5G Services Market by Communication Type (eMBB, URLLC, mMTC), End User (Consumers and Enterprises), Application (Industry 4.0, Smart Cities, Smart Buildings), Enterprises (Manufacturing, Telecom, Retail & eCommerce) and Region - Global Forecast to 2028
Application, Communication type, End user, Enterprise, and Region
Regions covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
The 5G Services market is estimated at USD 121.8 billion in 2023 to USD 1002.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 52.4%. The proliferation of 5G-compatible smartphones has emerged as a pivotal driver within the consumer segment, fueling the widespread adoption of 5G technology. As telecommunications companies deploy advanced networks, consumers are increasingly drawn to the promise of enhanced connectivity and improved mobile experiences. The availability of 5G-enabled smartphones, boasting faster data transfer speeds and lower latency, incentivizes users to upgrade their devices. The desire to leverage the full potential of 5G, including seamless streaming, augmented reality applications, and quicker download speeds, motivates consumers to invest in the latest smartphone technology. This surge in demand for 5G-compatible devices, driven by the allure of superior network capabilities, contributes significantly to the overall momentum of 5G adoption in the consumer market, shaping the way individuals engage with and benefit from mobile connectivity.
"The healthcare & life sciences segment is expected to register the fastest growth rate during the forecast period." The advent of 5G technology is revolutionizing healthcare & life sciences by significantly enhancing the capabilities of healthcare drones. With its high-speed connectivity, 5G facilitates a seamless and real-time communication infrastructure crucial for deploying drones in various healthcare applications. In remote areas, where access to medical supplies is challenging, 5G empowers drones to efficiently deliver life-saving medications and supplies, thereby bridging critical gaps in healthcare accessibility. Moreover, the rapid transmission speeds and low latency of 5G enable the swift transportation of lab samples, facilitating timely diagnostic processes. Beyond logistics, 5G-enabled drones can also provide aerial telemedicine support, connecting healthcare professionals with patients in remote locations. This transformative synergy between 5G and healthcare drones not only expands the reach of healthcare services but also establishes an agile and responsive healthcare ecosystem capable of addressing challenges in both routine and emergency medical situations.
"The Industry 4.0 segment to hold the largest market size during the forecast period." The advent of 5G technology is reshaping manufacturing processes within the framework of Industry 4.0 through the deployment of sophisticated quality control measures and predictive maintenance systems. In this new paradigm, the strategic placement of sensors and Internet of Things (IoT) devices across the manufacturing environment facilitates continuous monitoring of equipment conditions. These sensors gather real-time data on crucial factors such as temperature, vibration, and wear, providing a comprehensive insight into machinery health. Harnessing the high-speed, low-latency capabilities of 5G, this wealth of data is rapidly transmitted and processed, enabling swift detection of anomalies or deviations from optimal operating conditions. Within the context of Industry 4.0, this real-time connectivity powered by 5G becomes a driving force for transformative change. The seamless transmission and processing of data allow manufacturers to adopt a proactive approach to maintenance. By incorporating advanced analytics and machine learning algorithms, manufacturers can predict potential equipment failures before they manifest. This predictive maintenance strategy minimizes unplanned downtime, as maintenance activities can be precisely scheduled when needed, optimizing the overall effectiveness of equipment. In essence, the integration of 5G-enabled predictive maintenance becomes a cornerstone of Industry 4.0, enhancing operational efficiency, extending equipment lifespan, and contributing significantly to cost savings for manufacturers.
"Asia Pacific's highest growth rate during the forecast period."
Beyond catering to the connectivity demands of bustling urban centers, 5G emerges as a pivotal solution for overcoming the persistent connectivity challenges faced by remote and underserved areas across the Asia Pacific. In these regions, where traditional infrastructure may be limited, 5G technology plays a transformative role by facilitating enhanced broadband access. This not only addresses the digital divide prevalent in less accessible areas but also actively contributes to fostering inclusivity. By extending high-speed, reliable connectivity to remote communities, 5G enables them to partake in the digital economy, access educational resources, and benefit from essential services such as telemedicine. The deployment of 5G networks in these underserved regions reflects a commitment to narrowing the technological gap, unlocking new opportunities, and fostering a more equitable and connected society throughout the diverse landscapes of the Asia Pacific.
