Report Id: SNS/ICT/1751 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The 5G Services market size was valued at USD64.30 Bn in 2021 and is expected to reach USD 435.37Bn by 2028, and grow at a CAGR of 31.42% over the forecast period 2022-2028.
The 5th generation of networks is referred to as 5G. 5G is the most recent and freshly developed wireless network, which follows the 1G, 2G, 3G, and 4G series. The 5G network enables easy and quick integration of devices, machines, and objects, as well as virtual connectivity. The 5G network does not have a single owner, but numerous businesses in the mobile sector are trying to make the network a reality. The 5G network is said to be based on Orthogonal frequency-division multiplexing as far as the fundamental technologies are concerned.
5G can give improved performance and can even operate in lower bands, such as mm-Wave (24GHz and upwards), reducing latency. 5G is expected to enable next-generation user experiences, bring new services, and even allow the usage of newer models due to its increased capacity. IoT, faster mobile broadband, and mission-critical communications are all examples of services that employ 5G. With more consistent data speeds, less distortion, and low latency, 5G services can unleash realistic virtual reality and augmented reality experiences. 5G has the potential to have a significant influence on sectors.
Ericsson has agreed to buy Cradlepoint, the market leader in Wireless Edge WAN 4G and 5G Enterprise solutions in the United States, in 2022. The investment is critical to Ericsson's continued aim of gaining market share in the fast-growing 5G Enterprise arena. Ericsson's existing 5G Enterprise portfolio, which comprises Dedicated Networks and a worldwide IoT platform, is supplemented by Cradlepoint.
IMPACT OF COVID-19:
The COVID-19 epidemic has had an impact on many aspects of society, including individuals and corporations. During the COVID-19 epidemic, the telecom sector is playing a critical role in supporting governments' digital infrastructure all around the world. Every individual and government, including federal, state, central, municipal, and provincial governments, has been in continual contact with one another in society to supply and receive real-time information on COVID-19.
COVID-19 instances are increasing by the day, with multiple infected cases on the increase. COVID-19 has a significant influence on major organizations and SMEs, as it does on people. Manufacturing, automotive, textiles, transportation and logistics, travel and hospitality, and consumer products have all been shut down as a result of country-level lockdowns throughout the world. Since the dawn of time, SMEs have served as the economic backbone. Because to the COVID-19 epidemic, SMEs are now the most affected.
In 2021, the enhanced Mobile Broadband (eMBB) category led the market, and it is predicted to continue to rise significantly throughout the forecast period. The high percentage is due to 5G network operators' initial focus on offering expanded internet capabilities for applications like high-speed cloud-based gaming, AR/VR, UHD video, and continuous video conversations. From 2022 to 2028, the massive Machine-Type Communications (mMTC) segment is predicted to grow at the quickest rate. Massive machine-type communications are envisioned as a way to meet the rising need for a well-developed digital environment. mMTC focuses on delivering services for applications that require a high level of connectivity, such as smart buildings and smart cities.
The enterprise segment of the end-user market is estimated to grow at the fastest rate during the forecast period. The most major benefit of 5G will be its capacity to deliver the continuous connection to infrastructures, machines, and things, rather than connecting individuals. 5G is expected to provide the foundation platform for a number of new vertical applications, including manufacturing, transportation, and healthcare. However, the capabilities and standards needed to open up a new world of corporate services are still in the works. As a result, commercial 5G corporate applications like Industry 4.0 factories, self-driving vehicles, and robotic surgery have already begun to be implemented. Edge computing in conjunction with 5G network slicing will help latency-sensitive and time-sensitive applications, such as automated vehicle driving and telerobotics.
In 2021, the IT & telecom category topped the market and had the highest revenue share. Due to major expenditures by key companies on the newest communication technologies, the segment is likely to maintain its dominance during the projection period. Over the projected period, the IT & telecom industry is expected to rise due to rising demand for greater data speeds for household and commercial applications. The industrial industry is increasingly digitizing. The demand for flawless wireless communication between robots, sensors, actuators, and other equipment put in industrial facilities has arisen as a result of this. As a result, the manufacturing industry is predicted to grow at the quickest rate throughout the projection period.
KEY MARKET SEGMENTS:
On The Basis of communication types
On The Basis of end Users
On The Basis of Verticals
IT & Telecom
Energy and Utilities
Media and Entertainment
Transportation and Logistics
The Global 5G Services Market is divided into four regions: North America, Asia-Pacific, Europe, and the rest of the world. Because the key companies are substantially investing in technology and improving the infrastructure that will support the new technologies, the Asia-Pacific region is projected to dominate the market share. Transportation and logistics, media and entertainment, manufacturing, healthcare, and other industries are expected to benefit from the technology. Furthermore, due to significant investments in the creation of smart homes, industries, and the construction of smarter cities, North America is positioned to be the second-best region.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are 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.
|Market Size in 2021||US$ 64.30 Bn|
|Market Size by 2028||US$ 435.37 Bn|
|CAGR||CAGR of 31.42% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Communication types (FWA, eMBB, URLLC, MMTC)
• by End-Users (Consumers and Enterprises)
• by Verticals (IT & Telecom, Manufacturing, Energy and Utilities, Media and Entertainment, Government, Transportation and Logistics, Healthcare, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||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.|
|Key Drivers||• Increasing data traffic on mobile networks
• The mobile broadband experience must be transformed
|Market Opportunities||• To go beyond connection and work across industries to provide new, rich services
• Demand for high-reliability, low-latency networks is growing
Frequently Asked Questions (FAQ) :
Ans: -The 5G Services market size was valued at USD64.30 Bn in 2021.
Ans: - Increasing data traffic on mobile networks and the mobile broadband experience must be transformed.
Ans: - In 2021, the IT & telecom category topped the market and had the highest revenue share.
Ans: - The major key players are 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.
Ans: - The study includes a comprehensive analysis of Digital Printing Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. 5G Services Market Segmentation, by communication types
9. 5G Services Market Segmentation, by end-Users
10. 5G Services Market Segmentation, by Verticals
10.1 IT & Telecom
10.3 Energy and Utilities
10.4 Media and Entertainment
10.6 Transportation and Logistics
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 AT&T Inc.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Bharti Airtel Limited
12.3 BT Group plc
12.4 China Mobile Ltd.
12.5 China Telecom Corporation Limited
12.6 Deutsche Telekom AG
12.7 KT Corporation
12.8 NTT Docomo
12.9 Reliance Jio
12.10 SK Telecom Co., Ltd.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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