GVR Report cover 5G Services Market Size, Share & Trends Report

5G Services Market Size, Share & Trends Analysis Report by Communication Type (FWA, eMBB, uRLLC, mMTC), By Vertical, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-3-68038-435-2
  • Number of Report Pages: 125
  • Format: PDF, Horizon Databook
  • Historical Range: 2020 - 2023
  • Forecast Period: 2022 - 2030 
  • Industry: Technology

5G Services Market Size & Trends

The global 5G services market size was valued at USD 84.31 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 59.4% from 2023 to 2030. 5G wireless mobile services enable a fully mobile and connected environment by delivering a wide range of use cases and business models to consumers. Moreover, faster data speeds and extremely low latency offered by 5G technology would enhance the user experience while using 5G services for several use cases, such as Virtual Reality (VR) and Augmented Reality (AR) gaming, seamless video calling, and Ultra-High Definition (UHD) videos, among others. Growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management, is estimated to propel the adoption of these services over the forecast period.

North America 5G services market size and growth rate, 2024 - 2030  

Moreover, the rising focus on building partnerships by 5G system integration providers with telecom operators is estimated to augment the adoption of these services. Many industry verticals are focusing on technological transformations along with 5G forums for information sharing to improve their overall productivity and operational efficiency as part of efforts to sustain in a highly competitive environment. 5G wireless technology holds the potential to help in realizing remarkable transformations across all these verticals through reductions in overall costs and enhancement in productivity. Continued emphasis on improving energy monitoring and management, as well as gaining better control of the energy generation and distribution network, is also expected to boost market growth over the forecast period.

For instance, the concept of Vehicle-to-anything (V2X) communication has paved the way for connected vehicles and autonomous driving. 5G services would play a crucial role in providing seamless Vehicle-to-Infrastructure (V2I) communication and Vehicle-to-Vehicle (V2V) communication to reduce the chances of accidents on roads. The growing emphasis on ensuring a safe and enhanced driving experience with connected vehicles is expected to drive market growth over the forecast period. Next-generation 5G technologies are increasingly being used in public transportation applications. At the same time, governments across the globe are also planning the deployment of 5G networks through a 5G service roadmap including the expansion of coverage areas and the implementation of new infrastructure.

The 5G edge cloud network and services market also plays a crucial role in enhancing and expanding the capabilities of the overall 5G services market owing to the reduced latency, enhanced performance, and better scalability and flexibility. 5G technologies can provide broadband access for public transportation systems, such as buses and high-speed trains, to provide high-speed internet in transit for entertainment, information, and interaction with smart mobility components. This, in turn, is expected to fuel market growth. Moreover, the strong emphasis on providing reliable and robust communication during natural disasters, such as floods, hurricanes, and earthquakes, is further estimated to spur the adoption of 5G services. However, governments are quoting significantly high prices for service providers for procuring the 5G spectrum. Service providers would have no other option but to pass on these costs to the end-users.

These technologies can provide broadband access for public transportation systems, such as buses and high-speed trains, to provide high-speed internet in transit for entertainment, information, and interaction with smart mobility components. This, in turn, is expected to fuel the market growth. Moreover, the strong emphasis on providing reliable and robust communication during natural disasters, such as floods, hurricanes, and earthquakes, is further estimated to spur the adoption of 5G services. However, the governments are quoting significantly high prices for service providers for procuring the 5G spectrum. Service providers would have no other option but to pass on these costs to the end-users.

Thus, high spectrum prices and the subsequent hike in 5G service subscription prices are expected to hinder market growth to some extent. As the market is in the introduction phase, several key service providers across the globe are investing in deploying modern network infrastructure to tap the maximum subscriber base in their region. However, the outbreak of COVID-19 has put the deployment of several 5G cores and base station infrastructures on hold across the globe. In addition, spectrum auctions for 5G services have been postponed by several federal governments across key countries, such as Spain, the U.S., and France, which will hinder market growth.

Market Characteristics

The market growth stage is high, and the pace of the market growth is accelerating. The 5G services market is characterized by a constant influx of innovations and rapidly evolving technological advances, particularly in the realms of telecommunications and connectivity. Continuous improvements in 5G infrastructure and related technologies are driving increased feasibility and accessibility of high-speed, low-latency communication, making 5G services integral to various industries.

5G Services Market Concentration & Characteristics

In this dynamic market, a notable feature is the high degree of collaboration and partnership activities among leading players. Key industry participants are forming strategic alliances with technology providers, equipment manufacturers, and various stakeholders to enhance the deployment of 5G services globally. Such collaborations aim to strengthen market positions and contribute to the seamless integration of 5G capabilities across different sectors.

Globally, governments are playing a pivotal role in shaping the 5G landscape by enacting regulations and offering incentives to spur the adoption of 5G services. Leading countries in this endeavor include the U.S., China, South Korea, and several European nations. Governments are also recognizing the transformative potential of 5G technology and are investing heavily to ensure its widespread adoption, creating an environment conducive to market growth.

Unlike traditional telecommunication services, 5G services represent a unique and irreplaceable offering in the connectivity landscape. With a relatively nascent market of 5G, 6G technology is still in the early stages of research and development, and commercial deployment is yet to be expected, there are no direct substitutes for the capabilities and advantages that 5G services bring. As the demand for high-speed, low-latency communication continues to surge, the 5G services market is poised for sustained growth.

End-use concentration is high in the 5G services market, with deployment extending to diverse applications. The implementation of 5G services is evident in various sectors, including smart cities, healthcare, manufacturing, and entertainment. The widespread integration of 5G in these applications contributes significantly to the overall growth and maturation of the 5G services market.

Market Dynamics

5G technology is the 5th generation of mobile networks. It is a global wireless standard that enables a new type of network, virtually connecting everything from people, machines, and objects to devices. 5G services deliver higher data speeds with more reliability, ultra-low latency, massive network capacity, increased availability, and a more consistent user experience. The higher performance and improved efficiency enabled by 5G services can empower new experiences and open opportunities for utilizing 5G services for new, innovative use cases across different industries and industry verticals. For instance, 5G services have a massive opportunity of transforming the manufacturing sector. According to a study published by Wipro, a technology & IT consulting Service Company, the benefits of 5G to the global manufacturing sector could amount to USD 740 billion by 2030. In addition to automation, AI/ML, AR/VR, and robotics, manufacturers can also use 5G services to enable IoT at their factories, which can significantly increase the visibility and efficiency of the manufacturing process & supply chain and operational productivity of the manufacturing plant.

