Global 5G Video Market Report By Application (Video Streaming, Video Broadcasting), By End-User Industry (Media and Entertainment, Telecommunications, Healthcare, Gaming), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global 5G Video Market size is expected to be worth around USD 1,121.6 Million by 2033, from USD 586.4 Million in 2023, growing at a CAGR of 6.7% during the forecast period from 2024 to 2033.

The 5G Video Market refers to the segment of the media and telecommunications industry that leverages 5G technology to enhance video streaming, broadcasting, and communication. 5G offers significantly faster data speeds, lower latency, and higher bandwidth, enabling seamless high-definition and 4K video streaming, real-time video communication, and immersive experiences like augmented reality (AR) and virtual reality (VR).

The market is driven by the growing demand for high-quality video content and the increasing adoption of 5G networks globally. As consumers expect faster and more reliable video services, businesses are investing in 5G technology to deliver superior video experiences. The market also benefits from the rise of mobile video consumption and the need for better video performance in industries like entertainment, education, healthcare, and gaming.

The 5G video market is positioned for significant growth, driven by the widespread adoption of 5G networks and the increasing demand for high-quality video content. With the capability to support up to 1 million devices per square kilometer, 5G services enables seamless video streaming even in densely populated areas.

This technology is revolutionizing the mobile video experience, offering faster downloads, smoother streaming, and enhanced interactivity. As a result, video is expected to account for nearly 79% of mobile data traffic by 2027, reflecting the surging demand for mobile video consumption.

The rollout of 5G is also making high-definition video more accessible. Telecom operators like Verizon and AT&T report that 5G delivers speeds 10 to 20 times faster than 4G, with peak speeds reaching up to 4 Gbps.

This dramatic increase in speed allows for Ultra-High Definition (UHD) streaming, including 4K and even 8K video, to be delivered seamlessly across devices, reducing buffering issues and enhancing the overall viewing experience. Additionally, 5G’s low latency is crucial for emerging applications like Augmented Reality (AR) and Virtual Reality (VR) video, which require real-time data processing.

To support this rapid expansion, telecom operators are making substantial investments in 5G infrastructure. Globally, operators are projected to spend around $720 billion on 5G network development by 2027. These investments are critical not only for expanding 5G’s reach but also for ensuring that both urban and rural areas can benefit from its capabilities.

Governments are also playing a pivotal role, encouraging public-private partnerships and allocating significant funding to bolster 5G infrastructure. For example, Germany has committed €300 million to Open RAN projects, which are essential for the deployment of flexible and cost-effective 5G networks.

Ericsson estimates that 5G adoption will reach around 2 billion connected devices by the end of 2023, facilitating the broader deployment of video services, particularly in remote areas where traditional fiber optic infrastructure is lacking. The GSMA projects that between 2022 and 2025, around $600 billion will be invested globally in upgrading existing networks, with 85% of this investment directed towards 5G.

The 5G video market is set to expand rapidly as technology advances and consumer demand for high-quality video content grows. The extensive investments in 5G infrastructure will be a key driver in this market, enabling new opportunities for video streaming, AR/VR applications, and beyond.

Key Takeaways

• 5G Video Market was valued at USD 586.4 million in 2023, with a projected CAGR of 6.7%.
• In 2023, Video Streaming led the application segment with 45% due to the increasing demand for high-quality, low-latency content delivery.
• In 2023, Media and Entertainment led the End-User segment with 40% due to consumer demand for premium viewing experiences.
• In 2023, North America accounted for 37.2%, driven by the early adoption of 5G technology and high consumption of video content.

Application Analysis

Video Streaming dominates with 45% due to its increasing demand for high-definition and real-time content.

In the 5G Video Market, Video Streaming emerges as the dominant application, holding a 45% share. This segment’s leadership is primarily due to the escalating consumer demand for high-quality, real-time video content accessible across various devices. The advent of 5G technology significantly enhances the streaming experience by providing higher bandwidth and lower latency, which are essential for streaming high-definition (HD) and ultra-high-definition (UHD) content without buffering.

