{"id":468477,"date":"2020-02-19T07:14:01","date_gmt":"2020-02-19T07:14:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=468477"},"modified":"2020-02-19T07:14:01","modified_gmt":"2020-02-19T07:14:01","slug":"5g-services-market-size-is-estimated-to-reach-usd-1648-billion-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/5g-services-market-size-is-estimated-to-reach-usd-1648-billion-by-2025-grand-view-research-inc_468477.html","title":{"rendered":"5G Services Market Size Is Estimated To Reach USD 164.8 Billion By 2025: Grand View Research Inc."},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, The global 5G services market size is estimated to reach USD 45.7 billion by 2020 and register a CAGR of 32.1% from 2021 to 2025.<\/div>\n

The global 5G services market<\/a> <\/strong>size is estimated to reach USD 164.8 billion by 2025, registering a CAGR of 32.1% from 2021 to 2025, according to a new study by Grand View Research, Inc. The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patients monitoring and remote surgery applications is also anticipated to propel the market growth from 2021 to 2025.<\/p>\n

The 5G wireless technology is expected to completely transform the transportation & logistics industry by providing seamless vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity. As such, the need to ensure a strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services. At the same time, the continued deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including developing smart homes, establishing smart cities, and implementing Industry 4.0, among others. Hence, the rising need for higher bandwidth to ensure reliable and seamless communication between IoT devices is expected to propel the market growth over the forecast period.<\/p>\n

In some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is gradually rising. This is expected to open new opportunities for rolling out 5G services over the forecast period. As such, the growing need for remote asset monitoring, drone control and coordination, and smart grid control is anticipated to drive the growth of the ultra-reliable and low-latency communications (uRLLC) segment over the forecast period.<\/p>\n

Key market players such as AT&T Inc., China Telecommunications Corporation, and Verizon Communications, among others, are investing aggressively in rolling out 5G infrastructure to provide low-latency services for faster machine-to-machine (M2M) communication. However, these market players are expected to deliberate before making investments owing to the high 5G spectrum prices. Stringent governments regulations and policies pertaining to the 5G wireless technology are also expected to hinder the market growth.<\/p>\n

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Request a sample Copy of the 5G Services Market Research Report @ https:\/\/www.grandviewresearch.com\/industry-analysis\/5g-services-market\/request\/rs1<\/a><\/strong><\/p>\n

Key Takeaways Of The Report :<\/strong><\/p>\n