USD 170.30 billion Growth Recorded in 5G Services Market | Evolving Opportunities from AT and T Inc., Bharti Airtel Lt...
Jul 5, 2022
| Evolving Opportunities from AT and T Inc., Bharti Airtel Ltd., and BT Group Plc among other vendors | Technavio
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NEW YORK, July 5, 2022 /PRNewswire/ -- The market analysis report titled 5G Services Market by End-user and Geography - Forecast and Analysis 2022-2026 has been recently added to Technavio's catalog. The report claims the market to record an accelerating growth momentum at a CAGR of 30.31% during the projected period. The analysts at Technavio have categorized the 5G services market as a part of the global specialized consumer services market within the global diversified consumer services market. The increasing demand for improved network capacity to access connected services is notably driving the 5G services market growth, although factors such as high deployment cost of 5G technology may impede market growth. Technavio has announced its latest market research report titled5G Services Market by End-user and Geography - Forecast and Analysis 2022-2026
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5G Services Market Segmentation Highlights
Consumer: The consumer end-user segment held the largest 5G services market share in 2021. The segment will account for the largest revenue during the forecast period. This report provides insights on the impact of the unprecedented outbreak of pandemic on market segments. Enterprise
North America: 42% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for 5G services in North America. The increasing telecom subscriber base and rapid growth of the urban population will propel the 5G services market growth in North America over the forecast period. APAC
5G Services Market Vendor Landscape
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The vendors are deploying various organic and inorganic growth strategies to compete in the market. The competitive scenario provided in the 5G services market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Top 5G Services Market Players and their key offerings:
AT and T Inc.: The company offers wide range of 5G services for gaming and others. Bharti Airtel Ltd.: The company offers 5G services for better streaming and browsing experience. BT Group Plc: The company offers wide range of 5G services for wide range of applications such as gaming and others. Deutsche Telekom AG: The company offers 5G services for applications such as multimedia and others. Nippon Telegraph and Telephone Corp.: The company offers wide range of 5G services through its subsidiary, NTT DOCOMO INC.
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