5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA), and Region - Global Forecast to 2025

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Date: 12-Sep-2018
No. of pages: 116
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Rising demand for reliable and ultra-low latency connectivity services is driving the growth of the 5G services market

The global 5G services market is expected to grow from USD 53.93 billion in 2020 to USD 123.27 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. The rising demand for reliable and ultra-low latency connectivity services, increasing use of connected Internet of Things (IoT) devices, and growing data traffic are some of the factors expected to drive the 5G services market. However, the deployment cost of network services may restrain the growth of the 5G services market.

The broadband vertical to hold the largest market share during the forecast period

The broadband vertical is expected to have the largest market share in the5G Services market by 2025.The 5G Fixed Wireless Access (FWA) application would disrupt the broadband ecosystem, as companies have started deploying it on a trial basis in several cities. For instance, Verizon Wireless announced its plans to launch 5G FWA for a group of its residential customers in California, US.

The enhanced Mobile Broadband (eMBB) segment to hold the largest market share during the forecast period

The eMBB segment is expected to hold the largest market share during the forecast period. eMBB is initially considered as an extension to 4G services, and would be commercialized by late 2018 or early 2019. Therefore, due to the early adoption of this application, it is expected to hold the largest market share during the forecast period.

North America to grow at the highest CAGR during the forecast period

In terms of growth rate, North America is expected to grow at the fastest growth rate, due to its dominance via sustainable and well-established economies, which enable it to invest heavily in Research and Development(R&D) activities. Owing to the rising adoption of new technologies, such as IoT and smart cities, and increasing need for high-speed internet connectivity, telecom service providers have started trials and tests for 5G services.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the 5G Services market.

The break-up of the profiles of the primary participants is given below:


  • By Company: Tier 1 – 25%, Tier 2 – 35%, and Tier 3 – 40%

  • By Designation: C-Level – 45%, Director Level – 51%, and Others – 4%

  • By Region: North America – 39%, Europe – 25%, APAC – 30%, and Rest of the World (RoW)–6%


The key 5G services vendors profiled in the report are as follows:


  • AT&T (US)

  • Airtel (India)

  • BT Group (UK)

  • China Mobile (China)

  • China Telecom

  • Deutsche Telecom (Germany)

  • du(UAE)

  • Korea Telecom (Korea)

  • Sprint (US)

  • Saudi Telecom Company (Saudi Arabia)

  • SK Telecom (South Korea)

  • Telstra (Australia)

  • Vodafone (UK)

  • Verizon (US)


Research Coverage

The 5G services market has been segmented based on verticals, applications, and regions. A detailed analysis of the key industry players has been done to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; expansions; and competitive landscape associated with the global5G services market.

Reasons to Buy the Report

The report would help market leaders/new entrants in the following ways:


  • The report comprehensively segments the 5G services market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across regions.

  • The report would help stakeholders understand the pulse of the market, and provides the information about the key market drivers, restraints, challenges, and opportunities.

  • The report would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitors’ ecosystem, new service developments, partnerships, and acquisitions.

5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA), and Region - Global Forecast to 2025

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.2 Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the 5G Services Market
4.2 Market Share of Top 3 Verticals and Regions
4.3 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand for Reliable and Ultra-Low Latency Connectivity Services
5.2.1.2 Rapid Increase in the Development of Connected IoT Devices
5.2.1.3 Continuous Increase in Data Traffic
5.2.2 Restraints
5.2.2.1 Cost Involved in the Deployment of Network Services
5.2.3 Opportunities
5.2.3.1 Infrastructural Development Initiatives, Such as Smart Cities
5.2.3.2 Transition From On-Premises Legacy Systems to Cloud-Based Solutions
5.2.4 Challenges
5.2.4.1 Vertical-Focused Business Model
5.2.4.2 Issues Related to Global Spectrum
5.3 Latest Implementation and Trials of 5G Services
5.4 Comparison Between Enabling Technologies

