5G Services Market Growth, Overview with Detailed Analysis 2024-2030

5G Services Market Report Overview

The report provides a comprehensive analysis of the current and future 5G Services market scenario, including insights and updates on the key sectors. The report also provides an analysis of the demand for 5G Services products and services across the world, as well as the manufacturing, income generation, sales, and revenue of the 5G Services market. It also provides a fundamental analysis of the 5G Services market, including the drivers, opportunities, trends, and restraints that are shaping the market.

5G Services Market size was valued at USD 113.44 Bn. in 2023 and the total revenue is expected to grow by 28.90% from 2024 to 2030, reaching nearly 670.74 Bn.

5G Services Market Report Scope and Research Methodology

Asia Pacific is dominating the global CNC market. Increasing economies, such as China and India have been witnessing rapid growth in terms of industrialization, thereby driving the CNC market. The automotive sector is expected to grow significantly during the forecast period, due to the rising demand for automobiles in the region. Similarly, easy availability of labour and the declining prices of components have resulted in manufacturers shifting their production units in this region which is further promoting the market.

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5G Services Market Regional Insights

In 2022, markets in Botswana, Guatemala, Lithuania, Malaysia, North Macedonia, Reunion, and Zimbabwe are expected to receive their first commercial 5G service. A few markets, including those in Africa and Central Asia, as well as Russia and India, have yet to see mass-market commercial launches, despite the majority of the industrialized world has launched 5G networks in some form. Although trials and spectrum releases are currently underway in some markets in these regions, poor network infrastructure and slow uptake of 4G are some of the reasons why some markets have not yet launched commercial 5G.

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)

the 5G Services Market is segmented into Fixed Wireless Access (FWA), Ultra-reliable and Low Latency Communications (uRLLC), Enhanced Mobile Broadband (eMBB), and Massive Machine-type Communications (mMTC). Enhanced Mobile Broadband (eMBB) segment held the largest market share accounting for 41.22% in 2023. The large proportion is ascribed to 5G network operators' initial focus on delivering better internet capabilities for applications like fast cloud gaming, augmented reality and virtual reality, UHD video, and uninterrupted video conversations. It is expected that the initial rollout phase will concentrate on a 5G wireless non-standalone deployment architecture. For both home and commercial use, eMBB offers incredibly fast broadband speeds.

by End Users

Consumers
Enterprises

the 5G Services Market is segmented into Consumers and Enterprises. Enterprises segment held the largest market share accounting in 2023. The most important benefits of 5G are estimated to come from its capacity to seamlessly connect infrastructures, machines, and things, not from connecting people. The basic platform for a number of new applications in industries including manufacturing, transportation, and healthcare will be 5G. The standards and capabilities needed to open up a new world of enterprise services are currently being developed. As a result, the execution stage of commercial 5G enterprise applications, including Industry 4.0 factories, autonomous driving vehicles, and robotic surgery, has already begun.

by Enterprises

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

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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)

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Key questions answered in the 5G Services Market are:

• What are 5G Services market segments?
• What is the expected 5G Services market size by the end of the forecast period?
• What is the expected CAGR of the 5G Services market during the forecast period?
• What are the emerging trends in the 5G Services Market?
• What are the factors contributing to the final price of 5G Services?
• What are the major challenges that the 5G Services Market could face in the future?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors
• PESTLE Analysis and Porter’s Five Forces Analysis
• Key Findings
• Analyst Recommendations

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