In, Next Move Strategy Consulting. mMTC focuses on providing services for high connection density applications, such as smart buildings and smart cities. The next generation 5G technologies are increasingly being used in public transportation applications. You will be added to our mailing list. Get a 20% discount on the total cart amount - valid till Dec 31st, 2021. Revenue forecasts for this period are segmented based on solution type, end use, application, industry and geography. Your transaction & personal information is safe and secure. Which segment accounted for the largest 5G services market share? statistic alerts) please log in with your personal account.

Already a member? This will help companies gain a huge customer base in the market. The global COVID-19 pandemic has drastically affected businesses across the world. Many industry verticals are focusing on technological transformations to improve their overall productivity and operational efficiency as part of the efforts to sustain in a highly competitive environment. Depending on the industry, some businesses can make full use of 5G capabilities, especially those needing the high speed, low latency, and network capacity that 5G is designed to provide.

Login to access this report free. Please create an employee account to be able to mark statistics as favorites. Reports are discounted or included with certain, All reports provided in PDF format. Check out more related studies published by Grand View Research: Browse through Grand View Research's Next Generation Technologies Industry Research Reports. Edge computing allows huge volumes of data to be processed close to the data source. If you are an admin, please authenticate by logging in again. The companies operating in the market have adopted strategies such as collaboration, partnership, product launch, R&D, and acquisition, to increase their market share and expand their geographical presence. Gartner has projected that the number of IoT devices will surge to 50 billion by 2020. The aggressive investments in the country in building smart homes, establishing smart industries, and rolling out smart city projects are expected to contribute to the growth of the regional market over the forecast period. BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports.

These investments are estimated to propel the growth of the Asia Pacific regional market over the forecast period. The global 5G services market size was valued at USD 47.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 52.0% from 2022 to 2030. Product launch, product development, and collaboration are the prominent strategies adopted by the market players.

These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. By application, it is segmented into automation, monitoring & tracking, connected vehicle, smart surveillance, VR & AR, enhanced video services, and others. To use individual functions (e.g., mark statistics as favourites, set Avail customized purchase options to meet your exact research needs. Various industry verticals will likely leverage the COVID-19 situation to expedite their 5G-based technology investment for running their operations.

Moreover, the strong emphasis on providing reliable and robust communication during natural disasters, such as floods, hurricanes, and earthquakes, is further estimated to spur the adoption of 5G services. The global market for 5G technologies reached nearly $32.4 billion in 2018 and should reach $105.4 billion by 2023, at a compound annual growth rate (CAGR) of 26.6% for the period of 2018-2023.

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The report will account for Covid-19 as a key market contributor. 5G technology can operate in mmwave bands i.e.

You only have access to basic statistics. While there are a lot of uncertainties and slowdowns across the world due to the COVID-19 pandemic, there is new investment expected in technologies associated with 5G and these investments will change the way the industry runs its operations. Moreover, local administrative bodies are charging huge amount for small cell deployments near street furniture. Free business intelligence platform with subscription, 4. This is expected to open new opportunities for rolling out 5G services over the forecast period. In addition, there is a big push toward IoT, AR/VR, computer vision, autonomous systems, and robotics across industries, powered by 5G. Moreover, key market players are also investing heavy amounts in acquiring the necessary spectrum.

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Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.

The key players profiled in the report include Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation.

b.

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Based on connectivity, it is segregated into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC). Explore purchase options. Thus, the COVID-19 pandemic had a positive impact on the 5G technology industry.

The development requirements of the new 5G network are also expanding beyond the traditional mobile networking players to industries such as the automotive industry.

Free upgrade to enterprise license (allows to share across all company locations), 5. The forecast period and the study period for this report are from 2021 to 2030. "The quality of research they have done for us has been excellent.". However, these market players are expected to deliberate before making investments owing to the high 5G spectrum prices. 5G is a next-generation cellular technology that will provide high speed reliable communication at ultra-low latency levels. The company plans to utilize the spectrum to provide next-generation improved internet services in the U.K. Thus, the high spectrum prices and the subsequent hike in 5G service subscription prices are expected to hinder the market growth to some extent. Most of these investments are for the deployment of the next-generation infrastructure for the media & entertainment, transportation & logistics, healthcare, and manufacturing industry verticals. and over 1Mio. Free trial, before you make a purchase decision. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Moreover, edge computing helps reduce privacy and security concerns. 5G services would be playing a crucial role in providing seamless Vehicle-to-Infrastructure (V2I) communication and Vehicle-to-Vehicle (V2V) communication to reduce the chances of accidents on roads.

Grand View Research has segmented the global 5G services market on the basis of communication type, vertical, and region: 5G Services Communication Type Outlook (Revenue, USD Billion, 2020 - 2030), 5G Services Vertical Outlook (Revenue, USD Billion, 2020 - 2030), 5G Services Regional Outlook (Revenue, USD Billion, 2020 - 2030), List of Key Players of 5G Services Market. Will this have an impact on the commercialization of commercial 5G standalone deployments? This is the primary outcome due to social distancing, containment, and work-from-home arrangements.

