5G Services Market Growth Analysis & Forecast Report | 2023-2032

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5G Services Market Growth Analysis Forecast
Report 2023-2032
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• Industry Insights

• The growing regulatory support through policies
  and standards related to 5G deployment, spectrum
  allocation, and security will influence the
  market growth. To cite an instance, in August
  2023, the Right of Way rules witnessed amendments
  for the telecom infrastructure for expediting the
  5G rollout in India for offering ease of business
  operations. Several governments are also
  establishing cybersecurity and network resilience
  needs for 5G networks for protection against
  cyber threats to ensure network reliability in
  the cases of disasters or emergencies. The
  surging importance of regulations in shaping the
  5G landscape will thereby prove favorable for the
  industry development.

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• 5G services market size from the fixed wireless
  access communication type segment is poised to
  record appreciable CAGR from 2023-2032. The
  growth can be attributed to the growing focus on
  expanding broadband connectivity and improving
  access to high-speed internet to support wide
  range of applications in the residential,
  business, and industrial sectors.
• The limitations of fibre-to-the-premises (FTTP)
  technology in helping individuals in accessing
  high-speed internet at home as well as at work
  will also influence the segment growth. To quote
  an instance, in August 2023, Bharti Airtel
  launched Airtel Xstream AirFiber, a 5G fixed
  wireless access service for allowing users in
  simultaneously connecting up to 64 devices with
  initial plans to provide speeds of up to 100 Mbps.

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• Regional Analysis

North America 5G services market is expected to
record USD 12 billion in revenue by the end of
2032 due to the presence of booming
telecommunication companies including Verizon,
ATT, and T-Mobile. The rapid growth of smart
cities, agriculture, and healthcare is driving
the demand for 5G networks for supporting massive
number of connected devices. Moreover, the
extensive usage of smartphones, IoT devices,
video streaming, and online gaming has led to the
higher rates of data consumption in the region

• Competitive Analysis

• ATT, Inc., BT Group plc, China Mobile Ltd.,
  China Telecom Corporation Ltd., Bharti Airtel
  Ltd., NTT Docomo, KT Corp., Saudi Telecom
  Company, Vodafone Group, Deutsche Telekom AG, SK
  Telecom Co., Ltd.

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