As per the current market research conducted by CMI Team, the global 5G Video Market size is expected to record a CAGR of 6.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 622.8 Million. By 2032, the valuation is anticipated to reach USD 1070.1 Million.
5G Video Market: Growth Factors and Dynamics
- Rapid 5G Network Expansion: Ongoing efforts in expanding 5G network infrastructure globally contribute to the market’s growth. Increasing coverage and availability of 5G networks enable a broader audience to access high-quality video content, driving demand for 5G video services.
- Integration of Edge AI and Machine Learning: The integration of Artificial Intelligence (AI) and Machine Learning (ML) at the network edge enhances video analytics, content recommendations, and personalized experiences. This intelligent integration fosters market growth by providing users with more refined and tailored 5G video content, improving engagement and satisfaction.
- Emergence of Enhanced Mobile Broadband (eMBB): The deployment of 5G’s eMBB enables ultra-fast data rates, enhancing the user experience for video streaming, gaming, and other data-intensive applications, thus driving market growth.
- Proliferation of IoT Devices: The integration of 5G with the Internet of Things (IoT) supports a massive number of connected devices, fostering growth in video services for IoT applications, such as surveillance cameras and smart devices.
- Increased Adoption of Edge Computing: The rise of edge computing in 5G networks reduces latency, enabling real-time video processing and delivery. This dynamic improves the performance of video applications and drives the demand for 5G video services.
- Industry-Specific Applications: Sectors like healthcare, education, and manufacturing leverage 5G video for applications such as telemedicine, remote learning, and industrial training, contributing to the market’s diversified growth.
- Strategic Partnerships and Collaborations: Collaborations between telecommunication companies, content providers, and technology firms are driving innovation in 5G video services. Partnerships aim to deliver unique and enhanced video experiences, fostering market expansion through joint technological initiatives.
- Explosive Increase in Data Demand: The growth of the 5G video market is fueled by the exponential surge in data demand, driven by high-quality video streaming, augmented reality (AR), and virtual reality (VR) applications, necessitating the capabilities of 5G networks for seamless transmission.
- Dynamic Content Delivery Models: The evolution of content delivery models, including edge caching and content delivery networks optimized for 5G, enhances the efficiency of video streaming. These dynamic models contribute to reduced latency and improved quality of service, positively impacting the 5G video market’s expansion.
5G Video Market: Partnership and Acquisitions
- In 2021, Ericsson introduced three new radios in its extensive massive MIMO portfolio, bolstering its leading position in the industry. Additionally, the company has expanded its RAN compute portfolio with six products, aiming to expedite the deployment of 5G mid-band networks and advance the evolution of wireless communication.
- In 2020, ZTE, a global telecommunications and technology solutions provider, pioneered the industry’s inaugural broadcast demonstration using 5G NR physical layer technology at the Ultra-High-Definition Video (Beijing) Production Technology Collaboration Centre. This achievement signifies the successful deployment of end-to-end 5G HD video broadcast services operating on the 700 MHz spectrum.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 622.8 Million |
| Projected Market Size in 2032 | USD 1070.1 Million |
| Market Size in 2022 | USD 586.4 Million |
| CAGR Growth Rate | 6.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Service, Application, Industry Vertical, Deployment Type, End User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
5G Video Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the 5G Video Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Network Deployment Delays: The pandemic disrupted the planned deployment and expansion of 5G networks, leading to delays in infrastructure development and hindering the widespread availability of 5G services.
- Shift in Consumer Priorities: Economic uncertainties during the pandemic altered consumer spending patterns, impacting investments in high-end devices and 5G subscriptions, thus slowing down the adoption of 5G video services.
- Content Production Disruptions: Lockdowns and social distancing measures disrupted content production schedules, affecting the availability of new and exclusive 5G video content.
- Accelerated Network Deployments: Post-pandemic, increased emphasis on accelerated 5G network deployments and infrastructure expansion to compensate for previous delays, ensuring wider coverage and availability of 5G services.
- Innovative Subscription Models: The industry is introducing innovative subscription models and pricing strategies to entice consumers, encouraging renewed interest and adoption of 5G video services as economic conditions stabilize.
- Content Resumption and Creation: As lockdowns ease, there is a resurgence in content creation and resumption of production schedules, ensuring a steady flow of diverse and engaging 5G video content for consumers.
- Enhanced Consumer Outreach: Aggressive marketing campaigns and promotional activities are being employed to rekindle consumer interest, educating them about the benefits of 5G video services and encouraging upgrades to 5G-compatible devices.
- Collaboration for Exclusive Content: Strategic collaborations between 5G service providers, content creators, and platforms are fostering the creation of exclusive and compelling content, enhancing the overall value proposition and driving renewed interest in 5G video services.
- Augmented Reality (AR) and Virtual Reality (VR) Adoption: The growing adoption of AR and VR applications relies heavily on robust and low-latency networks. 5G’s capabilities support immersive video experiences, driving market growth as industries embrace these technologies for gaming, education, and virtual events.
In conclusion, the COVID-19 pandemic has had a mixed impact on the 5G Video Market, with some challenges and opportunities arising from the pandemic.
List of the prominent players in the 5G Video Market:
- Verizon Communications Inc.
- AT&T Inc.
- China Mobile Limited
- NTT DOCOMO Inc.
- Qualcomm Incorporated
- Ericsson
- Nokia Corporation
- Samsung Electronics Co. Ltd.
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc.
- Intel Corporation
- ZTE Corporation
- SK Telecom Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- Telecom Italia S.p.A.
- Others
The 5G Video Market is segmented as follows:
By Type
- Enhanced Mobile Broadband (eMBB)
- Ultra-Reliable Low Latency Communications (URLLC)
- Massive Machine Type Communications (mMTC)
By Service
- Video-on-Demand (VoD)
- Live Streaming
- Interactive Video
By Application
- Entertainment and Gaming
- Enterprise and Collaboration
- Healthcare
- Education
- Others
By Industry Vertical
- Telecom and IT
- Media and Entertainment
- Others
By Deployment Type
- Public Cloud
- Private Cloud
By End User
- Consumers
- Businesses
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America