Global 5G Services
Market Report
2024
5G Services Market size is USD 130.7 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 60.7% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global 5G Services Market size is USD 130.7 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 60.7 % from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global 5G Services Market Sales Revenue 2024 | $ 130.7 Billion |
Global 5G Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 60.7% |
Market Split by Application |
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Market Split by Communication |
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Market Split by End-user |
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Market Split by Enterprise |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of 5G Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
5G Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The 5G Services Market encapsulates a spectrum of innovative offerings leveraging fifth-generation wireless technology. Defined by high-speed data transmission, ultra-low latency, and network slicing capabilities, these services cater to diverse needs, ranging from enhanced mobile broadband to transformative applications in industries like healthcare, transportation, and manufacturing. The 5G Services Market epitomizes the evolution of telecommunications, heralding a new era of connectivity and innovation. Leveraging blazing-fast speeds, seamless connectivity, and advanced features like network slicing and edge computing, these services redefine user experiences and enable transformative applications across sectors, driving economic growth and societal progress.
Industry 4.0 and IoT Integration - One key driver in the 5G Services Market is the integration of Industry 4.0 technologies and the Internet of Things (IoT) into various sectors, such as manufacturing, healthcare, and transportation, necessitates robust, high-speed connectivity provided by 5G services. With the promise of ultra-low latency and high reliability, 5G facilitates real-time data exchange, remote monitoring, and automation, driving the adoption of 5G-enabled solutions across industries. Consumer Demand for High-Speed Connectivity
Infrastructure Deployment Challenges Regulatory Hurdles and Spectrum Allocation Constraints
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In July 2022, Ericsson finalized its acquisition of Vonage, marking a significant strategic move for both entities.
(Source:https://www.ericsson.com/en/press-releases/2022/7/ericsson-completes-acquisition-of-vonage)
Top Companies Market Share in 5G Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America, extensive 5G infrastructure investments by telecom giants like Verizon, AT&T, and T-Mobile propel the region's dominance. Strong regulatory support and a robust ecosystem of technology companies further accelerate the rollout of 5G services, fostering innovation in sectors like entertainment, healthcare, and smart cities.
Asia-Pacific, rapid digital transformation, and government-led initiatives drive the region's remarkable growth in the 5G Services Market. Countries like China, South Korea, and Japan lead in 5G deployment, fostering a dynamic ecosystem of service providers, device manufacturers, and application developers. The region's large population and expanding middle-class fuel demand for high-speed connectivity and innovative digital services, further boost the adoption of 5G technologies.
The current report Scope analyzes 5G Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global 5G Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing 5G Services Industry growth. 5G Services market has been segmented with the help of its Application, Communication End-user, and others. 5G Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for 5G Services market.
Application of 5G Services analyzed in this report are as follows:
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According to Cognitive Market Research, Enhanced Mobile Broadband emerges as the largest segment in the 5G Services Market, catering to the widespread demand for high-speed internet access on mobile devices. Meanwhile, Ultra-Reliable Low-Latency Communications (URLLC) stands out as the fastest-growing segment, driven by the need for real-time connectivity in critical applications like autonomous vehicles and industrial automation, fostering innovation and market expansion.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global 5G Services Market is witnessing significant growth in the near future.
In 2023, the Smart cities segment accounted for noticeable share of global 5G Services Market and is projected to experience significant growth in the near future.
The Enhanced Mobile Broadband segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Verizon (USA) , Samsung Electronics (South Korea) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Application | Smart cities, Smart buildings, Industry 4.0, Autonomous vehicles, Smart Healthcare, Smart utilities, Immersive media & gaming, Other applications |
Communication | Enhanced Mobile Broadband, Massive Machine Type Communication, Ultra-Reliable Low-Latency Communications |
End-user | Consumers, Enterprises |
Enterprise | Banking Financial Services, & Insurance (BFSI), Retail & eCommerce, Healthcare & Life Sciences, Manufacturing, Telecom, IT & ITeS, Media & Entertainment, Construction & Real Estate, Government & Public Safety, Transportation & Logistics, Energy & Utilities, Education, Others |
List of Competitors | Verizon (USA), Huawei (China), Samsung Electronics (South Korea), Ericsson (Sweden), Nokia (Finland), AT&T (USA), China Mobile (China), Deutsche Telekom (Germany), Telefonica (Spain), NTT Docomo (Japan) |
This chapter will help you gain GLOBAL Market Analysis of 5G Services. Further deep in this chapter, you will be able to review Global 5G Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Communication Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-user Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Enterprise Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global 5G Services market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Smart cities have a significant impact on 5G Services market? |
What are the key factors affecting the Smart cities and Smart buildings of 5G Services Market? |
What is the CAGR/Growth Rate of Enhanced Mobile Broadband during the forecast period? |
By type, which segment accounted for largest share of the global 5G Services Market? |
Which region is expected to dominate the global 5G Services Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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