Global 5G Services Market Growth (Status and Outlook) 2023-2029

Global 5G Services Market Growth (Status and Outlook) 2023-2029

5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra low latency, more reliability, massive network capacity, increased availability, and a more uniform user experience to more users. Higher performance and improved efficiency empower new user experiences and connects new industries. 5G is a unified, more capable air interface. It has been designed with an extended capacity to enable next-generation user experiences, empower new deployment models and deliver new services. With high speeds, superior reliability and negligible latency, 5G will expand the mobile ecosystem into new realms. 5G will impact every industry, making safer transportation, remote healthcare, precision agriculture, digitized logistics — and more — a reality.

LPI (LP Information)' newest research report, the “5G Services Industry Forecast” looks at past sales and reviews total world 5G Services sales in 2022, providing a comprehensive analysis by region and market sector of projected 5G Services sales for 2023 through 2029. With 5G Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 5G Services industry.

This Insight Report provides a comprehensive analysis of the global 5G Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on 5G Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global 5G Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 5G Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 5G Services.

The global 5G Services market size is projected to grow from US$ 6525.9 million in 2022 to US$ 43270 million in 2029; it is expected to grow at a CAGR of 31.0% from 2023 to 2029.

Ericsson and Huawei are the top 2 companies in global 5G services market and account for about 20% of total market share. Geographically speaking, Europe holds about 40% of global market share, followed by North America with about 30% share. In terms of type, eMBB (Enhance Mobile Broadband) segment holds an main share of about 40%. In terms of application, manufacturing segment account for over 30% of the global share.

This report presents a comprehensive overview, market shares, and growth opportunities of 5G Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
eMBB (Enhance Mobile Broadband)
uRLLC (Ultra Reliable Low Latency Communications)
mMTC (Massive Machine Type Communications)

Segmentation by application
Telecom
Media & Entertainment
Manufacturing
Transportation
Retail and Logistics
Healthcare
Public Services
BFSI
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ericsson
Huawei
Nokia
Samsung
ZTE
China Mobile
China Telecom
China Unicom
Verizon
AT&T
Deutsche Telekom AG
Vodafone Group
SK Telecom
NTT
KT Corporation
NEC
Fujitsu

Please note: The report will take approximately 2 business days to prepare and deliver.