5G Services Market to be Worth $2,208.2 Billion by 2030: Million Insights

Read 125 page full market research report for more Insights, "5G Services Market Size, Share & Trends Analysis Report By Communication Type, By Vertical, By Region And Segment Forecasts From 2022 To 2030", published by Million Insights.

5G Services Market Growth & Trends

5G services play a key role in the telecommunications and transportation industries. By enabling seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication, 5G wireless technology is predicted to totally alter the transportation and logistics sector. The adoption of 5G services is also driven by the need to ensure the seamless and uninterrupted functioning of autonomous vehicles. Additionally, it is predicted that the widespread implementation of 5G network infrastructure will increase operational effectiveness in a number of IoT use cases, such as smart homes, smart cities, and industry 4.0.

Therefore, the total market growth is set to accelerate during the forecast period owing to the increasing demand for high bandwidth to enable dependable connection to IoT devices. The practice of remotely monitoring a building's energy systems is becoming more popular in various nations, including the U.S., China, and Japan. Furthermore, the key market players, including AT&T Inc., Verizon Communications, and China Telecommunications Corp., are investing in 5G services to minimize latency for faster Machine-to-Machine (M2M) communications.

5G Services Market Segmentation

Million Insights has segmented the global 5G services market on the basis of communication type, vertical, and region:

5G Services Market - Communication Type Outlook (Revenue, USD Billion, 2020 - 2030)

5G Services Market - Vertical Outlook (Revenue, USD Million, 2020 - 2030)

5G Services Market - Regional Outlook (Revenue, USD Billion, 2020 - 2030)

List of Key Players of 5G Services Market

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