5G Services Market Size, Share, Trends Analysis Report By Communication Type, By Vertical (Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare), And Segment Forecasts, 2021 - 2025

Published: Aug, 2019 | Pages: 101 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

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.

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.

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.

 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. GVR's 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
                          3.4.1.1. Supplier power
                          3.4.1.2. Buyer power
                          3.4.1.3. Substitution threat
                          3.4.1.4. Threat from new entrant
                          3.4.1.5. Competitive rivalry
                      3.4.2. PESTEL analysis
                          3.4.2.1. Political landscape
                          3.4.2.2. Economic landscape
                          3.4.2.3. Social landscape
                          3.4.2.4. Technology landscape
                          3.4.2.5. Environmental landscape
                          3.4.2.6. 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)
Chapter 6. 5G Services Vertical Outlook
                  6.1. 5G Services Market, By Vertical, 2020 & 2025
                  6.2. Manufacturing
                      6.2.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.2.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
                  6.3. Energy & Utilities
                      6.3.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.3.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
                  6.4. Media & Entertainment
                      6.4.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.4.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
                  6.5. IT & Telecom
                      6.5.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.5.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
                  6.6. Transportation & Logistics
                      6.6.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.6.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
                  6.7. Healthcare
                      6.7.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.7.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
                  6.8. Others
                      6.8.1. Market estimates and forecasts, 2020 - 2025 (USD Billion)
                      6.8.2. Market estimates and forecasts, by region, 2020 - 2025 (USD Billion)
Chapter 7. 5G Services Regional Outlook
                  7.1. 5G Services Market, By Region, 2020 & 2025
                  7.2. North America
                      7.2.1. Market estimates and forecasts, 2020 - 2025
                      7.2.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                      7.2.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.2.4. U.S.
                          7.2.4.1. Market estimates and forecasts, 2020 - 2025
                          7.2.4.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.2.4.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.2.5. Canada
                          7.2.5.1. Market estimates and forecasts, 2020 - 2025
                          7.2.5.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.2.5.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                  7.3. Europe
                      7.3.1. Market estimates and forecasts, 2020 - 2025
                      7.3.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                      7.3.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.3.4. U.K.
                          7.3.4.1. Market estimates and forecasts, 2020 - 2025
                          7.3.4.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.3.4.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.3.5. Germany
                          7.3.5.1. Market estimates and forecasts, 2020 - 2025
                          7.3.5.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.3.5.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.3.6. France
                          7.3.6.1. Market estimates and forecasts, 2020 - 2025
                          7.3.6.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.3.6.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.3.7. Russia
                          7.3.7.1. Market estimates and forecasts, 2020 - 2025
                          7.3.7.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.3.7.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.3.8. Italy
                          7.3.8.1. Market estimates and forecasts, 2020 - 2025
                          7.3.8.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.3.8.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.3.9. Spain
                          7.3.9.1. Market estimates and forecasts, 2020 - 2025
                          7.3.9.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.3.9.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                  7.4. Asia Pacific
                      7.4.1. Market estimates and forecasts, 2020 - 2025
