5G Services Market Trends,
Analysis & Forecast, 2032

As per a recent research report, 5G
Services Market surpass USD
1.02 Trillion by 2032.

The growing regulatory support through
policies and standards related to 5G deployment, spectrum allocation, and
security will influence the market growth. To cite an instance, in August 2023,
the Right of Way rules witnessed amendments for the telecom infrastructure for
expediting the 5G rollout in India for offering ease of business operations. Several
governments are also establishing cybersecurity and network resilience needs
for 5G networks for protection against cyber threats to ensure network
reliability in the cases of disasters or emergencies. The surging importance of
regulations in shaping the 5G landscape will thereby prove favorable for the
industry development.

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5G services market size from the fixed wireless access communication
type segment is poised to record appreciable CAGR from 2023-2032. The growth
can be attributed to the growing focus on expanding broadband connectivity and
improving access to high-speed internet to support wide range of applications in
the residential, business, and industrial sectors. The limitations of
fibre-to-the-premises (FTTP) technology in helping individuals in accessing
high-speed internet at home as well as at work will also influence the segment
growth. To quote an instance, in August 2023, Bharti Airtel launched Airtel
Xstream AirFiber, a 5G fixed wireless access service for allowing users in simultaneously
connecting up to 64 devices with initial plans to provide speeds of up to 100
Mbps.

With respect to end user, the 5G
services industry size from the healthcare application segment will witness
significant momentum through 2032 propelled by benefits, such as improved
patient care and better access to medical resources. The rising burden of chronic
conditions has steered the higher need for 5G technology as it renders
continuous monitoring of patients through wearable devices and sensors. The increasing
trend of smart ambulances for revolutionizing emergency care to help medical
staff in the early treatment of patients is another important factor driving
the industry development. For example, in October 2022, Indian startup
Medulance Healthcare collaborated with Reliance Jio to introduce a 5G- Smart
connected ambulance to offer real-time and two-way audio as well as video
communication along with live streaming of patient health data to distant
doctors over the high-speed 5G network.

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North
America 5G services market is expected to record USD 12 billion in revenue by
the end of 2032 due to the presence of booming telecommunication companies
including Verizon, AT&T, and T-Mobile. The rapid growth of smart cities,
agriculture, and healthcare is driving the demand for 5G networks for supporting
massive number of connected devices. Moreover, the extensive usage of
smartphones, IoT devices, video streaming, and online gaming has led to the
higher rates of data consumption in the region. As per Zippia, there were 307
million smartphone users across the U.S. as of 2022. The dire need for faster
and more reliable connectivity to support these data-intensive activities will also
add to the regional market growth.

Partial chapters of report table of contents
(TOC):

Chapter 2   Executive Summary

2.1    5G services market 360⁰ synopsis, 2018 - 2032

2.2    Regional trends

2.3    Communication type
trends

2.4    Application trends

2.5    End-user trends

Chapter 3   5G Services Market Industry
Insights

3.1    Impact on COVID-19

3.2    Russia- Ukraine war
impact

3.3    Industry ecosystem
analysis

3.4    Vendor matrix

3.5    Profit margin
analysis

3.6    Technology &
innovation landscape

3.7    Patent analysis

3.8    Key news and
initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Massive IoT
expansion

3.10.1.2    Rising need for
enhanced connectivity

3.10.1.3    Increasing
adoption of mobile devices

3.10.2    Industry pitfalls
& challenges

3.10.2.1    High
infrastructure costs

3.10.2.2    Limited coverage
and range

3.11    Profit margin
analysis

3.12    Vendor matrix
analysis

3.13    Growth potential analysis

3.14    Porter’s analysis

3.15    PESTEL analysis

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