According to the latest report by IMARC Group, titled “5G Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global 5G services market size exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 45% during 2021-2026.
5G services help in connecting people, machines, objects, and devices virtually. They also assist in providing a next-generation user experience, delivering new services, and empowering new deployment models. Besides this, they offer increased speed, reduced latency, improved flexibility and reliability and a consistent user experience. As a result, 5G services are extensively used for safer transportation, digitized logistics and remote healthcare across the globe.
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:
At present, there is a considerable increase in the need for broadband subscriptions around the world. This, in confluence with the rising demand for high speed and network coverage, represents one of the key factors positively influencing the market. Apart from this, 5G services are utilized in public transportation applications worldwide. This can be accredited to their ability to provide broadband access and high-speed internet connections. Furthermore, leading players are focusing on integrating the Internet of Things (IoT) for facilitating high-speed data connectivity in various applications, which is creating a favorable market outlook.
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Insights on Market 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
- Energy and Utility
- Aerospace and Defense
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
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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