DUBLIN, December 22, 2022 /PRNewswire/ — The “Global Market for 5G Services by end user (consumer and enterprise), enterprise (manufacturing, media and entertainment, transportation and logistics, government), application, communication type (eMBB, MMTC, URLLC and FWA) and region – Forecast to 2027” has been added ResearchAndMarkets.com Offer.
The global market size for 5G services is expected to grow $107.0 billion 2022 to $331.1 billion to 2027 at a compound annual growth rate (CAGR) of 25.3% during the forecast period. Due to the high availability of 5G-compatible devices and heavy government investments in 5G services, the 5G ecosystem is expected to see a faster growth rate than other connectivity transformations. Other factors such as the high number of applications being developed that require low connection latency have led to high adoption of 5G services in developing countries.
The corporate segment is expected to grow at the highest CAGR during the forecast period
By expanding the scope of wireless technologies and increasing the autonomy of devices, 5G will be more inclusive, advanced, proven and powerful than any previous generation of communication technologies. There are a number of industries with particularly intense momentum and business opportunities surrounding 5G, such as telecom, media and entertainment, manufacturing, transport and public services. Each of these sectors has specific business issues related to 5G and hence the corporate segment is expected to grow at the higher CAGR over the forecast period.
Healthcare segment is projected to grow at the highest CAGR over the forecast period
5G services will prove highly efficient in healthcare, enabling remote patient monitoring, connected ambulance services, HD virtual consultations, video-enabled prescription management, etc. The lower latency of 5G enables real-time data and video to be sent to hospital/clinicians in emergency situations, and this will have a significant impact on the healthcare sector and people’s lives.
Asia Pacific (APAC) region to record the fastest growing region in the market for 5G services
Countries in APAC have high government investments in 5G services. The high population of countries in the region has also resulted in a higher number of subscribers for 5G, resulting in higher average revenue per user (ARPU) for 5G service providers. countries like China, South Korea, Australia and Japan have high technological growth. The presence of a developed technological infrastructure is also one of the main reasons behind the rollout of 5G services in all industries.
market dynamics
driver
- Increasing data traffic in the mobile network
- Need to transform the mobile broadband experience
- Accelerated digital transformation of industries
- Development of an intelligent infrastructure
- Timely availability of 5G compatible devices from multiple vendors
restrictions
- High cost of deploying 5G network
opportunities
- To go beyond connectivity and collaborate across sectors to deliver new, rich services
- Increasing demand for high-reliability, low-latency networks
- Unleashing a massive IoT ecosystem and critical communication services
challenges
- Delay in frequency harmonization in all regions
- Security concerns about 5G
Main topics covered:
1 Introduction
2 research methodology
3 Summary
4 premium insights
5 Market Overview
6 5G Services Market by Application
6.1 Introduction
6.1.1 Application: Market Drivers
6.2 Smart Cities
6.3 Affiliated Factories
6.4 Smart Buildings
6.5 Connected Vehicles
6.6 Connected Healthcare
6.7 Connected Retail
6.8 Smart Utilities
6.9 Other Applications
7 5G Services Market, by End User
7.1 Introduction
7.2 Consumer
7.3 Company
8 5G Services Market by Communication Type
8.1 Introduction
8.2 Fixed Wireless Access
8.3 Enhanced Mobile Broadband
8.4 Massive Machine-Like Communications
8.5 ultra-reliable low latency
9 5G Services Market, by Company
9.1 Introduction
9.2 Manufacturing
9.3 Media and Entertainment
9.4 Government
9.5 Energy and Utilities
9.6 Transportation and Logistics
9.7 Healthcare
9.8 Other companies
10 5G Services Market by Region
11 competitive landscape
12 company profiles
13 Neighboring/Related Markets
14 Appendix
companies mentioned
- Airtel
- At&T
- Bell Canada
- bt group
- China mobile device
- Chinese Telecom
- China Unicom
- Deutsche Telekom
- court
- Etisalat
- Kddi
- cat
- LgU+
- Mountain
- Ntt Docomo
- Orange SA
- Rakuten
- trust jio
- Rogers
- Sk telecom
- Stc
- Swisscom
- Telefonica
- Telenor Group
- Telstra
- Telus
- T Mobile
- Verizon
- Vodafone
For more information about this report, visit https://www.researchandmarkets.com/r/rtb0jc
Media contact:
research and markets
Laura WoodSenior managers
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SOURCE Research and Markets
