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5G Services Market to grow by USD 397.6 billion from 2024-2028, driven by R&D and 5G network deployment, with AI transforming market dynamics – Technavio

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global 5G services market size is estimated to grow by USD 397.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  31.13%  during the forecast period. Growing research and development and deployment of 5G network is driving market growth, with a trend towards adoption of 5G networks for smart cities. However, high deployment cost of 5G technology  poses a challenge.Key market players include AT and T, Bell Canada, Bharti Airtel Ltd., BT Group Plc, China Mobile Ltd., Deutsche Telekom AG, Etisalat, KT Corp., MTN Group Management Services (Pty) Ltd., Nippon Telegraph and Telephone Corp., Orange SA, Reliance Industries Ltd., Rogers Communications Inc., stc Group, SK Telecom Co. Ltd., T Mobile US Inc., Telefonica SA, Telstra Corp. Ltd., Verizon, and Vodafone Group Plc.

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5G Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 31.13%

Market growth 2024-2028

USD 397.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

27.06

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 43%

Key countries

US, Canada, China, Germany, and Japan

Key companies profiled

AT and T, Bell Canada, Bharti Airtel Ltd., BT Group Plc, China Mobile Ltd., Deutsche Telekom AG, Etisalat, KT Corp., MTN Group Management Services (Pty) Ltd., Nippon Telegraph and Telephone Corp., Orange SA, Reliance Industries Ltd., Rogers Communications Inc., stc Group, SK Telecom Co. Ltd., T Mobile US Inc., Telefonica SA, Telstra Corp. Ltd., Verizon, and Vodafone Group Plc

Market Driver

The 5G services market is experiencing significant growth as businesses and industries adopt 5G technology and networks for real-time data collection and analysis. Smart agriculture is a prime example, with precision farming using sensors to monitor soil conditions, weather patterns, and crop health. Telecommunication operators and equipment manufacturers are collaborating to provide global roaming capabilities and spectrum harmonization for 5G subscribers. In the smart cities segment, urban infrastructure is being transformed with 5G. Smart grid systems, environmental sensors, and responsive solutions optimize resources and improve city management processes. Traffic management, emergency response systems, and public services benefit from real-time data and video feeds. The IT and telecom sectors, manufacturing, healthcare, and transportation industries are also leveraging 5G for enhanced mobile broadband, smart manufacturing, telemedicine, autonomous vehicles, and edge computing. With average data volumes increasing among video content viewers and mobile phone users, 5G subscribers demand faster download speeds and lower latency. Fiber, cable, and copper DSL networks are being replaced by FWA 5G connections. Network infrastructure, including small cells, fiber optic networks, radio equipment, and base stations, is being upgraded to support 5G services. Specialized antennas and Industry 4.0 technologies enable predictive maintenance and monitoring of smart devices and manufacturing facilities. With 6G technology on the horizon, the future of 5G services is bright. 

Smart cities are gaining popularity due to the advanced ICT infrastructure they offer, enhancing public amenities and infrastructure connectivity. Communications play a crucial role in this setup, enabling the Internet, landline, and wireless services necessary for commercial use. Extensive Machine-Type Communication (MTC) applications, such as smart metering, property monitoring, logistics management, and smart parking, are essential in a smart city. These applications require low data rates but long-reach connectivity due to their placement in challenging environments like basements and farms. Therefore, 5G services, with their high bandwidth, low latency, and extensive coverage, are ideal for smart city communications, ensuring seamless integration and efficient operation. 