Communication Type Insights

Enhanced Mobile Broadband (eMBB) segment dominated the market with a share of more than 40% in 2022 and is expected to grow considerably over the forecast period. The high share is attributed to the preliminary focus by 5G network operators on delivering enhanced broadband capabilities for applications, such as high-speed cloud-based gaming, AR/VR, UHD video, and uninterrupted video calls. The initial phase of the rollout is expected to focus on a 5G wireless non-standalone deployment model. eMBB provides extremely high data speeds for residential and commercial use.

Thus, eMBB is expected to cater to several use cases, such as in-vehicle infotainment, 4K video access, and virtual meetings, thereby driving the segment's growth. The massive Machine-Type Communications (mMTC) segment is expected to witness the fastest CAGR from 2023 to 2030. Massive machine-type communications are envisaged, catering to the growing need for a developed digital ecosystem. mMTC focuses on providing services for high connection density applications, such as smart buildings and smart cities. The growing need to ensure uninterrupted connectivity for all the IoT devices deployed in a network is anticipated to contribute to the growth of the mMTC segment over the forecast period.

Vertical Insights

The enterprise segment led the market in 2021 and held the largest revenue share of 94.0%. The segment is expected to continue its dominance over the forecast period due to significant investments by key players in the latest technologies for communication. The growing demand for higher data speeds for residential and commercial applications is estimated to drive the growth of the IT & telecom segment over the forecast period. 5G services are expected to deliver ubiquitous broadband access between homes and offices, which would encourage remote consultation with specialists and reduce business travel. The growing need for enhanced broadband capacity for virtual business meetings is anticipated to propel the segment growth during the forecast period.

Global 5G services market share and size, 2023

The manufacturing sector has been digitalizing rapidly. As such, production lines are being automated continuously to enhance overall productivity. This has triggered the need for seamless wireless communication between the robots, sensors, actuators, and other devices installed in manufacturing facilities. Thus, the manufacturing segment is expected to exhibit the fastest CAGR over the forecast period. Moreover, key verticals, such as healthcare, are expected to see considerable adoption of services to provide enhanced telemedicine and healthcare emergency services during and post-pandemic.

The consumer segment is expected to grow at the highest CAGR of 71.4% during 2023-2030. This growth is attributed to the increasing commercialization of 5G services for consumer applications across various countries, including the U.S., China, Japan, Germany, and South Korea. The number of 5G subscribers is increasing at a faster rate since 5G provides lower latency, higher speed, and greater capacity as compared to 4G LTE networks.

Regional Insights

Asia Pacific led the market in 2022 with a share of over 40% and is estimated to expand further at the fastest CAGR during the forecast period. Key market players in APAC, such as China Telecom, China Mobile, SK Telecom, and KT Corp., are investing aggressively in rolling out 5G network infrastructure in China, Japan, and South Korea. Most of these investments are for the deployment of next-generation infrastructure for media & entertainment, transportation & logistics, healthcare, and manufacturing industry verticals. These investments are estimated to propel the growth of the Asia Pacific regional market over the forecast period. Moreover, the high demand for smartphones supporting higher data speeds has resulted in robust production of 5G-enabled smartphones across the region.

5G services Market Trends, by Region, 2024 - 2030

5G services are expected to gain traction as key smartphone manufacturers in the region, such as Huawei Technologies Co. Ltd., Samsung Electronics Co., Ltd., and BBK Electronics Corp., continue to launch 5G-enabled smartphones in response to rising demand. North America was the second-largest regional market in 2022. Some of the most significant investments in deploying 5G network infrastructure are materializing in the U.S. For instance, according to GVR analysis, mobile operators based in the U.S. invested around USD 250 billion in mobile network infrastructure rollout between 2010 and 2017. The aggressive investments in the country in building smart homes, establishing smart industries, and rolling out smart city projects are expected to contribute to the growth of the regional market over the forecast period.

Key Companies & Market Share Insights

The global market is highly fragmented as several regional telecom service providers are investing in deploying next-generation infrastructure. This will help companies gain a huge customer base in the market. In addition, these market players are strategically focusing on mergers and acquisitions to strengthen their foothold in the global market. For instance, in September 2018, T-Mobile signed an agreement with Ericsson to support T-Mobile’s 5G deployment in the U.S.

Moreover, key market players are also investing heavy amounts in acquiring the necessary spectrum. Having an adequate spectrum would allow companies to strengthen their overall portfolios and increase their subscriber base across various countries. For instance, in April 2018, BT Group plc’s Enterprise (EE) segment acquired 40 MHz of 3.4 GHz spectrum (3540 - 3580 MHz spectrum frequencies) for around USD 426.5 million. The company plans to utilize the spectrum to provide next-generation improved internet services in the U.K. Key players in the global 5G services market include:

Key 5G Services Companies:

  • AT&T, Inc.
  • British Telecommunications plc
  • China Mobile Ltd.
  • China Telecom Corporation Ltd.
  • Bharti Airtel Limited
  • KT Corp.
  • Saudi Telecom Company
  • Vodafone Group Plc
  • Deutsche Telekom AG
  • SK Telecom Co., Ltd.
  • Verizon Communications, Inc.
  • NTT DOCOMO
  • T-Mobile USA, Inc.
  • Rakuten Mobile Inc.

Recent Developments

  • In June 2023, AT&T, Inc. and Cisco Systems, Inc. entered into a strategic collaboration aimed at assisting businesses in enhancing connectivity to meet the growing needs of a workforce that relies heavily on mobile devices. Together, these companies are looking forward to providing SD-WAN connectivity along with additional services, such as 5G and broadband, ensuring that businesses of all scales can experience an optimized and seamless experience.

  • In June 2023, Vodafone UK merged with Three UK for creating one of Europe’s best in class 5G network service with reliability, great coverage, and high-speed data connectivity.

  • In June 2023, T-Mobile USA Inc. collaborated with the City of Bellevue to jointly launch a network-based Cellular Vehicle-to-Everything (C-V2X) technology. This technology along with T-Mobiles’s 5G network service will provide real-time communication between traffic infrastructure, vulnerable road users, and cars.

