HOME Top Market Reports 5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA), and Region - Global Forecast to 2025

5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA), and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: September 2018
Report Code: TC 6596

 

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The global 5G services market is expected to grow from USD 53.93 billion in 2020 to USD 123.27 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. The forecast period is 2020–2025.

The 5G services market report aims at estimating the market size and potential of the use cases of 5G across segments, such as vertical, application, and region. The primary objectives of the report are to provide a detailed analysis of the major factors (drivers, restraints, opportunities, industry-specific challenges, and recent developments) influencing the market’s growth, analyze the market opportunities for stakeholders, and offer details of the competitive landscape of the market leaders.

The research methodology used to estimate and forecast the 5G services market began with capturing data about the revenues of key vendors through secondary sources, such as annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. This research study involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Other than these sources, analysis and releases from industry trade associations, such as government regulatory bodies, were considered during the research process. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global 5G services market from the revenues of the key market players. After arriving at the overall market size, the market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The break-up of the profiles of the primary participants is depicted in the figure below:

5G Services Market

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The 5G services market players include AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China),Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).

Key Target Audience

  • Telecom infrastructure vendors
  • Device manufacturers
  • Telecom network operators
  • Technology investors
  • Telecom software solution providers
  • Research organizations, universities, and consulting companies
  • Cellular technology-related associations, organizations, forums, and alliances

Scope of the Report

The research report categorizes the 5G services market to forecast the revenues and analyze the trends in each of the following subsegments:

By Application

  • mMTC and URLLC
  • eMBB
  • FWA

By Vertical

  • Smart Cities
  • Connected Factories
  • Smart Buildings
  • Connected Vehicles
  • Connected Healthcare
  • Connected Retail
  • Smart Utilities
  • Broadband
  • Voice

Others(education, connected agriculture, aerospace and defense, and data centers)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • Product matrix provides detailed product information and comparisons

Geographic Analysis

  • Further breakdown of the North American 5G services market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market 
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
    2.2 Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the 5G Services Market
    4.2 Market Share of Top 3 Verticals and Regions
    4.3 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rise in Demand for Reliable and Ultra-Low Latency Connectivity Services
                    5.2.1.2 Rapid Increase in the Development of Connected IoT Devices
                    5.2.1.3 Continuous Increase in Data Traffic
           5.2.2 Restraints
                    5.2.2.1 Cost Involved in the Deployment of Network Services
           5.2.3 Opportunities
                    5.2.3.1 Infrastructural Development Initiatives, Such as Smart Cities
                    5.2.3.2 Transition From On-Premises Legacy Systems to Cloud-Based Solutions
           5.2.4 Challenges
                    5.2.4.1 Vertical-Focused Business Model
                    5.2.4.2 Issues Related to Global Spectrum
    5.3 Latest Implementation and Trials of 5G Services
    5.4 Comparison Between Enabling Technologies

6 5G Services Market, By Vertical (Page No. - 34)
    6.1 Introduction
    6.2 Smart Cities
           6.2.1 Smart Signaling and Traffic Management Systems
           6.2.2 Smart Parking
           6.2.3 Environmental Monitoring
           6.2.4 Public Safety
           6.2.5 Water and Waste Management
    6.3 Connected Factories
           6.3.1 Connected Machineries and Sensors
           6.3.2 Logistics and Supply Chain
           6.3.3 Asset Tracking
           6.3.4 Workforce Tracking
           6.3.5 Incident Management and Communication
    6.4 Smart Buildings
           6.4.1 Connected HVAC
           6.4.2 Smart Homes
           6.4.3 Digital Content Management
    6.5 Connected Vehicles
           6.5.1 Autonomous Vehicles
           6.5.2 Vehicle Telematics
           6.5.3 Freight Information System
    6.6 Connected Healthcare
           6.6.1 Clinical Operations and Workflow Management
           6.6.2 Inpatient Monitoring
           6.6.3 Connected Imaging
           6.6.4 Medication Management
    6.7 Connected Retail
           6.7.1 Advertising and Marketing
           6.7.2 Point of Sale
           6.7.3 Video Surveillance and Safety
    6.8 Smart Utilities
    6.9 Voice
    6.10 Broadband
    6.11 Others

