5G Applications and Services Market Segment by Communication (FWA, eMBB, MMTC and URLLC); by End user (Broadband Services, Connected Vehicles, Smart Buildings, Smart Cities, Connected Factories, Smart Utilities, and Connected Healthcare) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
5G Applications and Services Market Segment by Communication (FWA, eMBB, MMTC and URLLC); by End user (Broadband Services, Connected Vehicles, Smart Buildings, Smart Cities, Connected Factories, Smart Utilities, and Connected Healthcare) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
The report classifies the business vertical into various segments based on components, voltage, end-user scope, and regional division. A thorough analysis of each segment with respect to their market share, growth rate, and revenue contribution forms a major part of the study.
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Product Overview
5G or fifth generation is the term used to describe mobile network next-gen and is more advanced than LTE mobile network. It helps increase the speed of the wireless network by starting up this new technology. The International Telecommunications Union evidently identified that the 5 G network speed is projected to reach a downloading rate of 20GB/second and unloading of 10GB/second. In addition, 5G offers new features such as network slicing which helps operators build many virtual networks in a single 5G network.
Market Highlights
Global 5G Applications and Services market is expected to project a notable CAGR of 34.85 % in 2030.
Global 5G Applications and Services to surpass USD 539.23 billion by 2030 from USD 163.63 billion in 2020 at a CAGR of 34.85 % in the coming years, i.e., 2021-30. In the efforts to maintain intense competition environments, many vertical industries are concentrating more aggressively on technological changes to improve ultimate productivity and operational efficiency. 5G wireless technology has the potential to support notable vertical transformations by reducing overall cost and increasing profitability. Further emphasis will continue on enhancing energy monitoring and management as well as better access to the network for energy production and distribution over the projected timeframe.
Global 5G Applications and Services: Segments
Smart cities segment to grow with the highest CAGR during 2020-30
Global 5G Applications and Services market is segmented by End-user into Broadband Services, Connected Vehicles, Smart Buildings, Smart Cities, Connected Factories, Smart Utilities, and Connected Healthcare. Smart city devices consist of bundled strategies for smart traffic management, smart parking, environmental surveillance, water, and waste governance as well as solutions for public safety. With increasing IoT-enabled traction in connected solutions, many providers are able to download to the 5G-based interconnection model, resulting in increased vertical area where 5G can focus.
EMBB segment to grow with the highest CAGR during 2020-30
Global 5G Applications and Services is divided by Communication into FWA, eMBB, MMTC, and URLLC. 5G network operators concenter themselves on improving broadband functions, such as high-speed cloud play, AR/VR, High definition, and continuous video calls. This is due to the initial focus of 5G network operators. The actual rollout phase should concentrate on a non-standalone 5G wireless cloud platform. The eMBB provides high residential and business connection speeds. As a result, eMBB will respond to multiple applications including car infotainment, 4K video availability, and virtual meetings, thereby boosting the growth of the eMBB segment during the forecast period.
Market Dynamics
Drivers
Implementation in transport sector
Transport and Logistics is another vertical sector that could provide the 5G services industry with future opportunities. The concept of vehicle-to-all communication (V2X) has, for example, laid the foundation for autonomous driving and connected vehicles. 5G services would have a critical role to play in delivering smooth communications between vehicle and infrastructure (V2I) and vehicle to vehicle (V2V), to lessen the risk of road accidents. In the projected timeframe, increasing emphasis will be placed on maintaining a safe and improved driving experience for connected vehicles.
Increase in overall productivity
In the efforts to maintain intense competition environments, many vertical industries are concentrating more aggressively on technological changes to improve ultimate productivity and operational efficiency. 5G wireless technology has the potential to support notable vertical transformations by reducing overall cost and increasing profitability. Further emphasis will continue on enhancing energy monitoring and management as well as better access to the network for energy production and distribution over the projected timeframe.
Restraint
High prices charged from customers
Governments quote substantially high prices for 5G spectrum procurement service providers. There is no other option for service providers other than to transfer these expenses to the end customer. Obviously, end-users would have to pay more money for 5G network operators to be available. The market growth from 2020 to 2030 should be impeded by high spectrum prices and subsequent rise of 5G service subscription prices.
Global 5G Applications and Services: Key Players
Airtel India
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Vodafone Limited
Telefonaktiebolaget LM Ericsson
China Mobile Limited
Nokia
Deutsche Telekom AG
SAMSUNG
Vodafone Limited
Intel Corporation
AT & T Intellectual Property
Cisco
KT Corp.
Verizon Wireless
Other Prominent Players
Global 5G Applications and Services: Regions
Global 5G Applications and Services market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global 5G Applications and Services in North America held the largest market share of XX% in the year 2020. Some of the major investments in the 5G network infrastructure are being made in the United States. In 2020 mobile operators in the U.S. invested approximately USD XX billion in the development of mobile infrastructure. In order to contribute to the market growth of North American countries throughout the predicted period, aggressive investment in the US in building intelligent homes, creating smart industries, and developing smart city projects have been made which contributed towards the market growth.
Global 5G Applications and Services is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global 5G Applications and Services report also contains analysis on:
5G Applications and Services Segments:
By Communication Type
FWA
eMBB
MMTC
URLLC
By End-user
Broadband Services
Connected Vehicle
Smart Buildings
Smart Cities
Connected Factories
Smart Utilities
Connected Healthcare
5G Applications and Services Dynamics
5G Applications and Services Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global 5G Applications and Services Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global 5G Applications and Services Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global 5G Applications and Services Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global 5G Applications and Services Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Communication: Market Share (2020-2030F)
1. FWA, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. eMBB, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. MMTC and URLLC, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By End user: Market Share (2020-2030F)
1. Broadband Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Connected Vehicles, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Smart Buildings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Smart Cities, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Connected Factories, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
6. Smart Utilities, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
7. Connected Healthcare, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Airtel India
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Vodafone Limited
3. Telefonaktiebolaget LM Ericsson
4. China Mobile Limited
5. Nokia
6. Deutsche Telekom AG
7. SAMSUNG
8. Vodafone Limited
9. Intel Corporation
10. AT & T Intellectual Property
11. Cisco
12. KT Corp.
13. Verizon Wireless
14. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Research Methodology:
5G Applications and Services Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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