  • In June 2023, BT Group Plc partnered with Lyca Mobile for providing customers of Lyca with cost-effective mobile connectivity of 4G and 5G radio access network.

  • In April 2023, Deutsche Telekom AG announced a partnership with Amazon Web Services, a provider of cloud computing platforms. The partnership falls under the Integrated Private Wireless on AWS program, which envisages combining AWS services with private wireless solutions based on LTE and 5G technologies from the campus network portfolio of Deutsche Telekom AG.

  • In April 2023, AT&T, Inc. initiated plans to expand 5G standalone technology service by including MIMO, and carrier aggregation technologies for improving data rates, signal quality, and overall performance.

  • In March 2023, SK Telecom Co., Ltd. Collaborated with Dell Technologies for the launch of a 5G mobile edge computing (MEC) solution. MEC is a significant technology for 5G services including immersive media, autonomous driving, and smart factories.

  • In March 2023, Bharti Airtel Ltd. Launched unlimited 5G data services for its customers with the purpose of making them experience the power of Airtel 5G Plus network service.

  • In February 2023, Saudi Telecom Company signed an agreement with SKYFive Arabia to introduce broadband inflight connectivity to airlines in Saudi Arabia, and in the MENA region. The purpose is to offer a reliable and faster 5G internet connection for international and local flights.

  • In February 2023, NTT Docomo developed a RAN Intelligent Controller (RIC) to enable multivendor interoperability for open radio access networks in the current era of 5G services.

5G Services Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 84.31 Billion

Revenue forecast in 2030

USD 2,208.25 Billion

Growth Rate

CAGR of 59.4% from 2023 to 2030

Actual Data

2020 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD Million and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Communication type, vertical, region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, Russia China, Japan, India, South Korea, Brazil and Mexico

Key companies profiled

AT&T, Inc.; British Telecommunications plc; China Mobile Ltd.; China Telecom Corporation Ltd.; Bharti Airtel Limited; KT Corp.; Saudi Telecom Company; Vodafone Group Plc; Deutsche Telekom AG; SK Telecom Co., Ltd.; Verizon Communications, Inc.; NTT DOCOMO; T-Mobile USA, Inc.; Rakuten Mobile, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global 5G services Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2020 to 2030. For the purpose of this study, Grand View Research has segmented the global 5G services market report based on communication type, vertical, and region:

Global 5G Services Market Segmentation

  • Communication Type Outlook (Revenue, USD Million, 2020 - 2030)

    • Fixed Wireless Access (FWA)

    • Enhanced Mobile Broadband (eMBB)

    • Ultra-Reliable and Low-Latency Communications (uRLLC)

    • Massive Machine-Type Communications (mMTC)

  • Vertical Outlook (Revenue, USD Million, 2020 - 2030)

    • Consumer

    • Enterprises

      • Manufacturing

      • Public Safety

      • Healthcare & Social Work

      • Media & Entertainment

      • Energy & Utility

      • IT & Telecom

      • Transportation & Logistics

      • Aerospace & Defense

      • BFSI

      • Government

      • Retail

      • Mining

      • Oil & Gas

      • Agriculture

      • Construction

      • Real Estate

  • Regional Outlook (Revenue, USD Million, 2020 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Russia

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa (MEA)

