Global 5G Services Market, By Service Model (mMTC and URLLC, eMBB, FWA), Application (Connected Factories, Smart Buildings, Connected Vehicles, Smart City, Connected Healthcare, Connected Retail, Smart Utilities), and Region - Industry Analysis and Forecast to 2024
The global 5G services market is expected to grow from USD 54.22 billion in 2020 to USD 160.20 billion by 2024 at a CAGR of 31.1%.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global 5G services market. The estimated year considered for the study is 2019, and forecast period is 2020-2024.
Key players operating in the global 5G services market are AT&T, Verizon, T-Mobile, Vodafone Group, Sprint, Deutsche Telekom, SK Telecom, KT, LG U+, China Mobile, China Telecom, BT Group, NTT DOCOMO, Saudi Telecom Company, and Airtel.
Market Definition
5G services is the next-generation digital cellular service that is expected to support a large number of devices and services with greater performance, efficiency, and cost. It is expected to be one of the major driving factors for the markets, such as connected factories, smart buildings, connected vehicles, smart city, connected healthcare, connected retail, and smart utilities.
Market Drivers
l Reliable and High-speed Communication Services
l Support for Large Number of Devices and Broad Data Traffic
Market Restraints
l High Cost of Implementation
Market Opportunities
l Large Scale Development of Smart Cities
l Develop Novel Solutions
Market Challenges
l Issues Related to Spectrum Allocation
Critical Questions Answered in the Report
l What are the key trends in the global 5G services market?
l How the market (and its various sub-segments) has been developed in last four years and what would be the growth rate in next five years?
l What are the key strategies adopted by the major vendors to lead in the global 5G services market?
The study extensively uses both secondary and primary research methodologies. More than 50 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecasted period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Reliable and High-speed Communication Services
4.2.2 Support for Large Number of Devices and Broad Data Traffic
4.3 Restraints
4.3.1 High Cost of Implementation
4.4 Opportunities
4.4.1 Large Scale Development of Smart Cities
4.4.2 Develop Novel Solutions
4.5 Challenges
4.5.1 Issues Related to Spectrum Allocation
4.6 Porter's Five Forces Model Analysis
4.7 Value Chain Analysis
4.8 Regulatory Landscape
5 Global 5G Services Market, By Service Model
5.1 Introduction
5.2 mMTC and URLLC
5.3 eMBB
5.4 FWA
6 Global 5G Services Market, By Application
6.1 Introduction
6.2 Connected Factories
6.3 Smart Buildings
6.4 Connected Vehicles
6.5 Smart City
6.6 Connected Healthcare
6.7 Connected Retail
6.8 Smart Utilities
6.9 Others
7 Global 5G Services Market, By Region
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 India
7.4.3 Japan
7.4.4 South Korea
7.4.5 Rest of Asia-Pacific
7.5 Middle East and Africa
7.6 South America
8 Competitive Landscape
8.1 Introduction
8.2 Vendor Evaluation Criteria
8.3 Vendor Share Analysis, 2018
8.4 Recent Developments, 2016-2019
8.4.1 New Product Launches
8.4.2 Partnerships
8.4.3 Mergers or Acquisitions
8.4.4 Business Expansions
9 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not reprsent their rankings in the market.)
