5G Services Market Share, Size, Trends, Industry Analysis Report, By Communication Type (FWA, eMBB, uRLLC, mMTC); By End-Use (Smart Cities, Connected Workers, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare); By Industry Vertical (Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, Retail, Agriculture, Oil & Gas and Mining, BFSI, Construction, and Real Estate); By Region ; Segment Forecast, 2021 - 2027

Report Summary

The global 5G services market is expected to be valued at USD 39.53 billion in 2020 and is anticipated to grow at a CAGR of 41.1% between 2021-2027. 5G services becomes key trend among different industry verticals predominantly in the IT & Telecom industry. It is a mobile technology of the next generation that will change the role of mobile in society. Globally, in 2020, 5G era will be commence full and will create tremendous opportunities for customers, companies, providers, vendors and all interested parties. Moreover, rapid adoption of 5G technology in the developing economies set the tone for the growth in the market over the forecast period.

During 2019 and early 2020, many communication service providers around the world launched trials and rollouts of 5G networks in developing economies such as India, China, and Brazil. Besides, rapid growth of COVID-19 disease worldwide is affecting the demand of 5G services due to a decline in communication service provider business.

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Moreover, the market is very competitive in nature so that the market actors having center of attention towards technological innovations to proliferate overall profitability and operating performance. The 5G wireless technology has the ability to lead to tremendous changes across all these vertical lines by reducing operating costs and increasing cost of production.

5 g网络经营正在成为一种进化步骤rds a new age of technology, representing a revolutionary transformation of the role of mobile technology in society. Demand for continuous connectivity is growing, 5G infrastructure offers the opportunity to create a flexible, purpose-built network customized to people's and economy's varied needs. Owing to this factor demand for 5G services is estimated to skyrocketing in the mid-term forecast period and continue over the forecast period.

Industry Dynamics

Drivers
5G advances alongside rapid development inArtificial Intelligenceand IoT. The integration of scalable, high-speed 5G networks with AI and IoT would enable Intelligent Connectivity's new era. Owing to rising adoption of 5G technologies inAI& IoT applications the demand for 5G services market will proliferate in the coming years. Moreover, the telecommunications industry is dedicated to 5G, and legacy 2G/3G/4 G networks will gradually be replaced by 5G-era networks. The seismic shift by key mobile market players in adopting 5G instead of 4G/3G drives the demand for the 5G Services market and it will continue over the forecast period.

However, the supremacy of 5G networks in the healthcare sector increases demand as in the COVID-19 case, monitoring corona patients is a primary aim for different economies. Therefore, the rapid adoption of 5G technology and demand for 5G coverage by the public healthcare industry is expected to increase in the healthcare sector by 2020-21.

5G Services Market Report Scope

全球5 g服务市场主要是段ed based on Communication Type, By End-Use, By Industry Vertical, and by geographic region.

By Communication Type	By End-Use	By Industry Vertical	By Region
FWA eMBB uRLLC mMTC	Smart Cities Connected Workers Connected Vehicles Connected Factories Smart Buildings Smart Utilities Connected Healthcare	Manufacturing Energy & Utility Media & Entertainment IT & Telecom Transportation & Logistics 乐动娱乐官网 Retail Agriculture Oil & Gas and Mining BFSI Construction Real Estate	North America (U.S., Canada) Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria) Asia Pacific (Japan, China, India, Malaysia, South Korea. Australia) Latin America (Brazil, Mexico, Colombia) MEA (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Product Type

Based upon product type, the global market is segregated into FWA, eMBB, uRLLC, mMTC. Of all, enhanced mobile broadband segment held the largest share in the global market in 2019, It is due to the 5G network operators' early emphasis on delivering improved mobile services for applications such as high-speed cloud-based gaming, AR /VR, UHD streaming and uninterrupted phone calls.

Moreover, massive machine-type communications (mMTC) is projected to see the highest growth from 2021 until 2027. The growing need for an established digital infrastructure would likely be met by massive machine-type communications. As such, mMTC aims to provide infrastructure for high density connectivity applications, such as smart cities and intelligent buildings. It is anticipated that the need to maintain consistent compatibility will lead to the growth of the mMTC segment over the forecast period for all IoT products deployed in a network.

Insight By Industry Vertical

The 5G services are being utilized by different industry verticals including IT and telecom, Manufacturing Energy & Utility Media & Entertainment Transportation & Logistics Healthcare and among others. Among these, the IT & Telecom segment is expected to capture majority of share in 2020.

It is due to large corporate players participating in the implementation of the new networking technologies. Rising demand for higher data velocities for residential and industrial applications is projected to boost development in the IT and Telecom market over the forecast period. Also, production industries are undergoing rapid digital transformation. As just that, the production lines are constantly automated to increase overall efficiency. This has sparked the need for continuous wireless technology between the machines, sensors, actuators as well as other devices mounted in the factory. Owing to that manufacturing segment is estimated to show the highest growth trajectory over the forecast period.

Geographic Overview

Globally, 5G is on a roll. Several markets moved to 5G after new 5G-compatible smartphones were launched in the second quarter of 2019. As 5G apps are increasingly available and more service providers launch 5G, by the end of 2020 more than 10 million 5G subscriptions are expected worldwide. North America is expected to dominate the market and contribute major revenue share in the global market.

一些在5 g网最重要的投资work infrastructure deployment are occurring in the U.S. For instance, between 2010 and 2017, telecom carriers operating in the U.S. spent around USD 250 billion in mobile network service expansion. The strong U.S. spending in constructing smart houses, setting up smart manufacturing, and the introduction of smart cities projects, during the projected timeframe, is expected to lead to the increase of demand of North America. Prominent market actors in the Asia Pacific, such as China Telecom, SK Telecom, China Mobile, and KT Corporation invested heavily in China, South Korea, and Japan to carry out 5G network based services. These investments expected to concentrate on the implementation of next-generation news culture, transportation, logistics, health, and manufacturing infrastructure. Such investments are expected to fuel the Asia Pacific demand growth over the forecast period.

Competitive Insight

As the global strategy the prominent players work in tendon with the domestic players to widespread the adoption of 5G services. Market actors continually doing greenfield & brownfield investments to adopt new technologies and meet the global 5G services demand.

AT&T Inc., Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and Vodafone Group among others are some of the major players competing in the market.