Frequently Asked Questions About This Report

Table of Contents

Chapter 1 5G Services Market: Methodology and Scope
                   1.1. Research Methodology
                   1.2. Research Scope and Assumptions
                   1.3. List of Data Sources
Chapter 2 5G Services Market: Executive Summary
                   2.1. Market Snapshot
                   2.2. Segment Snapshot
                   2.3. Competitive Landscape Snapshot
Chapter 3 5G Services Market: Industry Outlook
                   3.1. Market Segmentation and Scope
                   3.2. 5G Services Market - Value Chain Analysis
                   3.3. 5G Services Market - Market Dynamics
                       3.3.1. Market driver analysis
                           3.3.1.1. Growing demand for high-speed data Bandwidth with low latency
                           3.3.1.2. Rising adoption of IoT devices
                       3.3.2. Market challenge analysis
                           3.3.2.1. High Spectrum Costs
                   3.4. 5G Services Market - Porter’s Five Forces Analysis
                   3.5. 5G Services Market - PESTEL Analysis
                   3.6. Key Government Regulations Framework Across Key Countries
                       3.6.1. U.S.
                       3.6.2. Europe
                       3.6.3. Germany
                   3.7. 5G Spectrum Framework Across Key Countries
                       3.7.1. U.S.
                       3.7.2. U.K.
                       3.7.3. Germany
                       3.7.4. Italy
Chapter 4 5G Services Communication Type Outlook
                   4.1. 5G Services Market Share By Communication Type, 2022
                   4.2. FWA
                       4.2.1. FWA 5G Services Market, 2020 - 2030
                   4.3. eMMB
                       4.3.1. eMMB 5G Services Market, 2020 - 2030
                   4.4. uRLLC
                       4.4.1. uRLLC 5G Services Market, 2020 - 2030
                   4.5. mMTC
                       4.5.1. mMTC 5G Services Market, 2020 - 2030
Chapter 5 5G Services Vertical Outlook
                   5.1. 5G Services Market Share By Vertical, 2022
                   5.2. Consumer
                       5.2.1. 5G Services Market by Consumers, 2020 - 2030
                   5.3. Enterprises
                       5.3.1. 5G Services Market by Enterprises, 2020 - 2030
                       5.3.2. Manufacturing
                           5.3.2.1. 5G Services Market by Manufacturing, 2020 - 2030
                       5.3.3. Public Safety
                           5.3.3.1. 5G Services Market by Public Safety, 2020 - 2030
                       5.3.4. Healthcare & Social Work
                           5.3.4.1. 5G Services Market by Healthcare & Social Work, 2020 - 2030
                       5.3.5. Media & Entertainment
                           5.3.5.1. 5G Services Market by Media & Entertainment, 2020 - 2030
                       5.3.6. Energy & Utility
                           5.3.6.1. 5G Services Market by Energy & Utility, 2020 - 2030
                       5.3.7. IT & Telecom
                           5.3.7.1. 5G Services Market by IT & Telecom, 2020 - 2030
                       5.3.8. Transportation & Logistics
                           5.3.8.1. 5G Services Market by Transportation & Logistics, 2020 - 2030
                       5.3.9. Aerospace & Defense
                           5.3.9.1. 5G Services Market by Aerospace & Defense, 2020 - 2030
                       5.3.10. BFSI
                           5.3.10.1. 5G Services Market by BFSI, 2020 - 2030
                       5.3.11. Government
                           5.3.11.1. 5G Services Market by Government, 2020 - 2030
                       5.3.12. Retail
                           5.3.12.1. 5G Services Market by Retail, 2020 - 2030
                       5.3.13. Mining
                           5.3.13.1. 5G Services Market by Mining, 2020 - 2030
                       5.3.14. Oil & Gas
                           5.3.14.1. 5G Services Market by Oil & Gas, 2020 - 2030
                       5.3.15. Agriculture
                           5.3.15.1. 5G Services Market by Manufacturing, 2020 - 2030
                       5.3.16. Construction
                           5.3.16.1. 5G Services Market by Construction, 2020 - 2030
                       5.3.17. Real Estate
                           5.3.17.1. 5G Services Market by Real Estate, 2020 - 2030
Chapter 6 5G Services Regional Outlook
                   6.1. 5G Services Market Share By Region, 2022
                   6.2. North America
                       6.2.1. North America 5G Services Market, 2020 - 2030
                       6.2.2. North America 5G Services Market, by Communication Type, 2020 - 2030
                       6.2.3. North America 5G Services Market, by Vertical, 2020 - 2030
                           6.2.3.1. North America 5G services market, by enterprises, 2020 - 2030
                       6.2.4. U.S.
                           6.2.4.1. U.S. 5G Services Market, 2020 - 2030
                           6.2.4.2. U.S. 5G Services Market, by Communication Type, 2020 - 2030
                           6.2.4.3. U.S. 5G Services Market, by Vertical, 2020 - 2030
                               6.2.4.3.1. U.S. 5G services market, by enterprises, 2020 - 2030
                       6.2.5. Canada
                           6.2.5.1. Canada 5G Services Market, 2020 - 2030
                           6.2.5.2. Canada 5G Services Market, by Communication Type, 2020 - 2030
                           6.2.5.3. Canada 5G Services Market, by Vertical, 2020 - 2030
                               6.2.5.3.1. Canada 5G services market, by enterprises, 2020 - 2030
                   6.3. Europe
                       6.3.1. Europe 5G Services Market, 2020 - 2030
                       6.3.2. Europe 5G Services Market, by Communication Type, 2020 - 2030
                       6.3.3. Europe 5G Services Market, by Vertical, 2020 - 2030
                           6.3.3.1. Europe 5G services market, by enterprises, 2020 - 2030
                       6.3.4. U.K.
                           6.3.4.1. U.K. 5G Services Market, 2020 - 2030
                           6.3.4.2. U.K. 5G Services Market, by Communication Type, 2020 - 2030
                           6.3.4.3. U.K. 5G Services Market, by Vertical, 2020 - 2030
                               6.3.4.3.1. U.K. 5G services market, by enterprises, 2020 - 2030
                       6.3.5. Germany
                           6.3.5.1. Germany 5G Services Market, 2020 - 2030
                           6.3.5.2. Germany 5G Services Market, by Communication Type, 2020 - 2030
                           6.3.5.3. Germany 5G Services Market, by Vertical, 2020 - 2030
                               6.3.5.3.1. Germany 5G services market, by enterprises, 2020 - 2030
                       6.3.6. France
                           6.3.6.1. France 5G Services Market, 2020 - 2030
                           6.3.6.2. France 5G Services Market, by Communication Type, 2020 - 2030
                           6.3.6.3. France 5G Services Market, by Vertical, 2020 - 2030
                               6.3.6.3.1. France 5G services market, by enterprises, 2020 - 2030
                       6.3.7. Russia
                           6.3.7.1. Russia 5G Services Market, 2020 - 2030
                           6.3.7.2. Russia 5G Services Market, by Communication Type, 2020 - 2030
                           6.3.7.3. Russia 5G Services Market, by Vertical, 2020 - 2030
                               6.3.7.3.1. Russia. 5G services market, by enterprises, 2020 - 2030
                       6.3.8. Italy
                           6.3.8.1. Italy 5G Services Market, 2020 - 2030
                           6.3.8.2. Italy 5G Services Market, by Communication Type, 2020 - 2030
                           6.3.8.3. Italy 5G Services Market, by Vertical, 2020 - 2030
                               6.3.8.3.1. Italy 5G services market, by enterprises, 2020 - 2030
