According to the latest report by IMARC Group, titled “5G Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global 5G services market size exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 45% during 2021-2026. 5G services help in connecting people, machines, objects, and devices virtually. They also assist in providing a next-generation user experience, delivering new services, and empowering new deployment models. Besides this, they offer increased speed, reduced latency, improved flexibility and reliability and a consistent user experience. As a result, 5G services are extensively used for safer transportation, digitized logistics and remote healthcare across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global 5G Services Market Trends:
At present, there is a considerable increase in the need for broadband subscriptions around the world. This, in confluence with the rising demand for high speed and network coverage, represents one of the key factors positively influencing the market. Apart from this, 5G services are utilized in public transportation applications worldwide. This can be accredited to their ability to provide broadband access and high-speed internet connections. Furthermore, leading players are focusing on integrating the Internet of Things (IoT) for facilitating high-speed data connectivity in various applications, which is creating a favorable market outlook.
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Insights on Market Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Breakup by Communication Type:
Breakup by End-Use:
Breakup by Region:
Key Highlights of the Report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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