Global 5G Services Market By Communication Type; By End User; By Industry Vertical; and By Region - Global Forecasts 2017 to 2027

Date : Sep 2021

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Report ID : 10

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Category : Information Technology

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Report Format:  PDF EXCEL PPT WORD

The Global 5G Services Market was valued at USD 53.4 Bn in 2020 is expected to reach USD 335 Bn by 2027, with a growing CAGR of 30% during the forecast period (2021-2027).

5G is the 5th generation mobile network and services. It enables a newer type of services that are designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology help to deliver higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, increased availability, and more uniform user experience to more users. The higher performance and improved efficiency of these networks empower new user experiences and connect new industries. The increasing need to transform the mobile broadband experience is expected to drive the growth of the 5G services market over the forecast period.

5G Services Market

The 5G networks delivers the fast and smooth experience to the customers and provides platform for cloud and artificial intelligence (AI) based services. The different types of data-intensive applications are used by individuals and businesses such as AR, VR and video applications. Moreover, the increasing demand from the industries such as healthcare, IT & Telecom, retail, automotive will create a attractive opportunity for the deployment of 5G services. In this industries, there will be a different types of service requirements, including high bandwidth, low power, ultra-low latency, and high speed. To cope with the increasing demand for mobile broadband services, the network capacity needs to be increased by using a new spectrum, which would lead to the wide adoption of the 5G core to deploy 5G technology for enhanced mobile broadband services.

In addition to this, the 5G network technologies are widely used in public transportation applications. These technologies are utilized to provide broadband access for public transportation systems, such as buses and trains, by providing high-speed internet in transit for entertainment, information, and interaction with smart mobility components. Thus, it is expected to boost the 5G services market.

Moreover, the strong emphasis on providing reliable and robust communication during natural disasters, such as floods, hurricanes, and earthquakes, is further anticipated to uplift the adoption of 5G services.

The Global 5G Services Industry Segmentation:

By Communication Type

  • Fixed Wireless Access (FWA)
  • Enhanced Mobile Broadband (eMBB)
  • Ultra-reliable and Low Latency Communications (uRLLC)
  • Massive Machine-type Communications (mMTC)

By End User

  • Consumers
  • Enterprises

By Industry Vertical

  • Manufacturing
  • Energy & Utilities
  • Media and Entertainment
  • Government
  • Transportation and Logistics
  • Healthcare
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles and Competitive Intelligence

The key players operating in the 5G services market are:

  1. AT&T
  2. China Mobile Limited
  3. SK TELECOM CO., LTD.
  4. Verizon
  5. BT
  6. Deutsche Telekom AG
  7. T‑Mobile USA, Inc.
  8. Orange
  9. Vodafone Group
  10. China Unicom (Hong Kong) Limited
  11. Telstra
  12. Telefónica S.A.
  13. KT corp.
  14. Rogers Communications
  15. Bell Canada
  16. Etisalat
  17. stc
  18. NTT DOCOMO, INC.
  19. KDDI CORPORATION
  20. TELUS
  21. Swisscom
  22. Reliance Jio Infocomm Ltd.
  23. MTN Group Management Services (Pty) Ltd

The unique insights provided by this report also include the following:

  1. In-depth Value Chain Analysis
  2. Opportunity Mapping
  3. Sector Snapshot
  4. Key Players Positioning Matrix
  5. Regulatory Scenario
  6. Strategies Adopted-benchmarking Heat Map
  7. Market Trends
  8. Covid-19 Impact Analysis
  9. Product Comparison
  10. Pre & Post COVID 19 Impact on the 5G Services Market
  11. Competitive Landscape

Based on communication type, the enhanced mobile broadband (eMBB) segment dominated the 5G services market with a market share of over 40% in 2020 owing to its enhanced capabilities for the applications

The enhanced mobile broadband (eMBB) is dominated and showcase the highest market share of over 40% in 5G services market. The growth in the segment is mainly attributed to the primary focus of 5G network operators on delivering enhanced broadband capabilities for applications, such as high-speed cloud-based gaming, AR/VR,  UHD video, and uninterrupted video calls. Moreover, eMBB also provides the high data speeds for residential and commercial used. Thus, this will proliferated the demand of this segment.