                       6.3.9. Spain
                           6.3.9.1. Spain 5G Services Market, 2020 - 2030
                           6.3.9.2. Spain 5G Services Market, by Communication Type, 2020 - 2030
                           6.3.9.3. Spain 5G Services Market, by Vertical, 2020 - 2030
                               6.3.9.3.1. Spain 5G services market, by enterprises, 2020 - 2030
                   6.4. Asia Pacific
                       6.4.1. Asia Pacific 5G Services Market, 2020 - 2030
                       6.4.2. Asia Pacific 5G Services Market, by Communication Type, 2020 - 2030
                       6.4.3. Asia Pacific 5G Services Market, by Vertical, 2020 - 2030
                           6.4.3.1. Asia Pacific 5G services market, by enterprises, 2020 - 2030
                       6.4.4. China
                           6.4.4.1. China 5G Services Market, 2020 - 2030
                           6.4.4.2. China 5G Services Market, by Communication Type, 2020 - 2030
                           6.4.4.3. China 5G Services Market, by Vertical, 2020 - 2030
                               6.4.4.3.1. China 5G services market, by enterprises, 2020 - 2030
                       6.4.5. India
                           6.4.5.1. India 5G Services Market, 2020 - 2030
                           6.4.5.2. India 5G Services Market, by Communication Type, 2020 - 2030
                           6.4.5.3. India 5G Services Market, by Vertical, 2020 - 2030
                               6.4.5.3.1. India 5G services market, by enterprises, 2020 - 2030
                       6.4.6. Japan
                           6.4.6.1. Japan 5G Services Market, 2020 - 2030
                           6.4.6.2. Japan 5G Services Market, by Communication Type, 2020 - 2030
                           6.4.6.3. Japan 5G Services Market, by Vertical, 2020 - 2030
                               6.4.6.3.1. Japan 5G services market, by enterprises, 2020 - 2030
                       6.4.7. South Korea
                           6.4.7.1. South Korea 5G Services Market, 2020 - 2030
                           6.4.7.2. South Korea 5G Services Market, by Communication Type, 2020 - 2030
                           6.4.7.3. South Korea 5G Services Market, by Vertical, 2020 - 2030
                               6.4.7.3.1. South Korea 5G services market, by enterprises, 2020 - 2030
                   6.5. Latin America
                       6.5.1. Latin America 5G Services Market, 2020 - 2030
                       6.5.2. Latin America 5G Services Market, by Communication Type, 2020 - 2030
                       6.5.3. Latin America 5G Services Market, by Vertical, 2020 - 2030
                           6.5.3.1. Latin America 5G services market, by enterprises, 2020 - 2030
                       6.5.4. Brazil
                           6.5.4.1. Brazil 5G Services Market, 2020 - 2030
                           6.5.4.2. Brazil 5G Services Market, by Communication Type, 2020 - 2030
                           6.5.4.3. Brazil 5G Services Market, by Vertical, 2020 - 2030
                           6.5.4.3.1. Brazil 5G services market, by enterprises, 2020 - 2030
                       6.5.5. Mexico
                           6.5.5.1. Mexico 5G Services Market, 2020 - 2030
                           6.5.5.2. Mexico 5G Services Market, by Communication Type, 2020 - 2030
                           6.5.5.3. Mexico 5G Services Market, by Vertical, 2020 - 2030
                               6.5.5.3.1. Mexico 5G services market, by enterprises, 2020 - 2030
                   6.6. MEA
                       6.6.1. MEA 5G Services Market, 2020 - 2030
                       6.6.2. MEA 5G Services Market, by Communication Type, 2020 - 2030
                       6.6.3. MEA 5G Services Market, by Vertical, 2020 - 2030
                           6.6.3.1. MEA 5G services market, by enterprises, 2020 - 2030
Chapter 7 Competitive Analysis
                   7.1. Recent Developments and Impact Analysis, by Key Market Participants
                   7.2. Company Categorization
                   7.3. Vendor Landscape
                       7.3.1. Key company market share analysis, 2022
                       7.3.2. List Of Key 5G System Integrators
                       7.3.3. List Of Key 5G Equipment Providers
                       7.3.4. List Of Key 5G-Enabled Devices Manufacturers
                       7.3.5. List Of Key 5G Chipsets Manufacturers
                   7.4. Company Analysis Tools
                       7.4.1. Company market position analysis
                       7.4.2. Competitive dashboard analysis
Chapter 8 Competitive Landscape
                   8.1. AT&T, Inc.
                       8.1.1. Company overview
                       8.1.2. Financial performance
                       8.1.3. Product benchmarking
                       8.1.4. Strategic initiatives
                   8.2. BT Group plc
                       8.2.1. Company overview
                       8.2.2. Financial performance
                       8.2.3. Product benchmarking
                       8.2.4. Strategic initiatives
                   8.3. China Mobile Ltd.
                       8.3.1. Company overview
                       8.3.2. Financial performance
                       8.3.3. Product benchmarking
                       8.3.4. Strategic initiatives
                   8.4. China Telecom Corporation Ltd.
                       8.4.1. Company overview
                       8.4.2. Financial performance
                       8.4.3. Product benchmarking
                       8.4.4. Strategic initiatives
                   8.5. Bharti Airtel Ltd
                       8.5.1. Company overview
                       8.5.2. Financial performance
                       8.5.3. Product benchmarking
                       8.5.4. Strategic initiatives
                   8.6. NTT Docomo
                       8.6.1. Company overview
                       8.6.2. Financial performance
                       8.6.3. Product benchmarking
                       8.6.4. Strategic initiatives
                   8.7. KT Corp.
                       8.7.1. Company overview
                       8.7.2. Financial performance
                       8.7.3. Product benchmarking
                       8.7.4. Strategic initiatives
                   8.8. Saudi Telecom Company
                       8.8.1. Company overview
                       8.8.2. Financial performance
                       8.8.3. Product benchmarking
                       8.8.4. Strategic initiatives
                   8.9. Vodafone Group
                       8.9.1. Company overview
                       8.9.2. Financial performance
                       8.9.3. Product benchmarking
                       8.9.4. Strategic initiatives
                   8.10. Deutsche Telekom AG
                       8.10.1. Company overview
                       8.10.2. Financial performance
                       8.10.3. Product benchmarking
                       8.10.4. Strategic initiatives
                   8.11. SK Telecom Co., Ltd
                       8.11.1. Company overview
                       8.11.2. Financial performance
                       8.11.3. Product benchmarking
                       8.11.4. Strategic initiatives
                   8.12. Verizon Communications, Inc.
                       8.12.1. Company overview
                       8.12.2. Financial performance
                       8.12.3. Product benchmarking
                       8.12.4. Strategic initiatives
                   8.13. T-Mobile USA, Inc.
                       8.13.1. Company overview
                       8.13.2. Financial performance
                       8.13.3. Product benchmarking
                       8.13.4. Strategic initiatives
                   8.14. Rakuten Mobile Inc.
                       8.14.1. Company overview
                       8.14.2. Financial performance
                       8.14.3. Product benchmarking
                       8.14.4. Strategic initiatives


