5G Applications and Services Market 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.

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.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

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.

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Arun Kalwani

Arun Kalwani

Research Analyst

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

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Arun Kalwani

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

Table of Contents

  • Contents
  • 1. Executive Summary
  • 2. Global 5G Applications and Services Market
  • 2.1. Product Overview
  • 2.2. Market Definition
  • 2.3. Segmentation
  • 2.4. Assumptions and Acronyms
  • 3. Research Methodology
  • 3.1. Research Objectives
  • 3.2. Primary Research
  • 3.3. Secondary Research
  • 3.4. Forecast Model
  • 3.5. Market Size Estimation
  • 4. Average Pricing Analysis
  • 5. Macro-Economic Indicators
  • 6. Market Dynamics
  • 6.1. Growth Drivers
  • 6.2. Restraints
  • 6.3. Opportunity
  • 6.4. Trends
  • 7. Correlation & Regression Analysis
  • 7.1. Correlation Matrix
  • 7.2. Regression Matrix
  • 8. Recent Development, Policies & Regulatory Landscape
  • 9. Risk Analysis
  • 9.1. Demand Risk Analysis
  • 9.2. Supply Risk Analysis
  • 10. Global 5G Applications and Services Market Analysis
  • 10.1. Porters Five Forces
  • 10.1.1. Threat of New Entrants
  • 10.1.2. Bargaining Power of Suppliers
  • 10.1.3. Threat of Substitutes
  • 10.1.4. Rivalry
  • 10.2. PEST Analysis
  • 10.2.1. Political
  • 10.2.2. Economic
  • 10.2.3. Social
  • 10.2.4. Technological
  • 11. Global 5G Applications and Services Market
  • 11.1. Market Size & forecast, 2020A-2030F
  • 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12. Global 5G Applications and Services Market: Market Segmentation
  • 12.1. By Regions
  • 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.1.3. 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
  • 12.1.4. 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
  • 12.1.5. 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
  • 12.2. By Communication: Market Share (2020-2030F)
  • 12.2.1. FWA, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.2. eMBB, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.2.3. MMTC and URLLC, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3. By End user: Market Share (2020-2030F)
  • 12.3.1. Broadband Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.2. Connected Vehicles, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.3. Smart Buildings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.4. Smart Cities, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.5. Connected Factories, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.6. Smart Utilities, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
  • 12.3.7. 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.

Why Bonafide Research?

  • Our seasoned industry experts bring diverse sector experience, tailoring methodologies to your unique challenges.
  • Leveraging advanced technology and time-tested methods ensures accurate and forward-thinking insights.
  • Operating globally with a local touch, our research spans borders for a comprehensive view of international markets.
  • Timely and actionable insights empower swift, informed decision-making in dynamic market landscapes.
  • We foster strong client relationships based on trust, transparency, and collaboration.
  • Our dedicated team adapts and evolves strategies to meet your evolving needs.
  • Upholding the highest standards of ethics and data security, we ensure confidentiality and integrity throughout the research process.

How client has rates us?

Requirement Gathering & Methodology
92%
Data Collection Techniques
97%
Our Research Team & Data Sourcing
93%
Data Science & Analytical Tools
81%
Data Visualization & Presentation Skills
86%
Project/ Report Delivery & After Sales Services
88%
Logo

5G Applications and Services Market 2030

We are friendly and approachable, give us a call.