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 Market Challenges

The 5G services market is experiencing significant growth as businesses and industries adopt 5G technology for real-time data collection and processing. In sectors like agriculture, precision farming using sensors for soil conditions and weather patterns is becoming common. Telecommunication operators and equipment manufacturers are working on global roaming capabilities and spectrum harmonization to expand 5G networks. Smart cities are investing in 5G for urban infrastructure, with applications including traffic management, emergency response systems, and public services. The market also includes FWA 5G services, Enhanced Mobile Broadband, and industrial automation. Challenges include the need for speed-based tariff plans, network infrastructure expansion, and the integration of IoT sensors for air quality, energy consumption, and traffic flow. The future holds potential for VR, AR, and UHD content, as well as 6G technology and IT and telecom applications.The global 5G services market faces several challenges due to the high acquisition and installation costs of 5G technology and small cell networks. Security concerns for outdoor power systems and stringent regulations add to the market’s complexity. Pressure for competitive pricing from customers and almost similar data tariffs to previous broadband communications further impact profitability. The high cost of new frequency spectrum releases is another significant challenge. Large organizations must navigate these hurdles to succeed in the 5G market.

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Segment Overview 

This 5g services market report extensively covers market segmentation by  

Technology 1.1 eMBB1.2 FWA1.3 mMTC1.4 uRLLCEnd-user 2.1 Consumers2.2 EnterprisesGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 eMBB-  The 5G Enhanced Mobile Broadband (eMBB) service category offers significant improvements over existing 4G services, with a minimum data transfer rate that delivers increased bandwidth and lower latency. This technology enables new applications such as 8K video streaming and Virtual Reality (VR) and Augmented Reality (AR). Large events, like sports, games, or concerts, are potential applications for these high bandwidth services. However, network performance is crucial for these applications, as any disruption can negatively impact the user experience. For instance, latency exceeding 20 milliseconds can cause dizziness and nausea in VR users. Meeting latency thresholds for large audiences is essential. The 5G eMBB service aims to achieve high data rates solely within 5G standalone capacity and improve 4G LTE networks for higher data rates with lower latency. It also provides high capacity to densely populated urban areas, ensures broad network coverage, and allows for real-time connectivity while using mobile broadband services from moving vehicles. These factors contribute to the anticipated growth of the 5G services market.

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Research Analysis

The 5G services market is poised for significant growth, driven by the deployment of 5G networks and the integration of advanced technologies. 5G technology offers real-time data collection capabilities, making it ideal for various industries such as agriculture, where precision farming and smart agriculture are set to revolutionize production with sensors monitoring soil conditions. The energy sector is also embracing 5G with smart grid systems, while 5G subscribers can look forward to experiences with Virtual Reality (VR) and Augmented Reality (AR), UltraHigh Definition (UHD) streaming, and the promise of 6G technology. IT and telecom companies are investing heavily in 5G services, including Fixed Wireless Access (FWA), telemedicine, and autonomous vehicles. Edge computing, industrial automation, and smart city systems are also set to benefit from the low latency and high bandwidth offered by 5G. Service providers are rolling out small cells and specialized antennas to expand network coverage and capacity. Fiber optic networks continue to play a crucial role in the backhaul infrastructure of 5G networks.

Market Research Overview

The 5G services market is poised for significant growth as the deployment of 5G networks continues to expand. With 5G technology, real-time data collection becomes a reality, enabling various industries to optimize resources and improve efficiency. In agriculture, smart farming and precision farming are set to benefit from sensors that monitor soil conditions, weather patterns, and crop health. 5G networks will also power smart grid systems, environmental sensors, and responsive solutions for resource optimization. The average data volume generated by smartphone subscriptions, video content viewers, and mobile phone users will require advanced network infrastructure. Telecommunication operators and equipment manufacturers are investing in global roaming capabilities, spectrum harmonization, and frequency bands to meet the demands of 5G subscribers. The smart cities segment will see the implementation of 5G in urban infrastructure, enabling smart city initiatives, city management processes, and real-time data exchange for applications such as traffic management, emergency response systems, and public services. The IoT sensors in smart cities will monitor air quality, traffic patterns, energy consumption, and traffic flow, enabling congestion management and urban planning. The 5G services market will also impact industries such as IT and telecom, manufacturing, healthcare, and transportation, with applications such as Virtual Reality (VR), Augmented Reality (AR), UltraHigh Definition (UHD), and 6G technology. The market will also see the growth of FWA 5G Services, Enhanced Mobile Broadband, smart manufacturing, telemedicine, autonomous vehicles, edge computing, industrial automation, and smart city systems. The deployment of small cells, fiber optic networks, radio equipment, and base stations will be essential for the growth of the 5G services market. The market will also see the implementation of predictive maintenance, monitoring, and smart devices in manufacturing facilities, as well as the development of speed-based tariff plans and fixed broadband services. The 5G services market will revolutionize the way we live, work, and communicate, providing rapid data exchange and enabling new applications and services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyEMBBFWAMMTCURLLCEnd-userConsumersEnterprisesGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Best AI Productivity Tools for Creators (2026): CapCut Recognized for Faster Video and Image Workflows by Software Experts

