 5th generation services that evaluate networks to interconnect people, control machines, devices, and objects. 5G services will deliver the high levels of efficiency and performance that will empower to connect new industries and new user experience. 5G delivers the speed as high as 20 Gbps and is likely to refine a broad range of services in industries ranging from transportation to retail, education to entertainment, medical to an automotive and wide array of the internet of things (IoT).
The high cost of 5G smartphones and related devices is expected to limit the growth of the 5G services market in the coming years. According to executives of leading companies such as Xiaomi, Samsung and OnePlus in January 2020, the price of 5G smartphone chipsets is twice as costly as the price of 4G smartphone chipsets. Consequently, expensive parts result in a high cost of production leading to higher prices of 5G smartphones.
5G Services Market Segmentation: -
By Communication Type
1. Fixed Wireless Access (FWA)
2. Enhanced Mobile Broadband (eMBB)
3. Ultra-Reliable and Low Latency Communications (uRLLC)
4. Massive Machine-Type Communications (mMTC)
By End-User
1. Manufacturing
2. Energy & Utilities
3. Media & Entertainment
4. IT & Telecom
5. Transportation & Logistics
6. Healthcare
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Few Points From Table Of Content
1. Executive Summary
2. 5G Services Market Characteristics
3. 5G Services Market Size And Growth
4. 5G Services Market Segmentation
5. 5G Services Market Regional And Country Analysis
……
25. 5G Services Market Competitive Landscape
26. Key Mergers And Acquisitions In The 5G Services Market
27. 5G Services Market Trends And Strategies
28. 5G Services Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the 5g services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the 5g services market are AT&T, Verizon Communications, Inc., China Mobile, Vodafone, Telstra, China Telecom, Deutsche Telecom, SK Telecom, Saudi Telecom Company, T-Mobile USA Inc.
Contact Information:
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Americas: +1 315 623 0293
Email: info@tbrc.info
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About US:
The Business Research Company has published over 1000 industry rep orts, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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