6 5G Services Market, By Vertical
6.1 Introduction
6.2 Smart Cities
6.2.1 Smart Signaling and Traffic Management Systems
6.2.2 Smart Parking
6.2.3 Environmental Monitoring
6.2.4 Public Safety
6.2.5 Water and Waste Management
6.3 Connected Factories
6.3.1 Connected Machineries and Sensors
6.3.2 Logistics and Supply Chain
6.3.3 Asset Tracking
6.3.4 Workforce Tracking
6.3.5 Incident Management and Communication
6.4 Smart Buildings
6.4.1 Connected HVAC
6.4.2 Smart Homes
6.4.3 Digital Content Management
6.5 Connected Vehicles
6.5.1 Autonomous Vehicles
6.5.2 Vehicle Telematics
6.5.3 Freight Information System
6.6 Connected Healthcare
6.6.1 Clinical Operations and Workflow Management
6.6.2 Inpatient Monitoring
6.6.3 Connected Imaging
6.6.4 Medication Management
6.7 Connected Retail
6.7.1 Advertising and Marketing
6.7.2 Point of Sale
6.7.3 Video Surveillance and Safety
6.8 Smart Utilities
6.9 Voice
6.10 Broadband
6.11 Others

7 5G Services Market, By Application
7.1 Introduction
7.2 MMTC and URLLC
7.3 EMBB
7.4 FWA

8 5G Services Market, By Region
8.1 Introduction
8.2 North America
8.2.1 United States
8.2.2 Canada
8.3 Europe
8.3.1 Norway
8.3.2 Germany
8.3.3 United Kingdom
8.3.4 Switzerland
8.4 Asia Pacific
8.4.1 South Korea
8.4.2 Japan
8.4.3 China
8.4.4 Indonesia
8.4.5 India
8.4.6 Australia and New Zealand
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.6 Middle East and Africa
8.6.1 Middle East and North Africa

9 Competitive Landscape
9.1 Overview
9.2 Key Players in the 5G Services Market
9.3 Competitive Scenario
9.3.1 Partnerships, Agreements, and Collaborations
9.3.2 New Product/Service Launches and 5G Trials
9.3.3 Mergers and Acquisitions
9.3.4 Business Expansions

10 Company Profiles
10.1 Introduction
(Business Overview, Recent and Future Developments, MnM View)*
10.2 AT&T
10.3 China Mobile
10.4 SK Telecom
10.5 Verizon
10.6 BT Group
10.7 China Telecom
10.8 Deutsche Telekom
10.9 KT Corporation
10.10 Sprint
10.11 Telstra
10.12 Airtel
10.13 DU
10.14 Saudi Telecom Company
10.15 Vodafone Group