Breakdown of primaries
The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C-level -35%, D-level - 25%, and Others - 40%
By Region: North America - 30%, Europe - 30%, Asia Pacific - 25%, Middle East & Africa - 10%, and Latin America- 5%.
The major players in the 5G Services market AT&T (US), China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), China Telecom (China), Orange (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica S.A (Spain), KT Corporation (South Korea), Roger Communications (Canada), Bell Canada (Canada), Etisalat (UAE), Saudi Telecom Company (Saudi Arabia), LG Uplus (South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), Dish Network (US), Reliance Jio Infocomm (India), Rakuten Group (Japan), MTN Group (South Africa), Bharti Airtel Limited (India), Telenor Group (Norway), JMA Wireless (US), Verana Networks (US), Celona (US), Mangata Networks (US), Airspan Networks (US), Edge Q (US), Omniflow (US), Aarna Networks (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their 5G Services market footprint.
Research Coverage
The market study covers the 5G Services market size across different segments. It aims at estimating the market size and the growth potential across different segments, including applications (smart cities, smart buildings, Industry 4.0, autonomous vehicles, smart healthcare, smart utilities, immersive media & gaming, other applications, end users ( consumers, enterprises), communication type (enhanced mobile broadband, massive machine type communication, ultra-reliable low-latency communications), vertical (IT & ITeS, telecom, BFSI, retail & eCommerce, healthcare & life sciences, media & entertainment, construction & real estate, manufacturing, transportation, & logistics, education, government & public safety, energy & utilities and other verticals (agriculture, travel & hospitality, mining, oil & gas, and sports), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global 5G Services market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
1. Analysis of key drivers (Increase in mobile network data traffic, development of smart infrastructure, and timely availability of 5G compatible devices from several vendors, accelerated digital transformation across verticals, and need to transform mobile broadband experience), restraints (High costs for deployment of 5G network), opportunities (Fixed Wireless Access gaining momentum and increasing demand for high reliability and low latency networks), and challenges (Security concerns regarding 5G and delay in spectrum harmonization across geographies) influencing the growth of the 5G Services market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the 5G Services market.