7 5G Services Market, By Application (Page No. - 48)
    7.1 Introduction
    7.2 MMTC and URLLC
    7.3 EMBB
    7.4 FWA

8 5G Services Market, By Region (Page No. - 51)
    8.1 Introduction
    8.2 North America
           8.2.1 United States
           8.2.2 Canada
    8.3 Europe
           8.3.1 Norway
           8.3.2 Germany
           8.3.3 United Kingdom
           8.3.4 Switzerland
    8.4 Asia Pacific
           8.4.1 South Korea
           8.4.2 Japan
           8.4.3 China
           8.4.4 Indonesia
           8.4.5 India
           8.4.6 Australia and New Zealand
    8.5 Latin America
           8.5.1 Brazil
           8.5.2 Mexico
    8.6 Middle East and Africa
           8.6.1 Middle East and North Africa

9 Competitive Landscape (Page No. - 81)
    9.1 Overview
    9.2 Key Players in the 5G Services Market
    9.3 Competitive Scenario
           9.3.1 Partnerships, Agreements, and Collaborations
           9.3.2 New Product/Service Launches and 5G Trials
           9.3.3 Mergers and Acquisitions
           9.3.4 Business Expansions

10 Company Profiles (Page No. - 85)
     10.1 Introduction
(Business Overview, Recent and Future Developments, MnM View)*
     10.2 AT&T
     10.3 China Mobile
     10.4 SK Telecom
     10.5 Verizon
     10.6 BT Group
     10.7 China Telecom
     10.8 Deutsche Telekom
     10.9 KT Corporation
     10.10 Sprint
     10.11 Telstra
     10.12 Airtel
     10.13 DU
     10.14 Saudi Telecom Company
     10.15 Vodafone Group

* Business Overview, Recent and Future Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 111)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (59 Tables)

Table 1 5G Services Market Size, By Vertical , 2020–2025 (USD Billion)
Table 2 Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 3 Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 4 Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 5 Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 6 Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 7 Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 8 Market Size By Broadband, 2020–2025 (USD Billion)
Table 9 Market Size By Application, 2020–2025 (USD Billion)
Table 10 5G Services Market Size, By Region, 2020–2025 (USD Billion)
Table 11 North America: Market Size By Application, 2020–2025 (USD Billion)
Table 12 North America: Market Size By Vertical, 2020–2025 (USD Billion)
Table 13 North America: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 14 North America: Market SizeBy Connected Factories, 2020–2025 (USD Billion)
Table 15 North America: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 16 North America: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 17 North America: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 18 North America: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 19 North America: Market Size By Broadband, 2020–2025 (USD Billion)
Table 20 Europe: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 21 Europe: Market Size By Vertical, 2020–2025 (USD Billion)
Table 22 Europe: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 23 Europe: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 24 Europe: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 25 Europe: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 26 Europe: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 27 Europe: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 28 Europe: Market Size By Broadband, 2020–2025 (USD Billion)
Table 29 Asia Pacific: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 30 Asia Pacific: Market Size By Vertical, 2020–2025 (USD Billion)
Table 31 Asia Pacific: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 32 Asia Pacific: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 33 Asia Pacific: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 34 Asia Pacific: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 35 Asia Pacific: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 36 Asia Pacific: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 37 Asia Pacific: Market Size By Broadband, 2020–2025 (USD Billion)
Table 38 Latin America: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 39 Latin America: Market Size By Vertical, 2020–2025 (USD Billion)
Table 40 Latin America: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 41 Latin America: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 42 Latin America: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 43 Latin America: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 44 Latin America: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 45 Latin America: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 46 Latin America: Market Size By Broadband, 2020–2025 (USD Billion)
Table 47 Middle East and Africa: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 48 Middle East and Africa: Market Size By Vertical, 2020–2025 (USD Billion)
Table 49 Middle East and Africa: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 50 Middle East and Africa: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 51 Middle East and Africa: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 52 Middle East and Africa: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 53 Middle East and Africa: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 54 Middle East and Africa: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 55 Middle East and Africa: Market Size By Broadband, 2020–2025 (USD Billion)
Table 56 Partnerships, Agreements, and Collaborations, 2018
Table 57 New Product/Service Launches and 5G Trials, 2018
Table 58 Mergers and Acquisitions, 2018
Table 59 Business Expansions, 2018


