The market research report of 5G Service Market information by Technology, by Components, by Services by Application and Region – forecast to 2030. The 5G Service Market size to reach USD 249.2 billion, growing at a compound annual growth rate of 29.4% by 2030. The research examines a variety of elements, such as Degrees of advancement, technical breakthroughs, and various strategies employed by the current major players in the market.
Various factors are fuelling the global 5G service market share. As per the recent MRFR market estimates, such factors include consumer’s shift in preference to cloud-based solutions from premise, improved wireless range, consistent network connectivity, rapid innovation in virtualization in the networking domain, growing number of applications, increasing use during the COVID-19 pandemic, and a quick roll out of 5G services by developing economies.
On the contrary, concerns about the global spectrum and high costs of 5G network deployment may limit the global 5G service market growth over the forecast period.
5G Service Market Scope
The global 5G services market is witnessing rapid revenues growth. Factors such as the surging demand for reliable and ultra-latent connectivity services and increasing numbers of telecom operators drive the market growth. Besides, the augmenting demand for high data speed and connectivity to improve business models boosts the market demand.
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5G Service Market Drivers
- Various megatrends of mobile services are impacting the global 5G service market growth.
- The demand for expanded access to 5G ultra wideband services and the unprecedented performance of 5G is growing extensively.
- Changing consumer preference from premise-based to cloud-based solutions impacts the market demand positively.
- Rising smart city projects worldwide foster the demand for 5G services.
5G Service Market Key Players
- Samsung Electronics Co. Ltd.
- SK Telecom
- LG Electronics Inc.
- Verizon Communications Inc.
- Cisco Systems Inc.
- Qualcomm Inc.
- Telefonaktiebolaget L. M. Ericsson
- Saudi Telecom Company
- Intel Corporation
- BT Group
- China Mobile
- Huawei Investment & Holding Co. Ltd.
- Nokia Corporation
- T-Mobile USA Inc.
- NEC Corporation
- DU China Telecom
- KT Corporation
- Vodafone Group
- Deutsche Telekom
- AT&T Inc.
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5G Service Market Segmentation
By Service Type
- Professional Services
- System Integration
- Network Planning and Optimization
- Network Implementation
- Managed Services
- Professional Services
- Managed Services
By Communication Type
- Extreme Mobile Broadband (EMBb)
- Massive Machine-Type Communications (mMTC)
- Ultra-Reliable Machine-Type Communications (uMTC)
- Fixed Wireless Access (FWA)
- Wi-Fi, High-Speed Package Access (HSPA)
- Radio Access Technologies (RAT)
- Global System for Mobile (GSM)
- Worldwide Interoperability for Microwave Access (WiMAX)
- Energy and Utilities
- IT & Telecommunication
- Consumer Electronics
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5G Service Market – Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of 5G Applications and Services in these regions, from 2015 to 2027, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Points Covered in the Report:
- The 5G Service research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
Major Points from TOC:
- Global 5G Service Market Overview
- Executive Summary
- Production and Capacity by Region
- Production, Revenue, Price Trend by Type
- Key Players Analysis
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