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5G Services Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71268
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“The 5G Services Market is poised to grow by USD 170.30 billion during 2022-2026, accelerating at a CAGR of 30.31% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers market segmentation by end-user (consumer and enterprise) and geography (North America, APAC, Europe, MEA, and South America).  The market report also offers information on several market vendors, including AT and T Inc., Bharti Airtel Ltd., BT Group Plc, Deutsche Telekom AG, Nippon Telegraph and Telephone Corp., Orange SA, SK Telecom Co. Ltd., Telstra Corp. Ltd., Verizon Communications Inc., and Vodafone Group Plc among others.

What will the 5G Services Market Size be During the Forecast Period?

5G Services Market Size

Download the Report Sample to Unlock the 5G Services Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

Our Technavio Research categorizes the report belonging to the Diversified Consumer Services Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

5G Services Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global 5G Services Market belonging to the Consumer Services Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key 5G Services Market Driver

  • One of the key factors driving growth in the 5G services market is the growing R&D and deployment of the 5G network. R&D in 5G hardware is increasing. The increase in R&D activities, along with the improvement of items joining trend-setting innovations, are probably going to increment during the conjecture time frame.
  • In October 2019, Qualcomm Inc. (Qualcomm) announced $200 million in venture subsidies for organizations constructing the 5G. Since 2018, Ericsson has been focusing on 5G R&D and has contributed more than $350 million to 5G R&D. The organization is focused on creating 5G and other imaginative portable innovations.
  • In January 2020, Chinese vendor Huawei completed 5G New Radio testing using a 2.6 GHz spectrum in the 5G trial organized by the IMT-2020 (5G) promotion group. The company's dominating position in test completion and newly acquired results further accelerate the progress of 5G technology R&D and help in forming a set of unified global standards to impressively conclude China's second phase of the 5G test.
  • The evolution of 5G technology will compel vendors to develop wireless test equipment that effectively supports the technology. Vendors are racing for 5G network deployment, especially in the Americas.
  • In December 2019, Qualcomm offered an optional 5G modem for its flagship Snapdragon 855 processor and launched its newest version 865 which mandates the use of 5G modems. Similarly, in June 2019, T-Mobile launched 5G in six US cities: Atlanta, Cleveland, Dallas, Las Vegas, Los Angeles, and New York. Similarly, the Government of India is working to create a fund for the development of 5G technology. The government had created a high-level committee to work on a roadmap for the 5G rollout by 2020. All these factors will have a positive impact on the global 5G services market during the forecast period.

Key 5G Services Market Challenge

  • The high deployment cost of 5G technology will be a major challenge for the 5G services market during the forecast period. The acquisition cost of 5G technology is very high. The high installation cost of small cell networks and limited security for remotely placed outdoor power systems are among the concerns that are expected to hamper the growth of the global 5G test equipment market.
  • Large organizations in the industry are compelled to adhere to stringent regulations laid out by telecommunication standard organizations. Persistent pressure for competitive pricing by customers has affected the profit margins of companies. For instance, data tariffs are almost similar to those of 3G and LTE broadband communications.
  • The market is expected to face a challenge due to the high cost of new frequency spectrum releases. The deployment cost for LTE infrastructure alone will be more than $200 billion, which would be greater than upgrade costs and virtual data centre processing costs.
  • In the US alone, the capital required to set up 5G infrastructure is expected to be approximately $100 billion by 2020. In addition, designing and maintaining complex network virtual applications within an allocated budget is important for efficient 5G operations. 

Who are the Major 5G Services Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

 

  • AT and T Inc.
  • Bharti Airtel Ltd.
  • BT Group Plc
  • Deutsche Telekom AG
  • Nippon Telegraph and Telephone Corp.
  • Orange SA
  • SK Telecom Co. Ltd.
  • Telstra Corp. Ltd.
  • Verizon Communications Inc.
  • Vodafone Group Plc

 

5G Services Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for the 5G Services Market?

5G Services Market Share by Geography

42% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for 5G services in North America. Market growth in this region will be faster than the growth of the market in other regions.

What are the Revenue-generating End User Segments in the 5G Services Market?

5G Services Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The 5G services market share growth by the consumer segment has been significant. The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

5G Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 30.31%

Market growth 2022-2026

$ 170.30 billion

Market structure

Fragmented

YoY growth (%)

25.20

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 42%

Key consumer countries

US, Canada, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AT and T Inc., Bharti Airtel Ltd., BT Group Plc, Deutsche Telekom AG, Nippon Telegraph and Telephone Corp., Orange SA, SK Telecom Co. Ltd., Telstra Corp. Ltd., Verizon Communications Inc., and Vodafone Group Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this 5G Services Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of 5g services market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Consumer - Market size and forecast 2021-2026
    • Enterprise - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AT and T Inc.
      • Bharti Airtel Ltd.
      • BT Group Plc
      • Deutsche Telekom AG
      • Nippon Telegraph and Telephone Corp.
      • Orange SA
      • SK Telecom Co. Ltd.
      • Telstra Corp. Ltd.
      • Verizon Communications Inc.
      • Vodafone Group Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      5G Services Market market growth will increase by $170.30 billion during 2022-2026.
      The 5g services market market is expected to grow at a CAGR of 30.31% during 2022-2026.
      Technavio has segmented the 5g services market market by end user (Consumer and Enterprise) and geographic (North America, APAC, Europe, MEA, and South America).
      AT and T Inc., Bharti Airtel Ltd., BT Group Plc, Deutsche Telekom AG, Nippon Telegraph and Telephone Corp., Orange SA, SK Telecom Co. Ltd., Telstra Corp. Ltd., Verizon Communications Inc., Vodafone Group Plc are a few of the key vendors in the 5g services market market.
      North America will register the highest growth rate of 42% among the other regions. Therefore, the 5g services market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the 5g services market market growth are:
      • Growing R&D and deployment of 5G network
      The 5g services market market vendors should focus on grabbing business opportunities from the consumer segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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