                      7.4.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                      7.4.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.4.4. China
                          7.4.4.1. Market estimates and forecasts, 2020 - 2025
                          7.4.4.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.4.4.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.4.5. India
                          7.4.5.1. Market estimates and forecasts, 2020 - 2025
                          7.4.5.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.4.5.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.4.6. Japan
                          7.4.6.1. Market estimates and forecasts, 2020 - 2025
                          7.4.6.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.4.6.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.4.7. South Korea
                          7.4.7.1. Market estimates and forecasts, 2020 - 2025
                          7.4.7.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.4.7.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                  7.5. Latin America
                      7.5.1. Market estimates and forecasts, 2020 - 2025
                      7.5.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                      7.5.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.5.4. Brazil
                          7.5.4.1. Market estimates and forecasts, 2020 - 2025
                          7.5.4.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.5.4.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                      7.5.5. Mexico
                          7.5.5.1. Market estimates and forecasts, 2020 - 2025
                          7.5.5.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                          7.5.5.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
                  7.6. MEA
                      7.6.1. Market estimates and forecasts, 2020 - 2025
                      7.6.2. Market estimates and forecasts, by communication type, 2020 - 2025 (USD Billion)
                      7.6.3. Market estimates and forecasts, by vertical, 2020 - 2025 (USD Billion)
Chapter 8. Competitive Landscape
                  8.1. Company Profiles
                      8.1.1. AT & T Inc
                          8.1.1.1. Company overview
                          8.1.1.2. Financial performance
                          8.1.1.3. Product benchmarking
                          8.1.1.4. Strategic initiatives
                      8.1.2. Verizon Communications Inc.
                          8.1.2.1. Company overview
                          8.1.2.2. Financial performance
                          8.1.2.3. Product benchmarking
                          8.1.2.4. Strategic initiatives
                      8.1.3. BT Group plc
                          8.1.3.1. Company overview
                          8.1.3.2. Financial performance
                          8.1.3.3. Product benchmarking
                          8.1.3.4. Strategic initiatives
                      8.1.4. China Mobile Ltd.
                          8.1.4.1. Company overview
                          8.1.4.2. Financial performance
                          8.1.4.3. Product benchmarking
                          8.1.4.4. Strategic initiatives
                      8.1.5. China Telecom Corporation Limited
                          8.1.5.1. Company overview
                          8.1.5.2. Financial performance
                          8.1.5.3. Product benchmarking
                          8.1.5.4. Strategic initiatives
                      8.1.6. Bharti Airtel Limited
                          8.1.6.1. Company overview
                          8.1.6.2. Financial performance
                          8.1.6.3. Product benchmarking
                          8.1.6.4. Strategic initiatives
                      8.1.7. KT Corporation
                          8.1.7.1. Company overview
                          8.1.7.2. Financial performance
                          8.1.7.3. Product benchmarking
                          8.1.7.4. Strategic initiatives
                      8.1.8. Saudi Telecom Company
                          8.1.8.1. Company overview
                          8.1.8.2. Financial performance
                          8.1.8.3. Product benchmarking
                          8.1.8.4. Strategic initiatives
                      8.1.9. Vodafone limited
                          8.1.9.1. Company overview
                          8.1.9.2. Financial performance
                          8.1.9.3. Product benchmarking
                          8.1.9.4. Strategic initiatives
                      8.1.10. Deutsche Telekom Group
                          8.1.10.1. Company overview
                          8.1.10.2. Financial performance
                          8.1.10.3. Product benchmarking
                          8.1.10.4. Strategic initiatives
                      8.1.11. SK Telecom Co., Ltd.
                          8.1.11.1. Company overview
                          8.1.11.2. Financial performance
                          8.1.11.3. Product benchmarking
                          8.1.11.4. Strategic initiatives