3. Market Development: Comprehensive information about lucrative markets - the report analyses the 5G Services market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the 5G Services market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players AT&T (US), China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), China Telecom (China), Orange (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica S.A. (Spain), KT Corporation (South Korea), Roger Communications (Canada), Bell Canada (Canada), Etisalat (UAE), Saudi Telecom Company (Saudi Arabia), LG Uplus (South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), Dish Network (US), Reliance Jio Infocomm (India), Rakuten Group (Japan), MTN Group (South Africa), Bharti Airtel Limited (India), Telenor Group (Norway), JMA Wireless (US), Verana Networks (US), Celona (US), Mangata Networks (US), Airspan Networks (US), Edge Q (US), Omniflow (US), Aarna Networks (US).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 INCLUSIONS & EXCLUSIONS
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2020-2022
1.6 STAKEHOLDERS
1.7 IMPACT OF RECESSION
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 5G SERVICES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Primary interviews with experts
2.1.2.3 Breakdown of primary profiles
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.2.4 Key insights from industry experts
2.2 MARKET SIZE ESTIMATION
FIGURE 3 5G SERVICES MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
2.2.1 TOP-DOWN APPROACH
FIGURE 4 APPROACH 1 (SUPPLY-SIDE): REVENUE OF VENDORS IN 5G SERVICES MARKET
2.2.2 BOTTOM-UP APPROACH
FIGURE 5 APPROACH 2 (DEMAND-SIDE): REVENUE IN 5G SERVICES MARKET
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RISK ASSESSMENT
TABLE 2 RISK ASSESSMENT
2.5 RESEARCH ASSUMPTIONS
TABLE 3 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
FIGURE 8 5G SERVICES MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
FIGURE 9 5G SERVICES MARKET: REGIONAL SNAPSHOT
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR 5G SERVICES MARKET PLAYERS
FIGURE 10 INCREASE IN DEMAND FOR MACHINE-TO-MACHINE (M2M) COMMUNICATION AND SMART INFRASTRUCTURE TO DRIVE MARKET
4.2 5G SERVICES MARKET: TOP SEGMENTS
FIGURE 11 LARGEST SEGMENTS IN MARKET IN 2023
4.3 5G SERVICES MARKET, BY APPLICATION
FIGURE 12 INDUSTRY 4.0 SEGMENT TO BE LEADING APPLICATION MARKET IN 2023
4.4 5G SERVICES MARKET, BY COMMUNICATION TYPE
FIGURE 13 ULTRA-RELIABLE LOW-LATENCY COMMUNICATION SEGMENT TO HIGHEST GROWTH RATE DURING FORECAST PERIOD
4.5 5G SERVICES MARKET, BY END USER
FIGURE 14 ENTERPRISE END USERS TO WITNESS HIGHER GROWTH RATE DURING FORECAST PERIOD
4.6 5G SERVICES MARKET, BY ENTERPRISE
FIGURE 15 MANUFACTURING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.7 NORTH AMERICA: 5G SERVICES MARKET, BY END USER & APPLICATION
FIGURE 16 CONSUMERS AND INDUSTRY 4.0 SEGMENTS TO BE LARGEST SEGMENTS IN 2023
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: 5G SERVICES MARKET
5.2.1 DRIVERS
5.2.1.1 Increase in mobile network data traffic
FIGURE 18 GLOBAL MOBILE DATA TRAFFIC, 2022-2028
5.2.1.2 Need to transform mobile broadband experience
5.2.1.3 Accelerated digital transformation across verticals
TABLE 4 EMERGING USE CASES SUPPORTED BY 5G NETWORK
5.2.1.4 Development of smart infrastructure
5.2.1.5 Timely availability of 5G-compatible devices from several vendors
5.2.2 RESTRAINTS
5.2.2.1 High deployment costs
5.2.3 OPPORTUNITIES
5.2.3.1 Global proliferation of Fixed Wireless Access (FWA)
FIGURE 19 REGIONAL FIXED WIRELESS ACCESS SERVICE PROVIDER ADOPTION IN 2023
5.2.3.2 Increase in demand for high reliability and low latency networks
