5G services market size to grow by USD 170.30 billion from 2021 to 2026: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation, according to Technavio.
The global 5G services market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer 5G services market are AT and T Inc., Bharti Airtel Ltd., BT Group Plc, Deutsche Telekom AG, Nippon Telegraph and Telephone Corp., Orange SA, SK Telecom Co. Ltd., Telstra Corp. Ltd., Verizon Communications Inc., and Vodafone Group Plc and others.
The global 5G services market is at its growing stage. This implies that the market in focus is characterized by growing R&D and deployment of the 5G network. The existing vendors in the market compete based on product design, aesthetics, functionality, and applications. The degree of competition in the market is expected to intensify during the forecast period due to product extensions, fostering further the growth of the market in focus.