List of Figures (34 Figures)

Figure 1 5G Services Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 5G Services Market: Assumptions
Figure 7 North America is Expected to Exhibit the Fastest Growth Rate During the Forecast Period
Figure 8 5G Services Market Size, By Region, 2020–2025 (USD Billion)
Figure 9 Connected Vehicles Vertical is Expected to Have the Highest CAGR During the Forecast Period
Figure 10 MMTC and URLLC Application is Expected to Have the Highest CAGR During the Forecast Period
Figure 11 Latent-Free Services are Expected to Offer Greater Growth Prospects for 5G Services During the Forecast Period
Figure 12 Broadband Vertical and North America are Estimated to Have the Largest Market Shares in 2020
Figure 13 Asia Pacific and Europe are Expected to Emerge as the Best Markets for Investment in the Coming Years
Figure 14 5G Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Broadband Vertical is Estimated to Hold the Major Market Share in 2020
Figure 16 EMBB, Being A Supplementary Add-On to the 4G Network, is Expected to Hold the Majority Share in the Market
Figure 17 North America is Expected to Have the Largest Market Share During the Forecast Period
Figure 18 Europe is Expected to Register the Second Fastest Growth Rate During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Key Strategies Adopted By the Leading Players in 5G Services Market During 2017–2018
Figure 21 Geographic Revenue Mix: Top 4 Market Players
Figure 22 AT&T: Company Snapshot
Figure 23 China Mobile: Company Snapshot
Figure 24 SK Telecom: Company Snapshot
Figure 25 Verizon: Company Snapshot
Figure 26 BT Group: Company Snapshot
Figure 27 China Telecom: Company Snapshot
Figure 28 Deutsche Telekom: Company Snapshot
Figure 29 KT Corporation: Company Snapshot
Figure 30 Sprint: Company Snapshot
Figure 31 Telstra: Company Snapshot
Figure 32 Airtel: Company Snapshot
Figure 33 DU : Company Snapshot
Figure 34 Vodafone Group: Company Snapshot

MarketsandMarkets forecasts the 5G services market to grow from USD 53.93 billion in 2020 to USD 123.27 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18% during the forecast period. The major factors expected to drive the 5G services market growth are the rising demand for reliable and ultra-low latency connectivity services and increasing use of connected IoT devices.

The objective of this report is to define, describe, and forecast the 5G services market on the basis of applications, verticals, and regions. Among verticals, the broadband vertical is expected to have the largest market share during the forecast period, as this vertical would drive revenues of the majority of telcos. However, many telcos are primarily in search of a more lucrative market to invest in and roll out their 5G services, thereby resulting in minimal broadband growth.

The enhanced Mobile Broadband (eMBB) segment is expected to hold the largest market share. eMBB, an initial stage of 5G services and a supplementary add-on to 4G communication, would witness maximum adoption, followed by mMTC and URLLC applications. The mMTC segment is expected to witness the fastest growth rate, due to the growing amount of machine-to-machine communication platforms.

5G Services Market

North America is expected to hold the largest market share in the 5G services market. Various factors are expected to contribute to the growth of the 5G services market across the region. The factors include the ongoing developments to lay 5G infrastructure across the remaining states of the US and increasing contribution of telcos in North America.

Countries that would launch 5G services include the US, UK, China, South Korea, Japan, and Germany. The countries with strong 4G infrastructure would be the early deplorers. The countries with agile connectivity platforms would quickly transform their services into 5G, probably by the first quarter of 2020.

The key players in the 5G services market include AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China),Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).

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