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NEW YORK, July 19, 2026 /PRNewswire/ — Artificial intelligence continues to reshape how digital content is produced, with creators relying on AI tools like CapCut to handle editing, asset generation, and repetitive production tasks that once required several separate applications. As these tools mature, software reviews are placing more weight on workflow efficiency alongside creative output.

Best AI Productivity Tools for Creators

Seedance 2.0 – an AI video generation model that creates videos from text prompts and image inputsPhoto to 3D – an AI tool that transforms 2D photos into images with realistic three-dimensional depth and effects

The use of AI has expanded across independent creators, marketing teams, educators, and small businesses producing content for websites, social media, online stores, and digital campaigns. Rather than using AI for a single task, many creative professionals now incorporate it throughout the production process, from generating concepts and visuals to refining finished content. This has encouraged software reviewers to test how well platforms support complete creative workflows instead of evaluating individual features in isolation.

Software Experts has included CapCut among its 2026 selections for AI productivity tools for creators, citing the platform’s collection of AI-powered features that support faster video and image production. The review examined how integrated AI tools can simplify common creative tasks across video editing, image generation, music creation, and visual enhancement.

What Is Driving Interest in AI Productivity Tools?

Content creators are producing more material than ever across short-form video platforms, social media, online stores, blogs, newsletters, and marketing campaigns. A single project may require multiple image formats, several video versions, captions, background edits, and audio, all within a short production window.

Many creators also repurpose one piece of content into several formats. A long-form video may be edited into short clips for social platforms, paired with custom graphics, accompanied by AI-generated music, and published alongside promotional images. Completing these tasks manually often requires switching between multiple editing applications.

This has encouraged software developers to introduce AI features that reduce manual editing while keeping creators in control of the finished product. Instead of switching between several applications, many creators now prefer platforms that support multiple stages of production within the same workspace.

How Does CapCut Support Video and Image Workflows?

CapCut offers AI tools that assist throughout the creative process, from generating visual assets to preparing finished content for publishing.

Among the tools included are:

Seedance 2.0 for generating AI videos from text promptsGPT Image 2 for creating images from written descriptionsSeedream for AI-generated artwork and creative visualsSeedmusic for producing original music from text promptsAI Image Extender for expanding images while preserving visual consistencyPhoto to 3D for adding depth effects to imagesAI Background Removal for separating subjects from image backgrounds with minimal editing

Together, these features support projects ranging from social media posts and marketing materials to promotional videos, educational content, presentations, and visual concepts, allowing creators to complete more production tasks within a single platform.

Why Are Integrated AI Platforms Receiving More Coverage?

Earlier AI tools often specialized in a single task, such as image generation or video editing. Newer platforms are bringing these functions together to let creators complete more of their work without transferring files between multiple services.

This type of workflow can shorten production time while helping maintain visual consistency across different content formats. It can also reduce the amount of time spent exporting files, reformatting assets, or rebuilding projects in separate applications.

As a result, software evaluations are increasingly examining how efficiently creators can complete everyday production work. Instead of concentrating solely on the number of AI features available, reviewers are also looking at how those tools function together during real-world creative projects.

What Did Software Experts Evaluate?

The review looked at AI tools that support practical creative work across multiple production stages rather than concentrating on a single feature.

