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5G Services Market to Top $123B by 2025

September 20, 2018

New research forecasts the 5G services market to grow from $53.93 billion in 2020 to $123.27 billion by 2025 or 18 percent, according to ResearchAnd Markets.com Rising demand for reliable and ultra-low latency connectivity services and increasing use of connected IoT devices are both expected to drive the 5G services market growth in Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services.

The enhanced Mobile Broadband (eMBB) segment is expected to hold the largest market share. eMBB, an initial stage of 5G services and a supplementary add-on to 4G, would witness maximum adoption, followed by massive machine-type communications (mMTC) and Ultra-Reliable Low-Latency Communication applications (URLLC). The mMTC segment is expected to witness the fastest growth rate, due to the growing amount of machine-to-machine communication platforms.

North America is expected to hold the largest market share in the 5G services market. Various factors are expected to contribute to the growth of the 5G services market, including 5G infrastructure deployment and increasing contribution of telcos in North America.

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