* Business Overview, Recent and Future Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 5G Services Market Size, By Vertical , 2020–2025 (USD Billion)
Table 2 Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 3 Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 4 Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 5 Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 6 Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 7 Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 8 Market Size By Broadband, 2020–2025 (USD Billion)
Table 9 Market Size By Application, 2020–2025 (USD Billion)
Table 10 5G Services Market Size, By Region, 2020–2025 (USD Billion)
Table 11 North America: Market Size By Application, 2020–2025 (USD Billion)
Table 12 North America: Market Size By Vertical, 2020–2025 (USD Billion)
Table 13 North America: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 14 North America: Market SizeBy Connected Factories, 2020–2025 (USD Billion)
Table 15 North America: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 16 North America: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 17 North America: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 18 North America: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 19 North America: Market Size By Broadband, 2020–2025 (USD Billion)
Table 20 Europe: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 21 Europe: Market Size By Vertical, 2020–2025 (USD Billion)
Table 22 Europe: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 23 Europe: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 24 Europe: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 25 Europe: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 26 Europe: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 27 Europe: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 28 Europe: Market Size By Broadband, 2020–2025 (USD Billion)
Table 29 Asia Pacific: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 30 Asia Pacific: Market Size By Vertical, 2020–2025 (USD Billion)
Table 31 Asia Pacific: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 32 Asia Pacific: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 33 Asia Pacific: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 34 Asia Pacific: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 35 Asia Pacific: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 36 Asia Pacific: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 37 Asia Pacific: Market Size By Broadband, 2020–2025 (USD Billion)
Table 38 Latin America: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 39 Latin America: Market Size By Vertical, 2020–2025 (USD Billion)
Table 40 Latin America: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 41 Latin America: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 42 Latin America: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 43 Latin America: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 44 Latin America: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 45 Latin America: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 46 Latin America: Market Size By Broadband, 2020–2025 (USD Billion)
Table 47 Middle East and Africa: 5G Services Market Size, By Application, 2020–2025 (USD Billion)
Table 48 Middle East and Africa: Market Size By Vertical, 2020–2025 (USD Billion)
Table 49 Middle East and Africa: Market Size By Smart Cities, 2020–2025 (USD Billion)
Table 50 Middle East and Africa: Market Size By Connected Factories, 2020–2025 (USD Billion)
Table 51 Middle East and Africa: Market Size By Smart Buildings, 2020–2025 (USD Billion)
Table 52 Middle East and Africa: Market Size By Connected Vehicles, 2020–2025 (USD Billion)
Table 53 Middle East and Africa: Market Size By Connected Healthcare, 2020–2025 (USD Billion)
Table 54 Middle East and Africa: Market Size By Connected Retail, 2020–2025 (USD Billion)
Table 55 Middle East and Africa: Market Size By Broadband, 2020–2025 (USD Billion)
Table 56 Partnerships, Agreements, and Collaborations, 2018
Table 57 New Product/Service Launches and 5G Trials, 2018
Table 58 Mergers and Acquisitions, 2018
Table 59 Business Expansions, 2018

List of Figures

Figure 1 5G Services Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 5G Services Market: Assumptions
Figure 7 North America is Expected to Exhibit the Fastest Growth Rate During the Forecast Period
Figure 8 5G Services Market Size, By Region, 2020–2025 (USD Billion)
Figure 9 Connected Vehicles Vertical is Expected to Have the Highest CAGR During the Forecast Period
Figure 10 MMTC and URLLC Application is Expected to Have the Highest CAGR During the Forecast Period
Figure 11 Latent-Free Services are Expected to Offer Greater Growth Prospects for 5G Services During the Forecast Period
Figure 12 Broadband Vertical and North America are Estimated to Have the Largest Market Shares in 2020
Figure 13 Asia Pacific and Europe are Expected to Emerge as the Best Markets for Investment in the Coming Years
Figure 14 5G Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Broadband Vertical is Estimated to Hold the Major Market Share in 2020
Figure 16 EMBB, Being A Supplementary Add-On to the 4G Network, is Expected to Hold the Majority Share in the Market
Figure 17 North America is Expected to Have the Largest Market Share During the Forecast Period
Figure 18 Europe is Expected to Register the Second Fastest Growth Rate During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Key Strategies Adopted By the Leading Players in 5G Services Market During 2017–2018
Figure 21 Geographic Revenue Mix: Top 4 Market Players
Figure 22 AT&T: Company Snapshot
Figure 23 China Mobile: Company Snapshot
Figure 24 SK Telecom: Company Snapshot
Figure 25 Verizon: Company Snapshot
Figure 26 BT Group: Company Snapshot
Figure 27 China Telecom: Company Snapshot
Figure 28 Deutsche Telekom: Company Snapshot
Figure 29 KT Corporation: Company Snapshot
Figure 30 Sprint: Company Snapshot
Figure 31 Telstra: Company Snapshot
Figure 32 Airtel: Company Snapshot
Figure 33 DU : Company Snapshot
Figure 34 Vodafone Group: Company Snapshot

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