List of Tables

Table 1 Global 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 2. Fixed Wireless Access (FWA) 5G Services Market, 2020 - 2030 (USD Million)
Table 3. Fixed Wireless Access (FWA) 5G Services Market, by region, 2020 - 2030 (USD Million)
Table 4. Enhanced Mobile Broadband (eMBB) 5G Services Market, 2020 - 2030 (USD Million)
Table 5. Enhanced Mobile Broadband (eMBB) 5G Services Market, by region, 2020 - 2030 (USD Million)
Table 6. Ultra-Reliable and Low-Latency Communications (uRLLC) 5G Services Market, 2020 - 2030 (USD Million)
Table 7. Ultra-Reliable and Low-Latency Communications (uRLLC) 5G Services Market, by region, 2020 - 2030 (USD Million)
Table 8. Massive Machine-Type Communications (mMTC) 5G Services Market, 2020 - 2030 (USD Million)
Table 9. Massive Machine-Type Communications (mMTC) 5G Services Market, by region, 2020 - 2030 (USD Million)
Table 10. Global 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 11. 5G Services Market by Consumers, 2020 - 2030 (USD Million)
Table 12. 5G Services Market by Consumers, by region, 2020 - 2030 (USD Million)
Table 13. 5G Services Market by Enterprises, 2020 - 2030 (USD Million)
Table 14. 5G Services Market by Enterprises, by region, 2020 - 2030 (USD Million)
Table 15. 5G Services Market by Manufacturing, 2020 - 2030 (USD Million)
Table 16. 5G Services Market by Manufacturing, by region, 2020 - 2030 (USD Million)
Table 17. 5G Services Market by Public Safety, 2020 - 2030 (USD Million)
Table 18. 5G Services Market by Public Safety, by region, 2020 - 2030 (USD Million)
Table 19. 5G Services Market by Healthcare & Social Work, 2020 - 2030 (USD Million)
Table 20. 5G Services Market by Healthcare & Social Work, by region, 2020 - 2030 (USD Million)
Table 21. 5G Services Market by Media & Entertainment, 2020 - 2030 (USD Million)
Table 22. 5G Services Market by Media & Entertainment, by region, 2020 - 2030 (USD Million)
Table 23. 5G Services Market by Energy & Utility, 2020 - 2030 (USD Million)
Table 24. 5G Services Market by Energy & Utility, by region, 2020 - 2030 (USD Million)
Table 25. 5G Services Market by IT & Telecom, 2020 - 2030 (USD Million)
Table 26. 5G Services Market by IT & Telecom, by region, 2020 - 2030 (USD Million)
Table 27. 5G Services Market by Transportation & Logistics, 2020 - 2030 (USD Million)
Table 28. 5G Services Market by Transportation & Logistics, by region, 2020 - 2030 (USD Million)
Table 29. 5G Services Market by Aerospace & Defense, 2020 - 2030 (USD Million)
Table 30. 5G Services Market by Aerospace & Defense, by region, 2020 - 2030 (USD Million)
Table 31. 5G Services Market by BFSI, 2020 - 2030 (USD Million)
Table 32. 5G Services Market by BFSI, by region, 2020 - 2030 (USD Million)
Table 33. 5G Services Market by Government, 2020 - 2030 (USD Million)
Table 34. 5G Services Market by Government, by region, 2020 - 2030 (USD Million)
Table 35. 5G Services Market by Retail, 2020 - 2030 (USD Million)
Table 36. 5G Services Market by Retail, by region, 2020 - 2030 (USD Million)
Table 37. 5G Services Market by Mining, 2020 - 2030 (USD Million)
Table 38. 5G Services Market by Mining, by region, 2020 - 2030 (USD Million)
Table 39. 5G Services Market by Oil & Gas, 2020 - 2030 (USD Million)
Table 40. 5G Services Market by Oil & Gas, by region, 2020 - 2030 (USD Million)
Table 41. 5G Services Market by Agriculture, 2020 - 2030 (USD Million)
Table 42. 5G Services Market by Agriculture, by region, 2020 - 2030 (USD Million)
Table 43. 5G Services Market by Construction, 2020 - 2030 (USD Million)
Table 44. 5G Services Market by Construction, by region, 2020 - 2030 (USD Million)
Table 45. 5G Services Market by Real Estate, 2020 - 2030 (USD Million)
Table 46. 5G Services Market by Real Estate, by region, 2020 - 2030 (USD Million)
Table 47. North America 5G Services Market, 2020 - 2030 (USD Million)
Table 48. North America 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 49. North America 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 50. North America 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 51. U.S. 5G Services Market, 2020 - 2030 (USD Million)
Table 52. U.S. 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 53. U.S. 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 54. U.S. 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 55. Canada 5G Services Market, 2020 - 2030 (USD Million)
Table 56. Canada 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 57. Canada 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 58. Canada 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 59. Europe 5G Services Market, 2020 - 2030 (USD Million)
Table 60. Europe 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 61. Europe 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 62. Europe 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 63. U.K. 5G Services Market, 2020 - 2030 (USD Million)
Table 64. U.K. 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 65. U.K. 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 66. U.K. 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 67. Germany 5G Services Market, 2020 - 2030 (USD Million)
Table 68. Germany 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 69. Germany 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 70. Germany 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 71. France 5G Services Market, 2020 - 2030 (USD Million)
Table 72. France 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 73. France 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 74. France 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 75. Russia 5G Services Market, 2020 - 2030 (USD Million)
Table 76. Russia 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 77. Russia 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 78. Russia 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 79. Italy 5G Services Market, 2020 - 2030 (USD Million)
Table 80. Italy 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 81. Italy 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 82. Italy 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 83. Spain 5G Services Market, 2020 - 2030 (USD Million)
Table 84. Spain 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 85. Spain 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 86. Spain 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 87. Asia Pacific 5G Services Market, 2020 - 2030 (USD Million)
Table 88. Asia Pacific 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 89. Asia Pacific 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 90. Asia Pacific 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 91. China 5G Services Market, 2020 - 2030 (USD Million)
Table 92. China 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 93. China 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 94. China 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 95. India 5G Services Market, 2020 - 2030 (USD Million)
Table 96. India 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 97. India 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 98. India 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 99. Japan 5G Services Market, 2020 - 2030 (USD Million)
Table 100. Japan 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 101. Japan 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 102. Japan 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 103. South Korea 5G Services Market, 2020 - 2030 (USD Million)
Table 104. South Korea 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 105. South Korea 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 106. South Korea 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 107. Latin America 5G Services Market, 2020 - 2030 (USD Million)
Table 108. Latin America 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 109. Latin America 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 110. Latin America 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 111. Brazil 5G Services Market, 2020 - 2030 (USD Million)
Table 112. Brazil 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 113. Brazil 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 114. Brazil 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 115. Mexico 5G Services Market, 2020 - 2030 (USD Million)
Table 116. Mexico 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 117. Mexico 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 118. Mexico 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)
Table 119. MEA 5G Services Market, 2020 - 2030 (USD Million)
Table 120. MEA 5G Services Market, by Communication Type, 2020 - 2030 (USD Million)
Table 121. MEA 5G Services Market, by Vertical, 2020 - 2030 (USD Million)
Table 122. MEA 5G Services Market, by Enterprises, 2020 - 2030 (USD Million)


