Press release
5G Services market forecast 2023-2032 - major trends, growth factors, Size, and Key Drivers | AT&T, Inc, Verizon Communications, Inc, Deutsche Telekom AG, China Mobile Ltd, T-Mobile USA, Inc
5G Services market
Increasing 5G subscriptions are predicted to strengthen the demand for the 5G services market. 5G subscriptions refer to subscribing the most recent generation of cellular technology, designed to significantly improve the responsiveness and speed of wireless networks. With higher accessible bandwidth and improved antenna technology, 5G will make it possible for wireless networks to transfer much more data than they currently can. For instance, one billion 5G subscribers were anticipated by the end of 2022, while more advanced 5G devices are anticipated to hit the market in 2023. As Fixed Wireless Access (FWA) connections reach 300 million and 5G subscriptions surpass 5 billion, 5G will be responsible for nearly 80% of FWA connections. Consequently, the increase in 5G subscriptions is expected to increase the market for 5G services in the near future.
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Companies in the market are focusing on 5G vRAN (virtualized radio access network) technology. The vRAN virtualizes the capabilities of a conventional radio access network (RAN) and makes them available on adaptable and scalable cloud infrastructures. Companies in the 5G services market are implementing virtualized radio access network technology to provide better connectivity and sustain their position in the market. For example, in February 2023, Fujitsu Limited, a Japan-based information and communications technology company, launched the new 5G vRAN solution that combines NVIDIA's graphics processing unit (GPU) technology with their virtualized central unit (vCU) and virtualized distributed unit (vDU) technologies, which could be used by telecommunications operators. The new technology was developed as a component of the 5G Open RAN Ecosystem (OREC) initiative backed by NTT DoCoMo.
The top opportunities in the 5G services market segmented by communication type will arise in the enhanced mobile broadband (eMBB) segment, which will gain $283.28 billion of global annual sales by 2027. The top opportunities in segment by end-user will arise in the IT & telecom segment, which will gain $174.47 billion of global annual sales by 2027. The top opportunities in segment by vertical will arise in the smart cities segment, which will gain $188.84 billion of global annual sales by 2027. The 5G services market size will gain the most in the USA at $157.42 billion.
5G Services Market Segmentation:
The 5G Services market is segmented type, by end-user, and by vertical.
By Communication Type¬
The 5G services market is segmented by communication type into
a) Fixed Wireless Access (FWA)
b) Enhanced Mobile Broadband (EMBB)
c) Ultra-Reliable And Low Latency Communications (URLLC)
d) Massive Machine-Type Communications (mMTC)
By End-User-
The 5G services market is segmented by end-user into
a) Manufacturing
b) Energy And Utilities
c) Media And Entertainment
d) IT And Telecom
e) Transportation And Logistics
f) Healthcare
g) Aerospace And Defense
h) Other End Users
By Vertical-
The 5G services market is segmented by vertical into
a) Smart Cities
b) Smart Buildings
c) Connected Factories
d) Smart Utilities
e) Connected Healthcare
f) Connected Retail
g) Other Verticals
Major players in the 5G Services market include AT&T, Inc, Verizon Communications, Inc, Deutsche Telekom AG, China Mobile Ltd, T-Mobile USA, Inc.
The regions covered in the global 5G Services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global 5G Services Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
5G Services Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. 5G Services Market, Conclusions And Recommendations
23. Appendix
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