The growing need for high bandwidth to provide reliable communication to IoT devices is expected to drive the overall market growth

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DUBLIN, 25 November 2021 / PRNewswire / – The “Global 5G Services Market Size, Share and Trend Analysis Report 2021-2028” the report was added to ResearchAndMarkets.com offer.

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The global 5G services market size is expected to reach $ 664.75 billion by 2028, registering a CAGR of 46.2% from 2021 to 2028

It is estimated that the increasing demand for ultra-reliable, low latency data networks capable of providing enhanced mobile connectivity will drive the market growth during the forecast period. The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also expected to propel the market growth from 2021 to 2028.

5G wireless technology is expected to completely transform the transportation and logistics industry by providing seamless vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity. As such, the need to ensure strong, transparent and uninterrupted connectivity with autonomous vehicles should drive the adoption of 5G services.

In addition, the robust deployment of 5G network infrastructure is expected to improve operational efficiency in several IoT use cases, including smart homes, smart cities and Industry 4.0. Hence, the increasing need for high bandwidth to provide reliable communication to IoT devices is expected to increase the overall market growth during the forecast period.

In some countries, such as the United States, China, and Japan, the tendency to remotely monitor the energy systems of buildings is gradually increasing. This should open up new opportunities for 5G service deployment during the forecast period. As such, the growing need for remote asset monitoring, drone control and coordination, and smart grid control is expected to fuel the growth of the ultra-reliable, low latency communications (uRLLC) segment during the period. forecast.

Major market players, such as AT&T Inc., China Telecommunications Corporation and Verizon Communications, are investing in the deployment of 5G infrastructure to provide low latency services for faster machine-to-machine (M2M) communication. However, these market players should deliberate before investing due to the high prices of 5G spectrum.

Strict government regulations and policies regarding 5G wireless technology are also expected to hamper the growth of the market. Additionally, due to the global Covid-19 pandemic, governments in key countries have postponed the auction of 5G spectra. This is expected to hamper the growth of the market during the forecast period.

Highlights of the 5G Services Market Report

  • In North America, the United States is expected to reach nearly 148 billion dollars by 2028 due to growing demand for higher data speeds for several end-use applications, including M2M communications, energy and utility management, and intelligent mobility management

  • By type of communication, the enhanced mobile broadband (eMBB) segment is expected to hold the largest market share by 2028 due to the increasing attention of major market players on the deployment of high-speed and wireless data networks. low latency for residential and commercial applications, such as video conferencing, virtual meeting, and virtual reality (VR) and augmented reality (AR) games

  • On a vertical basis, the manufacturing segment is expected to register the fastest CAGR of over 50% during the forecast period due to the growing need for seamless connectivity to drive industrial devices including robots. and actuators.

  • Incumbents in the market focus on mergers and acquisitions to provide 5G services to strengthen their presence and expand their product portfolios

Main topics covered:

Chapter 1. Methodology and scope
1.1. Market segmentation and scope
1.2. Market definition
1.3. Acquisition of information
1.4. Analysis of information
1.5. Market formulation and data visualization
1.6. Data validation and publication

Chapter 2. Executive summary
2.1. Market outlook
2.2. Sector perspectives

Chapter 3. Market Variables, Trends and Scope Prospects
3.1. Mapping of penetration and growth prospects
3.2. Industry value chain analysis
3.3. Market dynamics
3.3.1. Market driver analysis
3.3.2. Analysis of market constraints
3.3.3. Analysis of market opportunities
3.4. 5G Services Market Analysis
3.4.1. Industry analysis – the five forces of the wearer
3.4.2. PEST analysis
3.5. Analysis of major transactions and strategic alliances
3.5.1. Joint ventures
3.5.2. Mergers and Acquisitions
3.5.3. Licenses & partnership
3.5.4. Technological collaborations
3.5.5. Strategic divestments
3.6. Framework of key government regulations in key countries
3.7. 5G spectrum framework in key countries

Chapter 4. Communication type of 5G Outlook services
4.1. 5G services market, by type of communication, 2020 and 2028
4.2. FWA
4.3. eMBB
4.4. uRLLC
4.5. mMTC

Chapter 5. Vertical Outlook for 5G Services
5.1. 5G services market, by vertical, 2020 and 2028
5.2. Manufacturing
5.3. Energy and utilities
5.4. Media and entertainment
5.5. IT & Telecom
5.6. Logistic transport
5.7. Aerospace and Defense
5.8. Health care
5.9. BFSI
5.10. Government and public security
5.11. Retail
5.12. Mining
5.13. Petroleum gas
5.14. Agriculture
5.15. Construction
5.16. Immovable

Chapter 6. Regional Outlook for 5G Services
6.1. 5G Services Market, By Region, 2020 and 2028

Chapter 7. Competitive analysis
7.1. Recent developments and impact analysis, by the main market players
7.2. Categorization of companies / competitions (key innovators, market leaders, emerging players)
7.3. Supplier landscape
7.4. Business analysis tools

Chapter 8. Competitive landscape
8.1. Company presentation
8.2. Financial performance
8.3. Benchmarking of services
8.4. Strategic initiatives

For more information on this report, visit https://www.researchandmarkets.com/r/ro38aw

Media contact:

Research and markets
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[email protected]

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