List of Figures

Fig. 1 5G Services Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot (1/2)
Fig. 8 Segment Snapshot (2/2)
Fig. 9 Competitive Landscape Snapshot
Fig. 10 5G Services Market : Industry Value Chain Analysis
Fig. 11 5G Services Market : Market Dynamics
Fig. 12 5G Services Market : PORTER’s Analysis
Fig. 13 5G Services Market : PESTEL Analysis
Fig. 14 5G Services Market Share by Communication Type, 2023 & 2030 (USD Million)
Fig. 15 5G Services Market , by Communication Type: Market Share, 2023 & 2030
Fig. 16 Fixed Wireless Access (FWA) 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 17 Enhanced Mobile Broadband (eMBB) 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 18 Ultra-Reliable and Low-Latency Communications (uRLLC) 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 19 Massive Machine-Type Communications (mMTC) 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 20 5G Services Market Share by Vertical, 2023 & 2030 (USD Million)
Fig. 21 5G Services Market , by Vertical: Market Share, 2023 & 2030
Fig. 22 Consumer 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 23 Enterprises 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 24 Manufacturing 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 25 Public Safety 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 26 Healthcare & Social Work 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 27 Media & Entertainment 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 28 Energy & Utility 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 29 IT & Telecom 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 30 Transportation & Logistics 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 31 Aerospace & Defense 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 32 BFSI 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 33 Government 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 34 Retail 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 35 Mining 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 36 Oil & Gas 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 37 Agriculture 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 38 Construction 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 39 Real Estate 5G Services Market Estimates & Forecasts, 2020 - 2030 (Revenue, USD Million)
Fig. 40 Regional Marketplace: Key Takeaways
Fig. 41 Regional Marketplace: Key Takeaways
Fig. 42 North America 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 43 U.S. 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 44 Canada 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 45 Europe 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 46 U.K. 5G Services Market Estimates and Forecasts, 2020 – 2030 (USD Million)
Fig. 47 Germany 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 48 France 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 49 Russia 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 50 Italy 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 51 Spain 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 52 Asia Pacific 5G Services Market Estimates and Forecast, 2020 – 2030 (USD Million)
Fig. 53 China 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 54 India 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 55 Japan 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 56 South Korea 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 57 Latin America 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 58 Brazil 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 59 Mexico 5G Services Market Estimates and Forecasts, 2020 - 2030 (USD Million)
Fig. 60 MEA 5G Services Market Estimates and Forecasts, 2020 – 2030 (USD Million)
Fig. 61 Key Company Categorization
Fig. 62 Company Market Positioning
Fig. 63 Key Company Market Share Analysis, 2023
Fig. 64 Strategic Framework

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Market Segmentation

  • 5G services communication type Outlook (Revenue, USD Million, 2020 - 2030)
    • Fixed Wireless Access (FWA)
    • Enhanced Mobile Broadband (eMBB)
    • Ultra-Reliable and Low-Latency Communications(uRLLC)
    • Massive Machine-Type Communications(mMTC)
  • 5G services vertical Outlook (Revenue, USD Million; 2020 - 2030)
    • Consumer
    • Enterprises
      • Manufacturing
      • Public Safety
      • Healthcare & Social Work
      • Media & Entertainment
      • Energy & Utility
      • IT & Telecom
      • Transportation & Logistics
      • Aerospace & Defense
      • BFSI
      • Government
      • Retail
      • Mining
      • Oil & Gas
      • Agriculture
      • Construction
      • Real Estate
  • 5G services Regional Outlook (Revenue, USD Million, 2020 - 2030)
    • North America
      • North America Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • North America Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerospace & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • U.S. Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • U.S. Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerospace & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Canada Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Canada Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerospace & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
    • Europe
      • Europe Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Europe Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • U.K. Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • U.K. Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Germany Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Germany Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • France Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • France Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Italy Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Italy Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Spain Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Spain Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerospace & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Russia Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Russia Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerospace & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
    • Asia Pacific
      • Asia Pacific Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Asia Pacific Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
        • China Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
          • Fixed Wireless Access (FWA)
          • Enhanced Mobile Broadband (eMBB)
          • Ultra-Reliable and Low-Latency Communications (uRLLC)
          • Massive Machine-Type Communications (mMTC)
        • China Vertical Outlook (Revenue, USD Million, 2020 - 2030)
          • Consumer
          • Enterprises
            • Manufacturing
            • Public Safety
            • Healthcare & Social Work
            • Media & Entertainment
            • Energy & Utility
            • IT & Telecom
            • Transportation & Logistics
            • Aerosapce & Defense
            • BFSI
            • Government
            • Retail
            • Mining
            • Oil & Gas
            • Agriculture
            • Construction
            • Real Estate
        • Japan Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
          • Fixed Wireless Access (FWA)
          • Enhanced Mobile Broadband (eMBB)
          • Ultra-Reliable and Low-Latency Communications (uRLLC)
          • Massive Machine-Type Communications (mMTC)
        • Japan Vertical Outlook (Revenue, USD Million, 2020 - 2030)
          • Consumer
          • Enterprises
            • Manufacturing
            • Public Safety
            • Healthcare & Social Work
            • Media & Entertainment
            • Energy & Utility
            • IT & Telecom
            • Transportation & Logistics
            • Aerospace & Defense
            • BFSI
            • Government
            • Retail
            • Mining
            • Oil & Gas
            • Agriculture
            • Construction
            • Real Estate
        • India Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
          • Fixed Wireless Access (FWA)
          • Enhanced Mobile Broadband (eMBB)
          • Ultra-Reliable and Low-Latency Communications (uRLLC)
          • Massive Machine-Type Communications (mMTC)
        • India Vertical Outlook (Revenue, USD Million, 2020 - 2030)
          • Consumer
          • Enterprises
            • Manufacturing
            • Public Safety
            • Healthcare & Social Work
            • Media & Entertainment
            • Energy & Utility
            • IT & Telecom
            • Transportation & Logistics
            • Aerosapce & Defense
            • BFSI
            • Government
            • Retail
            • Mining
            • Oil & Gas
            • Agriculture
            • Construction
            • Real Estate
        • South Korea Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
          • Fixed Wireless Access (FWA)
          • Enhanced Mobile Broadband (eMBB)
          • Ultra-Reliable and Low-Latency Communications (uRLLC)
          • Massive Machine-Type Communications (mMTC)
        • South Korea Vertical Outlook (Revenue, USD Million, 2020 - 2030)
          • Consumer
          • Enterprises
            • Manufacturing
            • Public Safety
            • Healthcare & Social Work
            • Media & Entertainment
            • Energy & Utility
            • IT & Telecom
            • Transportation & Logistics
            • Aerosapce & Defense
            • BFSI
            • Government
            • Retail
            • Mining
            • Oil & Gas
            • Agriculture
            • Construction
            • Real Estate
    • Latin America
      • Latin America Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Latin America Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Brazil Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Brazil Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
      • Mexico Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Mexico Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate
    • Middle East & Africa
      • Middle East & Africa Communication Type Outlook (Revenue, USD Million, 2020 - 2030)
        • Fixed Wireless Access (FWA)
        • Enhanced Mobile Broadband (eMBB)
        • Ultra-Reliable and Low-Latency Communications (uRLLC)
        • Massive Machine-Type Communications (mMTC)
      • Middle East & Africa Vertical Outlook (Revenue, USD Million, 2020 - 2030)
        • Consumer
        • Enterprises
          • Manufacturing
          • Public Safety
          • Healthcare & Social Work
          • Media & Entertainment
          • Energy & Utility
          • IT & Telecom
          • Transportation & Logistics
          • Aerosapce & Defense
          • BFSI
          • Government
          • Retail
          • Mining
          • Oil & Gas
          • Agriculture
          • Construction
          • Real Estate

