5G Services Market Growth Overview On Top Key Players Forecast To 2030

Published: 2024-07-27
Views: 133
Author: swati1234
Published in: Business

5G Services Market Report Overview:

The primary goal of MMR's 5G Services market report is to assist clients in making informed business decisions. This involves identifying areas that require improvement, recognizing well-performing segments, and guiding new entrants in navigating and establishing their presence within the competitive landscape. The report also sheds light on the existing challenges within the 5G Services market.

Anticipated Growth in Revenue:

5G Services Market size was valued at USD 113.44 Bn. in 2023 and the total revenue is expected to grow by 28.90% from 2024 to 2030, reaching nearly 670.74 Bn.

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5G Services Market Scope and Research Methodology

The report offers a comprehensive analysis of global 5G Services market trends, forecasts, and financial aspects. It presents an in-depth examination of segments and sub-segments within both global and regional 5G Services markets. Utilizing a bottom-up approach, the report delves into estimations of market size. The 5G Services Market report encompasses essential information about key market participants and emerging players, including their services, revenue, financial standing, portfolios, growth strategies, and regional presence. Future market size and growth rate predictions, alongside current and prospective trends in the 5G Services market, are also provided.

The report delves into demand projections, market trends, and micro and macro factors in detail. It identifies drivers and constraints impacting the growth of the 5G Services market. Employing both qualitative and quantitative methods, the research employs tools such as SWOT, PESTLE, and Porter's Five Forces for the analysis of the 5G Services market. The analysis identifies key upcoming developments projected to shape demand within the 5G Services market over the forecast period.

5G Services Market Regional Revelations:

Geographically, 5G Services market report is segmented into several key regions are as follows,

• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• North America (the United States, Mexico, and Canada.)
• South America (Brazil etc.)
• The Middle East and Africa (GCC Countries and Egypt.)

5G Services Market Segmentation:

by Communication Type

Fixed Wireless Access (FWA)
Ultra-reliable and Low Latency Communications (uRLLC)
Enhanced Mobile Broadband (eMBB)
Massive Machine-type Communications (mMTC)

Fixed Wireless Access (FWA), Ultra-reliable and Low Latency Communications (uRLLC), Enhanced Mobile Broadband (eMBB), and Massive Machine-type Communications (mMTC) are the segments of the 5G Services Market. In 2023, the Enhanced Mobile Broadband (eMBB) segment accounted for 41.22% of the market, the biggest share. A significant chunk can be attributed to 5G network operators' early focus on providing enhanced internet capabilities for applications such as uninterrupted video calls, quick cloud gaming, augmented and virtual reality, and UHD video. The first phase of the rollout is anticipated to focus on a non-standalone 5G wireless network design. Extremely high broadband connections are available with eMBB for both residential and business use.

by End Users

Consumers
Enterprises

The market for 5G services is divided into two segments: consumers and enterprises. In terms of market share accounting, the enterprises segment dominated in 2023. It is expected that 5G's ability to seamlessly connect machines, infrastructure, and other objects—rather than people—will yield the majority of its benefits. 5G will serve as the foundation for several new applications in the manufacturing, transportation, and healthcare sectors. Currently in development are the capabilities and standards required to unlock a new realm of enterprise services. Consequently, commercial 5G corporate applications such as robotic surgery, driverless cars, and Industry 4.0 factories have already entered the implementation stage. Edge computing would be especially beneficial for applications like telerobotics and automated driving that demand low latency and fast reaction times.

by Enterprises

Manufacturing
Energy and Utilities
Media and Entertainment
Government
Transportation and Logistics
Healthcare
Others

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5G Services Market Key Players:

1. Intel (United States)
2. Anokiwave (United States)
3. Broadcom (United States)
4. Analog Devices (United States)
5. AT&T (United States)
6. International Business Machines (United States)
7. Qorvo (United States)
8. Xilinx (United States)
9. Verizon (United States)
10.Sprint (United States)
11.Qualcomm Technologies (United States)
12.Integrated Device Technology (United States)
13.BT Group (United Kingdom)
14.Vodafone (United Kingdom)
15.Infineon Technologies (Germany)
16.Deutsche Telecom (Germany)
17.Ericsson (Sweden)
18.Nokia (Finland)
19.Airtel (India)
20.China Mobile (China)
21.China Telecom (China)
22.Korea Telecom (South Korea)
23.Saudi Telecom Company (Kuwait)
24.SK Telecom (South Korea)
25.Telstra (Australia)

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Key questions answered in the 5G Services Market are:

• What was the 5G Services market size in 2024?
• What is the growth rate of the 5G Services Market?
• Which are the factors expected to drive the 5G Services market growth?
• What are the different segments of the 5G Services Market?
• What are the factors restraining the growth of the 5G Services Market?
• What segments are covered in the 5G Services Market?
• Who are the key players in the Global 5G Services market?
• What are the upcoming industry applications and trends for the 5G Services Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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