9.1 AT&T
9.2 Verizon
9.3 T-Mobile
9.4 Vodafone Group
9.5 Sprint
9.6 Deutsche Telekom
9.7 SK Telecom
9.8 KT
9.9 LG U+
9.10 China Mobile
9.11 China Telecom
9.12 BT Group
9.13 NTT DOCOMO
9.14 Saudi Telecom Company
9.15 Airtel
10 Appendix
10.1 Discussion Guide
10.2 Customization Options
10.3 Related Reports
List of Tables
Table 1 Global 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 2 Global 5G Services Market, By Application, 2015-2024 (USD Million)
Table 3 Global 5G Services Market, By Region, 2015-2024 (USD Million)
Table 4 North America 5G Services Market, By Country, 2015-2024 (USD Million)
Table 5 North America 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 6 North America 5G Services Market, By Application, 2015-2024 (USD Million)
Table 7 United States 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 8 United States 5G Services Market, By Application, 2015-2024 (USD Million)
Table 9 Canada 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 10 Canada 5G Services Market, By Application, 2015-2024 (USD Million)
Table 11 Mexico 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 12 Mexico 5G Services Market, By Application, 2015-2024 (USD Million)
Table 13 Europe 5G Services Market, By Country, 2015-2024 (USD Million)
Table 14 Europe 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 15 Europe 5G Services Market, By Application, 2015-2024 (USD Million)
Table 16 Germany 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 17 Germany 5G Services Market, By Application, 2015-2024 (USD Million)
Table 18 United Kingdom 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 19 United Kingdom 5G Services Market, By Application, 2015-2024 (USD Million)
Table 20 France 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 21 France 5G Services Market, By Application, 2015-2024 (USD Million)
Table 22 Italy 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 23 Italy 5G Services Market, By Application, 2015-2024 (USD Million)
Table 24 Spain 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 25 Spain 5G Services Market, By Application, 2015-2024 (USD Million)
Table 26 Rest of Europe 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 27 Rest of Europe 5G Services Market, By Application, 2015-2024 (USD Million)
Table 28 Asia-Pacific 5G Services Market, By Country, 2015-2024 (USD Million)
Table 29 Asia-Pacific 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 30 Asia-Pacific 5G Services Market, By Application, 2015-2024 (USD Million)
Table 31 China 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 32 China 5G Services Market, By Application, 2015-2024 (USD Million)
Table 33 India 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 34 India 5G Services Market, By Application, 2015-2024 (USD Million)
Table 35 Japan 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 36 Japan 5G Services Market, By Application, 2015-2024 (USD Million)
Table 37 South Korea 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 38 South Korea 5G Services Market, By Application, 2015-2024 (USD Million)
Table 39 Rest of Asia-Pacific 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 40 Rest of Asia-Pacific 5G Services Market, By Application, 2015-2024 (USD Million)
Table 41 Middle East and Africa 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 42 Middle East and Africa 5G Services Market, By Application, 2015-2024 (USD Million)
Table 43 South America 5G Services Market, By Service Model, 2015-2024 (USD Million)
Table 44 South America 5G Services Market, By Application, 2015-2024 (USD Million)
List of Figures
Figure 1 Global 5G Services Market: Market Segmentation
Figure 2 Global 5G Services Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global 5G Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global 5G Services Market: Porter's Five Forces Model Analysis
Figure 9 Global 5G Services Market: Value Chain Analysis
Figure 10 Global 5G Services Market Share Analysis, By Service Model, 2019 and 2024
Figure 11 Global 5G Services Market Share Analysis, By Application, 2019 and 2024
Figure 12 Global 5G Services Market Share Analysis, By Region, 2019 and 2024
Figure 13 North America 5G Services Market Share Analysis, By Country, 2019 and 2024
Figure 14 North America 5G Services Market Share Analysis, By Service Model, 2019 and 2024
Figure 15 North America 5G Services Market Share Analysis, By Application, 2019 and 2024
Figure 16 Europe 5G Services Market Share Analysis, By Country, 2019 and 2024
Figure 17 Europe 5G Services Market Share Analysis, By Service Model, 2019 and 2024
Figure 18 Europe 5G Services Market Share Analysis, By Application, 2019 and 2024
Figure 19 Asia-Pacific 5G Services Market Share Analysis, By Country, 2019 and 2024
Figure 20 Asia-Pacific 5G Services Market Share Analysis, By Service Model, 2019 and 2024
Figure 21 Asia-Pacific 5G Services Market Share Analysis, By Application, 2019 and 2024
Figure 22 Middle East and Africa 5G Services Market Share Analysis, By Service Model, 2019 and 2024
Figure 23 Middle East and Africa 5G Services Market Share Analysis, By Application, 2019 and 2024
Figure 24 South America 5G Services Market Share Analysis, By Service Model, 2019 and 2024
Figure 25 South America 5G Services Market Share Analysis, By Application, 2019 and 2024
Figure 26 Global 5G Services Market: Competitive Benchmarking
Figure 27 Global 5G Services Market: Vendor Share Analysis, 2018