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Report
Global 5G Services Market Report and Forecast 2023-2028
Market Report I 2023-09-27 I 143 Pages I EMR Inc.
Global 5G Services Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global 5G services market is projected to grow at a CAGR of 49.6% between 2023 and 2028. Aided by the growing demand for high-speed connectivity and increasing digitalisation, the market is expected to grow significantly by 2028.
5G, or fifth-generation technology, promises faster data speeds, higher network bandwidth, and lower latency, thereby significantly enhancing the user experience across numerous applications. These include streaming services, IoT devices, autonomous vehicles, and high-performance edge computing. Furthermore, 5G's potential role in enabling advanced technologies like augmented reality (AR), virtual reality (VR), and Artificial Intelligence (AI) have positioned it as a game-changer in the digital landscape.
The increasing reliance on high-speed connectivity is a major driver of the global 5G services market growth. With the escalating proliferation of smart devices and the escalating consumption of digital content, there has been a remarkable surge in demand for high-speed, low-latency connections, fuelling the demand for 5G services. Moreover, the rising trend of remote work and learning due to the COVID-19 pandemic has further escalated the need for reliable and high-speed internet connections.
5G's diverse applications in various industries play a pivotal role in propelling the 5G services market development. In the automotive sector, 5G enables enhanced vehicle-to-vehicle communication, paving the way for autonomous driving. The healthcare industry stands to benefit greatly from 5G, enabling telemedicine, remote patient monitoring, and advanced robotic surgeries. In the realm of entertainment, 5G supports higher-quality streaming and gaming services, thereby significantly enhancing the user experience.
The burgeoning IoT sector is another major area that is set to thrive with the rollout of 5G services. 5G's low latency and high-speed data transmission capabilities make it a perfect fit for IoT applications, ranging from smart homes and industries to smart cities, contributing to the 5G services market expansion.
The growth of the global 5G services market is also fuelled by government initiatives promoting the adoption of 5G technology. Numerous countries worldwide are investing heavily in 5G infrastructure development and spectrum allocation, aiding the rapid rollout of 5G services.
Market Segmentation
The market can be divided based on end user industry and region.
Market Breakup by End User Industry
- IT and Telecom
- Media and Entertainment
- Automotive
- Energy and Utility
- Aerospace and Defence
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global 5G services companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Nokia Corporation
- Huawei Technologies Co Ltd.
- AT&T Inc.
- Deutsche Telekom AG
- Telefonaktiebolaget LM Ericsson
- Vodafone Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global 5G Services Market Analysis
8.1 Key Industry Highlights
8.2 Global 5G Services Historical Market (2018-2022)
8.3 Global 5G Services Market Forecast (2023-2028)
8.4 Global 5G Services Market by End User Industry
8.4.1 IT and Telecom
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Media and Entertainment
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Automotive
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Energy and Utility
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Aerospace and Defence
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global 5G Services Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America 5G Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe 5G Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific 5G Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America 5G Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa 5G Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nokia Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Huawei Technologies Co Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AT&T Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Deutsche Telekom AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Telefonaktiebolaget LM Ericsson
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Vodafone Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global 5G Services Market: Key Industry Highlights, 2018 and 2028
2. Global 5G Services Historical Market: Breakup by End Use (USD Million), 2018-2022
3. Global 5G Services Market Forecast: Breakup by End Use (USD Million), 2023-2028
4. Global 5G Services Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global 5G Services Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America 5G Services Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America 5G Services Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe 5G Services Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe 5G Services Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific 5G Services Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific 5G Services Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America 5G Services Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America 5G Services Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa 5G Services Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa 5G Services Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global 5G Services Market Structure.
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