5G Services Market to Witness Huge Growth by 2025

JUNE 10, 2020: The global 5G Services market size is estimated to reach USD 164.8 billion by 2025, registering a CAGR of 32.1% from 2021 to 2025, according to a new study by Grand View Research, Inc. The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patients monitoring and remote surgery applications is also anticipated to propel the market growth from 2021 to 2025.

5G Technology

The 5G wireless technology is expected to completely transform the transportation & logistics industry by providing seamless vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity. As such, the need to ensure a strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services. At the same time, the continued deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including developing smart homes, establishing smart cities, and implementing Industry 4.0, among others. Hence, the rising need for higher bandwidth to ensure reliable and seamless communication between IoT devices is expected to propel the market growth over the forecast period.

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In some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is gradually rising. This is expected to open new opportunities for rolling out 5G services over the forecast period. As such, the growing need for remote asset monitoring, drone control and coordination, and smart grid control is anticipated to drive the growth of the ultra-reliable and low-latency communications (uRLLC) segment over the forecast period.

Key market players such as AT&T Inc., China Telecommunications Corporation, and Verizon Communications, among others, are investing aggressively in rolling out 5G infrastructure to provide low-latency services for faster machine-to-machine (M2M) communication. However, these market players are expected to deliberate before making investments owing to the high 5G spectrum prices. Stringent governments regulations and policies pertaining to the 5G wireless technology are also expected to hinder the market growth.

Further key findings from the study suggest that:

• U.S. is anticipated to reach USD 73.1 billion by 2025, exhibiting a CAGR of 35.9% from 2021 to 2025, owing to the rising demand for higher data speeds for several end-use applications, including M2M communications, energy & utility management, and smart mobility management

• The enhanced mobile broadband (eMBB) segment is anticipated to gain the largest market share by 2025 owing to the key market players' emphasis on rolling out high-speed and low-latency data networks for residential and commercial applications, such as video conferencing, virtual meeting, and VR/AR gaming

• The manufacturing segment is expected to register a CAGR of 36.0% over the forecast period owing to the rapidly increasing need for seamless connectivity to drive industrial devices, including robots, and actuators, among others

• Market incumbents are focusing on mergers and acquisitions for delivering 5G services in order to strengthen their market presence and expand their product portfolios

• Key players in the 5G services market include AT&T Inc.; BT Group plc; China Mobile Ltd.; China Telecom Corporation Limited; Bharti Airtel Limited; KT Corporation; Saudi Telecom Company; Vodafone Limited; Deutsche Telekom Group; SK Telecom Co., Ltd.; and Verizon Communications Inc.; among others.

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Table of Contents

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased database

1.3.2. Internal database

1.3.3. Secondary sources & third-party perspectives

1.3.4. Primary research

1.4. Information Analysis

1.4.1. Data analysis models

1.5. Market Formulation & Data Visualization

1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

Chapter 3. Market Variables, Trends, & Scope Outlook

3.1. Penetration & Growth Prospect Mapping

3.2. Industry Value Chain Analysis

3.3. Market Dynamics

3.3.1. Market driver analysis

3.3.2. Market restraint analysis

3.3.3. Market opportunity analysis

3.4. 5G Services Market Analysis

3.4.1. Industry analysis - Porter's five forces Supplier power Buyer power Substitution threat Threat from new entrant Competitive rivalry

3.4.2. PESTEL analysis Political landscape Economic landscape Social landscape Technology landscape Environmental landscape Legal landscape

3.5. A Roadmap of 5G Technology

3.6. Key Investments in Upcoming 5G Technology Infrastructure in Key Countries

3.7. Key Government Regulations Framework Across Key Countries

Chapter 4. 5G Services Market - Competitive Analysis

4.1. Company/Competition Categorization

4.2. Vendor Landscape

4.2.1. List of key service providers

4.2.2. List of key 5G equipment providers

4.2.3. List of 5G-enabled devices manufacturers

Chapter 5. 5G Services Communication Type Outlook

5.1. 5G services Market, By Communication Type, 2020 & 2025

5.2. FWA

5.2.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)

5.2.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)

5.3. eMBB

5.3.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)

5.3.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)

5.4. uRLLC

5.4.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)

5.4.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)

5.5. eMBB

5.5.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)

5.5.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)


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