Global 5G Services Market Overview:
5G is the fifth generation of cellular mobile expected to provide faster means of communication as compared to the proceeding technologies. It is designed to meet these needs by pooling bandwidth to boost speed and range. Global 5G service market is expected to have high growth during the forecasted period with rising demand for speed of the internet Some of the key players profiled in the study are Airtel (India), BT Group (United Kingdom), China Mobile (China), China Telecom (China), Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (United States), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (United Kingdom) and Verizon (United States). According to Market Analyst at AMA, the Global 5G Services market may see a growth rate of 17.83% and would reach the market size of USD115.82 Billion by 2024.
On the basis of geography, the market of 5G Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Smart Cities will boost the 5G Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Increase in the Connected IOT Devices
- Increase in Demand for Ultra-low Latency Connectivity Services
- Rise in Data Traffic
- Development of Connected IOT Devices
- Rising Dependency on the Machine to Machine Communication
- High Cost Required for Deployment of Network Services
- Transition From on-premise Legacy System to cloud-based Solution
- Vertical Focused Business Model
- Issues Related to a Global Spectrum
Target Audience:Telecom infrastructure vendors, Device manufacturers, Telecom network operators, Technology investors, Telecom software solution providers, Research organizations, universities, and consulting companies and Cellular technology-related associations, organizations, forums, and alliances
Major Objectives Focused through this Study To define, describe, and forecast the Global 5G Services market on the basis of product [Cognitive Radio Spectrum Sensing Techniques, Multi-Technology Carrier Aggregation and Massive MIMO] , application [mMTC and URLLC, eMBB and FWA], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the 5G Services market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the 5G Services industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Cisco Systems, Samsung Electronics, Qualcomm, Intel Corporation, Verizon Communications, LG, SK Telecom, Nokia Networks, NEC Corporation, Huawei and T-Mobile USA.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the 5G Services market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.