5G Services Market Size 2022, Top Companies Share, Industry Overview, and Analysis Report By 2027 | CAGR of 52%

According to the latest report by IMARC Group, titled "5G Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global 5G services market is expected to exhibit a CAGR of 52% during 2022-2027. 5G services refer to the fifth-generation wireless technology that is mainly designed to virtually connect devices, machines and objects together. They are widely adopted across the globe due to several advantages, including low latency, high network capacity and speed, and enhanced performance that enables improved user experiences. These services are based on the orthogonal frequency-division multiplexing (OFDM) technology, which is an advanced wireless communication solution providing an efficient modulation format to produce a high-data-rate communication system. As a result, their deployment aids in expanding the mobile ecosystem by facilitating remote healthcare services, digitized logistics, and seamless online payment methods.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Global 5G Services Market Trends:

The global market is primarily driven by the escalating demand for high-speed internet connectivity. This is supported by rapid innovations in the networking domain, along with the rising number of applications demanding a latent-free connection across multiple sectors. Besides this, rapid digitization across numerous industries and the increasing dependency on machine-to-machine (M2M) communication channels are creating a positive market outlook. Moreover, a considerable increase in voice-over long-term evolution (VoLTE) subscriptions across the globe are expected to boost the demand for 5G services. Furthermore, the growing investments by private and public firms for improving the overall digital infrastructure are acting as growth-inducing factors. Additionally, the widespread adoption of work-from-home models on account of the rapid outbreak of coronavirus disease (COVID-19) has significantly supported the growth of 5G services market. Other factors, including rapid urbanization, the increasing need for connecting geographically extended areas, the rising initiatives for smart city development and extensive research and development (R&D) activities conducted by key players, are also favoring the market growth.

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Global 5G Services Market 2022-2027 Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players:

• AT&T Inc.
• Bharti Airtel Ltd.
• BT Group plc
• China Mobile Limited
• China Telecom Corporation Limited
• Deutsche Telekom AG
• KT Corp.
• NTT Docomo Inc. (Nippon Telegraph and Telephone)
• Saudi Telecom Company
• SK Telecom Co. Ltd
• T-Mobile USA INC
• Verizon Communications Inc.
• Vodafone Group plc.

Breakup by Communication Type:

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable and Low Latency Communications (uRLLC)
• Massive Machine-Type Communications (mMTC)

Breakup by End-Use:

• IT and Telecom
• Media and Entertainment
• Automotive
• Energy and Utility
• Aerospace and Defense
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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