Areas included in the evaluation included:

AI-assisted video generationText-to-image creationAI-generated musicBackground removalImage expansionThree-dimensional visual effectsEditing tools that support faster creative workflows

The review also examined how these features work together during typical content production rather than evaluating each tool separately. This reflects the way many creators now build content using interconnected AI tools instead of isolated editing software.

What Does This Mean for Creators?

Creative software continues to incorporate AI across more stages of content production, giving creators additional ways to streamline editing while maintaining creative control. As publishing schedules become more demanding, workflow efficiency has entered software evaluations alongside editing quality and creative flexibility.

Software Experts’ 2026 review places CapCut among AI productivity tools supporting faster video and image workflows through its collection of AI-powered creative features. As AI continues to influence digital content production, reviews are placing emphasis on how effectively platforms help creators complete everyday projects from concept through final publication.

To read the full review, please visit the Software experts website.

About CapCut

CapCut is an AI-powered photo and video editing platform designed to make high-quality video creation accessible across devices. The platform supports creators, businesses, and everyday users with tools for video editing, AI video generation, captions, templates, audio, and visual editing. CapCut is available across mobile, web, desktop, and iPad experiences, helping users create, edit, and prepare video content for social media, marketing, education, and personal projects.

About Software Experts: Software Experts delivers in-depth news on the digital tools shaping today’s consumer experience. As an affiliate, Software Experts may earn commissions from sales generated using links provided.

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SOURCE SoftwareExperts.org

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Penetron Strengthens Global Research Collaboration at ICSHM 2026

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PHILADELPHIA, July 19, 2026 /PRNewswire/ — Penetron participated in the 10th International Conference on Self-Healing Materials (ICSHM 2026), held July 8–10, 2026, at Drexel University in Philadelphia, Pennsylvania. The international event brought together leading researchers, engineers, and industry representatives to present and discuss the latest advances in self-healing materials and related technologies.

A global delegation of Penetron executives attended the conference, representing the United States, Greece, Italy, Brazil, India, Chile, the United Arab Emirates, Belgium, and Singapore.

“For over 50 years, Penetron has provided self-healing concrete solutions to the industry that optimize concrete durability by sealing cracks and reducing concrete permeability to limit maintenance requirements, extend structural service life, and help protect infrastructure exposed to groundwater, chemicals, chlorides, and other aggressive conditions,” says Christopher Chen, Director of The Penetron Group. “Our participation at the ICSHM reinforces Penetron’s long-standing commitment to international research collaboration and allows us to better understand emerging research and develop leading-edge solutions for real-world construction challenges.”

Hosted at Drexel University’s Bossone Research Enterprise Center, ICSHM 2026 welcomed specialists from more than 18 countries across six continents and featured over 70 technical presentations, including keynote addresses, plenary sessions, research presentations, and an interactive poster program. The conference opened with remarks from Drexel University President Antonio Merlo and ICSHM Chair Dr. Nele De Belie. Finally, the conference provided valuable opportunities for researchers and industry specialists to strengthen cooperation between academia and the construction sector to further develop self-healing technologies.

“Extending the service life of concrete infrastructure requires cooperation between universities, materials specialists, engineers, and industry,” said Jozef Van Beeck, Director of International Sales and Marketing for The Penetron Group. “ICSHM 2026 provided an important forum for connecting scientific research with the practical requirements of the global construction industry.”

The Penetron Group is a leading manufacturer of specialty construction products for concrete waterproofing, concrete repairs, and floor preparation systems. The Group operates through a global network, offering support to the design and construction community through its regional offices, representatives, and distribution channels.

For more information on Penetron waterproofing solutions, please visit penetron(dot)com or Facebook(dot)com/ThePenetronGroup, email CRDept(at)penetron(dot)com or contact the Corporate Relations Department at 631-941-9700.