Based on the industry vertical, the manufacturing segment dominated and showcase the major market share during the forecast period due to the advent of industry 4.0

The manufacturing segment holds the highest market share in 5G services during the forecast period owing to the advent of industry 4.0. Industry 4.0 is expected to be fuelled by artificial intelligence (AI) and Internet of Things (IoT) which will require the support of 5G networks to transform the manufacturing processes effiecient, connected and flexible in the future.

Based on regions, Asia-Pacific holds the major market share in 5G services market in 2020 followed by North America owing to the faster adoption of smartphone coupled with high penetration of internet

Asia-Pacific region is held the largest market share of over 42% in 2020 and is expected to grow at the highest CAGR during the forecast period. The growth in the region is mainly attributed to the presence of major 5G services market players such as China Telecom, China Mobile, Sk Telecom, and KT corporation. These market players are spending heavily in rolling out the 5G infrastructure in the countries including china, Japan and South Korea. Moreover, the faster adoption of smartphone coupled with the high penetration of internet in the region is expected to create a significant opportunity for the vendors in 5G services and therefore support the growth of the market in the region.

For instance, according to the report published by the Global System for Mobile Application (GSMA), in 2019, it is estimated that there are around 2.8 Bn of mobile subscribers and 2.0 Bn of internet users in Asia-Pacific. Thereby, this fact supports the growth of the 5G services market to a great extent.

North America holds the second largest market share of over 30% in 2020. The growth in the region is attributed to the early adoption of technology in the region. Moreover, the high deployment rate of 5G infrastructure especially in the US is an major factor for the growth of the market in the region.

For instance, according to the report published by GSMA in 2019, North America, specifically the US, is expected to witness the highest rate of 5G adoption, driven by early launches and the propensity of domestic consumers to rapidly adopt new technologies. By 2025, 202 million 5G connections (predominantly smartphones) are expected in North America, accounting to almost half of the mobile connections.

The report also provides an in-depth analysis of 5G services market dynamics such as drivers, restraints, and opportunities

Drivers

  • Increasing demand for fast and secure networks
  • Increasing data traffic
  • Rising adoption by industries such as healthcare, retail and others

Restraints

  • High cost associated with the deployment of 5G services
  • Lack of infrastructure developments across few geographies

Opportunities

  • Integration of IoT by various industries

COVID-19 Impact on the 5G Services Market Analysis

The COVID-19 pandemic has significantly affected the major industries such as manufacturing, oil & gas and others due to the strict lockdown imposed by government across the globe. However, the telecom industry play a vital role across the globe to support the digital infrastructure of countries. Every individuals and government has been constantly touch with one and another to provide and get a real time data of COVID-19 pandemic. The healthcare, telecommunication, media & entertainment, utilities and government institutes are functioning to stabilize and facilitate prerequisite services to every individuals.

Moreover, due to pandemic many business operation running remotely therefore there is a need for fast and secure network for the organization, this is in turn, to uplift the demand for next generation network (5G). A more detailed analysis specific to this industry will be provided in the report.

The report also provides an in-depth analysis of key trends in the 5G services market

Sr. No. Trends Impact
1 The increasing trend for the remote operations across various industries has a positive significance for 5G services Positive
2 5G connectivity is a critical component in the large-scale adoption of XR technology solutions that offer customers an enhanced visual and seamless experience, combined with tailored content, faster response times and mobile applications  Positive

The report also provides an in-depth analysis of recent news developments and investments

  1. In May 2021, Telefónica Tech, Telefónica’s digital business holding company, signed a collaboration agreement with Microsoft on Azure Private Edge Zone. This joint venture combined Telefónica' Private 5G connectivity with Microsoft's Edge Computing capabilities on customer premise to drive the digital transformation of our clients and to enable the automation and control of their industrial processes.
  2. In January 2021, AT&T launched its 5G+ services in some popular areas and venues across Tampa, such as Channel District, Raymond James stadium, and Tampa International Airport in the US.

