5G services market in North America forecast to 2025

The '5G Services in North America' report has been added to the offering of technology industry analyst ResearchAndMarkets.com (Dublin, Ireland).

As noted by the report's summary: "5G, which can also be referred as 5G NR (New Radio), is a standard adopted by 3GPP (3rd Generation Partnership Project), a standards organization that was also responsible for the development of the 3G UMTS and 4G LTE standards. 5G is primarily divided into two frequency bands: FR1 (450 MHz - 6 GHz) and FR2 (24 GHz - 52 GHz). The early deployment of 5G bands are on FR1, but research continues on FR2 frequencies. The FR2 frequency band is also known as Extremely High Frequency (EHF) or millimeter wave (mmWave) frequency."

The analyst observes that 5G technology will primarily impact technology areas such as remote workers, smart cities, IoT devices, and digital transformation initiatives.

ResearchandMarkets.com notes that 5G technology will play "a key role in terms of business as it offers better business communications, which enables companies to complete tasks more quickly and efficiently. 5G offers extremely high-speed connectivity, which enables businesses to make use of the help of remote workers to perform various communication tasks such as responding to customer queries, and this can increase the overall productivity and profitability of businesses implementing 5G," adds the summary.

Further, the firm adds that "the 5G deployment will replace or transform LTE technologies such as LTE Advanced and LTE Advance Pro." The report's summary continues: "5G is basically more popular across the market due to its high speed relative to 4G or 3G. The 5G service market is booming due to the ever increasing demand for broad network coverage and high-speed internet, along with the need for reduced power consumption and low latency. A range of industries such as healthcare, manufacturing, transportation, entertainment and many others will be redefined by the emergence of 5G technology and connected services. 5G has the potential to deliver extremely wide broadband that possesses ultrareliable low latency communications."

The new report provides an in-depth analysis of the North American 5G services market and its segments, which are divided by applications, end users and country. Services considered in the report include: deployment services; support services such as pre-emptive services offered by technology vendors like Cisco and Ericsson; radio services; predictive services; and operating services (offered by telecom providers such as AT&T, Sprint and Verizon) such as wireless, strategic, voice and data services.

The report also discusses the different applications of 5G services in order to derive specific market estimates. These types of applications include URLLC, mMTC, eMBB and FWA; the type of end user is further subdivided into consumers and enterprises subsegments. The enterprise segment comprises energy and utilities, media and entertainment, healthcare, transportation and logistics, retail, manufacturing and others (such as home automation, education, agriculture, BFSI and chemical). The country level segment covers the U.S., Canada and Mexico. The report also discusses strategies adopted by major players in the North American 5G services market.

Market size is forecasted for 2020, 2021 and 2025. Forecasted values are based on technology vendors as well as telecom providers, and governments investments in the commercialization of 5G. "As revenue generation has yet to be done through 5G services and commercial deployment is still ongoing, it is expected that the market for 5G services will start to boom by 2020," predicts the researcher.

The full report includes: a descriptive study with an impact analysis of the 5G telecommunication services in the North American region; country-specific data and analysis for the U.S., Canada and Mexico with revenue forecasts through 2025; evaluation of growth driving factors, such as increasing demand for ultra-low latency connectivity as well as increasing development of connected IoT devices strengthening the role of 5G services across the telecom market; discussion on market opportunities, including ecosystem architecture, network planning and impact, service design and ROI impact, and 5G stakeholders and their key strategies; and a profile description of major 5G network providers and commercial partner companies.

Companies mentioned in the report include:

AT&T Inc.

BT Group Plc

China Mobile

China Telecom Corp.

Cisco Systems Inc.

Deutsche Telekom

Ericsson

Huawei

Intel Corp.

KT Corp.

NEC Corp.