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during the forecast period. Due to the high availability of 5G-compatible devices and large investments by governments in 5G services, the 5G ecosystem is expected to have a faster growth rate than other connectivity transformations.
New York, Dec. 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “5G Services Market by End User, Enterprise, Application, Communication Type and Region – Global Forecast to 2027” – https:// vvv.reportlinker. com/p05567581/?utm_source=GNV
Other factors, such as the large number of developing applications that require low connection latency, have led to high adoption of 5G services in developing economies.
The enterprise segment is expected to grow at the highest CAGR during the forecast period
Expanding the scope of wireless technologies and making devices more autonomous, 5G will be more inclusive, progressive, proven and powerful than any previous generation of communication technologies. There are a number of industries with particularly intense dynamics and business opportunities around 5G, such as telecommunications, media and entertainment, manufacturing, transportation and public services.
Each of these sectors has specific business issues associated with 5G and thus the enterprise segment is expected to grow at a higher CAGR during the forecast period.
The healthcare segment will grow at the highest CAGR during the forecast period
5G services will prove to be very effective in the healthcare sector by enabling remote patient monitoring, connected emergency services, hd virtual consultations, video prescription management, etc. The lower latency of 5G will allow real-time data and video to be sent to hospitals/clinicians in emergency situations and this will have a significant impact on the healthcare sector and people’s lives.
The Asia Pacific (APAC) region will record the highest growth in the 5G services market
Countries in APAC have major government investments in 5G services. The high population of countries in the region has also resulted in a higher number of 5G subscribers, resulting in higher average revenue per user (ARPU) for 5G service providers.
Countries like China, South Korea, Australia and Japan have high technological growth. The presence of a developed technological infrastructure is also one of the key reasons for the adoption of 5G services in all industry verticals.
The network market in APAC is driven by the increasing adoption of cloud-based solutions, emerging technologies such as IoT and big data analytics and mobility.
• By type of company: level 1 – 35%, level 2 – 39% and level 3 – 26%
• By title: C-level – 55%, Directors – 40%, and Others – 5%
• By region: North America – 38%, Europe – 40%, APAC – 21%, and Rest of the World (RoV) – 1%
This research study presents the market potential, market dynamics, and major vendors operating in the 5G Services market. Key and innovative providers in the 5G service market are AT&T (US), China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), T-Mobile (US) , China Telecom (China), Orange SA (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica (Spain), KT (South Korea), Rogers (Canada), Bell Canada (Canada) , Etisalat (UAE), STC (KSA), LG U+ (South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), DISH (USA), Reliance Jio (India) , Rakuten (Japan), MTN (South Africa), Airtel (India) and Telenor Group (Norway).
Research coverage
The market study covers the market for 5G services in various segments. It aims to estimate the market size and growth potential of this market in various segments based on communication type, end users, enterprises and applications, with regions covered.
The study also includes detailed competitive analysis of key market players along with their company profiles, key observations related to products and business offerings, recent developments, and key market strategies.
Key benefits of purchasing reports
The report is expected to assist market leaders/new entrants in this market by providing them with information on the nearest approximate revenue numbers for the overall 5G Services market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve their business position and plan appropriate go-to-market strategies.
The report also aims to help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05567581/?utm_source=GNV
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