The importance of Video Streaming is particularly evident in the way it has transformed media consumption habits. Consumers increasingly prefer on-demand video services, which offer extensive libraries of content that can be accessed anytime and anywhere, making traditional broadcast models less attractive. The capabilities of 5G further amplify this trend by enabling more reliable and efficient streaming services, even in high-mobility environments.

While Video Streaming leads the application segment, Video Broadcasting also plays a critical role within the 5G video market. This sub-segment benefits from 5G’s enhanced capacity to support multiple simultaneous broadcast streams, which is crucial for live events and news broadcasting. The introduction of 5G is expected to revolutionize live broadcasting by reducing the time delay and improving the quality of live video feeds, essential for sports, concerts, and other real-time events.

End-User Industry Analysis

Media and Entertainment dominates with 40% due to its vast consumption of video content and rapid adoption of 5G technology.

In the 5G Video Market, the Media and Entertainment industry stands out as the largest end-user, accounting for 40% of the market. This dominance is driven by the industry’s substantial consumption of video content and its quick adoption of 5G technology to improve content delivery and viewer experiences.

The Media and Entertainment sector utilizes 5G to stream ultra-high-definition movies, live sports, and interactive content with enhanced reliability and lower latency, catering to the growing consumer demand for premium viewing experiences.

The impact of 5G on this sector is transformative, enabling content creators and distributors to offer innovative services such as virtual reality (VR) and augmented reality (AR) streaming, which require significant bandwidth and speed to deliver a seamless user experience. Additionally, 5G facilitates more personalized and interactive media consumption, opening new revenue streams and engagement models for entertainment providers.

While the Media and Entertainment industry leads in adopting 5G video technologies, other sectors like Telecommunications, Healthcare, and Gaming are also integral to the market’s expansion. Telecommunications companies are pivotal in deploying 5G infrastructure, which is essential for the widespread adoption of 5G video services.

In Healthcare, 5G enhances telemedicine capabilities through high-quality video consultations and remote patient monitoring. In the Gaming industry, 5G reduces latency to provide a smoother and more responsive gaming experience, particularly in online multiplayer environments.

Key Market Segments

By Application

• Video Streaming
• Video Broadcasting

By End-User Industry

• Media and Entertainment
• Telecommunications
• Healthcare
• Gaming

Driver

High-Speed Connectivity and Enhanced User Experiences Drive Market Growth

The rollout of 5G technology with its high-speed connectivity is a major factor driving the growth of the 5G video market. With faster data transmission rates, 5G allows for smoother video streaming in ultra-high definition (UHD) and 4K technology, significantly improving the user experience for both consumers and businesses.

The growing demand for video conferencing systems in both personal and professional environments is another key driver. As remote work and virtual meetings become more common, 5G-enabled video solutions offer real-time, high-quality communication, which is essential for businesses looking to maintain effective collaboration.

Furthermore, the rise of immersive technologies like virtual reality (VR) and augmented reality (AR) in gaming, training, and education is contributing to the market’s expansion. 5G’s low latency allows these immersive experiences to run smoothly, pushing demand for enhanced video content in these areas.

The increasing adoption of Internet of Things (IoT) devices that rely on video, such as surveillance systems and smart homes, is driving market growth. The ability of 5G networks to handle vast amounts of data in real-time is critical for these applications, further boosting demand for 5G video solutions.

Restraint

High Deployment Costs and Privacy Concerns Restraint Market Growth

The high cost of deploying 5G infrastructure is a major factor restraining the growth of the 5G video market. Building a comprehensive 5G network requires significant investment in new equipment, technology, and infrastructure, which can delay widespread adoption, especially in developing regions.

Privacy concerns are another restraint. With the proliferation of video-based applications, including surveillance and smart home devices, there is increasing concern about data privacy and security. Consumers are wary of how their video data is collected, stored, and used, leading to potential regulatory challenges and market hesitancy.

Additionally, limited 5G coverage in rural or remote areas restricts the market’s growth potential. Many regions still lack the necessary infrastructure to support 5G networks, which limits the accessibility of 5G video services.

Interoperability challenges also hinder the market, as many devices and systems may not be fully compatible with 5G technology, requiring costly upgrades or replacements that slow down adoption rates across industries.

