5G Service Market Research Report-Global Forecast till 2027

5G Service Market Research Report by Service Type (Professional Services, Managed Services), Communication Type (Extreme Mobile Broadband, Massive Machine-Type Communications, Fixed Wireless Access, and Others), Technology (Wi-Fi, High-Speed Package Access, Radio Access Technologies, Global System for Mobile, and Others), Vertical (Energy and Utilities, Automotive, Healthcare, and Others), and Region–Global Forecast to 2027

ID: MRFR/ICT/5201-HCR | February 2021 | Region: Global | 100 pages

Market Snapshots


The fifth generation of cellular mobile communications, 5G promises to succeed 4G in terms of speed and use cases including extreme high bandwidth, high-density connection, and ultra-low latency. Currently, the global 5G service market is contemplated to be worth USD 21.53 Bn and is envisioned to reach approximately USD 85.84 Bn by the end of 2023. Market Research Future (MRFR) projects the global 5G service market to expand exponentially with a CAGR of 31.9% over the forecast period which ends in 2023. 


One notable feature that sets apart 5G from its predecessor is its low communication latency. Surging demand for reliable and ultra-latent connectivity services is fostering the growth of the market. Exceptionally high data speed will not only provide rich user experience but would also revolutionize business models. 


Various megatrends of mobile services are also affecting the global 5G service market. Rapid developments in IoT (Internet of Things) is also expected to fuel the market for 5g service. Disconnected systems are what hampers IoT applications, and 5G connection with extremely high bandwidth is what IoT requires for seamless performance. It would help in the deployment of more number of connected devices without the issues of latency. Growing number of connected devices would consequently propel the demand for 5G services. 


Initiatives in multiple countries towards the development of smart cities are expected to bring about the implementation capabilities of 5G network to the forefront. 5G has the ability to alleviate the limitations of connections, speed which stand as hurdles in the deployment of smart cities. 


The shift in consumer preference from premise-based to cloud-based solutions is expected to have significant implications for the growth of the global 5G service market. Advantages of 5G such as the obvious consistent network connectivity experience and improved wireless range would alleviate the obstacles of cloud deployment which would further create a conducive environment for the growth of the 5g service market. 


On the contrary, high costs associated with eh deployment of 5G network and concerns regarding the global spectrum are likely to impede the growth of the market. 


Report Overview


This MRFR Report presents a complete analysis of ten global 5G service market for a more profound understanding of the market. The report comprehensively segments the market by service type, communication type, technology, and vertical which assists stakeholders in gaining more insights into the market. Country-level analysis of each segment is also covered in the report. Detailed information about the key players operating in the market along with the strategies adopted by them is also presented which promotes a better understanding of the competitive landscape. 


Research Methodology


MRFR's reports are compiled using a blend of both primary and secondary research data which presents a comprehensive view of the market. Primary data consists of information collected from key -level industry insiders while secondary data is gathered from data available on public domain such as white papers, journals, annual reports, and data available on government websites. For the estimation of market size and segmentation, both the top-down and bottom-up approaches are leveraged. 


Players Covered  


SK Telecom, Samsung Electronics Co. Ltd., LG Electronics Inc., Cisco Systems Inc., Verizon Communications Inc., Qualcomm Inc., Saudi Telecom Company, Telefonaktiebolaget L. M. Ericsson, Intel Corporation, China Mobile, BT Group, Nokia Corporation, Huawei Investment & Holding Co. Ltd., T-Mobile USA Inc., NEC Corporation, Telstra, DU, China Telecom, Vodafone Group, KT Corporation, Deutsche Telekom, Airtel, Sprint, and AT&T Inc. 


