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DUBLIN, Nov. 25, 2021 /PRNewswire/ — The “Global 5G Services Market Size, Share & Trends Analysis Report 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global 5G services market size is estimated to reach USD 664.75 billion by 2028, registering a CAGR of 46.2% from 2021 to 2028
The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also anticipated to propel market growth from 2021 to 2028.
The 5G wireless technology is expected to completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity. As such, the need to ensure strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services.
Furthermore, robust deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including smart homes, smart cities, and industry 4.0. Hence, the rising need for high bandwidth to provide reliable communication to IoT devices is expected to elevate the overall market growth over the forecast period.
In some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is rising gradually. This is expected to open new opportunities for rolling out 5G services over the forecast period. As such, the growing need for remote asset monitoring, drone control, and coordination, and smart grid control is anticipated to fuel the growth of the ultra-Reliable Low-Latency Communications (uRLLC) segment over the forecast period.
Key market players, such as AT&T Inc., China Telecommunications Corporation, and Verizon Communications, are investing in rolling out 5G infrastructure to provide low-latency services for faster Machine-to-Machine (M2M) communication. However, these market players are expected to deliberate before making investments owing to the high 5G spectrum prices.
Stringent government regulations and policies pertaining to the 5G wireless technology are also expected to hinder the market growth. Moreover, due to the global Covid-19 pandemic, the governments across key countries have postponed the auction for 5G spectrums. This is expected to hamper the market growth over the forecast period.
5G Services Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. Market Variables, Trends, & Scope Outlook
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. 5G Services Market Analysis
3.4.1. Industry analysis – porter’s five forces
3.4.2. PEST analysis
3.5. Major Deals & Strategic Alliances Analysis
3.5.1. Joint ventures
3.5.2. Mergers & acquisitions
3.5.3. Licensing & partnership
3.5.4. Technology collaborations
3.5.5. Strategic divestments
3.6. Key Government Regulations Framework across Key Countries
3.7. 5G Spectrum Framework across Key Countries
Chapter 4. 5G Services Communication Type Outlook
4.1. 5G services Market, By Communication Type, 2020 & 2028
4.2. FWA
4.3. eMBB
4.4. uRLLC
4.5. mMTC
Chapter 5. 5G services Vertical Outlook
5.1. 5G services Market, By vertical, 2020 & 2028
5.2. Manufacturing
5.3. Energy & Utilities
5.4. Media & Entertainment
5.5. IT & Telecom
5.6. Transportation & Logistics
5.7. Aerospace & Defense
5.8. Healthcare
5.9. BFSI
5.10. Government & Public Safety
5.11. Retail
5.12. Mining
5.13. Oil & Gas
5.14. Agriculture
5.15. Construction
5.16. Real Estate
Chapter 6. 5G services Regional Outlook
6.1. 5G services Market, By Region, 2020 & 2028
Chapter 7. Competitive Analysis
7.1. Recent developments & impact analysis, by key market participants
7.2. Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.4. Companies Analysis Tools
Chapter 8. Competitive Landscape
8.1. Company overview
8.2. Financial performance
8.3. Service benchmarking
8.4. Strategic initiatives
For more information about this report visit https://www.researchandmarkets.com/r/ro38aw
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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