5G Services Market

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5G Services Market To Reach USD 160 Billion By
2026
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Market Size USD 51 billion in 2018, Market
Growth - CAGR of 15, Market Trends Surging
demand to lessen the latency time in online
connectivity services as well as the prerequisite
of a consistent network service in this age of
communication.
Market Summary
The global 5G services market size is expected
to reach USD 160 billion by 2026, according to a
new report by Reports and Data. A swift
escalation in the advancement of the Internet of
Things (IoT) appliances and their widespread use
and a consistent upsurge in the volume of online
data transfer in connectivity services is
anticipated to push the market growth for 5G
network services.

• Further key findings from the report suggest
• Smart cities are forecasted to have the highest
  CAGR of 15.1 during the forecast period.
  According to the Ministry of Urban and Housing
  Affairs, Government of India, to date there are
  800 projects are at various stages of
  implementation, 115 projects have commenced, 185
  projects are tendered, and 59 cities have
  incorporated SPVs for swift, transparent, and
  accountable execution of smart city projects.
• Fixed wireless access (FWA) is anticipated to
  witness the highest growth rate of 15.2 during
  the forecast period

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Market Summary
Key Players
Key participants include Cisco Systems (US),
Samsung Electronics (South Korea), ATT (US),
Verizon (US), SK Telecom (South Korea), BT Group
(UK), China Telecom (China), Telstra (Australia),
Airtel (India), Vodafone (UK), and KT Corporation
(South Korea).
Segmentation
Industry Verticals Outlook (Revenue, USD Million
2018-2026) o Smart Cities o Smart Industrial
plants o Smart Automobiles o Smart Medical
Services o Smart Retail Stores Application
Outlook (Revenue, USD Million 2018-2026) o mMTC o
URLLC o eMBB o FWA
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Market Summary

• Regional Outlook for Assessment Services Market
  analyses the following geographies
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and
  Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt,
  Nigeria, and South Africa)

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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