Segmentation


By Service Type



  • Professional Services

    • System Integration

    • Network Planning and Optimization

    • Network Implementation

    • Others



  • Managed Services

  • Professional Services

  • Managed Services


By Communication Type



  • Extreme Mobile Broadband (EMBb)

  • Massive Machine-Type Communications (mMTC)

  • Ultra-Reliable Machine-Type Communications (uMTC)

  • Fixed Wireless Access (FWA)


By Technology



  • Wi-Fi, High-Speed Package Access (HSPA)

  • Radio Access Technologies (RAT)

  • Global System for Mobile (GSM)

  • Worldwide Interoperability for Microwave Access (WiMAX)


By Vertical



  • Energy and Utilities

  • Automotive

  • Healthcare

  • IT & Telecommunication

  • Consumer Electronics

  • Industrial

  • Retail

  • Others


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World (the Middle East & Africa, Latin America)



Frequently Asked Questions (FAQ) :


The consumer fondness from premise-based to cloud-based solutions is having significant implications for the growth of the global 5G service market in this region.

Initiatives in multiple countries towards the development of smart cities are expected to be drivers in the study of the 5G Service Market.

USD 85.84 Bn is the current valuation of the 5G Service Market.

Samsung Electronics Co. Ltd., SK Telecom, Cisco Systems Inc., LG Electronics Inc., Verizon Communications Inc. are the main key players investing largely in the 5G Service Market

Service, communication, technology and vertical are the segments included in the study of the 5G Service Market.

Table of Content

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Market Structure

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Rapid developments in connected IoT devices

5.2.2 Increasing demand for reliable and ultra-latent connectivity services

5.3 Restraints

5.3.1 High costs incurred in the deployment of networks

5.4 Opportunities

5.4.1 Development of smart cities

5.4.2 Consumer shift from premise-based solutions to cloud-based solutions

5.5 Challenges

5.5.1 Concerns regarding global spectrum

5.6 Value Chain Analysis

5.7 Porter’s Five Forces Model

5.7.1 Threat of New Entrants

5.7.2 Bargaining Power of Suppliers

5.7.3 Bargaining Power of Buyers

5.7.4 Threat of Substitutes

5.7.5 Intensity of Rivalry

6 Global 5G Services Market, By Type

6.1 Overview

6.1.1 Professional Services

6.1.1.1 System Integration

6.1.1.1.1 Market Estimates & Forecast, 2020-2027

6.1.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

6.1.1.2 Network Planning and Optimization

6.1.1.2.1 Market Estimates & Forecast, 2020-2027

6.1.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

6.1.1.3 Network Implementation

6.1.1.3.1 Market Estimates & Forecast, 2020-2027

6.1.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

6.1.1.4 Others

6.1.1.4.1 Market Estimates & Forecast, 2020-2027

6.1.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

6.1.2 Managed Services

6.1.2.1 Market Estimates & Forecast, 2020-2027

6.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

7 Global 5G Services Market, By Communication Type

7.1 Overview

7.1.1 Extreme Mobile Broadband

7.1.1.1 Market Estimates & Forecast, 2020-2027

7.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

7.1.2 Massive Machine-Type Communications (MMTC)

7.1.2.1 Market Estimates & Forecast, 2020-2027

7.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

7.1.3 Ultra-Reliable Machine-Type Communications (UMTC)

7.1.3.1 Market Estimates & Forecast, 2020-2027

7.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

7.1.4 Fixed Wireless Access (FWA)

7.1.4.1 Market Estimates & Forecast, 2020-2027

7.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

8 Global 5G Services Market, By Technology

8.1 Overview

8.1.1 Wi-Fi

8.1.1.1 Market Estimates & Forecast, 2020-2027

8.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.2 High-Speed Package Access (HSPA)

8.1.2.1 Market Estimates & Forecast, 2020-2027

8.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.3 Radio Access Technologies (RAT)

8.1.3.1 Market Estimates & Forecast, 2020-2027

8.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.4 Global System for Mobile (GSM)

8.1.4.1 Market Estimates & Forecast, 2020-2027

8.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.5 Worldwide Interoperability for Microwave Access (WiMAX)

