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According to the latest report from Markets and Markets, the global 5G services market will grow from $53.
93 billion in 2020 to $123.
27 billion by 2025, growing at a CAGR of 18%
during the forecast period.
By 2025, the global 5G service market will be worth $123.
27 billion
The growing demand for reliable and ultra-low latency connectivity services, and the growing trend of machine-to-machine communication have led to the 5G services market witnessing widespread adoption
.
The fixed radio access (FWA) segment will grow
at the highest CAGR.
Fixed wireless access will be deployed
by a large number of commercial and consumer users due to its long-range area coverage and high-speed potential free service offerings, as well as reduced last-mile connectivity costs.
Connected vehicles are expected to grow
at the highest CAGR due to the advent of autonomous vehicles.
Self-driving cars are still in the research and development phase, but could be used
in the near future.
Telecom and automotive operators formed a 5G Automotive Association to develop, test and promote communications solutions
.
The 5G Automotive Association's goal is to implement 5G connectivity
for the next generation of connected cars.
By region, North America will hold the largest market share in the 5G services market
.
Compared to other countries in the region, U.
S.
telecom companies have announced the launch of 5G services earlier
.
Due to the increasing adoption of new technologies such as IoT and smart cities, as well as the increasing demand for high-speed internet connectivity, telecom service providers have begun experimenting and testing
5G services.
Key players in the global 5G services market include AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China), Deutsche Telekom (Germany), Du (UAE), Korea Telecom (South Korea), Sprint (US), Saudi Telecom (Saudi Arabia), Korea Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).
，
According to the latest report from Markets and Markets, the global 5G services market will grow from $53.
93 billion in 2020 to $123.
27 billion by 2025, growing at a CAGR of 18%
during the forecast period.
By 2025, the global 5G service market will be worth $123.
27 billion
27 billion
The growing demand for reliable and ultra-low latency connectivity services, and the growing trend of machine-to-machine communication have led to the 5G services market witnessing widespread adoption
.
The fixed radio access (FWA) segment will grow
at the highest CAGR.
Fixed wireless access will be deployed
by a large number of commercial and consumer users due to its long-range area coverage and high-speed potential free service offerings, as well as reduced last-mile connectivity costs.
Connected vehicles are expected to grow
at the highest CAGR due to the advent of autonomous vehicles.
Self-driving cars are still in the research and development phase, but could be used
in the near future.
Telecom and automotive operators formed a 5G Automotive Association to develop, test and promote communications solutions
.
The 5G Automotive Association's goal is to implement 5G connectivity
for the next generation of connected cars.
By region, North America will hold the largest market share in the 5G services market
.
Compared to other countries in the region, U.
S.
telecom companies have announced the launch of 5G services earlier
.
Due to the increasing adoption of new technologies such as IoT and smart cities, as well as the increasing demand for high-speed internet connectivity, telecom service providers have begun experimenting and testing
5G services.
Key players in the global 5G services market include AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China), Deutsche Telekom (Germany), Du (UAE), Korea Telecom (South Korea), Sprint (US), Saudi Telecom (Saudi Arabia), Korea Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).
，
