The 5G services market share is estimated to grow at a CAGR of 31.13% between 2022 and 2027. The size of the market is forecast to increase by USD 311.93 billion. The 5G services market will witness a YOY of 27.07% in 2023.
“Growing R&D and deployment of 5G network and Strategic collaboration among market players will boost the market growth”, says a senior analyst at Technavio.
Browse Technavio's 173-page report and in-depth TOC on "5G Services Market by end-user (consumers and enterprises), communication technology (embb, fwa, mmtc, and urllc), and geography (North America, APAC, Europe, Middle East and Africa, and South America).
View detailed Table of Contents Here: https://www.technavio.com/report/5g-services-market-industry-analysis
The 5G services market growth by the consumer segment will be significant during 2023-2027. In the 5G segment, the commercial deployments have been driven by enhanced mobile broadband (eMBB) services, which have elevated 4G LTE mobile broadband experiences to the next level, primarily connecting consumer smartphones and targeting consumer applications. North America will contribute 42% of the growth rate during the forecast period.
Some of the key 5G services market vendors are AT and T Inc., Bell Canada, Bharti Airtel Ltd., BT Group Plc, China Mobile Ltd., Deutsche Telekom AG, Etisalat, kt corp., MTN Group Ltd., Nippon Telegraph and Telephone Corp., Orange SA, Reliance Industries Ltd., Rogers Communications Inc., Saudi Telecom Co., SK Telecom Co. Ltd., T Mobile US Inc., Telefonica SA, Telstra Corp. Ltd., Verizon Communications Inc., and Vodafone Group Plc
Some of the Vendor Offerings are:
att.com- The company offers 5G services where one can enjoy fast 5G speeds while downloading the latest apps, sharing videos, and gaming.
airtel.in- The company offers 5G services which help to enjoy high-quality videos without buffering and delivers speed for better work productivity.
bt.com- The company offers 5G services which provide an integrated smart network with high-speed network connectivity for every daily use procedure.
Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download the PDF Sample Report
The 5G services market report covers in-depth information about key vendors and their product offerings.
The key driver, trends and challenges, market opportunities, and the detailed market impact analysis
Five force analysis to analyze the potential of buyers and suppliers and the competitive industry scenario.
5G services industry across North America, APAC, Europe, Middle East and Africa, and South America.