The 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new study by Polaris Market Research. The report “5G Services Market Share, Size, Trends, Industry Analysis Report, By Communication Type (FWA, eMBB, uRLLC, mMTC); By End-Use (Smart Cities, Connected Workers, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare); By Industry Vertical (Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, Retail, Agriculture, O&G and Mining, BFSI, Construction, and Real Estate); By Regions; Segment Forecast, 2021 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the next generation cellular technology, offers download speeds approximately 100 times faster than 4G LTE networks. 5G services improve telecommunication service providers and businesses to deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in comparison to the previous technologies.
The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media and entertainment industry and on-demand content is being increasingly preferred by the younger generation.
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Robust deployment of 5G services, networks, and infrastructure advancement to provide enhance services for the customers is projected to drive the demand in the forecast years. Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Therefore, the demand for 5G services can likely be engineered 5G component to make its use in a cost-effective manner.
Market participants such as AT&T Inc., Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and Vodafone Group are some of the key players operating in the global market.
Recent key initiatives by the key industry players show expresses the need of such services. For instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G Android based operating system smartphone and launch services as well. Telefonica Deutschland has signed contracts with multiple vendors to build 5G cellular network across Germany.
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Polaris Market research has segmented the 5G Services market report on the basis of communication type, vertical, and region
5G Services Communication Type Outlook (Revenue – USD Million, 2020 – 2027)
- FWA
- eMBB
- uRLLC
- mMTC
5G Services End-Use Outlook (Revenue – USD Million, 2020 – 2027)
- Smart Cities
- Connected Workers
- Connected Vehicles
- Connected Factories
- Smart Buildings,
- Smart Utilities
- Connected Healthcare
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The 5G IoT market size is expected to reach USD 11.35 billion by 2027 according to a new study by Polaris Market Research.
The report “5G IoT Market Share, Size, Trends, Industry Analysis Report, By Radio Technology (5G NR Standalone Architecture and 5G NR Non-Standalone Architecture); By Range (Short Range IoT Devices and Wide Range IoT Devices); By Vertical (Manufacturing, Energy & Utilities, Government, Healthcare, Transportation & Logistics, Mining and Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G network provides a smooth communication and networking functions and works under a wireless high-frequency technology.
On the contrary, consumer landscape and changing business environment are expected to provide lucrative opportunities to the global market in the upcoming years.
The Azure Private Edge Zones solutions helps in providing high-security applications such as factory IoT & robotics management, private smart grid for hospitals, among others.
Market participants such as Anritsu, AT, Bell Canada, BT Group, Ericsson, Etisalat, Huawei, Juniper Networks, Inc., Nokia, Palo Alto Networks, Inc., Qualcomm Technologies, Inc., Rogers, Sierra Wireless, Singtel, Sprint, Syniverse Technologies LLC, Telefónica, Telenor Group, Telstra, Telus, Verizon, and Vodafone, among others.
The global Medical 5G Market presents comprehensive information that makes it a valuable source of insightful data for business strategists during 2021-2026.
Given the technological innovations in the market, the industry is likely to emerge as a complimentary platform for investors in the emerging market.A thorough competitive analysis covering insightful data on industry leaders is intended to help potential market entrants and competing existing players to reach their decisions in the right direction.
Growth between segments over the period 2021-2026 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value.
This analysis can help you expand your business by targeting eligible niches.Product Segment Analysis:IaaS, SaaS, PaaS, OthersApplication Segment Analysis:Hospital, ClinicThe market research report also discusses the numerous development strategies and plans that the Medical 5G industry follows to expand to a global level.
Details related to the dynamic change in the segment are provided in the research report.
:https://introspectivemarketresearch.com/discount/14648This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Medical 5G market.
