What is the current 5G Services Market size?

The 5G Services Market is projected to register a CAGR of 25.30% during the forecast period (2024-2029) Read More

Who are the key players in 5G Services Market?

Nokia Corporation, Huawei Technologies Co Ltd, AT&T Inc., Verizon Communications Inc and HP Enterprise Development LP are the major companies operating in the 5G Services Market. Read More

Which is the fastest growing region in 5G Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in 5G Services Market?

In 2024, the North America accounts for the largest market share in 5G Services Market. Read More

What years does this 5G Services Market cover?

The report covers the 5G Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 5G Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

5G Services Market - Analysis, Forecast, Trends & Industry Share

5G Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global 5G Market Size and Outlook. The Market is Segmented by End-user Industry (IT & Telecom, Media & Entertainment, Automotive, Energy & Utility, Aerospace & Defense, Other End-user Industries) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

5G Services Industry Overview

The competitive rivalry among the 5G services industry players is high because of the presence of several significant players, including AT&T, Verizon, Nokia, and others. They could outperform rivals if they could consistently innovate their product offers. These businesses have established a substantial presence in the market through mergers and acquisitions, strategic alliances, and research and development.

In May 2022, Nokia Corporation announced its 5G-Advanced to widen the area that 5G uplink signals can reach. While 5G-Advanced will improve uplink coverage first with the initial connection setup by leveraging more excellent random access channel coverage, it will support new types of devices with low data-rate requirements and introduce 5G capabilities to new vertical sectors and markets. The uplink data rate will then be optimized within the allocated connection budget by 5G-Advanced dynamically altering the uplink waveform. When the user is close to the cell edge, the network will dynamically favor coverage-enhancing waveforms, and as the user travels into the cell center, it will deprioritize them.