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SOURCE The Penetron Group

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Singtel Receives Four Frost & Sullivan 2026 Recognitions for Leadership in Enterprise Connectivity, Cybersecurity, and Digital Transformation

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The recognitions highlight Singtel’s leadership in secure connectivity, network transformation, IoT innovation, and cybersecurity, delivering customer value through intelligent digital infrastructure and AI-enabled enterprise services.

SAN ANTONIO, July 19, 2026 /CNW/ — Frost & Sullivan is pleased to honor Singtel with the 2026 Southeast Asia IoT Connectivity Service Provider Company of the Year, 2026 Singapore Network Transformation Customer Value Leadership, 2026 Singapore Cybersecurity Services Company of the Year, and 2026 Singapore SD-WAN and SASE Service Provider Company of the Year recognitions. These acknowledgements reflect Singtel’s outstanding achievements in delivering secure, intelligent, and scalable digital infrastructure that enables enterprises to modernize operations, simplify complexity, and accelerate digital transformation across Singapore and Southeast Asia. They underscore the company’s consistent leadership in strategy execution, customer value creation, and innovation across enterprise connectivity, cybersecurity, software-defined networking, and IoT connectivity services.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Singtel excelled in both, demonstrating its ability to anticipate evolving enterprise requirements while consistently translating long-term vision into measurable customer outcomes. Through platforms such as Singtel CUBΣ (CUBE) and its multidomestic IoT connectivity architecture, the company continues to unify networking, cybersecurity, automation, and AI-driven intelligence into integrated solutions that address the growing complexity of hybrid, multicloud, and connected environments. “Singtel has established itself as a benchmark for enterprise digital infrastructure by converging connectivity, cybersecurity, network intelligence, and IoT orchestration into a unified, customer-centric ecosystem. Its disciplined execution, platform-led innovation, and commitment to simplifying complex enterprise environments continue to strengthen operational resilience and deliver sustained value for organizations across the region,” said Kenny Yeo, Director at Frost & Sullivan.

Guided by a long-term strategy focused on digital innovation, intelligent infrastructure, and customer-centric transformation, Singtel has moved well-beyond traditional telecommunications to a trusted technology partner for enterprises navigating increasingly connected and data-driven environments. Its strategic investments in AI-enabled operations, cloud-native platforms, secure connectivity, and ecosystem partnerships enable organizations to modernize critical infrastructure while maintaining the flexibility to support future business growth.

The company’s strategic agility and sustained investment in integrated digital platforms have enabled it to scale innovative services across local, regional, and global enterprise environments. Innovation remains central to Singtel’s approach through solutions including the CUBΣ connected intelligence platform, multidomestic IoT connectivity powered by eSIM orchestration, managed cybersecurity services, AI-driven network automation, and network-as-a-service capabilities. These solutions simplify network and security management, strengthen cyber resilience, improve operational visibility, and provide enterprises with scalable, secure, and high-performing connectivity across cloud, edge, IoT, and hybrid infrastructures.

By streamlining service delivery through intelligent automation, centralized orchestration, proactive monitoring, and flexible managed and co-managed service models, Singtel continues to help organizations reduce operational complexity while improving service reliability and business agility. Its ability to integrate best-of-breed technologies in a unified operational framework, combined with strong regional network ownership and localized expertise, enables customers to confidently scale digital initiatives while maintaining security, governance, and operational excellence.

Frost & Sullivan commends Singtel for setting a high standard in competitive strategy, execution, and customer value across multiple technology domains. By combining intelligent networking, secure digital infrastructure, AI-enabled operations, and cross-border IoT capabilities in an integrated platform strategy, the company is shaping the future of enterprise connectivity while helping organizations build resilient, future-ready digital ecosystems.

Each year, Frost & Sullivan presents its Company of the Year and Customer Value Leadership recognitions to organizations that demonstrate outstanding strategy development and implementation, resulting in measurable improvements in customer satisfaction, competitive positioning, and business performance. These recognitions honor forward-thinking companies that continuously raise industry standards through innovation, operational excellence, and long-term value creation.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

 

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SOURCE Frost & Sullivan

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