Press release
5G Services Market to Reach USD 522.66 Bn by 2029, emerging at a CAGR of 28.90 percent and forecast 2023-2029
5G Services Market
The "Global 5G Services Market Analysis and Outlook 2023-2029" report undertakes a comprehensive evaluation of the worldwide 5G services industry, encompassing market trends, segments, and regional dynamics. This report scrutinizes an array of market segments for 5G services, with the aim of assessing market size and growth prospects across diverse segments categorized by communication mode, target market, business, application, and regional coverage. Additionally, the report offers a meticulous examination of the competitive landscape, providing insights into leading market participants, their company profiles, and pivotal findings on product and service offerings. The report also encapsulates recent advancements and critical market strategies.
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5G Services Market Research Methodology:
The report employs a robust research methodology that combines primary and secondary research to estimate market size. Key market players are identified through secondary research, with market revenues ascertained through a blend of primary and secondary research. Primary research includes interviews with influential opinion leaders and industry experts, including frontline personnel, entrepreneurs, and marketing professionals. Secondary research entails an examination of the annual and financial reports of leading manufacturers. Key players in the global 5G services market include Ericsson, Nokia, and Huawei, among others.
What are 5G Services Market Dynamics:
5G networks, which also serve as the foundation for cloud- and AI-based apps, can deliver up to 1 Gbps and 10 ms of increased broadband speed. Numerous data-intensive applications, such as augmented reality (AR), virtual reality (VR), and video apps, are emerging in both consumer and business-to-business (B2B) environments. In numerous industries, such as IT and telecom, retail, healthcare, automotive, media and entertainment, BFSI, and agricultural, varied service requirements, such as high bandwidth, low power, ultra-low latency, and high speed, are required. To meet the growing demand for mobile broadband services, network capacity must be increased.
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5G Services Market Regional Insights:
Asia Pacific: In 2022, the Asia Pacific region asserted its dominance in the 5G services market, boasting the largest market share-a trend expected to persist throughout the forecast period. Robust infrastructure growth in nations such as India, China, Japan, South Korea, among others, has markedly enhanced connectivity, spurring the demand for 5G services. Moreover, the region's expansive internet user base and surging smartphone adoption, coupled with the availability of a steady stream of 5G-enabled devices, have propelled the demand for connected device technologies. This is poised to further drive the growth of the 5G services market in the foreseeable future.
What is 5G Services Market Segmentation:
by Communication Type
Fixed Wireless Access (FWA)
Ultra-reliable and Low Latency Communications (uRLLC)
Enhanced Mobile Broadband (eMBB)
Massive Machine-type Communications (mMTC)
by End Users
Consumers
Enterprises
by Enterprises
Manufacturing
Energy and Utilities
Media and Entertainment
Government
Transportation and Logistics
Healthcare
Others
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Who are 5G Services Market Key Players:
1. Intel (United States)
2. Anokiwave (United States)
3. Broadcom (United States)
4. Analog Devices (United States)
5. AT&T (United States)
6. International Business Machines (United States)
7. Qorvo (United States)
8. Xilinx (United States)
9. Verizon (United States)
10.Sprint (United States)
11.Qualcomm Technologies (United States)
12.Integrated Device Technology (United States)
13.BT Group (United Kingdom)
14.Vodafone (United Kingdom)
15.Infineon Technologies (Germany)
16.Deutsche Telecom (Germany)
17.Ericsson (Sweden)
18.Nokia (Finland)
19.Airtel (India)
20.China Mobile (China)
21.China Telecom (China)
22.Korea Telecom (South Korea)
23.Saudi Telecom Company (Kuwait)
24.SK Telecom (South Korea)
25.Telstra (Australia)
Table of content for the 5G Services Market includes:
5G Services Market : Research Methodology
5G Services Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. 5G Services Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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