The global 5G Services Market is projected to reach USD 414.50 billion by 2027 with a CAGR of 43.9% during 2021 to 2027, according to a new report published by Million insights. Rising demand for ultra-reliable and low latency networks, which could provide high-speed data are projected to fuel the market demand for 5G services. Additionally, the growing applications of 5G technology in the healthcare sector, for remote patient monitoring and performing the surgery are expected to drive the demand for 5G services.
BT Group plc
Bharti Airtel Limited
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Market Synopsis of 5G Services Market:
The key players in the market such as China Telecommunications Corporation; Verizon Communications and AT&T Inc.; are heavily investing in development and deployment of the 5G infrastructures, in order to capture the larger customer base. Further, 5G technology can used in various applications such as smart cities, connected factories, smart buildings, connected vehicles and various others. Furthermore, the integration of 5G technology in autonomous vehicles is increasing, which enable vehicle-to-infrastructure, infrastructure-to-vehicle and vehicle-to-vehicle connectivity.
The rising number of 5G enabled smartphones and growing demand for high-speed data is expected to fuel the market growth in the forthcoming years. Additionally, the growing awareness about the benefits of 5G services such as high quality of video calling, uninterrupted video streaming and online gaming as well as remote business meetings are projected to boost the market growth in the forthcoming years. Furthermore, rising demand for 5G services in public & private sectors such as buses stations, airports and railway stations are anticipated to amplify the 5G services market. The media & entertainment and hospitality sectors are also expected to see tremendous growth over the forecast period, owing to the rising deployment of infotainment systems with Wi-Fi integration.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 5G Services: Market Variables, Trends & Scope
Chapter 4 5G Services: Product Estimates & Trend Analysis
Chapter 5 5G Services: Application Estimates & Trend Analysis
Chapter 6 5G Services: End-use Estimates & Trend Analysis
Chapter 7 5G Services: Industrial End-use Estimates & Trend Analysis
Chapter 8 5G Services: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 5G Services: Manufacturers Company Profiles
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