5G Services Market Size, Share, Trends, Growth Outlook

5G Services Market is estimated to increase at a growth rate of 51.8% CAGR over the forecast period from 2024 to 2030.

The 5G Services Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low-Latency Communications(uRLLC), Massive Machine-By TypeCommunications(mMTC)), By End-User (Consumer, Enterprises).

 

An Introduction to 5G Services Market in 2024

The 5G Services market is witnessing rapid growth in 2024, driven by the commercialization of fifth-generation (5G) wireless networks and the proliferation of high-speed, low-latency connectivity enabling transformative use cases across industries such as telecommunications, manufacturing, and healthcare. 5G services encompass a wide range of applications including enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), and ultra-reliable low-latency communications (URLLC), supporting bandwidth-intensive applications and IoT deployments. Market dynamics are driven by factors such as the demand for high-definition video streaming, augmented reality, and remote telemedicine, alongside government initiatives promoting 5G infrastructure investment and digital inclusion. Moreover, collaborations between telecom operators, technology vendors, and vertical industries further drive innovation and market competitiveness in 5G services and applications.

 

5G Services Market Trend: Integration of 5G with Emerging Technologies

A significant trend in the 5G services market is the integration of 5G networks with emerging technologies such as edge computing, artificial intelligence (AI), Internet of Things (IoT), and virtual reality (VR). This integration facilitates the development of innovative applications and services that leverage the high-speed, low-latency connectivity of 5G networks to deliver immersive experiences, real-time analytics, and enhanced digital capabilities. Industries across sectors are exploring the transformative potential of 5G-enabled solutions, driving demand for comprehensive 5G services that support advanced use cases and business models.

5G Services Market Driver: Demand for High-Speed Connectivity and Enhanced Network Performance

A key driver fueling the 5G services market is the increasing demand for high-speed connectivity and enhanced network performance to support the growing volume of data traffic, IoT devices, and bandwidth-intensive applications. As consumer and enterprise requirements evolve, there is a need for faster download/upload speeds, reduced latency, and improved network reliability to enable seamless streaming, gaming, video conferencing, remote working, and IoT connectivity. 5G technology addresses these demands by offering significantly higher data rates, greater capacity, and ultra-low latency, driving the adoption of 5G services by telecom operators, enterprises, and consumers.

5G Services Market Opportunity: Expansion of 5G Services in Vertical Industries

An opportunity within the 5G services market lies in the expansion of 5G services in vertical industries such as healthcare, manufacturing, automotive, smart cities, and entertainment. 5G networks enable industry-specific use cases and digital transformation initiatives by providing reliable, high-speed connectivity for mission-critical applications, IoT deployments, and real-time data analytics. By tailoring 5G services to the unique requirements of vertical sectors, service providers can unlock new revenue streams, address industry-specific challenges, and drive innovation across diverse domains, fostering collaboration and partnerships to capitalize on the full potential of 5G technology.
 

5G Services Market Segmentation

By Type

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable and Low-Latency Communications(uRLLC)
• Massive Machine-By TypeCommunications(mMTC)

 

By End-User

• Consumer
• Enterprises

-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

Geographical Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
   

5G Services Market Companies

• AT&T Inc
• Bharti Airtel Ltd
• British Telecommunications plc
• China Mobile Ltd
• China Telecom Corp Ltd
• Deutsche Telekom AG
• KT Corp
• NTT DOCOMO
• Rakuten Mobile Inc
• Saudi Telecom Company
• SK Telecom Co. Ltd
• T-Mobile USA Inc
• Verizon Communications Inc
• Vodafone Group Plc

 

Reasons to Buy the 5G Services Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the 5G Services Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the 5G Services Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 5G Services Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global 5G Services Market Size Outlook, $ Million, 2021 to 2030
3.2 5G Services Market Outlook by Type, $ Million, 2021 to 2030
3.3 5G Services Market Outlook by Product, $ Million, 2021 to 2030
3.4 5G Services Market Outlook by Application, $ Million, 2021 to 2030
3.5 5G Services Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of 5G Services Market Industry
4.2 Key Market Trends in 5G Services Market Industry
4.3 Potential Opportunities in 5G Services Market Industry
4.4 Key Challenges in 5G Services Market Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global 5G Services Market Share by Company (%), 2023
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global 5G Services Market Outlook By Segments
7.1 5G Services Market Outlook by Segments
By Type
Fixed Wireless Access (FWA)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable and Low-Latency Communications(uRLLC)
Massive Machine-By TypeCommunications(mMTC)
By End-User
Consumer
Enterprises
-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

8 North America 5G Services Market Analysis And Outlook To 2030
8.1 Introduction to North America 5G Services Markets in 2024
8.2 North America 5G Services Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America 5G Services Market size Outlook by Segments, 2021-2030
By Type
Fixed Wireless Access (FWA)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable and Low-Latency Communications(uRLLC)
Massive Machine-By TypeCommunications(mMTC)
By End-User
Consumer
Enterprises
-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

9 Europe 5G Services Market Analysis And Outlook To 2030
9.1 Introduction to Europe 5G Services Markets in 2024
9.2 Europe 5G Services Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe 5G Services Market Size Outlook By Segments, 2021-2030
By Type
Fixed Wireless Access (FWA)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable and Low-Latency Communications(uRLLC)
Massive Machine-By TypeCommunications(mMTC)
By End-User
Consumer
Enterprises
-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

10 Asia Pacific 5G Services Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific 5G Services Markets in 2024
10.2 Asia Pacific 5G Services Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific 5G Services Market size Outlook by Segments, 2021-2030
By Type
Fixed Wireless Access (FWA)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable and Low-Latency Communications(uRLLC)
Massive Machine-By TypeCommunications(mMTC)
By End-User
Consumer
Enterprises
-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

11 South America 5G Services Market Analysis And Outlook To 2030
11.1 Introduction to South America 5G Services Markets in 2024
11.2 South America 5G Services Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America 5G Services Market size Outlook by Segments, 2021-2030
By Type
Fixed Wireless Access (FWA)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable and Low-Latency Communications(uRLLC)
Massive Machine-By TypeCommunications(mMTC)
By End-User
Consumer
Enterprises
-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

12 Middle East And Africa 5G Services Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa 5G Services Markets in 2024
12.2 Middle East and Africa 5G Services Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa 5G Services Market size Outlook by Segments, 2021-2030
By Type
Fixed Wireless Access (FWA)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable and Low-Latency Communications(uRLLC)
Massive Machine-By TypeCommunications(mMTC)
By End-User
Consumer
Enterprises
-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AT&T Inc
Bharti Airtel Ltd
British Telecommunications plc
China Mobile Ltd
China Telecom Corp Ltd
Deutsche Telekom AG
KT Corp
NTT DOCOMO
Rakuten Mobile Inc
Saudi Telecom Company
SK Telecom Co. Ltd
T-Mobile USA Inc
Verizon Communications Inc
Vodafone Group Plc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

5G Services Market Segmentation

By Type

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable and Low-Latency Communications(uRLLC)
• Massive Machine-By TypeCommunications(mMTC)

 

By End-User

• Consumer
• Enterprises

-Manufacturing
-Public Safety
-Healthcare & Social Work
-Media & Entertainment
-Energy & Utility
-IT & Telecom
-Transportation & Logistics
-Aerospace & Defense
-BFSI
-Government
-Retail
-Mining
-Oil & Gas
-Agriculture
-Construction
-Real Estate

Geographical Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)