Frequently Asked Questions (FAQs)

What is the market size of the global 5G services market?

The global 5G services market was valued at US$ 53.4Bn in 2020 and is anticipated to reach US$ 335Bn by 2027

What is the estimated market growth rate of the 5G services industry?

The 5G services market is estimated to grow at a compound annual growth rate (CAGR) of 30% during 2020-2027

What is the share of Asia-Pacific in the 5G Services market?

Asia-Pacifc is expected to grow at a highest CAGR during the forecast period.

Who are the key players in the 5G services industry?

A few key players include, but are not limited to AT&T, China Mobile Limited, SK TELECOM CO., LTD., Verizon, BT, Deutsche Telekom AG, T Mobile USA, Inc., Orange, Vodafone Group, China Unicom (Hong Kong) Limited, and Telstra.

What are the major challenges in the 5G Services market?

The delay in spectrum harmonization across the globe is the major challenges for the growth of 5G services market.

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  • Market Introduction
    • Definition
    • Scope of the Study
    • List of Assumptions
    • Market Structure
    • Scope of the Study: Segmentation 
    • Timeframe, Currency and Limitations
  • Research Methodology
    • 3P Research Approach
    • Market Sizing Approach
    • Data Sources
    • Primary Research Coverage
  • Executive Summary
    • Market Summary
    • Market Snapshot
    • Regional Snapshot
    • Country Snapshot
  • Premium Insights
    • Key Trend Analysis
    • New revenue Pockets
    • Pain Point Analysis
    • Company Market Share Analysis, by Region
    • Strategies Adopted-Benchmarking Heat Map
    • Regulatory Landscape
    • PESTEL Analysis
    • Regional Lifecycle
    • Competitive Benchmarking
  • Market Overview & Competitive Landscape
    • Competitive Landscape
    • Investment Scenario by key Players
    • Key Player Overview
    • Product comparison
    • Player Wise Geographic Presence
    • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others
  • Market Segmentation (Market Size and Share Analysis)
    • Global Market Size & Historic Growth
    • Market Size by Communication Type
      • Fixed Wireless Access (FWA)
      • Enhanced Mobile Broadband (eMBB)
      • Ultra-reliable and Low Latency Communications (uRLLC)
      • Massive Machine-type Communications (mMTC)
    • Market Size by End User
      • Consumers
      • Enterprises
    • Market Size by Industry Vertical
      • Manufacturing
      • Energy & Utilities
      • Media and Entertainment
      • Government
      • Transportation and Logistics
      • Healthcare
      • Others
  • Market Dynamics
    • Market Drivers
    • Opportunities
    • Value Chain Analysis
    • Pricing Analysis
  • COVID – 19 Opportunity Mapping
    • Key Drivers & Anticipated Revival Period
    • Key Trends Analysis
    • Impact on End user Industry
    • Opportunity Analysis
  • Regional Market Analysis
    • North America
      • US
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • APAC
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Latin America
      • Mexico
      • Brazil
      • Argentina
      • Rest of LATAM
    • Middle East & Africa
      • GCC
      • Rest of MEA
  • Company Profiles
    • AT&T
  • Company Fundamentals
  • Financial Analysis (Subject to Availability)
  • Product Portfolio
  • SWOT Analysis
    • China Mobile Limited
    • SK TELECOM CO., LTD.
    • Verizon
    • BT
    • Deutsche Telekom AG
    • T‑Mobile USA, Inc.
    • Orange
    • Vodafone Group
    • China Unicom (Hong Kong) Limited
    • Telstra
    • Other Notable Players
      • Telefónica S.A.
      • KT corp.
      • Rogers Communications
      • Bell Canada
      • Etisalat
      • stc
      • NTT DOCOMO, INC.
      • KDDI CORPORATION
      • TELUS
      • Swisscom
      • Reliance Jio Infocomm Ltd.
      • MTN Group Management Services (Pty) Ltd

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