5G Services Market Size, Growth Analysis, Forecast 2023-28

5G Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4027

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Market Overview:

The global 5G services market is expected to exhibit a growth rate (CAGR) of 49% during 2023-2028.

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.

Global 5G Services Market Report

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.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global 5G services market report, along with forecasts at the global, regional and country level from 2023-2028 Our report has categorized the market based on communication type and end use.

Breakup by Communication Type:

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

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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	2022
Historical Period	2017-2022
Forecast Period	2023-2028
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 Five User License: US$ 3499 Corporate License: US$ 4499
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)

Key Questions Answered in This Report

We expect the global 5G services market to exhibit a CAGR of 49% during 2023-2028.

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 global 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., 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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