Global 5G applications and services market expected to reach USD 663,960 million by 2027, at a CAGR of 25.8% between 2020 and 2027. The rising number of 5G-enabled consumer electronics devices is likely to act as an add-on to market growth over the forecast time period.
The report analyzes and forecasts the 5G applications and services market on a global and regional level. The study offers a forecast from 2020 to 2027 based on revenue (USD Million). The assessment of 5G applications and services market dynamics gives a brief insight into the drivers and restraints of the 5G applications and services market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the 5G applications and services market on a global level.
The report gives a transparent view of the 5G applications and services market. We have included a detailed competitive scenario and portfolio of leading vendors operating in the market. To understand the competitive landscape in the 5G applications and services market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a crucial view of the 5G applications and services market based on communication type, end-user, industry vertical, and region. All the market segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2027. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.
Some noticeable players of the global 5G applications and services market include Airtel India, AT&T Intellectual Property, China Mobile Limited, Cisco, Deutsche Telekom AG, EITC, Intel Corporation, KT Corp., Nokia, NTT Docomo, Samsung, Ericsson, Telefónica S.A., Telstra Wholesale, Verizon Wireless, and Vodafone Limited.
This report segments the 5G applications and services market into:
Global 5G Applications and Services Market: By Communication Type
Global 5G Applications and Services Market: By End-User
Global 5G Applications and Services Market: By Industry Vertical
Global 5G Applications and Services Market: By Region
List of Figures
1. Global 5G Applications and Services Market Segmentation by Communication Type, End-User, Industry Vertical, and Geography
2. Global 5G Applications and Services Market, 2020–2027 (USD Million)
3. Porter’s Five Forces Analysis
4. Global 5G Applications and Services Market Attractiveness, by Communication Type
5. Global 5G Applications and Services Market Attractiveness, by End-User
6. Global 5G Applications and Services Market Attractiveness, by Industry Vertical
7. Global 5G Applications and Services Market Attractiveness, by Region
8. Global 5G Applications and Services Market Revenue Share, by Communication Type, 2020 and 2027 (USD Million)
9. Global 5G Applications and Services Market by Enhanced Mobile Broadband, 2020–2027 (USD Million)
10. Global 5G Applications and Services Market by Ultra-Reliable Low Latency Communications, 2020–2027 (USD Million)
11. Global 5G Applications and Services Market by Massive Machine Type Communications, 2020–2027 (USD Million)
12. Global 5G Applications and Services Market by Fixed Wireless Access, 2020–2027 (USD Million)
13. Global 5G Applications and Services Market by Others, 2020–2027 (USD Million)
14. Global 5G Applications and Services Market Revenue Share, by End-User, 2020 and 2027 (USD Million)
15. Global 5G Applications and Services Market by Residential, 2020–2027 (USD Million)
16. Global 5G Applications and Services Market by Commercial, 2020–2027 (USD Million)
17. Global 5G Applications and Services Market by Industrial, 2020–2027 (USD Million)
18. Global 5G Applications and Services Market Revenue Share, by Industry Vertical, 2020 and 2027 (USD Million)
19. Global 5G Applications and Services Market for Telecommunications, 2020–2027 (USD Million)
20. Global 5G Applications and Services Market for Automotive, 2020–2027 (USD Million)
21. Global 5G Applications and Services Market for Government, 2020–2027 (USD Million)
22. Global 5G Applications and Services Market for Media and Entertainment, 2020–2027 (USD Million)
23. Global 5G Applications and Services Market for Consumer Electronics, 2020–2027 (USD Million)
24. Global 5G Applications and Services Market for Banking, 2020–2027 (USD Million)
25. Global 5G Applications and Services Market for Energy and Utilities, 2020–2027 (USD Million)
26. Global 5G Applications and Services Market for Others, 2020–2027 (USD Million)
27. Global 5G Applications and Services Market Revenue Share, by Region, 2020–2027 (USD Million)
28. North America 5G Applications and Services Market, 2020–2027 (USD Million)
29. Europe 5G Applications and Services Market, 2020–2027 (USD Million)
30. Asia Pacific 5G Applications and Services Market, 2020–2027 (USD Million)
31. Latin America 5G Applications and Services Market, 2020–2027 (USD Million)
32. The Middle East and Africa 5G Applications and Services Market, 2020–2027 (USD Million)
List of Tables
1. Global 5G Applications and Services market snapshot
2. Drivers for 5G Applications and Services market: Impact analysis
3. Restraints of 5G Applications and Services market: Impact analysis
4. North America 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
5. North America 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
6. North America 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
7. The U.S. 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
8. The U.S. 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
9. The U.S. 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
10. Canada 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
11. Canada 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
12. Canada 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
13. Mexico 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
14. Mexico 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
15. Mexico 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
16. Europe 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
17. Europe 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
18. Europe 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
19. UK 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
20. UK 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
21. UK 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
22. France 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
23. France 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
24. France 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
25. Germany 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
26. Germany 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
27. Germany 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
28. Italy 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
29. Italy 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
30. Italy 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
31. Spain 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