8.1.5.1 Market Estimates & Forecast, 2020-2027

8.1.5.2 Market Estimates & Forecast By Region/Country, 2020-2027

9 Global 5G Services Market, By Vertical

9.1 Overview

9.1.1 Energy and Utilities

9.1.1.1 Market Estimates & Forecast, 2020-2027

9.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.2 Automotive

9.1.2.1 Market Estimates & Forecast, 2020-2027

9.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.3 Healthcare

9.1.3.1 Market Estimates & Forecast, 2020-2027

9.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.4 IT & Telecommunication

9.1.4.1 Market Estimates & Forecast, 2020-2027

9.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.5 Retrofit Installation

9.1.5.1 Market Estimates & Forecast, 2020-2027

9.1.5.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.6 Consumer Electronics

9.1.6.1 Market Estimates & Forecast, 2020-2027

9.1.6.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.6 Industrial

9.1.6.1 Market Estimates & Forecast, 2020-2027

9.1.6.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.6 Retail

9.1.6.1 Market Estimates & Forecast, 2020-2027

9.1.6.2 Market Estimates & Forecast By Region/Country, 2020-2027

9.1.6 Others

9.1.6.1 Market Estimates & Forecast, 2020-2027

9.1.6.2 Market Estimates & Forecast By Region/Country, 2020-2027

10 Global 5G Services Market, By Region

10.1 Overview

10.2 North America

10.2.1 Market Estimates & Forecast, By Country, 2020-2027

10.2.2 Market Estimates & Forecast By Type, 2020-2027

10.2.3 Market Estimates & Forecast By Communication Type, 2020-2027

10.2.4 Market Estimates & Forecast By Technology, 2020-2027

10.2.5 Market Estimates & Forecast By Vertical, 2020-2027

10.2.6 US

10.2.6.1 Market Estimates & Forecast By Type, 2020-2027

10.2.6.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.2.6.3 Market Estimates & Forecast By Technology, 2020-2027

10.2.6.4 Market Estimates & Forecast By Vertical, 2020-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast By Type, 2020-2027

10.2.7.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.2.7.3 Market Estimates & Forecast By Technology, 2020-2027

10.2.7.4 Market Estimates & Forecast By Vertical, 2020-2027

10.2.8 Mexico

10.2.8.1 Market Estimates & Forecast By Type, 2020-2027

10.2.8.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.2.8.3 Market Estimates & Forecast By Technology, 2020-2027

10.2.8.4 Market Estimates & Forecast By Vertical, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, By Country, 2020-2027

10.3.2 Market Estimates & Forecast By Type, 2020-2027

10.3.3 Market Estimates & Forecast By Communication Type, 2020-2027

10.3.4 Market Estimates & Forecast By Technology, 2020-2027

10.3.5 Market Estimates & Forecast By Vertical, 2020-2027

10.3.6 Germany

10.3.6.1 Market Estimates & Forecast By Type, 2020-2027

10.3.6.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.3.6.3 Market Estimates & Forecast By Technology, 2020-2027

10.3.6.4 Market Estimates & Forecast By Vertical, 2020-2027

10.3.7 UK

10.3.7.1 Market Estimates & Forecast By Type, 2020-2027

10.3.7.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.3.7.3 Market Estimates & Forecast By Technology, 2020-2027

10.3.7.4 Market Estimates & Forecast By Vertical, 2020-2027

10.3.8 France

10.3.8.1 Market Estimates & Forecast By Type, 2020-2027

10.3.8.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.3.8.3 Market Estimates & Forecast By Technology, 2020-2027

10.3.8.4 Market Estimates & Forecast By Vertical, 2020-2027

10.3.9 Rest of Europe

10.3.9.1 Market Estimates & Forecast By Type, 2020-2027

10.3.9.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.3.9.3 Market Estimates & Forecast By Technology, 2020-2027

10.3.9.4 Market Estimates & Forecast By Vertical, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, By Country, 2020-2027

