5G Technology Market is estimated to increase at a growth rate of 32.5% CAGR over the forecast period from 2024 to 2030.
The global 5G Technology Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Component (Hardware, Software, Services), By Connectivity (Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low Latency Communication (URLLC), Massive Machine Type Communication (MMTC)), By Application (Automation, Monitoring & Tracking, Connected Vehicle, Smart Surveillance, VR & AR, Enhanced Video Services, Others), By End-User (Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, Others).
An Introduction to 5G Technology Market, 2024
The 5G Technology Market in 2024 represents a transformative phase in telecommunications, heralding the era of ultra-fast connectivity, low latency, and ubiquitous network coverage. As the fifth generation of wireless technology, 5G promises to revolutionize communication networks, enabling a wide range of applications across industries such as healthcare, automotive, manufacturing, entertainment, and smart cities. With unprecedented data speeds and capacity, 5G networks facilitate the seamless integration of Internet of Things (IoT) devices, augmented reality (AR), virtual reality (VR), autonomous vehicles, and mission-critical applications. The market characterized by extensive infrastructure deployment, spectrum allocation, and collaboration among telecom operators, equipment manufacturers, and technology providers to unlock the full potential of 5G connectivity. Moreover, governments and regulatory bodies play a crucial role in shaping the 5G landscape through policy frameworks, spectrum auctions, and investment incentives to accelerate network rollout and digital transformation initiatives. As businesses and consumers embrace the possibilities of 5G-enabled services and applications, the 5G technology market poised for exponential growth, driving innovation, economic development, and societal transformation on a global scale.
5G Technology Market Competitive Landscape
The global 5G Technology Market Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, 5G Technology Market Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the 5G Technology Market Industry include- Accenture Plc, Cisco Systems Inc, CommScope Holding Co. Inc, Dell Technologies Inc, Deutsche Telekom AG, Fujitsu Ltd, HCL Technologies Ltd, Huawei Technologies Co. Ltd, Intel Corp, Nokia Corp, Qualcomm Inc, Samsung Electronics Co. Ltd, Siemens AG, T Mobile US Inc, Tech Mahindra Ltd, Telefonaktiebolaget LM Ericsson, Telstra Ltd, Tietoevry, TIM S.p.A., Viavi Solutions Inc
5G Technology Market Trend: Accelerated Deployment of 5G Networks
A significant trend in the 5G technology market is the accelerated deployment of 5G networks worldwide, driven by the increasing demand for high-speed, low-latency connectivity across various industries and applications. Telecom operators, governments, and technology companies are investing heavily in rolling out 5G infrastructure to meet the growing data traffic demands, enable transformative technologies like Internet of Things (IoT), augmented reality (AR), and virtual reality (VR), and support emerging use cases such as autonomous vehicles and smart cities. This reflects a global shift towards next-generation telecommunications networks that promise faster data speeds, improved network reliability, and enhanced connectivity for consumers and businesses alike.
5G Technology Market Driver: Demand for Enhanced Mobile Broadband and Connectivity
A significant driver propelling the 5G technology market is the increasing demand for enhanced mobile broadband and connectivity solutions to support bandwidth-intensive applications, multimedia content, and IoT devices. Consumers are seeking faster download and streaming speeds, seamless connectivity, and enhanced experiences on their smartphones, tablets, and other mobile devices. Moreover, businesses are leveraging 5G technology to enable remote work, cloud computing, and real-time collaboration, driving the adoption of 5G-enabled devices and services. The need for high-speed, low-latency connectivity to support data-intensive applications and emerging technologies fueling investments in 5G infrastructure and driving market growth.
5G Technology Market Opportunity: Expansion into Vertical Industries and Use Cases
An untapped opportunity in the 5G technology market lies in the expansion into vertical industries and specialized use cases that leverage the unique capabilities of 5G networks to address specific industry needs and challenges. Industries such as healthcare, manufacturing, transportation, and entertainment present opportunities for 5G technology providers to develop customized solutions tailored to industry-specific requirements. For example, in healthcare, 5G-enabled telemedicine platforms, remote patient monitoring systems, and medical imaging applications can revolutionize healthcare delivery and patient care. Similarly, in manufacturing, 5G-powered smart factories, industrial IoT (IIoT) solutions, and real-time monitoring systems can optimize production processes, improve operational efficiency, and enable predictive maintenance. By collaborating with industry partners and developing tailored solutions, 5G technology providers can unlock new revenue streams, expand market reach, and drive innovation in vertical markets and specialized use cases.
5G Technology Market Market Segmentation
By Component
- Hardware
- Software
- Services
By Connectivity
- Enhanced Mobile Broadband (EMBB)
- Ultra-Reliable Low Latency Communication (URLLC)
- Massive Machine Type Communication (MMTC)
By Application
- Automation
- Monitoring & Tracking
- Connected Vehicle
- Smart Surveillance
- VR & AR
- Enhanced Video Services
- Others
By End-User
- Manufacturing
- Automotive
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Government
- Media & Entertainment
- Others
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 Technology Market Companies
- Accenture Plc
- Cisco Systems Inc
- CommScope Holding Co. Inc
- Dell Technologies Inc
- Deutsche Telekom AG
- Fujitsu Ltd
- HCL Technologies Ltd
- Huawei Technologies Co. Ltd
- Intel Corp
- Nokia Corp
- Qualcomm Inc
- Samsung Electronics Co. Ltd
- Siemens AG
- T Mobile US Inc
- Tech Mahindra Ltd
- Telefonaktiebolaget LM Ericsson
- Telstra Ltd
- Tietoevry
- TIM S.p.A.
