5G Services Market to grow at a CAGR of 31.13% from 2022 to 2027, Growing R&D and deployment of 5G network to boost growth - Technavio

NEW YORK, March 1, 2023 /PRNewswire/ -- The 5G services market size is estimated to grow by USD 311.93 billion during 2022-2027, progressing at a CAGR of 31.13% during the forecast period, according to Technavio. There is rapid growth in research and development as well as deployment of the 5G hardware, driving the growth of the global market. The market is also witnessing growth in the innovation of trend-setting items boosting the market. For instance, in January 2020, Chinese vendor Huawei completed 5G New Radio testing using a 2.6 GHz spectrum in the 5G trial organized by the IMT-2020 (5G) promotion group. The company's dominating position in test completion and newly acquired results further accelerate the progress of 5G technology R&D and help in forming a set of unified global standards to impressively conclude China's second phase of the 5G test. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) –Request a sample report.

5G Services Market 2023-2027: Segmentation

• End-User 
• Consumers
• Enterprises

• Communication Technology
• eMBB
• FWA
• mMTC
• uRLLC

• Regions 
• North America 
• The U.S.
• Canada
• Europe 
• U.K.
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• South America 
• Chile
• Argentina
• Brazil
• Middle East & Africa 
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

The consumer segment is estimated to be significant for the growth of the market during the forecast period. Enhanced mobile broadband services (eMBB), which have elevated the 4G LTE mobile broadband experiences drive commercial deployments in the market. Consumers' concerns regarding the overall reliability, speed, and cost of internet services will be the factors driving the market growth during the forecast period.

North America is estimated to contribute to 42% of the growth of the global 5G services market during the forecast period. Factors like the penetration of technologies like online payments and video streaming have boosted the demand for IoT solutions in the region. As the smartphone mobile segment progresses, the subsectors within the telecommunication industry including network infrastructure and 5G services are growing alongside.

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

5G Services Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our 5G services market report covers the following areas:

• 5G Services Market size
• 5G Services Market trends
• 5G Services Market industry analysis

5G Services Market 2023-2027: Vendor Analysis

The market is fragmented with the presence of many vendors. AT and T Inc., Bell Canada, Bharti Airtel Ltd., BT Group Plc, China Mobile Ltd., Deutsche Telekom AG, Etisalat, kt corp., MTN Group Ltd., Nippon Telegraph and Telephone Corp., Orange SA, Reliance Industries Ltd., Rogers Communications Inc., Saudi Telecom Co., SK Telecom Co. Ltd., T Mobile US Inc., Telefonica SA, Telstra Corp. Ltd., Verizon Communications Inc., and Vodafone Group Plc are some of the major market participants.

Vendor Offerings –

• AT&T Inc. – This company offers 5G services where one can enjoy fast internet speeds while downloading the latest apps, sharing videos, and gaming.
• Airtel Inc. - The company offers 5G services which help to enjoy high-quality videos without buffering and delivers speed for better work productivity.
• China Mobile Ltd. - The company offers 5G services that deliver ultra-high speed, ultra-low latency, and ultra-wide connection and provide more ideas and solutions for helping all mankind jointly tackle the challenges of sustainable development.
• Know more about vendors and their offerings - Request a Sample Report.
   

5G Services Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist 5G services market growth during the next five years
• Estimation of the 5G services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the 5G services market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 5G services market vendors

Why buy?

• Add credibility to the strategy
• Analyzes competitor's offerings
• Get a holistic view of the market

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The 5G testing equipment market is estimated to grow at a CAGR of 7.84% and the size of the market is forecast to increase by USD 515.76 million between 2022 and 2027. The increasing demand for improved network capacity to access connected services is notably driving the wireless testing market growth. 

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Table Of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Communication Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global 5G services market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global 5G services market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Communication technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Communication technology Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Consumers - Market size and forecast 2022-2027
• Exhibit 34: Chart on Consumers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Consumers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Consumers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Consumers - Year-over-year growth 2022-2027 (%)

• 6.4 Enterprises - Market size and forecast 2022-2027
• Exhibit 38: Chart on Enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Enterprises - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user
• Exhibit 42: Market opportunity by End-user ($ billion)

7 Market Segmentation by Communication Technology

• 7.1 Market segments
• Exhibit 43: Chart on Communication Technology - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Communication Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Communication Technology
• Exhibit 45: Chart on Comparison by Communication Technology
• Exhibit 46: Data Table on Comparison by Communication Technology

• 7.3 eMBB - Market size and forecast 2022-2027
• Exhibit 47: Chart on eMBB - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on eMBB - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on eMBB - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on eMBB - Year-over-year growth 2022-2027 (%)

• 7.4 FWA - Market size and forecast 2022-2027
• Exhibit 51: Chart on FWA - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on FWA - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on FWA - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on FWA - Year-over-year growth 2022-2027 (%)