10.4.2 Market Estimates & Forecast By Type, 2020-2027

10.4.3 Market Estimates & Forecast By Communication Type, 2020-2027

10.4.4 Market Estimates & Forecast By Technology, 2020-2027

10.4.5 Market Estimates & Forecast By Vertical, 2020-2027

10.4.6 China

10.4.6.1 Market Estimates & Forecast By Type, 2020-2027

10.4.6.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.4.6.3 Market Estimates & Forecast By Technology, 2020-2027

10.4.6.4 Market Estimates & Forecast By Vertical, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast By Type, 2020-2027

10.4.7.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.4.7.3 Market Estimates & Forecast By Technology, 2020-2027

10.4.7.4 Market Estimates & Forecast By Vertical, 2020-2027

10.4.8 India

10.4.8.1 Market Estimates & Forecast By Type, 2020-2027

10.4.8.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.4.8.3 Market Estimates & Forecast By Technology, 2020-2027

10.4.8.4 Market Estimates & Forecast By Vertical, 2020-2027

10.4.9 Rest of Asia-Pacific

10.4.9.1 Market Estimates & Forecast By Type, 2020-2027

10.4.9.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.4.9.3 Market Estimates & Forecast By Technology, 2020-2027

10.4.9.4 Market Estimates & Forecast By Vertical, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, By Country, 2020-2027

10.5.2 Market Estimates & Forecast By Type, 2020-2027

10.5.3 Market Estimates & Forecast By Communication Type, 2020-2027

10.5.4 Market Estimates & Forecast By Technology, 2020-2027

10.5.5 Market Estimates & Forecast By Vertical, 2020-2027

10.5.6 The Middle East and Africa

10.5.6.1 Market Estimates & Forecast By Type, 2020-2027

10.5.6.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.5.6.3 Market Estimates & Forecast By Technology, 2020-2027

10.5.6.4 Market Estimates & Forecast By Vertical, 2020-2027

10.5.7 Latin America

10.5.7.1 Market Estimates & Forecast By Type, 2020-2027

10.5.7.2 Market Estimates & Forecast By Communication Type, 2020-2027

10.5.7.3 Market Estimates & Forecast By Technology, 2020-2027

10.5.7.4 Market Estimates & Forecast By Vertical, 2020-2027

11 Competitive Landscape

11.1 Competitive Scenario

11.1.1 Competitive Overview of 5G Services Market

11.1.2 Competitive Benchmarking of 5G Services Market

12 Company Profiles

12.1 Nokia Corporation

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Product Offerings

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategy

12.2 China Mobile

12.2.1 Company Overview

12.2.2 Financial Overview

12.2.3 Product Offerings

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategy

12.3 Deutsche Telekom

12.3.1 Company Overview

12.3.2 Financial Overview

12.3.3 Product Offerings

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategy

12.4 Saudi Telecom Company

12.4.1 Company Overview

12.4.2 Financial Overview

12.4.3 Product Offerings

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategy

12.5 Cisco Systems Inc.

12.5.1 Company Overview

12.5.2 Financial Overview

12.5.3 Product Offerings

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategy

12.6 Intel Corporation

12.6.1 Company Overview

12.6.2 Financial Overview

12.6.3 Product Offerings

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategy

12.7 AT&T Inc.

12.7.1 Company Overview

12.7.2 Financial Overview

12.7.3 Product Offerings

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategy

12.8 NEC Corporation

12.8.1 Company Overview

12.8.2 Financial Overview

12.8.3 Product Offerings

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategy

12.9 Verizon Communications Inc.

12.9.1 Company Overview

12.9.2 Financial Overview

12.9.3 Product Offerings

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategy

12.10 BT Group

12.10.1 Company Overview

12.10.2 Financial Overview

12.10.3 Product Offerings

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategy

12.11 Sprint

12.11.1 Company Overview

12.11.2 Financial Overview

12.11.3 Product Offerings

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.11.6 Key Strategy

13 Appendix