FIGURE 20 TIME-CRITICAL USE CASES ACROSS SECTORS
5.2.3.3 Introduction of massive IoT ecosystem and critical communications services
5.2.4 CHALLENGES
5.2.4.1 Delay in spectrum harmonization across geographies
5.2.4.2 Security concerns regarding 5G networks
5.3 BRIEF HISTORY OF 5G TECHNOLOGY
FIGURE 21 BRIEF HISTORY OF 5G TECHNOLOGY
5.3.1 1980-1990
5.3.2 1990-2000
5.3.3 2000-2009
5.3.4 2009-2020
5.3.5 2020-PRESENT
5.4 ECOSYSTEM/MARKET MAP
FIGURE 22 KEY PLAYERS IN 5G SERVICES MARKET ECOSYSTEM
TABLE 5 5G SERVICES MARKET: ECOSYSTEM
5.5 CASE STUDY ANALYSIS
5.5.1 TDC NET DEPLOYED ERICSSON'S E2E SLA FOR NETWORK SLICING
5.5.2 IMR PARTNERED WITH VODAFONE BUSINESS TO HELP LOCAL MANUFACTURERS ADOPT INDUSTRY 4.0
5.5.3 VODAFONE BUSINESS HELPED H-FARM CREATE FUTURE-FIT INNOVATION HUB
5.5.4 SUNRISE HELPED BOOST LAAX'S BUSINESSES BY LEVERAGING 5G
5.6 VALUE CHAIN ANALYSIS
FIGURE 23 5G SERVICES MARKET: VALUE CHAIN ANALYSIS
5.6.1 5G INFRASTRUCTURE VENDORS
5.6.2 5G MOBILE CHIPSET AND TECHNOLOGY PROVIDERS
5.6.3 MOBILE CARRIERS
5.6.4 MOBILE DEVICE MAKERS
5.6.5 END USERS
5.7 REGULATORY LANDSCAPE
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.7.1.1 North America
5.7.1.1.1 US
5.7.1.1.2 Canada
5.7.1.2 Europe
5.7.1.2.1 UK
5.7.1.2.2 Germany
5.7.1.3 Asia Pacific
5.7.1.3.1 China
5.7.1.3.2 India
5.7.1.3.3 Australia
5.7.1.3.4 Japan
5.7.1.4 Middle East & Africa
5.7.1.4.1 UAE
5.7.1.4.2 KSA
5.7.1.5 Latin America
5.7.1.5.1 Brazil
5.7.1.5.2 Mexico
5.8 PATENT ANALYSIS
FIGURE 24 LIST OF MAJOR PATENTS FOR 5G SERVICES
5.8.1 LIST OF MAJOR PATENTS
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 5G Massive MIMO
5.9.1.2 Millimeter-Wave
5.9.1.3 Small Cell Networks
5.9.1.4 Network Slicing
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Wi-Fi
5.9.2.2 WiMAX
5.9.2.3 LTE
5.9.2.4 OnGo Alliance
FIGURE 25 THREE-TIER MODEL FOR CITIZENS BROADBAND RADIO SERVICE SPECTRUM ACCESS
5.9.2.5 MulteFire
5.9.3 ADJACENT TECHNOLOGIES
5.9.3.1 IoT
5.9.3.2 AI
5.9.3.3 Edge Computing
5.10 PRICING ANALYSIS
5.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END USER
FIGURE 26 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY END USER
TABLE 10 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY END USER (USD)
5.10.2 INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY SOLUTION
TABLE 11 INDICATIVE PRICING LEVELS OF 5G SERVICES
5.11 PORTER'S FIVE FORCES ANALYSIS
TABLE 12 PORTER'S FIVE FORCES IMPACT ON 5G SERVICES MARKET
FIGURE 27 PORTER'S FIVE FORCE ANALYSIS: 5G SERVICES MARKET
5.11.1 THREAT OF NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF BUYERS
5.11.4 BARGAINING POWER OF SUPPLIERS
5.11.5 INTENSITY OF COMPETITIVE RIVALRY
5.12 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
FIGURE 28 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
5.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE ENTERPRISES
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE ENTERPRISES
5.13.2 BUYING CRITERIA
FIGURE 30 KEY BUYING CRITERIA FOR TOP THREE ENTERPRISES
TABLE 14 KEY BUYING CRITERIA FOR TOP THREE END USERS
5.14 KEY CONFERENCES & EVENTS
TABLE 15 5G SERVICES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023-2024
5.15 BEST PRACTICES IN 5G SERVICES MARKET
5.15.1 NETWORK RELIABILITY AND COVERAGE