- Viavi Solutions Inc
*- List not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 5G Technology 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 Technology Market Size Outlook, $ Million, 2021 to 2030
3.2 5G Technology Market Outlook by Type, $ Million, 2021 to 2030
3.3 5G Technology Market Outlook by Product, $ Million, 2021 to 2030
3.4 5G Technology Market Outlook by Application, $ Million, 2021 to 2030
3.5 5G Technology Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of 5G Technology Industry
4.2 Key Market Trends in 5G Technology Industry
4.3 Potential Opportunities in 5G Technology Industry
4.4 Key Challenges in 5G Technology Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global 5G Technology Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
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 Technology Market Outlook by Segments
7.1 5G Technology Market Outlook by Segments, $ Million, 2021- 2030
By Component
Hardware
Software
Services
By Connectivity
Enhanced Mobile Broadband (EMBB)
Ultra-Reliable Low Latency Communication (URLLC)
Massive Machine Type Communication (MMTC)
By Application
Automation
Monitoring & Tracking
Connected Vehicle
Smart Surveillance
VR & AR
Enhanced Video Services
Others
By End-User
Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Healthcare
Government
Media & Entertainment
Others
8 North America 5G Technology Market Analysis and Outlook To 2030
8.1 Introduction to North America 5G Technology Markets in 2024
8.2 North America 5G Technology 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 Technology Market size Outlook by Segments, 2021-2030
By Component
Hardware
Software
Services
By Connectivity
Enhanced Mobile Broadband (EMBB)
Ultra-Reliable Low Latency Communication (URLLC)
Massive Machine Type Communication (MMTC)
By Application
Automation
Monitoring & Tracking
Connected Vehicle
Smart Surveillance
VR & AR
Enhanced Video Services
Others
By End-User
Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Healthcare
Government
Media & Entertainment
Others
9 Europe 5G Technology Market Analysis and Outlook To 2030
9.1 Introduction to Europe 5G Technology Markets in 2024
9.2 Europe 5G Technology 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 Technology Market Size Outlook by Segments, 2021-2030
By Component
Hardware
Software
Services
By Connectivity
Enhanced Mobile Broadband (EMBB)
Ultra-Reliable Low Latency Communication (URLLC)
Massive Machine Type Communication (MMTC)
By Application
Automation
Monitoring & Tracking
Connected Vehicle
Smart Surveillance
VR & AR
Enhanced Video Services
Others
By End-User
Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Healthcare
Government
Media & Entertainment
Others
10 Asia Pacific 5G Technology Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific 5G Technology Markets in 2024
10.2 Asia Pacific 5G Technology 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 Technology Market size Outlook by Segments, 2021-2030
By Component
Hardware
Software
Services
By Connectivity
Enhanced Mobile Broadband (EMBB)
Ultra-Reliable Low Latency Communication (URLLC)
Massive Machine Type Communication (MMTC)
By Application
Automation
Monitoring & Tracking
Connected Vehicle
Smart Surveillance
VR & AR
Enhanced Video Services
Others
By End-User
Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Healthcare
Government
Media & Entertainment
Others
11 South America 5G Technology Market Analysis and Outlook To 2030
11.1 Introduction to South America 5G Technology Markets in 2024
11.2 South America 5G Technology 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 Technology Market size Outlook by Segments, 2021-2030
By Component
Hardware
Software
Services
By Connectivity
Enhanced Mobile Broadband (EMBB)
Ultra-Reliable Low Latency Communication (URLLC)
Massive Machine Type Communication (MMTC)
By Application
Automation
Monitoring & Tracking
Connected Vehicle
Smart Surveillance
VR & AR
Enhanced Video Services
Others
By End-User
Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Healthcare
Government
Media & Entertainment
Others
12 Middle East and Africa 5G Technology Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa 5G Technology Markets in 2024
12.2 Middle East and Africa 5G Technology 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 Technology Market size Outlook by Segments, 2021-2030
By Component
Hardware
Software
Services
By Connectivity
Enhanced Mobile Broadband (EMBB)
Ultra-Reliable Low Latency Communication (URLLC)
Massive Machine Type Communication (MMTC)
By Application
Automation
Monitoring & Tracking
Connected Vehicle
Smart Surveillance
VR & AR
Enhanced Video Services
Others
By End-User
Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Healthcare
Government
Media & Entertainment
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Accenture Plc
Cisco Systems Inc
CommScope Holding Co. Inc
Dell Technologies Inc
Deutsche Telekom AG
Fujitsu Ltd
HCL Technologies Ltd
Huawei Technologies Co. Ltd
Intel Corp
Nokia Corp
Qualcomm Inc
Samsung Electronics Co. Ltd
Siemens AG
T Mobile US Inc
Tech Mahindra Ltd
Telefonaktiebolaget LM Ericsson
Telstra Ltd
Tietoevry
TIM S.p.A.
Viavi Solutions Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