One of the major hurdles for bringing smart cities into reality has been the need for immense speed and bandwidth to handle vast amounts of data. In wake of the ongoing COVID-19 outbreak, telecom regulators worldwide have postponed their plans of 5G spectrum auction. The global market for wireless connectivity technologies is estimated to grow from $65.2 billion in 2021 to $130.6 billion by 2026, at a compound annual growth rate (CAGR) of 14.9% during the forecast period of 2021-2026. 5G technology is used across three main types of connected services, including enhanced mobile broadband, mission-critical communications, and the massive IoT.

Tell us more. The global 5G technologies market should reach $228.6 billion by 2026 from $18.8 billion in 2021 at a compound annual growth rate (CAGR) of 64.9% for the forecast period of 2021 to 2026. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers.

The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also anticipated to propel market growth from 2022 to 2030. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook

Apart from energy & utilities and healthcare, transportation & logistics is another industry vertical that can offer potential opportunities to this market. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2022 to 2030. b. The growing emphasis on ensuring a safe and enhanced driving experience with connected vehicles is expected to drive market growth over the forecast period.

In addition to making smartphones better, 5G mobile technology can usher in new immersive experiences such as VR and AR with faster, more uniform data rates, lower latency, and lower cost-per-bit. In some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is rising gradually.

5g market technology surpass 2028 mn end valuewalk prevails dominance countries western research Moreover, the high demand for smartphones supporting higher data speeds has resulted in the robust production of 5G-enabled smartphones across the region.

within the high frequency spectrum ranging from 24 to 100 GHz that facilitates faster data delivery. idc market global marketscape chart scape firm Information about key drivers, restrains, & opportunities and their impact analysis on the global 5G technology market size are provided in the report. The enhanced Mobile Broadband (eMBB) segment dominated the market with a share of more than 42% in 2021 and is expected to grow considerably over the forecast period. 5G wireless mobile services enable a fully mobile and connected environment by delivering a wide range of use cases and business models to consumers. The manufacturing vertical segment is expected to register the fastest CAGR over the forecast period due to the growing need for seamless connectivity to drive industrial devices including robots and actuators. 5G technologies will help deliver unmatched data speeds while improving the overall user experience and enhancing real-time data processing capabilities.

According to IDC, investments in smart city tech is projected to reach $135 billion by 2021. Moreover, adoption of SD-WAN at employee personal workspace will increase, clearly enabling good QoS and better security controls, both provided by a 5G network. Need a custom data table, graph or complete report? Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information

These players have adopted various strategies to increase their market penetration and strengthen their position in the 5G technology industry.

By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.

The data generated by these devices is also growing exponentially. July 22, 2021. As such, production lines are being automated continuously to enhance overall productivity. Furthermore, the impact of 5G is much greater than previous network generations. For instance, in April 2018, the BT Group plcs Enterprise (EE) segment acquired 40 MHz of 3.4 GHz spectrum (3540 - 3580 MHz spectrum frequencies) for around USD 426.5 million. The IT & telecom segment led the market in 2021 and held the largest revenue share of over 20%. The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period.

The global 5G technology market was valued at $5.13 billion in 2020, and is projected to reach $797.80 billion by 2030, growing at a CAGR of 65.8% from 2021 to 2030. $39 per month*

According to a report by Accenture, smart city solutions that are applied to the management of vehicle traffic and electrical grids can considerably save energy usage, traffic congestion and fuel costs, and can help save up to $160 billion.

Pandemic disrupted the entire world and affected many industries. As such, the growing need for remote asset monitoring, drone control, coordination, and smart grid control is anticipated to fuel the growth of the ultra-Reliable Low-Latency Communications (uRLLC) segment over the forecast period. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at. The global market for 5G infrastructure should grow from $12.9 billion in 2021 to $115.4 billion by 2026, at compound annual growth rate (CAGR) of 55.0% for the period of 2021-2026.

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Edge computing facilities real-time analysis with faster response times while improving reliability and overall performance. Thank you for your interest in BCC Research. The continued emphasis on improving energy monitoring and management as well as gaining better control of the energy generation and distribution network is also expected to boost the market growth over the forecast period. Corporate solution including all features. Service providers would have no other option but to pass on these costs to the end-users. The 5G technology market includes 5G connectivity technologies such as enhanced mobile broadband, ultra-reliable low latency communications, and massive machine type communications. facts. Learn more about how Statista can support your business. However, the outbreak of the COVID-19 has put the deployment of several 5G cores and base station infrastructures on hold across the globe. Porters five forces analysis illustrates the potency of buyers and suppliers operating in the market. Asia Pacific led the market in 2021 with a share of over 38.5% and is estimated to expand further at the fastest CAGR during the forecast period. For instance, in September 2018, T-Mobile signed an agreement with Ericsson to support T-Mobiles 5G deployment in the U.S.

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