5G Services Market Size Worth $498.3 Billion By 2027 | CAGR: 41.1% |
                     5G Services Market 
Set to Exceed USD 498.3 Billion By 2027 | CAGR: 41.1%
“5G Services Market Share, Size, Trends, Industry Analysis 
Report, By Communication Type (FWA, eMBB, uRLLC, 
mMTC); By End-Use (Smart Cities, Connected Workers, 
Connected Vehicles, Connected Factories, Smart Buildings, 
Smart Utilities, Connected Healthcare); By Industry Vertical 
(Energy & Utility, Media & Entertainment, IT & Telecom, 
Transportation & Logistics, Healthcare, Retail, Agriculture, 
Oil & Gas and Mining, BFSI, Construction, and Real Estate); 
By Region ; Segment Forecast, 2021 - 2027”
 5G Services Market Estimate & Forecast to 2027
The global 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new 
study by Polaris Market Research. The report gives a detailed insight into current market dynamics and 
provides analysis on future market growth.
 
5G is the next generation cellular technology, offers download speeds approximately 100 times faster 
than 4G LTE networks. 5G services improve telecommunication service providers and businesses to 
deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of 
the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in 
comparison to the previous technologies.
 
The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, 
automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The 
prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media 
and entertainment industry and on-demand content is being increasingly preferred by the younger 
generation.
Robust deployment of 5G services, networks, and infrastructure advancement to provide enhance 
services for the customers is projected to drive the demand in the forecast years.  
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5G Services Market Scope
By By End-Use By Industry Vertical By Region
Communication 
Type
• FWA • Smart Cities • Manufacturing • North America (U.S., 
• eMBB • Connected • Energy & Utility Canada)
• uRLLC Workers • Media & Entertainment • Europe (France, 
• mMTC • Connected • IT & Telecom Germany, UK, Italy, 
Vehicles • Transportation & Logistics Spain, Netherlands, 
• Connected • Healthcare Austria)
Factories • Retail • Asia Pacific (Japan, China, 
• Smart • Agriculture India, Malaysia, South 
Buildings • Oil & Gas and Mining Korea. Australia)
• Smart • BFSI • Latin America (Brazil, 
Utilities • Construction Mexico, Colombia)
• Connected • Real Estate • MEA (Saudi Arabia, UAE, 
Healthcare Israel, South Africa)
• , South Africa)
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5G Services Market Estimate & Forecast to 2027
Market participants such as AT&T Inc., Bharti Airtel Limited, BT Group plc,  China Mobile Ltd., China 
Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK 
Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and 
Vodafone Group are some of the key players operating in the global market.
Access Research Report On 5G Services Market
 
Recent key initiatives by the key industry players show expresses the need of such services. For 
instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s 
cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, 
Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G 
Android based operating system smartphone and launch services as well. Telefonica Deutschland has 
signed contracts with multiple vendors to build 5G cellular network across Germany.
 
The 5G services manufacturers are focusing on enhanced mobile broadband (eMBB) segment to deliver 
higher capacity and higher user mobility that will enable broadband services of mobile in moving vehicles 
including car, buses, trains and planes.
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5G Services Market Size
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