List of Tables

Table 1 List of abbreviations
Table 2 5G services market, 2020 - 2025 (USD Billion)
Table 3 5G services market, by region, 2020 - 2025 (USD Billion)
Table 4 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 5 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 6 Communication type 5G services market, 2020 - 2025 (USD Billion)
Table 7 Communication type 5G services market, by region, 2020 - 2025 (USD Billion)
Table 8 Vertical 5G services market, 2020 - 2025 (USD Billion)
Table 9 Vertical 5G services market, by region, 2020 - 2025 (USD Billion)
Table 10 FWA 5G services market, 2020 - 2025 (USD Billion)
Table 11 FWA 5G services market, by region, 2020 - 2025 (USD Billion)
Table 12 eMBB 5G services market, 2020 - 2025 (USD Billion)
Table 13 eMBB 5G services market, by region, 2020 - 2025 (USD Billion)
Table 14 uRLLC 5G services market, 2020 - 2025 (USD Billion)
Table 15 uRLLC 5G services market, by region, 2020 - 2025 (USD Billion)
Table 16 mMTC 5G services market, 2020 - 2025 (USD Billion)
Table 17 mMTC 5G services market, by region, 2020 - 2025 (USD Billion)
Table 18 Manufacturing 5G services market, 2020 - 2025 (USD Billion)
Table 19 Manufacturing 5G services market, by region, 2020 - 2025 (USD Billion)
Table 20 Energy & utilities 5G services market, 2020 - 2025 (USD Billion)
Table 21 Energy & utilities 5G services market, by region, 2020 - 2025 (USD Billion)
Table 22 Media & entertainment 5G services market, 2020 - 2025 (USD Billion)
Table 23 Media & entertainment 5G services market, by region, 2020 - 2025 (USD Billion)
Table 24 IT & telecom 5G services market, 2020 - 2025 (USD Billion)
Table 25 IT & telecom 5G services market, by region, 2020 - 2025 (USD Billion)
Table 26 Transportation & logistics 5G services market, 2020 - 2025 (USD Billion)
Table 27 Transportation & logistics 5G services market, by region, 2020 - 2025 (USD Billion)
Table 28 Healthcare 5G services market, 2020 - 2025 (USD Billion)
Table 29 Healthcare 5G services market, by region, 2020 - 2025 (USD Billion)
Table 30 Others 5G services market, 2020 - 2025 (USD Billion)
Table 31 Others 5G services market, by region, 2020 - 2025 (USD Billion)
Table 32 North America 5G services market, 2020 - 2025 (USD Billion)
Table 33 North America 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 34 North America 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 35 U.S. 5G services market, 2020 - 2025 (USD Billion)
Table 36 U.S. 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 37 U.S. 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 38 Canada 5G services market, 2020 - 2025 (USD Billion)
Table 39 Canada 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 40 Canada 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 41 Europe 5G services market, 2020 - 2025 (USD Billion)
Table 42 Europe 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 43 Europe 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 44 U.K. 5G services market, 2020 - 2025 (USD Billion)
Table 45 U.K. 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 46 U.K. 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 47 Germany 5G services market, 2020 - 2025 (USD Billion)
Table 48 Germany 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 49 Germany 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 50 France 5G services market, 2020 - 2025 (USD Billion)
Table 51 France 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 52 France 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 53 Russia 5G services market, 2020 - 2025 (USD Billion)
Table 54 Russia 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 55 Russia 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 56 Italy 5G services market, 2020 - 2025 (USD Billion)
Table 57 Italy 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 58 Italy 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 59 Spain 5G services market, 2020 - 2025 (USD Billion)
Table 60 Spain 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 61 Spain 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 62 Asia Pacific 5G services market, 2020 - 2025 (USD Billion)
Table 63 Asia Pacific 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 64 Asia Pacific 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 65 China 5G services market, 2020 - 2025 (USD Billion)
Table 66 China 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 67 China 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 68 India 5G services market, 2020 - 2025 (USD Billion)
Table 69 India 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 70 India 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 71 Japan 5G services market, 2020 - 2025 (USD Billion)
Table 72 Japan 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 73 Japan 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 74 South Korea 5G services market, 2020 - 2025 (USD Billion)
Table 75 South Korea 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 76 South Korea 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 77 Latin America 5G services market, 2020 - 2025 (USD Billion)
Table 78 Latin America 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 79 Latin America 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 80 Brazil 5G services market, 2020 - 2025 (USD Billion)
Table 81 Brazil 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 82 Brazil 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 83 Mexico 5G services market, 2020 - 2025 (USD Billion)
Table 84 Mexico 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 85 Mexico 5G services market, by vertical, 2020 - 2025 (USD Billion)
Table 86 MEA 5G services market, 2020 - 2025 (USD Billion)
Table 87 MEA 5G services market, by communication type, 2020 - 2025 (USD Billion)
Table 88 MEA 5G services market, by vertical, 2020 - 2025 (USD Billion)

List of Figures

Fig. 1 5G services market, 2020 (USD Billion) 
Fig. 2 5G services market segmentation and scope
Fig. 3 5G services market, 2020 - 2025 (USD Billion) 
Fig. 4 Value chain analysis 
Fig. 5 5G services market driver impact 
Fig. 6 5G services market restraint impact 
Fig. 7 5G services market opportunity impact 
Fig. 8 5G services penetration and growth prospects mapping 
Fig. 9 5G services market - Porter's five forces analysis 
Fig. 10 5G services market - PESTLE analysis 
Fig. 11 5G services market, by communication type, 2020 & 2025 (USD Billion) 
Fig. 12 5G services market, by vertical, 2020 & 2025 (USD Billion) 
Fig. 13 5G services market, by region, 2020 & 2025 
Fig. 14 North America 5G services market - Key takeaways
Fig. 15 Europe 5G services market - Key takeaways 
Fig. 16 Asia Pacific 5G services market - Key takeaways 
Fig. 17 Latin America 5G services market - Key takeaways
Fig. 18 MEA 5G services market - Key takeaways