5g Services Market Scope And Analysis

Report Code : TIPTE100000353
Category : Technology, Media and Telecommunications

Status : Published
No. of Pages : 254

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5G Services Market Scope and Analysis Report by 2031

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5G Services Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 86.22 Billion
Market Size by 2031	US$ 3,244.40 Billion
Global CAGR (2023 - 2031)	57.4%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Enhanced Mobile Broadband Massive Machine-Type Communications Ultra-Reliable Low Latency Fixed Wireless Access By End User Enterprises Consumers
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Verizon Communications Inc Huawei Technologies Co Ltd Telefonaktiebolaget LM Ericsson Nokia Corp Samsung Electronics Co Ltd ZTE Cop Vodafone Group Plc Orange SA Deutsche Telekom AG and China Mobile Limited

5G Services Market News and Recent Developments

The 5G services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 5G services market are listed below:

Midea, AIS, China Unicom, and Huawei have jointly implemented the first 5G fully connected factory in Southeast Asia, setting a new standard for smart manufacturing in the region. This collaboration marks a new milestone in the 5G era, enhancing efficiency, safety, and automation in complex production processes. Harnessing the comprehensive 5G network coverage of the Midea Industrial Park in Chonburi and a 5G+ industrial Internet platform, each production phase is seamlessly connected through 5G terminals to enable faster machine operation. A dedicated 5G private network has been deployed to support factory operation requirements and leverage intelligent industry applications, which facilitates manufacturing scenarios and interconnects each production line.

(Source: Huawei, Press Release, May 2024)

Ericsson hosted an exclusive event at the Ericsson USA 5G Smart Factory in Lewisville, Texas. The company provided a tour of the facility and hosted programming to reveal the inner workings of the 5G Smart Factory. The tour was attended by key customers, US Government officials, and media and industry analysts. In addition, Ericsson's leadership discussed new developments in connectivity as demand for innovation continues to accelerate rapidly to meet the critical need for national 5G infrastructure.

(Source: Ericsson, Press Release, May 2024)

5G Services Market Report Coverage and Deliverables

The "5G Services Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

5G services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
5G services market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
5G services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 5G services market
Detailed company profiles