5.15.2 SECURITY AND PRIVACY
5.15.3 SPECTRUM MANAGEMENT
5.15.4 NETWORK SLICING FOR CUSTOMIZATION
5.15.5 COLLABORATION WITH ECOSYSTEM PARTNERS
5.15.6 CUSTOMER ENGAGEMENT AND SUPPORT
5.16 CURRENT AND EMERGING BUSINESS MODELS
5.16.1 SUBSCRIPTION MODEL
5.16.2 FREEMIUM
5.16.3 B2B AND ENTERPRISE MODELS
5.16.4 CONTENT AND APPLICATION PARTNERSHIP
5.16.5 CONTENT MARKETPLACE
5.16.6 5G ENABLEMENT PLATFORMS
5.17 5G SERVICES TOOLS, FRAMEWORKS, AND TECHNIQUES
5.17.1 5G SERVICES TOOLS
5.17.1.1 Network performance monitoring tools
5.17.1.2 Network slicing orchestrators
5.17.1.3 Security and threat detection software
5.17.1.4 Network optimization software
5.17.2 5G SERVICE FRAMEWORKS
5.17.2.1 Open radio access network (RAN)
5.17.2.2 Open network automation platform (ONAP)
5.17.2.3 Multi-access edge computing (MEC)
5.17.3 5G TECHNIQUES
5.17.3.1 Beamforming
5.17.3.2 Non-standalone (NSA) and standalone (SA) mode
5.17.3.3 Dynamic spectrum sharing
5.18 FUTURE LANDSCAPE OF 5G SERVICE MARKET
5.18.1 SHORT-TERM ROADMAP (2023-2025)
5.18.2 MID-TERM ROADMAP (2026-2028)
5.18.3 LONG-TERM ROADMAP (2029-2030)
6 5G SERVICES MARKET, BY APPLICATION
6.1 INTRODUCTION
FIGURE 31 INDUSTRY 4.0 SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
6.1.1 APPLICATION: 5G SERVICES MARKET DRIVERS
TABLE 16 5G SERVICES MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
TABLE 17 5G SERVICES MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
6.2 SMART CITIES
6.2.1 BENEFITS OF LOW-LATENCY, SMART, AND SECURE 5G-BASED INFRASTRUCTURE ECOSYSTEMS
TABLE 18 5G SERVICES MARKET IN SMART CITIES, BY REGION, 2019-2022 (USD MILLION)
TABLE 19 5G SERVICES MARKET IN SMART CITIES, BY REGION, 2023-2028 (USD MILLION)
6.3 SMART BUILDINGS
6.3.1 RISE IN DEMAND FOR WELL-CONNECTED, ENERGY-EFFICIENT SMART HOMES
TABLE 20 5G SERVICES MARKET IN SMART BUILDINGS, BY REGION, 2019-2022 (USD MILLION)
TABLE 21 5G SERVICES MARKET IN SMART BUILDINGS, BY REGION, 2023-2028 (USD MILLION)
6.4 AUTONOMOUS VEHICLES
6.4.1 VEHICLE-TO-VEHICLE COMMUNICATION AND SMART TRAFFIC SYSTEMS TO CREATE SEAMLESS ENVIRONMENT FOR AUTONOMOUS VEHICLES
TABLE 22 5G SERVICES MARKET IN AUTONOMOUS VEHICLES, BY REGION, 2019-2022 (USD MILLION)
TABLE 23 5G SERVICES MARKET IN AUTONOMOUS VEHICLES, BY REGION, 2023-2028 (USD MILLION)
6.5 SMART HEALTHCARE
6.5.1 INTERNET OF MEDICAL THINGS TO BE ESSENTIAL IN REMOTE MONITORING, SURGERIES, TREATMENT PLANS, AND PREDICTIVE ANALYTICS
TABLE 24 5G SERVICES MARKET IN SMART HEALTHCARE, BY REGION, 2019-2022 (USD MILLION)
TABLE 25 5G SERVICES MARKET IN SMART HEALTHCARE, BY REGION, 2023-2028 (USD MILLION)
6.6 INDUSTRY 4.0
6.6.1 INTEGRATION OF CYBER-PHYSICAL PRODUCTION SYSTEMS WITH 5G TO RESTRUCTURE VALUE CREATION AND SUPPLY CHAINS
TABLE 26 5G SERVICES MARKET IN INDUSTRY 4.0, BY REGION, 2019-2022 (USD MILLION)
TABLE 27 5G SERVICES MARKET IN INDUSTRY 4.0, BY REGION, 2023-2028 (USD MILLION)
6.7 SMART UTILITIES
6.7.1 DEMAND FOR ACCURATE AND EFFICIENT RESOURCE MANAGEMENT
TABLE 28 5G SERVICES MARKET IN SMART UTILITIES, BY REGION, 2019-2022 (USD MILLION)
TABLE 29 5G SERVICES MARKET IN SMART UTILITIES, BY REGION, 2023-2028 (USD MILLION)
6.8 IMMERSIVE MEDIA & GAMING
6.8.1 IMPROVEMENTS IN CONNECTIVITY DURING GAMING AND IMMERSIVE CONTENT CONSUMPTION
