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The global 5G services market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 45% during 2021-2026. 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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global 5G services market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, communication type and end use.
Breakup by Communication Type:
Breakup by End Use:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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.|
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