32. Spain 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
33. Spain 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
34. Rest of Europe 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
35. Rest of Europe 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
36. Rest of Europe 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
37. Asia Pacific 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
38. Asia Pacific 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
39. Asia Pacific 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
40. China 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
41. China 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
42. China 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
43. Japan 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
44. Japan 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
45. Japan 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
46. India 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
47. India 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
48. India 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
49. South Korea 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
50. South Korea 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
51. South Korea 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
52. Rest of Asia Pacific 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
53. Rest of Asia Pacific 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
54. Rest of Asia Pacific 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
55. Latin America 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
56. Latin America 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
57. Latin America 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
58. Brazil 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
59. Brazil 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
60. Brazil 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
61. Argentina 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
62. Argentina 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
63. Argentina 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
64. Rest of Latin America 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
65. Rest of Latin America 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
66. Rest of Latin America 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
67. The Middle East and Africa 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
68. The Middle East and Africa 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
69. The Middle East and Africa 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
70. Saudi Arabia 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
71. Saudi Arabia 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
72. Saudi Arabia 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
73. UAE 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
74. UAE 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
75. UAE 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
76. Rest of MEA 5G Applications and Services Market Revenue, By Communication Type, 2020–2027 (USD Million)
77. Rest of MEA 5G Applications and Services Market Revenue, By End-User, 2020–2027 (USD Million)
78. Rest of MEA 5G Applications and Services Market Revenue, By Industry Vertical, 2020–2027 (USD Million)
Technically advanced features offered by the overall 5G infrastructure, such as low latency, high bandwidth, and supreme speed, have contributed to the development of the 5G applications and services market globally. 5G infrastructure is designed in such a way that they offer the lowest latency, i.e., of 1 MS or below. This not only increases the speed but also drastically reduces the response time of data or information transfer. Furthermore, the rising number of 5G-enabled consumer electronics devices is likely to act as an add-on to the market growth over the forecast time period. Companies like Samsung, Huawei, and Fujitsu are focusing on investing in 5G technology. In 2018, Samsung announced investments worth USD 22 billion to be utilized over the next three years in technologies like 5G, Artificial Intelligence (AI), etc. Thus, it is expected that the demand for 5G applications and services will drive the 5G applications and services market in the future.
5G is designed to be the prime network for “Internet of Things” (IoT) use to support a large number of devices that require a long battery life, which will utilize two narrowband technologies to reduce network complexities. The increasing adoption of smart devices in the IoT network is fueling the global 5G applications and services market. The overall IoT market size in 2020 is likely to be worth USD 195 billion. IoT is being adopted in various sectors, such as healthcare, automotive, IT and telecom, consumer electronics, BFSI, etc. It is expected that the 5G network will play a key role in IoT development, owing to its technological benefits over 4G networks, such as high speed and reliable connection. This is expected to attract numerous customers from different sectors to subscribe to 5G in the future. This, in turn, will further boost the 5G applications and services market globally in the years ahead.
On the basis of communication type, the 5G applications and services market includes enhanced mobile broadband, ultra-reliable low latency communications, massive machine type communications, fixed wireless access, and others. The fixed wireless access segment is expected to hold the largest market share, whereas massive machine type communications will show the highest growth rate over the forecast time period. Based on end-user, the 5G applications and services market includes residential, commercial, and industrial. By industry vertical, the market includes telecommunications, automotive, government, media and entertainment, consumer electronics, banking, energy and utilities, and others.
By region, North America is expected to grow considerably in the years ahead, owing to the presence of developed economies like the U.S. and Canada. The U.S. is projected to make significant contributions to the growth of the North American 5G applications and services market. The European 5G applications and services market is likely to be driven by the increasing demand for 5G in Germany and the UK in the future.
Some noticeable players of the global 5G applications and services market include Airtel India, AT&T Intellectual Property, China Mobile Limited, Cisco, Deutsche Telekom AG, EITC, Intel Corporation, KT Corp., Nokia, NTT Docomo, Samsung, Ericsson, Telefónica S.A., Telstra Wholesale, Verizon Wireless, and Vodafone Limited.
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