TABLE 30 5G SERVICES MARKET IN IMMERSIVE MEDIA & GAMING, BY REGION, 2019-2022 (USD MILLION)
TABLE 31 5G SERVICES MARKET IN IMMERSIVE MEDIA & GAMING, BY REGION, 2023-2028 (USD MILLION)
6.9 OTHER APPLICATIONS
TABLE 32 5G SERVICES MARKET IN OTHER APPLICATIONS, BY REGION, 2019-2022 (USD MILLION)
TABLE 33 5G SERVICES MARKET IN OTHER APPLICATIONS, BY REGION, 2023-2028 (USD MILLION)
7 5G SERVICES MARKET, BY END USER
7.1 INTRODUCTION
FIGURE 32 ADOPTION OF 5G AMONG ENTERPRISES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
7.1.1 END USER: 5G SERVICES MARKET DRIVERS
TABLE 34 5G SERVICES MARKET, BY END USER, 2019-2022 (USD MILLION)
TABLE 35 5G SERVICES MARKET, BY END USER, 2023-2028 (USD MILLION)
7.2 CONSUMER
7.2.1 LOW LATENCY OFFERED IN SMART HOME DEVICES, WITH 5G-INTEGRATED EMERGING TECHNOLOGIES
TABLE 36 5G SERVICES MARKET AMONG CONSUMERS, BY REGION, 2019-2022 (USD MILLION)
TABLE 37 5G SERVICES MARKET AMONG CONSUMERS, BY REGION, 2023-2028 (USD MILLION)
7.3 ENTERPRISES
7.3.1 INCREASE IN DEMAND FOR SECURE NETWORKS AND REMOTE WORK SOLUTIONS
TABLE 38 5G SERVICES MARKET AMONG ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 39 5G SERVICES MARKET AMONG ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
8 5G SERVICES MARKET, BY COMMUNICATION TYPE
8.1 INTRODUCTION
FIGURE 33 URLLC TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
8.1.1 COMMUNICATION TYPE: 5G SERVICES MARKET DRIVERS
TABLE 40 5G SERVICES MARKET, BY COMMUNICATION TYPE, 2019-2022 (USD MILLION)
TABLE 41 5G SERVICES MARKET, BY COMMUNICATION TYPE, 2023-2028 (USD MILLION)
8.2 ENHANCED MOBILE BROADBAND (EMBB)
8.2.1 DEMAND FOR SEAMLESS STREAMING OF HIGHER VIDEO RESOLUTIONS
TABLE 42 ENHANCED MOBILE BROADBAND SERVICES MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 43 ENHANCED MOBILE BROADBAND SERVICES MARKET, BY REGION, 2023-2028 (USD MILLION)
8.3 MASSIVE MACHINE TYPE COMMUNICATION (MMTC)
8.3.1 BENEFITS OF IMPROVISING FUNCTIONING OF IOT DEVICES ACROSS VARIOUS ENTERPRISES
TABLE 44 MASSIVE MACHINE TYPE COMMUNICATION SERVICES MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 45 MASSIVE MACHINE TYPE COMMUNICATION SERVICES MARKET, BY REGION, 2023-2028 (USD MILLION)
8.4 ULTRA-RELIABLE LOW LATENCY COMMUNICATION
8.4.1 RELIABILITY OF 5G ACROSS MISSION CRITICAL APPLICATIONS
TABLE 46 ULTRA-RELIABLE LOW LATENCY COMMUNICATION SERVICES MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 47 ULTRA-RELIABLE LOW LATENCY COMMUNICATION SERVICES MARKET, BY REGION, 2023-2028 (USD MILLION)
9 5G SERVICES MARKET, BY ENTERPRISE
9.1 INTRODUCTION
FIGURE 34 HEALTHCARE & LIFE SCIENCES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
9.1.1 ENTERPRISE: 5G SERVICES MARKET DRIVERS
TABLE 48 5G SERVICES MARKET, BY ENTERPRISE, 2019-2022 (USD MILLION)
TABLE 49 5G SERVICES MARKET, BY ENTERPRISE, 2023-2028 (USD MILLION)
9.2 MANUFACTURING
9.2.1 RAPID DEVELOPMENT OF SMART FACTORIES WITH HIGH BANDWIDTH, NETWORK SLICING, AND EDGE COMPUTING CAPABILITIES
9.2.2 USE CASES
9.2.2.1 Industrial IoT (IIoT) Connectivity
9.2.2.2 Precision Robotics and Automation
TABLE 50 5G SERVICES MARKET AMONG MANUFACTURING ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 51 5G SERVICES MARKET AMONG MANUFACTURING ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.3 IT & ITES
