22-aug-19 The global 5G services market size registering a CAGR of 32.1% from 2021 to 2025, according to a new study, Inc.

The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period.

The potential adoption of 5G services for remote patients monitoring and remote surgery applications is also anticipated to propel the market growth from 2021 to 2025.The 5G wireless technology is expected to completely transform the transportation & logistics industry by providing seamless vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity.

As such, the need to ensure a strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services.

At the same time, the continued deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including developing smart homes, establishing smart cities, and implementing Industry 4.0, among others.

Hence, the rising need for higher bandwidth to ensure reliable and seamless communication between IoT devices is expected to propel the market growth over the forecast period.Request a Sample Copy of This Report: https://www.radiantinsights.com/research/5g-services-market/request-sampleIn some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is gradually rising.

According to new market research report on "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", The 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% during the forecast period.The rising demand for reliable and ultra-low latency connectivity services and growing trends in machine to machine communication are expected factors to have enabled the 5G services market to witness tremendous adoption.Browse and in-depth TOC on “5G Services Market” 59 - Tables34 - Figures 116 - Pages    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226908556   The connected vehicles vertical grow at the fastest growth rate during the forecast periodThe connected vehicles vertical is expected to grow at the highest CAGR during the forecast period, owing to the advent of autonomous vehicles.

Autonomous vehicles are still in the Research and Development (R) phase; however, they would be available for use in the near future.

The telecom and automotive players formed a 5G Automotive Association to develop, test, and promote communication solutions.

Owing to its remote area coverage and high-speed latent free service offerings, followed by reduced last mile connectivity expenditure, the application would be deployed by a large number of commercial as well as consumer users.Request Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=226908556North America to have the largest market share during the forecast periodNorth America is expected to hold the largest market share in the 5G services market.

Due 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.The key players in the 5G services market include AT (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China),Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

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According to new market research report on "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", The 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% during the forecast period.The rising demand for reliable and ultra-low latency connectivity services and growing trends in machine to machine communication are expected factors to have enabled the 5G services market to witness tremendous adoption.Browse and in-depth TOC on “5G Services Market” 59 - Tables34 - Figures 116 - Pages    Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226908556 The connected vehicles vertical grow at the fastest growth rate during the forecast periodThe connected vehicles vertical is expected to grow at the highest CAGR during the forecast period, owing to the advent of autonomous vehicles.

Autonomous vehicles are still in the Research and Development (R) phase; however, they would be available for use in the near future.

The telecom and automotive players formed a 5G Automotive Association to develop, test, and promote communication solutions.

Owing to its remote area coverage and high-speed latent free service offerings, followed by reduced last mile connectivity expenditure, the application would be deployed by a large number of commercial as well as consumer users.Request Customization@ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=226908556North America to have the largest market share duringthe forecast periodNorth America is expected to hold the largest market share in the 5G services market.

Due 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.The key players in the 5G services market include AT (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China),Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

According to new market research report on "5G Services Market  by End User (Consumers and Enterprises), Enterprise (Manufacturing, Media and Entertainment, Transportation and Logistics, Government), Application, Communication Type (eMBB, MMTC, URLLC, and FWA), and Region - Global Forecast to 2026",  published by MarketsandMarkets™, the 5G Services Market size is expected to grow from USD 53.0 billion in 2020 to USD 249.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period.

Browse and in-depth TOC on “5G Services Market”148 – Tables53 - Figures246 - Pages Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226908556 Healthcare segment to grow at the highest CAGR during the forecast period5G opportunities in healthcare rely on a combination of massive IoT and enhanced broadband to support telemedicine.

For instance, massive IoT strides had already been taking place ahead of events in 2020.

Consider Saratoga Hospital in Saratoga Springs, NY, US.

The hospital found itself bogged down with administrative tasks, such as taking patients vital signs every few hours and manually logging the results.

In addition, they possess a developed technological infrastructure, which is promoting the adoption of 5G services solutions across all industry verticals.