5G Services Market Size Worth $498.3 Billion By 2027 | CAGR: 41.1% | INDUSTRY PLAYERS : AT&T Inc,Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation and others

August 13 17:35 2020
5G Services Market Size Worth $498.3 Billion By 2027 | CAGR: 41.1% | INDUSTRY PLAYERS : AT&T Inc,Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation and others

“Polaris Market Research”
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 according to a report published by Polaris Market Research

The global 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new study by Polaris Market Research. The report “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, O&G and Mining, BFSI, Construction, and Real Estate); By Regions; Segment Forecast, 2021 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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5G is the next generation cellular technology, offers download speeds approximately 100 times faster than 4G LTE networks. 5G services improve telecommunication service providers and businesses to deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in comparison to the previous technologies.

Some of the major industry participants include : 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 are some of the key players operating in the global market.

5G Services Market Report

The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media and entertainment industry and on-demand content is being increasingly preferred by the younger generation.

Recent key initiatives by the key industry players show expresses the need of such services. For instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G Android based operating system smartphone and launch services as well. Telefonica Deutschland has signed contracts with multiple vendors to build 5G cellular network across Germany.

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The 5G services manufacturers are focusing on enhanced mobile broadband (eMBB) segment to deliver higher capacity and higher user mobility that will enable broadband services of mobile in moving vehicles including car, buses, trains and planes. In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. Furthermore, the IT and telecom vertical are expected to rise in the coming years as the growing demand for higher data speeds and enhanced virtual business meetings.

Polaris Market research has segmented the 5G Services market report on the basis of communication type, vertical, and region

5G Services Communication Type Outlook (Revenue – USD Million, 2020 – 2027)

  • FWA
  • eMBB
  • uRLLC
  • mMTC

 

5G Services End-Use Outlook (Revenue – USD Million, 2020 – 2027)

  • Smart Cities
  • Connected Workers
  • Connected Vehicles
  • Connected Factories
  • Smart Buildings,
  • Smart Utilities
  • Connected Healthcare

 

5G Services Industry Vertical Outlook (Revenue – USD Million, 2020 – 2027)

  • Manufacturing
  • Energy & Utility
  • Media & Entertainment
  • IT & Telecom
  • Transportation & Logistics
  • Healthcare
  • Retail
  • Agriculture
  • O&G and Mining
  • BFSI
  • Construction
  • Real Estate

 

5G Services Regional Outlook (Revenue – USD Million, 2020 – 2027)

  • 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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Related Report:

5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, Service Node, DAS); By Core Network Technology (SDN, NFV); By Service (Platform, Software); By Organization Size (SMEs, Large Enterprises); By End Use ; By Region; Segment Forecast, 2020 – 2027

5G Infrastructure Market Share, Size, Trends, Industry Analysis Report, Communication Infrastructure (Small Cell, and Macro Cell); By Core Network Technology (SDN, NFV); By End Use (Commercial, Residential, Government, Industrial), By Regions; Segment Forecast, 2020 –2027

 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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