9.3.1 NEED TO ENHANCE AND MAINTAIN CONFIDENTIALITY AND INTEGRITY OF SENSITIVE DATA TRANSMITTED ACROSS NETWORKS
9.3.2 USE CASES
9.3.2.1 Enhanced Cloud Computing
9.3.2.2 Real-time Data Analytics
TABLE 52 5G SERVICES MARKET AMONG IT & ITES ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 53 5G SERVICES MARKET AMONG IT & ITES ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.4 TELECOM
9.4.1 FLEXIBILITY, SCALABILITY, AND OPERATIONAL EFFICIENCY TO ACCELERATE SERVICE DEPLOYMENT AND REDUCE COSTS FOR TELECOM OPERATORS
9.4.2 USE CASES
9.4.2.1 Cloud-native Networks
9.4.2.2 Voice over 5G
TABLE 54 5G SERVICES MARKET AMONG TELECOM ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 55 5G SERVICES MARKET AMONG TELECOM ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.5 HEALTHCARE & LIFESCIENCES
9.5.1 REAL-TIME PATIENT MONITORING AND WEARABLE HEALTH DEVICES TO BENEFIT FROM 5G CONNECTIVITY
9.5.2 USE CASES
9.5.2.1 IoT-enabled Healthcare Devices
9.5.2.2 Connected Ambulance
TABLE 56 5G SERVICES MARKET AMONG HEALTHCARE & LIFE SCIENCES ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 57 5G SERVICES MARKET AMONG HEALTHCARE & LIFE SCIENCES ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.6 RETAIL & ECOMMERCE
9.6.1 STEEP RISE IN ONLINE SHOPPING AND USE OF CONTACTLESS PAYMENT METHODS SUCH AS MOBILE WALLETS, CONTACTLESS CARDS, AND WEARABLE DEVICES
9.6.2 USE CASES
9.6.2.1 Contactless Payments and Digital Wallets
9.6.2.2 Personalized Marketing through Location-based Services
TABLE 58 5G SERVICES MARKET AMONG RETAIL & ECOMMERCE ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 59 5G SERVICES MARKET AMONG RETAIL & ECOMMERCE ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.7 TRANSPORTATION & LOGISTICS
9.7.1 ROUTE OPTIMIZATION, BETTER CONNECTIVITY, AND VEHICLE MONITORING TO ENHANCE TRAFFIC MANAGEMENT AND SAFETY, ESPECIALLY IN SMART PORTS
9.7.2 USE CASES
9.7.2.1 Last-Mile Delivery Optimization
9.7.2.2 Smart Ports and Maritime Operations
TABLE 60 5G SERVICES MARKET AMONG TRANSPORTATION & LOGISTICS ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 61 5G SERVICES MARKET AMONG TRANSPORTATION & LOGISTICS ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.8 EDUCATION
9.8.1 SMART CAMPUSES AND ELEARNING WITH SMOOTH ACCESS TO ONLINE RESOURCES, COLLABORATIVE PLATFORMS, AND INTERACTIVE CONTENT
9.8.2 USE CASES
9.8.2.1 Online Learning Platforms and Remote Education
9.8.2.2 Smart Classrooms and Interactive Displays
TABLE 62 5G SERVICES MARKET AMONG EDUCATION ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 63 5G SERVICES MARKET AMONG EDUCATION ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.9 ENERGY & UTILITIES
9.9.1 EFFICIENT MANAGEMENT & CONSUMPTION OF ENERGY BY LEVERAGING 5G
9.9.2 USE CASES
9.9.2.1 Smart Metering and Home Automation
9.9.2.2 Efficient Water Management
TABLE 64 5G SERVICES MARKET AMONG ENERGY & UTILITIES ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 65 5G SERVICES MARKET AMONG ENERGY & UTILITIES ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.10 MEDIA & ENTERTAINMENT
9.10.1 DEMAND FOR BETTER OTT STREAMING AND CLOUD GAMING EXPERIENCES