5G Services Market Dynamics

Driver: Growing Demand For High-Speed Data Bandwidth

The availability and ease of accessing information have resulted in a large number of data users over the past few years. The proliferation of smartphones, tablets, and smart TVs has led to their increasing use. This has created a need for high-speed data connectivity to provide a seamless experience to users. The commercialization of 5G services is likely to open opportunities for numerous use cases such as Augmented Reality (AR) & Virtual Reality (VR) gaming, Ultra-High Definition (UHD) video streaming, autonomous vehicles, robotic surgeries, and autonomous defense equipment. 5G services are at the core of smart industrialization as they provide the connectivity required for these modes of connectivity. The growing demand for machine-to-machine connectivity is further expected to drive the market’s growth.

Driver: Rising Adoption Of Iot Devices

The rising adoption of Internet of Things (IoT) devices is also a major market driver. The interconnected devices are capable of remotely controlling and managing a number of tasks and functions and are, therefore, crucial for implementing automated business processes across different industry verticals. IoT technology across different industry verticals has led to an increase in data traffic. The growing demand for IoT devices necessitates a fast and uninterrupted data connection, driving the need for 5G services. With its high-speed capabilities, scalability, and network slicing features, 5G supports the massive connectivity requirements of IoT networks and enables efficient management of IoT devices.

Restraint: Operational Complexities, Higher Costs, And Privacy & Security Concerns

The implementation of 5G services involves a few challenges as well. The growing demand for 5G services calls for a robust infrastructure. As more devices get connected through 5G IoT, the current network infrastructure may be insufficient. The growing demand for cloud computing is expected to strain the 5G network, potentially posing challenges in terms of spectrum allocation in the future. The need for greater bandwidth and capacity in 5G networks might become a significant challenge for 5G service providers. Governments allocate a restricted frequency band for licensing to telecom operators. Telecommunication service providers pay charged by government entities or regulatory authorities in exchange for obtaining licenses or rights to transmit signals over specific bands of the electromagnetic spectrum. The escalated expenses associated with acquiring 5G spectrum, combined with the substantial infrastructure costs entailed in implementing 5G services, are projected to lead to elevated subscription fees for said services.

What Does This Report Include?

This section will provide insights into the contents included in this 5g services market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

5G services market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

5G services market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the 5g services market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for 5g services market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of 5g services market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

5G Services Market Categorization:

The 5g services market was categorized into three segments, namely communication type (FWA, eMBB, uRLLC, mMTC), vertical (Consumer, Enterprises), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The 5g services market was segmented into communication type, vertical, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The 5g services market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; the UK.; Germany; France; Italy; Spain; Russia; China; Japan; India; South Korea; Brazil; Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

5G services market companies & financials:

The 5g services market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • AT&T Inc. delivers telecommunication, media, and technology services across the world. The company operates primarily through two business segments- Communications and the Latin America segment.

  • British Telecommunications plc is one of the leading connectivity service providers in the world. The company provides global businesses with connectivity, networking, and security solutions.

  • China Mobile Limited provides IoT solutions under its wholly-owned subsidiary, China Mobile International Limited. The company offers a wide range of international information services and solutions to global businesses, mobile users, and carriers.

  • China Telecom Corporation Limited is a prominent telecommunications company and an integrated intelligent information services operator. The company provides telecommunications businesses, including value-added services such as information services, Internet access services; mobile and wireline communications services; and other associated businesses.

  • Vodafone Group Plc is a prominent telecommunications company in Europe and Africa. The company provides a diverse range of cutting-edge solutions and offerings that enable connectivity.

  • Deutsche Telekom AG is one of the major telecommunications service providers in Germany. The company offers fixed-network/broadband, internet, mobile, and internet-based TV services and products for consumers and information and communication technology solutions for corporate and business customers.

  • Verizon Communications Inc. offers a wide range of products and services related to communication, technology, information, and entertainment. Its customer base includes individuals, commercial enterprises, and government entities.

  • T-Mobile USA, Inc. provides wireless communication services, wireless devices, and related accessories to its customers. The company offers its products and services under its flagship brands T-mobile and Metro by T-mobile.

  • Bharti Airtel Limited is a global telecommunication service provider. The company provides a range of services, including high-speed 4G/5G mobile broadband, the convergence of on-demand and linear streaming services encompassing video and music, entertainment services, financial services, and digital payments.

  • KT Corporation is an information and communications technology company which provides media, content, mobile, and fixed-line services.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

5G Services Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

5G Services Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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