DUBLIN, Nov. 7, 2022 (GLOBE NEWSWIRE) — The “5G Services Market Size, Share and Trends Analysis Report by Communication Type (FWA, eMBB, uRLLC, mMTC), by Industry (Manufacturing, IT & Telecom, BFSI), by Region (Asia Pacific, North America) and Segment Forecasts, 2022- 2030″ Report has been added ResearchAndMarkets.com Offer.
The global market size for 5G services is estimated to be US$1.67 trillion by 2030, growing at a CAGR of 52.0% from 2022 to 2030. Increase market growth during the forecast period.
The potential launch of 5G services for remote patient monitoring and remote surgery applications is also expected to drive the market growth from 2022 to 2030. 5G wireless technology is expected to completely transform the transportation and logistics industry by providing seamless vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity.
Therefore, it is estimated that the need to ensure strong, seamless and uninterrupted connectivity with autonomous vehicles is driving the adoption of 5G services. Additionally, the robust deployment of 5G network infrastructure is estimated to improve operational efficiencies in multiple IoT use cases, including smart homes, smart cities, and Industry 4.0. Therefore, the increasing need for high bandwidth to provide reliable communication with IoT devices is expected to impact the general…
