Global 5G Services Market

The GMI Research forecasts that the 5G Services Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the faster speed and low latency offered by these services to improve the user's experience.

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Introduction of the 5G Services Market

5G wireless mobile services 5G is the fifth generation technology standard for broadband cellular networks, which allows a fully mobile and connected environment by delivering a wide range of use cases and business models to consumers. It is the new wireless standard after 1G, 2G, 3G, and 4G networks.

Key Players of the Global 5G Services Market:

  • AT&T
  • China Mobile
  • SK Telecom
  • Verizon
  • BT Group
  • Deutsche Telekom
  • China Telecom
  • Orange S.A.
  • T-Mobile
  • Vodafone

5G Services Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The most crucial driver stimulating the growth of the global 5G services market is the augmenting focus on power supervision and management to sustain an improved control on energy creation and distribution. In addition, the extensive implementation of the technology across public transportation applications like buses and fast-moving trains accompanied by faster data speed and less intermission will further strengthen the 5G services market size. The mounting need to modify the mobile broadband experiences has fuelled the market growth. The network delivers a better broadband experience of up to 1 Gbps and <10ms with a platform for AI-based services and the cloud. Like Business 2 Business and individual, the different data-intensive applications are increasingly using AR, VR, and video. Furthermore, as per the 5G services market research, the surging demand for better data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management, contributes to the market growth. In accordance with the National Health Expenditure Accounts (NHEA), the overall expenditure on healthcare is expected to reach over USD 6 trillion by 2028. However, the inflated prices declared by the governments for service providers to procure the 5G and the increase in service subscription value will hinder the 5G services market share.

5G Services Market Segmentation:

Segmentation by Application
  • Smart Cities
  • Connected Factories
  • Smart Buildings
  • Connected Vehicles
  • Connected Healthcare
  • Connected Retail
  • Smart Utilities
  • Others
Segmentation by End User
  • Consumers
  • Enterprises
Segmentation by Communication Type
  • Fixed Wireless Access and Enhanced Wireless Broadband
  • Massive Machine-Type Communications
  • Ultra-Reliable Low Latency
Segmentation by Enterprise
  • Manufacturing
  • Media and Entertainment
  • Government
  • Energy and Utilities
  • Transportation and Logistics
  • Healthcare
  • Others
Segmentation by Region:
  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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