Press release
5G Services Market size was valued at USD 50 Billion in 2021, growing at a CAGR of 60.01% from 2022 to 2032: Evolve Business Intelligence
The increasing mobile network data traffic
• The growing need to transform the mobile broadband experience,
• Development of smart infrastructures
The development of smart infrastructures is the major factor driving the growth of the 5G Services market. Smart infrastructures can provide a higher capacity and higher speed than previous generations of wireless networks. They are also able to provide more reliable connections and support a greater number of devices.
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Key Highlights:
• The global 5G Services market size was valued at USD 50 Billion in 2021 growing at the CAGR of 60.01% from 2022 to 2032.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at a highest CAGR from 2022 to 2032
Key Players
The 5G Services market report gives comprehensive information about the company and its past performance. The report also provide a detail market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
● AT&T, Inc.
● BT Group plc
● China Mobile Ltd.
● China Telecom Corporation Ltd.
● Bharti Airtel Ltd.
● NTT Docomo
● KT Corp.
● Saudi Telecom Company
● Vodafone Group
● Deutsche Telekom AG
The Global 5G Services Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the 5G Services market provide specialised product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID 19 impact, the 5G Services market report also includes the following data points:
● COVID19 Impact on 5G Services market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the 5G Services market
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Scope of the Report:
Market Segment By End Use:
o IT & Telecom
o Media & Entertainment
o Automotive
o Energy & Utility
o Aerospace & Defense
o Other End-user Industries
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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
● Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
The Asia-Pacific region is currently the leading market for 5G services in terms of revenue share. A major driving force behind this growth is the adoption of new and innovative technologies such as blockchain, edge computing, and 5G core technology. Additionally, the expansion of the information technology sector is also playing a role in the growth and development of the 5G services market in the Asia-Pacific region.
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and oppotunities
• Competitive Intelligence providing the understanding about the ecosystem
• Details analysis of Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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