Opportunity

Immersive Media and Cloud Gaming Provide Opportunities

The rise of immersive media offers significant opportunities for players in the 5G video market. With 5G’s ultra-low latency and high-speed data transfer, immersive experiences such as virtual reality (VR) and augmented reality (AR) can be delivered more effectively. Companies focusing on developing content for immersive gaming, entertainment, and training can capitalize on this trend.

Cloud gaming is another major opportunity. 5G technology enables cloud-based gaming platforms to offer high-quality, real-time gaming experiences without requiring high-end hardware. This opens the door for companies to develop cloud gaming services that attract a broader audience of casual gamers.

The opportunity to enhance smart city infrastructure through 5G video solutions is also growing. Surveillance systems, traffic management, and public safety operations can all benefit from the real-time video capabilities provided by 5G, offering opportunities for technology providers to integrate video with urban infrastructure.

Finally, opportunities in healthcare are emerging, with 5G video enabling real-time telemedicine and remote surgeries, allowing doctors to interact with patients more effectively, regardless of location.

Challenge

Infrastructure and Data Management Challenges Market Growth

The complexity of building 5G infrastructure presents a significant challenge to the growth of the 5G video market. Deploying a 5G network requires upgrading existing systems and investing in new technology, which can be time-consuming and costly for both telecommunications providers and businesses.

Data management is another challenge. 5G video applications generate vast amounts of data that must be stored, processed, and analyzed in real-time. Ensuring that systems can manage and secure this data effectively is critical, and any failure in data handling could undermine trust and slow market growth.

Furthermore, achieving seamless integration between 5G video solutions and existing systems can be difficult. Many organizations may have legacy systems that are not fully compatible with 5G technology, requiring upgrades or replacements that add to operational costs and complexity.

The lack of standardization across different regions and industries poses a challenge. With various countries implementing 5G at different paces and under different regulations, companies must navigate a fragmented market, which can complicate the development and deployment of 5G video services.

Growth Factors

IoT Growth and Consumer Demand for High-Quality Streaming Are Growth Factors

The growing adoption of the Internet of Things (IoT) is a key growth factor for the 5G video market. IoT devices, such as smart home cameras and connected security systems, rely heavily on high-quality video streams for real-time monitoring and analysis. 5G networks provide the necessary bandwidth and speed to support these applications, driving market demand.

The increasing consumer demand for high-quality video streaming is another factor driving growth. With more users accessing streaming services on mobile devices, 5G enables smoother video playback in 4K and ultra-high definition (UHD), enhancing the viewing experience and boosting the popularity of streaming platforms.

The integration of 5G with cloud services is also pushing market growth. Cloud-based video solutions allow businesses to store, process, and deliver video content efficiently. The high-speed connectivity of 5G enhances these services, making them more reliable and scalable.

The use of 5G video in telemedicine and remote education is expanding rapidly. Healthcare providers can deliver high-definition video consultations, while educational institutions use 5G to enable interactive, real-time virtual classrooms, creating new opportunities for growth in these sectors.

Emerging Trends

Cloud Gaming and VR/AR Are Latest Trending Factors

The rise of cloud gaming is a major trending factor in the 5G video market. With 5G’s high-speed data transmission and low latency, cloud gaming services can deliver seamless, high-quality gaming experiences without requiring powerful hardware. This trend is expanding the gaming market, attracting both casual and hardcore gamers to cloud platforms.

The increasing adoption of virtual reality (VR) and augmented reality (AR) in entertainment, education, and training is another key trend. 5G networks enhance the performance of these immersive technologies by reducing latency and improving real-time interaction, making VR and AR more accessible and appealing to both consumers and businesses.

The integration of 5G with video analytics is also gaining momentum. Advanced video analytics powered by AI are being used in various industries, such as retail, security, and healthcare, to derive actionable insights from video data. 5G’s ability to process and transmit large amounts of video data in real-time is driving this trend.

The growing focus on smart cities and the use of 5G video for urban surveillance, traffic management, and public safety is another important trend shaping the market. 5G enables real-time monitoring and decision-making, improving city operations and enhancing public services.

