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5G Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global 5G services market is expected to exhibit a CAGR of 52% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

5G services refer to fifth-generation mobile network wireless technology that virtually connects people, machines, objects and devices. They offer high-speed data, ultra-low latency, increased reliability, excellent network capacity, and uniform user experience. 5G services transmit data over wireless broadband connections at a multigigabit speed. 5G technology is a unified air interface designed with an extended capacity for offering a next-generation user experience, empowering new deployment models and delivering new services. Moreover, 5G services help expand the mobile ecosystem by facilitating a wide range of industries, including safer transportation, precision agriculture, digitized logistics, and remote healthcare.

 

 
 

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5G Services Market Trends:

The global 5G services market is primarily driven by the increasing dependency on machine-to-machine communication and the rising mobile data traffic volume. 5G services enable a fully mobile environment by increasing the amount of data transmitted over a wireless system based on high bandwidth and advanced antenna technology. The rising demand for broadband subscriptions and the growing need for high speed and extensive network coverage is also propelling the market growth. Besides this, 5G services are rapidly being adopted as they enhance user experience in virtual reality (VR) and augmented reality (AR), seamless video calling, and ultra-high definition (UHD) video streaming. Furthermore, the integration of 5G services with the Internet of Things (IoT) in day-to-day activities has facilitated high-speed data connectivity in applications, including smart home energy management, thereby creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global 5G services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on communication type and end use.

Breakup by Communication Type:

 

 
 

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  • Fixed Wireless Access (FWA)
  • Enhanced Mobile Broadband (eMBB)
  • Ultra-Reliable and Low Latency Communications (uRLLC)
  • Massive Machine-Type Communications (mMTC)
     

Breakup by End Use:

  • IT and Telecom
  • Media and Entertainment
  • Automotive
  • Energy and Utility
  • Aerospace and Defense
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Bharti Airtel Ltd., BT Group plc, China Mobile Limited, China Telecom Corporation Limited, Deutsche Telekom AG, KT Corp., NTT Docomo Inc. (Nippon Telegraph and Telephone), Saudi Telecom Company, SK Telecom Co. Ltd., T-Mobile USA INC, Verizon Communications Inc. and Vodafone Group plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Communication Type, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AT&T Inc., Bharti Airtel Ltd., BT Group plc, China Mobile Limited, China Telecom Corporation Limited, Deutsche Telekom AG, KT Corp., NTT Docomo Inc. (Nippon Telegraph and Telephone), Saudi Telecom Company, SK Telecom Co. Ltd., T-Mobile USA INC, Verizon Communications Inc. and Vodafone Group plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global 5G Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Communication Type
    6.1    Fixed Wireless Access (FWA)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Enhanced Mobile Broadband (eMBB)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Ultra-reliable and Low Latency Communications (uRLLC)
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Massive Machine-type Communications (mMTC)
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by End Use
    7.1    IT and Telecom
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Media and Entertainment
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Automotive
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Energy and Utility
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Aerospace and Defense
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    AT&T Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Bharti Airtel Ltd.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    BT Group plc
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    China Mobile Limited
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    China Telecom Corporation Limited
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Deutsche Telekom AG
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    KT Corp.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    NTT Docomo Inc. (Nippon Telegraph and Telephone)
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    Saudi Telecom Company
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    SK Telecom Co. Ltd.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    T-Mobile USA INC
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
        13.3.12    Verizon Communications Inc.
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
           13.3.12.3 Financials
           13.3.12.4 SWOT Analysis
        13.3.13    Vodafone Group plc
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio
           13.3.13.3 Financials
           13.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: 5G Services Market: Major Drivers and Challenges
Figure 2: Global: 5G Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: 5G Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: 5G Services Market: Breakup by Communication Type (in %), 2021
Figure 5: Global: 5G Services Market: Breakup by End Use (in %), 2021
Figure 6: Global: 5G Services Market: Breakup by Region (in %), 2021    
Figure 7: Global: 5G Services (Fixed Wireless Access-FWA) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: 5G Services (Fixed Wireless Access-FWA) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: 5G Services (Enhanced Mobile Broadband-eMBB) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: 5G Services (Enhanced Mobile Broadband-eMBB) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: 5G Services (Ultra-reliable and Low Latency Communications-uRLLC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: 5G Services (Ultra-reliable and Low Latency Communications-uRLLC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: 5G Services (Massive Machine-type Communications-mMTC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: 5G Services (Massive Machine-type Communications-mMTC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: 5G Services (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: 5G Services (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: 5G Services (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: 5G Services (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: 5G Services (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: 5G Services (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: 5G Services (Energy and Utility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: 5G Services (Energy and Utility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: 5G Services (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: 5G Services (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: 5G Services (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: 5G Services (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: 5G Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: 5G Services Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: 5G Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: 5G Services Industry: SWOT Analysis
Figure 77: Global: 5G Services Industry: Value Chain Analysis
Figure 78: Global: 5G Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: 5G Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: 5G Services Market Forecast: Breakup by Communication Type (in Million US$), 2022-2027
Table 3: Global: 5G Services Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 4: Global: 5G Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: 5G Services Market: Competitive Structure
Table 6: Global: 5G Services Market: Key Players


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Key Questions Answered in This Report

We expect the global 5G services market to exhibit a CAGR of 52% during 2022-2027.

The increasing need for high speed and extensive network coverage, along with the growing mobile data traffic volume for broadband subscriptions, is primarily driving the 5G services market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of 5G services for real-time access of files and applications in remote working and virtual learning scenario, during the implementation of lockdown regulations across several nations.  

 

Based on the communication type, the global 5G services market has been divided into Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low Latency Communications (uRLLC), and Massive Machine-Type Communications (mMTC). Currently, Enhanced Mobile Broadband (eMBB) holds the majority of the total market share.

Based on the end use, the global 5G services market can be categorized into IT and telecom, media and entertainment, automotive, energy and utility, aerospace and defense, and others. Among these, the IT and telecom sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global 5G services market include AT&T Inc., Bharti Airtel Ltd., BT Group plc, China Mobile Limited, China Telecom Corporation Limited, Deutsche Telekom AG, KT Corp., NTTDocomo Inc. (Nippon Telegraph and Telephone), Saudi Telecom Company, SK Telecom Co. Ltd., T-Mobile USA INC, Verizon Communications Inc., and Vodafone Group plc.

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