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Global 5G Services Market, By End - User Industry, & By Region - Forecast and Analysis 2022 - 2028

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    Report

  • 127 Pages
  • May 2022
  • Region: Global
  • SkyQuest Technology Consulting
  • ID: 5597504
OFF until Sep 30th 2022
The Global 5G Services Market was valued at USD 71.24 Billion in 2021, and it is expected to reach a value of USD 449.92 Billion by 2028, at a CAGR of more than 30.12% over the forecast period (2022 - 2028). 5G is the fifth generation of mobile networks. It is a new worldwide wireless standard after 4G. It is predicted to be one of the world's fastest and most powerful technologies. A 5G network is specifically designed to reduce latency, enhance speed, and improve wireless network flexibility.



5G networks give an improved internet experience of up to 1 Gbps and offer a platform for AI and cloud-based services. Various data-intensive applications are gaining traction, including AR, VR, and video apps. Fast bandwidth, low latency, high speed, and lower power consumption are all services required in industries like IT and telecom, healthcare, media and entertainment, BFSI, retail, automotive, and others. To meet the growing demand for mobile broadband services, network capacity must be increased through the use of a new spectrum such as 5G. This will lead to widespread adoption of the 5G core and the deployment of 5G technology for better mobile broadband services.

Top-down and bottom-up approaches were used to estimate and validate the size of the global 5g services market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report


The Global 5G services market is segmented based on of End-User industry as IT & Telecom, Media & Entertainment, Automotive, Energy & Utility, Aerospace & Defense, and Other End-user Industries. Based on region it is categorized into: North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

  • 5G wireless mobile capabilities allow a completely mobile and connected environment, by providing a wide range of use cases and business models to users. Besides, the 5G technology's faster data speeds and extremely low latency would improve the user experience when using 5G services for a variety of use cases, including VR and AR gaming, seamless video calling, and Ultra-High Definition (UHD) videos, to name a few. Over the forecast period, the growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications like smart home energy management is expected to drive the adoption of these services.

Restraint

  • Higher costs required for the deployment of 5G network is one of the factors that negatively impact the industry growth. Massive investments would be required to make the transition from 4G to 5G technology. The needed throughput density, periodic interest rate, and base station pricing all influence the cost of 5G infrastructure. For effective and ultra-dense small cell deployments, these expenses must be reduced. The challenge for CSPs in transitioning to 5G is justifying the multibillion-dollar investments in new network equipment required to transform their network to a virtualized infrastructure, migrate services from 3G to 4G to 5G, and protect their business from ever-increasing risks of disruptions and cyber threats.

Key Market Trends

  • 5G system integration providers' increased focus on forming partnerships with telecom operators, which is expected to boost usage of 5G services. As part of their efforts to survive in a highly competitive climate, several industry verticals are focused on technology revolutions to boost overall productivity and operational efficiency.
  • Increased investments by the healthcare organizations such as National Health Expenditure Accounts (NHEA) in the US are also projected to contribute to the industry growth. Furthermore, a huge focus on delivering reliable and resilient communication during natural disasters such as floods, hurricanes, and earthquakes will push the adoption of 5G services.
  • Another key trend that drives the market growth includes the growing demand for high-speed data connectivity for integrative Internet of Things (IoT) applications like smart home energy management. Also, the impending introduction of 5G will allow not only the communications industry but also other end-user industries, to introduce new products and services in the market.
Frequently Asked Questions about the Global 5G Services Market

What is the estimated value of the Global 5G Services Market?

The Global 5G Services Market was estimated to be valued at $71.24 Billion in 2021.

What is the growth rate of the Global 5G Services Market?

The growth rate of the Global 5G Services Market is 30.1%, with an estimated value of $449.92 Billion by 2028.

What is the forecasted size of the Global 5G Services Market?

The Global 5G Services Market is estimated to be worth $449.92 Billion by 2028.

Who are the key companies in the Global 5G Services Market?

Key companies in the Global 5G Services Market include Nokia Corporation, Huawei Technologies Co Ltd., At&T Inc., Verizon Communications Inc, Sprint Corporation, T, Mobile US, Inc., Deutsche Telekom AG and Swisscom AG.

Table of Contents

Executive Summary
Market overview
  • Exhibit: Executive Summary - Chart on Market Overview
  • Exhibit: Executive Summary - Data Table on Market Overview
  • Exhibit: Executive Summary - Chart on Global 5G Services Market Characteristics
  • Exhibit: Executive Summary - Chart on Market by Geography
  • Exhibit: Executive Summary - Chart on Market Segmentation
  • Exhibit: Executive Summary - Chart on Incremental Growth
  • Exhibit: Executive Summary - Data Table on Incremental Growth
  • Exhibit: Executive Summary - Chart on Vendor Market Positioning

Parent Market AnalysisMarket overview
Market size
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS
  • Technology Analysis
  • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
  • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
  • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
  • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
  • Exhibit: Parent Market Ecosystem Market Analysis
  • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
  • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
  • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
  • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
  • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
  • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
  • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT
  • Introduction
  • Impact On Economy - scenario Assessment
  • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
  • Exhibit: Data Table on Global 5G Services Market size and forecast 2021-2028 ($ Billion)
  • Impact Of COVID On Key Segments
  • Exhibit: Data Table on Segment Market size and forecast 2021-2028 ($ Billion)
  • COVID Strategies By Company
  • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
  • Competitive rivalry
  • Exhibit: Competitive rivalry Impact of key factors, 2021
  • Threat of substitute products
  • Exhibit: Threat of Substitute Products Impact of key factors, 2021
  • Bargaining power of buyers
  • Exhibit: buyers bargaining power Impact of key factors, 2021
  • Threat of new entrants
  • Exhibit: Threat of new entrants Impact of key factors, 2021
  • Bargaining power of suppliers
  • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Special insights on future disruptions
  • Political Impact
  • Economic impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact

Global 5G Services Market by End-User industry
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • IT & Telecom
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Media & Entertainment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Automotive
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Energy & Utility
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Aerospace & Defense
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Other End-user Industries
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Market Size by Region
  • Chart on Market share by geography 2021-2028 (%)
  • Data Table on Market share by geography 2021-2028(%)
  • North America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • USA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Canada
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Europe
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Germany
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Spain
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • France
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • UK
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of Europe
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Asia Pacific
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • China
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • India
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Japan
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • South Korea
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of Asia Pacific
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Latin America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Brazil
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of South America
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Middle East & Africa (MEA)
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • GCC Countries
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • South Africa
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of MEA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)

KEY COMPANY PROFILES
  • Competitive Landscape
  • Total number of companies covered
  • Exhibit: companies covered in the report, 2021
  • Top companies market positioning
  • Exhibit: company positioning matrix, 2021
  • Top companies market Share
  • Exhibit: Pie chart analysis on company market share, 2021(%)
  • Nokia Corporation (Finland)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Huawei Technologies Co Ltd. (China)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • AT&T Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Verizon Communications Inc (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Sprint Corporation (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • T-Mobile US, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Deutsche Telekom AG (Germany)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Telefonaktiebolaget LM Ericsson (Sweden)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Swisscom AG (Switzerland)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Vodafone Group (UK)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • BT Group (UK)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Telstra Corporation Limited (Australia)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Nokia Corporation
  • Huawei Technologies Co Ltd.
  • At&T Inc.
  • Verizon Communications Inc
  • Sprint Corporation
  • T-Mobile US, Inc.
  • Deutsche Telekom AG
  • Telefonaktiebolaget Lm Ericsson
  • Swisscom AG
  • Vodafone Group
  • Bt Group
  • Telstra Corporation Limited