Regional Analysis

North America Dominates with 37.2% Market Share

North America holds a 37.2% market share in the 5G Video Market, valued at USD 218.14 million. This leading position is primarily due to the rapid rollout of 5G networks, high consumer demand for ultra-high-definition video content, and significant investments by telecommunications companies in 5G infrastructure.

The region’s market dynamics are shaped by the integration of 5G with emerging technologies like augmented reality and virtual reality, enhancing the video streaming experience. The presence of major tech and media companies in North America accelerates the adoption and development of 5G video services, meeting consumer expectations for speed and quality.

The influence of North America in the global 5G Video Market is likely to grow as more areas are covered by 5G and as consumer electronics equipped to handle 5G speeds become more widespread. This advancement is expected to drive further innovations and increase the consumption of high-bandwidth video content.

Regional Mentions:

• Europe: Europe’s commitment to strong digital infrastructure and the rapid adoption of 5G technologies drives its significant presence in the 5G Video Market. Regulatory support and collaborative projects across the region enhance the quality and availability of 5G video services.
• Asia Pacific: Boasting rapid technological adoption and massive consumer markets, Asia Pacific is a key player in the 5G Video Market. Countries like South Korea and China lead with extensive 5G deployments, catering to a large base of mobile users demanding high-quality video streaming.
• Middle East & Africa: The Middle East and Africa are experiencing gradual growth in the 5G Video Market, with investments in 5G infrastructure laying the groundwork for future advancements in mobile video technology. The region’s strategic focus on digital transformation initiatives supports this upward trend.
• Latin America: Latin America is making strides in the 5G Video Market, driven by ongoing 5G network trials and increasing demand for better mobile video streaming experiences. The region’s focus on improving telecommunications infrastructure is key to its growing market share.

Key Regions and Countries covered іn thе rероrt

North America

• US
• Canada

Europe

• Germany
• France
• The UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• South Korea
• India
• Australia
• Rest of APAC

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Key Players Analysis

The 5G Video Market is driven by three key companies: Verizon Communications Inc., Qualcomm Incorporated, and Huawei Technologies Co. Ltd. These companies play a leading role due to their advanced 5G infrastructure, strategic innovations, and market influence.

Verizon Communications Inc. is a pioneer in the 5G video space, providing high-speed 5G networks that enhance video streaming, live broadcasting, and mobile video experiences. Its strong infrastructure and early adoption of 5G technology give Verizon a competitive advantage and significant market influence.

Qualcomm Incorporated is a key enabler of the 5G video market with its innovative 5G chipsets and mobile technologies. Qualcomm’s solutions power a wide range of devices, improving video quality and connectivity. Its leadership in 5G technology development positions it as a central player in the market.

Huawei Technologies Co. Ltd. plays a major role in the 5G video ecosystem, particularly with its 5G infrastructure solutions. Huawei’s strong presence in global 5G deployment, coupled with its focus on enhancing video transmission and content delivery, strengthens its influence across multiple regions.

These companies drive the 5G Video Market by providing advanced technologies, robust networks, and innovative solutions that enhance video experiences and accelerate the adoption of 5G-powered video applications.

Top Key Players in the Market

• Verizon Communications Inc.
• AT&T Inc.
• China Mobile Limited
• Qualcomm Incorporated
• Nokia Corporation
• Samsung Electronics Co. Ltd.
• Huawei Technologies Co. Ltd.
• Cisco Systems Inc.
• Intel Corporation
• ZTE Corporation
• SK Telecom Co. Ltd.
• Other Key Players

Recent Developments

• Sony Electronics: On February 2024, Sony Electronics launched a new portable data transmitter, the PDT-FP1, designed to utilize 5G technology to enhance the workflow for professional photographers and videographers.
• Haivision and France Télévisions: On July 2024, Haivision announced a partnership with France Télévisions to provide UHD coverage of the Paris 2024 Olympic Games’ surfing competition using Haivision’s private 5G video transmission ecosystem.
• Deutsche Telekom and Mavenir: On October 2023, Deutsche Telekom, in collaboration with Mavenir, unveiled significant advancements in 5G standalone network slicing services. These innovations include the 5G Live Video Production Service, enabling stable and high-quality broadcasting of live events without traditional satellite equipment.

Report Scope