• 7.5 mMTC - Market size and forecast 2022-2027
• Exhibit 55: Chart on mMTC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on mMTC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on mMTC - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on mMTC - Year-over-year growth 2022-2027 (%)

• 7.6 uRLLC - Market size and forecast 2022-2027
• Exhibit 59: Chart on uRLLC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on uRLLC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on uRLLC - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on uRLLC - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Communication Technology
• Exhibit 63: Market opportunity by Communication Technology ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Canada - Market size and forecast 2022-2027
• Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors
• Exhibit 115: Matrix on vendor position and classification

• 12.3 AT and T Inc.
• Exhibit 116: AT and T Inc. - Overview
• Exhibit 117: AT and T Inc. - Business segments
• Exhibit 118: AT and T Inc. - Key news
• Exhibit 119: AT and T Inc. - Key offerings
• Exhibit 120: AT and T Inc. - Segment focus

• 12.4 Bharti Airtel Ltd.
• Exhibit 121: Bharti Airtel Ltd. - Overview
• Exhibit 122: Bharti Airtel Ltd. - Business segments
• Exhibit 123: Bharti Airtel Ltd. - Key news
• Exhibit 124: Bharti Airtel Ltd. - Key offerings
• Exhibit 125: Bharti Airtel Ltd. - Segment focus

• 12.5 BT Group Plc
• Exhibit 126: BT Group Plc - Overview
• Exhibit 127: BT Group Plc - Business segments
• Exhibit 128: BT Group Plc - Key offerings
• Exhibit 129: BT Group Plc - Segment focus

• 12.6 China Mobile Ltd.
• Exhibit 130: China Mobile Ltd. - Overview
• Exhibit 131: China Mobile Ltd. - Product / Service
• Exhibit 132: China Mobile Ltd. - Key offerings

• 12.7 Deutsche Telekom AG
• Exhibit 133: Deutsche Telekom AG - Overview
• Exhibit 134: Deutsche Telekom AG - Business segments
• Exhibit 135: Deutsche Telekom AG - Key offerings
• Exhibit 136: Deutsche Telekom AG - Segment focus

• 12.8 kt corp.
• Exhibit 137: kt corp. - Overview
• Exhibit 138: kt corp. - Product / Service
• Exhibit 139: kt corp. - Key offerings

• 12.9 Orange SA
• Exhibit 140: Orange SA - Overview
• Exhibit 141: Orange SA - Product / Service
• Exhibit 142: Orange SA - Key offerings

• 12.10 Reliance Industries Ltd.
• Exhibit 143: Reliance Industries Ltd. - Overview
• Exhibit 144: Reliance Industries Ltd. - Business segments
• Exhibit 145: Reliance Industries Ltd. - Key news
• Exhibit 146: Reliance Industries Ltd. - Key offerings
• Exhibit 147: Reliance Industries Ltd. - Segment focus

• 12.11 Rogers Communications Inc.
• Exhibit 148: Rogers Communications Inc. - Overview
• Exhibit 149: Rogers Communications Inc. - Business segments
• Exhibit 150: Rogers Communications Inc. - Key offerings
• Exhibit 151: Rogers Communications Inc. - Segment focus

• 12.12 SK Telecom Co. Ltd.
• Exhibit 152: SK Telecom Co. Ltd. - Overview
• Exhibit 153: SK Telecom Co. Ltd. - Business segments
• Exhibit 154: SK Telecom Co. Ltd. - Key offerings
• Exhibit 155: SK Telecom Co. Ltd. - Segment focus

• 12.13 T Mobile US Inc.
• Exhibit 156: T Mobile US Inc. - Overview
• Exhibit 157: T Mobile US Inc. - Product / Service
• Exhibit 158: T Mobile US Inc. - Key offerings

• 12.14 Telefonica SA
• Exhibit 159: Telefonica SA - Overview
• Exhibit 160: Telefonica SA - Business segments
• Exhibit 161: Telefonica SA - Key offerings
• Exhibit 162: Telefonica SA - Segment focus

• 12.15 Telstra Corp. Ltd.
• Exhibit 163: Telstra Corp. Ltd. - Overview
• Exhibit 164: Telstra Corp. Ltd. - Business segments
• Exhibit 165: Telstra Corp. Ltd. - Key offerings
• Exhibit 166: Telstra Corp. Ltd. - Segment focus

• 12.16 Verizon Communications Inc.
• Exhibit 167: Verizon Communications Inc. - Overview
• Exhibit 168: Verizon Communications Inc. - Business segments
• Exhibit 169: Verizon Communications Inc. - Key offerings
• Exhibit 170: Verizon Communications Inc. - Segment focus

• 12.17 Vodafone Group Plc
• Exhibit 171: Vodafone Group Plc - Overview
• Exhibit 172: Vodafone Group Plc - Business segments
• Exhibit 173: Vodafone Group Plc - Key offerings
• Exhibit 174: Vodafone Group Plc - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations
• Exhibit 181: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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