5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services) - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.
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 rising demand for reliable and ultra-low latency connectivity services, increasing use of connected Internet of Things (IoT) devices, and growing data traffic are some of the factors expected to drive the 5G services market. However, the deployment cost of network services may restrain the growth of the 5G services market.
The broadband vertical is expected to have the largest market share in the 5G Services market by 2025. The 5G Fixed Wireless Access (FWA) application would disrupt the broadband ecosystem, as companies have started deploying it on a trial basis in several cities. For instance, Verizon Wireless announced its plans to launch 5G FWA for a group of its residential customers in California, US.
The eMBB segment is expected to hold the largest market share during the forecast period. eMBB is initially considered as an extension to 4G services, and would be commercialized by late 2018 or early 2019. Therefore, due to the early adoption of this application, it is expected to hold the largest market share during the forecast period.
In terms of growth rate, North America is expected to grow at the fastest growth rate, due to its dominance via sustainable and well-established economies, which enable it to invest heavily in Research and Development (R&D) activities. Owing to the rising adoption of new technologies, such as IoT and smart cities, and increasing need for high-speed internet connectivity, telecom service providers have started trials and tests for 5G services.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 5G Services Market, By Vertical
7 5G Services Market, By Application
8 5G Services Market, By Region
9 Competitive Landscape
10 Company ProfilesAirtel AT&T BT Group China Mobile China Telecom Deutsche Telekom DU KT Corporation Saudi Telecom Company SK Telecom Sprint Telstra Verizon Vodafone Group For more information about this report visit https://www.researchandmarkets.com/research/pn29dg/5g_services?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005292/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:4G and 5G
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT MOBILE/WIRELESS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/19/2018 05:34 AM/DISC: 09/19/2018 05:34 AM