Analysis - by type [Enhanced Mobile Broadband (eMBB), Massive Machine-Type Communications (mMTC), Ultra-Reliable Low Latency (uRLLC), and Fixed Wireless Access (FWA)] and End User [Enterprises, (IT & Telecom, Manufacturing, Healthcare, BFSI, Retail & E-commerce, and Others) and Consumers]
No. of Pages:130
Report Code:
BMIRE00031405
Category:
Technology, Media and Telecommunications
The South & Central America 5G services market was valued at US$ 1,873.44 million in 2023 and is expected to reach US$ 54,793.21 million by 2031; it is estimated to register a CAGR of 52.5% from 2023 to 2031.
Digital Transformation Fuels South & Central America 5G Services Market
Organizations struggle to be competitive in a rapidly changing and dynamic market. Through digital transformation, businesses aim to increase their competitive advantage, improve business performance and processes, and achieve business growth. Digital transformation has become a new model for many organizations to gain competitive advantages in the intense and dynamic market competition. Moreover, the COVID-19 pandemic has boosted digital transformation activities by forcing organizations to increase their use of digital platforms for consumers and employees. 5G plays a pivotal role in this new era of global digital transformation with its incredibly low latency, huge traffic capacity, and superfast data rates. In such a massive digital revolution, 5G facilitates quick communication between IoT machines, sensors, and devices. 5G networks can carry data at peak rates of up to 20 Gbps, which is far faster than 4G networks. They have a high dependability of up to 99.9999% when sending data. Moreover, 5G offers faster and more reliable connectivity than previous generations of mobile technology. Businesses can use real-time data analytics and insights to optimize operations and improve customer experiences with 5G.
As industries worldwide move toward an intelligent world defined by connectivity and digitalization, integrating technologies such as 5G within industries helps speed up digitalization for faster, more stable connectivity for applications such as cloud computing, virtual reality (VR), and video streaming. Thus, digital transformation across industries is likely to provide opportunities for the 5G services market.
South & Central America 5G Services Market Overview
The National Telecommunications Agency (Anatel) has approved the licensing and activation of 5G technology stations in an additional 395 Brazilian municipalities. This leads to the total number of municipalities with 5G coverage to 3,678, covering ~181.3 million Brazilians, which represents ~85% of the population. As of March 2024, nine out of Brazil's 27 states have all their municipalities licensed for 5G. Moreover, according to GSMA, 5G subscribers in Brazil are forecast to reach 179 million by 2030. As per Brazilian carrier TIM, Brazilian cities with more than 500,000 inhabitants will use the 5G network by July 2025.
South & Central America 5G Services Market Revenue and Forecast to 2031 (US$ Million)
South & Central America 5G Services Market Segmentation
By type, the South & Central America 5G services market is segmented into enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), ultra-reliable low latency (uRLLC), and fixed wireless access (FWA). The enhanced mobile broadband (eMBB) segment held the largest share of the South & Central America 5G services market share in 2023.
In end user, the South & Central America 5G services market is bifurcated into enterprises and consumers. The enterprises segment held a larger share of the South & Central America 5G services market share in 2023. Enterprises sub segmented into IT & telecom, manufacturing, healthcare, BFSI, retail & e-commerce, and others.
Based on country, the South & Central America 5G services market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil segment held the largest share of South & Central America 5G services market in 2023.
Deutsche Telekom AG, Huawei Technologies Co Ltd, Nokia Corp, Orange SA, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, and ZTE Corp are some of the leading companies operating in the South & Central America 5G services market.
South & Central America 5G Services Market Strategic Insights
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South & Central America 5G Services Market Segmentation Analysis
South & Central America 5G Services Market Report Highlights
South & Central America 5G Services Report Scope
Report Attribute
Details
Market size in 2023
US$ 1,873.44 Million
Market Size by 2031
US$ 54,793.21 Million
CAGR (2023 - 2031)
52.5%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type
Enhanced Mobile Broadband
Massive Machine-Type Communications
Ultra-Reliable Low Latency
Fixed Wireless Access
By End User
Enterprises
Consumers
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Deutsche Telekom AG
Huawei Technologies Co Ltd
Nokia Corp
Orange SA
Samsung Electronics Co Ltd
Telefonaktiebolaget LM Ericsson
Vodafone Group Plc
ZTE Corp
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South & Central America 5G Services Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South & Central America 5G Services Market
Deutsche Telekom AG
Huawei Technologies Co Ltd
Nokia Corp
Orange SA
Samsung Electronics Co Ltd
Telefonaktiebolaget LM Ericsson
Vodafone Group Plc
ZTE Corp
Frequently Asked Questions
How big is the South & Central America 5G Services Market?
The South & Central America 5G Services Market is valued at US$ 1,873.44 Million in 2023, it is projected to reach US$ 54,793.21 Million by 2031.
What is the CAGR for South & Central America 5G Services Market by (2023 - 2031)?
As per our report South & Central America 5G Services Market, the market size is valued at US$ 1,873.44 Million in 2023, projecting it to reach US$ 54,793.21 Million by 2031. This translates to a CAGR of approximately 52.5% during the forecast period.
What segments are covered in this report?
The South & Central America 5G Services Market report typically cover these key segments-
Type (Enhanced Mobile Broadband, Massive Machine-Type Communications, Ultra-Reliable Low Latency, Fixed Wireless Access)
End User (Enterprises, Consumers)
What is the historic period, base year, and forecast period taken for South & Central America 5G Services Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America 5G Services Market report:
Historic Period : 2021-2022
Base Year : 2023
Forecast Period : 2024-2031
Who are the major players in South & Central America 5G Services Market?
The South & Central America 5G Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Deutsche Telekom AG
Huawei Technologies Co Ltd
Nokia Corp
Orange SA
Samsung Electronics Co Ltd
Telefonaktiebolaget LM Ericsson
Vodafone Group Plc
ZTE Corp
Who should buy this report?
The South & Central America 5G Services Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South & Central America 5G Services Market value chain can benefit from the information contained in a comprehensive market report.
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