9.10.2 USE CASES
9.10.2.1 Live Streaming in High Resolutions
9.10.2.2 OTT Platforms with Enhanced Streaming
TABLE 66 5G SERVICES MARKET AMONG MEDIA & ENTERTAINMENT ENTERPRISE, BY REGION, 2019-2022 (USD MILLION)
TABLE 67 5G SERVICES MARKET AMONG MEDIA & ENTERTAINMENT ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.11 BFSI
9.11.1 FINANCIAL INSTITUTIONS TO LEVERAGE 5G FOR SECURE TRANSACTIONS AND DATA PROTECTION
9.11.2 USE CASES
9.11.2.1 Biometric Authentication
9.11.2.2 Smart ATMs
TABLE 68 5G SERVICES MARKET AMONG BFSI ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 69 5G SERVICES MARKET AMONG BFSI ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.12 GOVERNMENT & PUBLIC SECTOR
9.12.1 LEVERAGING 5G FOR AUTOMATED ADMINISTRATIVE TASKS AND EGOVERNMENT INITIATIVES
9.12.2 USE CASES
9.12.2.1 Online Portals and Service
9.12.2.2 Automated Administrative Processes
TABLE 70 5G SERVICES MARKET AMONG GOVERNMENT & PUBLIC SECTOR ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 71 5G SERVICES MARKET AMONG GOVERNMENT & PUBLIC SECTOR ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.13 CONSTRUCTION & REAL ESTATE
9.13.1 BENEFITS OF SMART BUILDINGS AND VIRTUAL PROPERTY TOURS USING AR AND VR FOR REAL ESTATE
9.13.2 USE CASES
9.13.2.1 Connected Construction Equipment
9.13.2.2 Efficient Construction Machinery Control
TABLE 72 5G SERVICES MARKET AMONG CONSTRUCTION & REAL ESTATE ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 73 5G SERVICES MARKET AMONG CONSTRUCTION & REAL ESTATE ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
9.14 OTHER ENTERPRISES
9.14.1 USE CASES
9.14.1.1 Player Performance Analytics
9.14.1.2 Smart Irrigation System
9.14.1.3 Smart Hotel Rooms
TABLE 74 5G SERVICES MARKET AMONG OTHER ENTERPRISES, BY REGION, 2019-2022 (USD MILLION)
TABLE 75 5G SERVICES MARKET AMONG OTHER ENTERPRISES, BY REGION, 2023-2028 (USD MILLION)
10 5G SERVICES MARKET, BY REGION
10.1 INTRODUCTION
TABLE 76 5G SERVICES MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 77 5G SERVICES MARKET, BY REGION, 2023-2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: 5G SERVICES MARKET DRIVERS
10.2.2 NORTH AMERICA: RECESSION IMPACT
FIGURE 35 NORTH AMERICA: 5G SERVICES MARKET SNAPSHOT
TABLE 78 NORTH AMERICA: 5G SERVICES MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
TABLE 79 NORTH AMERICA: 5G SERVICES MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
TABLE 80 NORTH AMERICA: 5G SERVICES MARKET, BY COMMUNICATION TYPE, 2019-2022 (USD MILLION)
TABLE 81 NORTH AMERICA: 5G SERVICES MARKET, BY COMMUNICATION TYPE, 2023-2028 (USD MILLION)
TABLE 82 NORTH AMERICA: 5G SERVICES MARKET, BY END USER, 2019-2022 (USD MILLION)
TABLE 83 NORTH AMERICA: 5G SERVICES MARKET, BY END USER, 2023-2028 (USD MILLION)
TABLE 84 NORTH AMERICA: 5G SERVICES MARKET, BY ENTERPRISE, 2019-2022 (USD MILLION)
TABLE 85 NORTH AMERICA: 5G SERVICES MARKET, BY ENTERPRISE, 2023-2028 (USD MILLION)
TABLE 86 NORTH AMERICA: 5G SERVICES MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
TABLE 87 NORTH AMERICA: 5G SERVICES MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
10.2.3 US
10.2.3.1 Robust ecosystem and presence of prominent 5G players