5G Services Market Key Findings, Size, and Share by 2031
The 5G services market size is expected to reach US$ 3,244.40 billion by 2031 from US$ 86.22 billion in 2023. The market is estimated to record a CAGR of 57.4% during 2023–2031. Standalone 5G network infrastructure is likely to remain a key market trend.
5G Services Market Analysis
A completely mobile and connected environment is made possible by 5G wireless mobile services, which offer customers a variety of business models and use cases. The user experience is further improved by utilizing 5G services for various applications, such as seamless video calling, ultra-high definition (UHD) videos, and virtual reality (VR) and augmented reality (AR) gaming. The 5G technology offers faster data speeds and extremely low latency. The rising need for high-speed data connectivity for unified Internet of Things (IoT) applications is anticipated to propel the adoption of 5G services. Further, the increased emphasis on forming alliances between telecom operators and 5G system integration providers is likely to contribute to the utilization of 5G services in the coming years. Several industry verticals are focusing on technological advancements to increase total productivity and operational efficiency to highlight their presence in a highly competitive market. Over the next few years, 5G networks and services will be gradually implemented to meet the growing demand for mobile and internet-enabled devices.
5G Services Market Overview
5G is the fifth generation of wireless technology designed to boost the speed and responsiveness of wireless networks significantly. 5G provides benefits, such as high frequencies and bandwidth, enhanced mobile broadband, a lower latency of 5ms, and higher data rates. There is a rising demand for advanced network services for efficient and real-time communication across industries and consumers. The increase in investments by regional government bodies and communication service providers (CSPs) enhances the development and deployment of 5G services across developed and developing countries. According to Groupe Speciale Mobile Association (GSMA), there will be over 1.1 billion 5G network subscribers across the globe by 2025. Major 5G network solution providers include Verizon, AT&T, Huawei, Cisco Systems, Ericsson, and Nokia. Also, Sprint, AT&T, Verizon, and other numerous major carriers are currently in the process of expanding their 5G networks. T-Mobile has been focusing on low- and midband 5G, while Verizon concentrates on mmWave implementation.
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5G Services Market: Strategic Insights
Market Size Value in US$ 86.22 billion in 2022 Market Size Value by US$ 3,244.40 billion by 2030 Growth rate CAGR of 57.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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5G Services Market: Strategic Insights
| Market Size Value in | US$ 86.22 billion in 2022 |
| Market Size Value by | US$ 3,244.40 billion by 2030 |
| Growth rate | CAGR of 57.4% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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5G Services Market Drivers and Opportunities
Increasing Number of 5G Subscribers
Ultra-low latency network, quicker internet, and broader device support are a few characteristics of 5G contributing to Industry 4.0, smart cities, driverless cars, and other innovations that improve the quality of life. 5G adoption is still growing despite ongoing economic difficulties and geopolitical upheaval in certain areas. Service providers continue to deploy 5G across the globe. According to the Ericsson mobility report, ~280 service providers worldwide have already introduced 5G services for sale, and over 40 have installed or introduced 5G standalone (SA) as of 2023. Enhanced mobile broadband (eMBB) is the most popular 5G service offered to customers by the service providers. The uptake of 5G subscriptions continues to be strong worldwide. According to GSMA Intelligence, consumers' 5G connections surpassed 1 billion at the end of 2022. Moreover, as per the estimates from the Global Mobile Suppliers Association (GSA), there were 1.15 billion 5G users at the end of 2022—a surge of ~90% annually on 619 million users in 2021. In addition, according to data from SellCell, there were almost 951 million 5G users worldwide in 2022; however, predictions for 2023 showed 50% increase, reaching 1.48 billion users. After debuting in several major cities worldwide, 5G technology is rapidly expanding. The increasing number of 5G subscribers fuels the need for 5G services such as design and network consulting, planning, deployment and integration, network optimization, and 5G service quality management, propelling the growth of the 5G services market
Increase in Adoption of IoT Devices
The Internet of Things (IoT) devices are being adopted across various industries worldwide. The IoT ecosystem relies heavily on reliable and efficient connectivity to enable seamless communication and data exchange between devices. 5G networks are well-suited to cater to this demand, offering secure and dedicated connectivity for IoT devices. By providing a robust and high-performance network infrastructure, 5G services enable organizations to harness the potential of IoT technology effectively. 5G is a powerful enabling technology that opens up new use cases that will utilize edge computing to improve the effectiveness and efficiency of the Internet of Things. The convergence of edge computing and 5G can open up new avenues for innovation and applications across various industries. For instance, IBM and Verizon are developing potential 5G and edge solutions such as remote-controlled robotics, near real-time video analysis, and factory-floor automation. 5G enables more effortless connectivity of various sensors in buildings and large facilities, opening up new possibilities for occupancy control, energy efficiency, and visitor experience. Thus, the growing adoption of IoT devices is expected to provide lucrative opportunities for the 5G services market growth during the forecast period.
5G Services Market Report Segmentation Analysis
Key segments that contributed to the derivation of the 5G services market analysis are type, end user, and geography.
- Based on type, the 5G services market is segmented into enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), ultra-reliable low latency (uRLLC), and fixed wireless access (FWA). The enhanced mobile broadband (eMBB) segment held the largest share of the market in 2023.
- Based on end users, the 5G services market is bifurcated into enterprises and consumers. The enterprise segment is subsegmented into IT & telecom, manufacturing, healthcare, BFSI, retail & e-commerce, and others. The enterprises segment dominated the market in 2023.
5G Services Market Share Analysis by Geography
The 5G services market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
Asia Pacific dominated the global 5G services market share in 2023. Asia Pacific is an early adopter of 5G, especially South Korea, Taiwan, Japan, and China. South Korea, Australia, and China are the first few countries worldwide to launch commercial 5G services. For instance, South Korea deployed the first 5G network in April 2019; it is expected to record a rise in technology penetration, with ~60% of total mobile subscriptions for 5G networks by 2025.
5G Services Market Report Scope
5G Services Market News and Recent Developments
The 5G services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 5G services market are listed below:
- Midea, AIS, China Unicom, and Huawei have jointly implemented the first 5G fully connected factory in Southeast Asia, setting a new standard for smart manufacturing in the region. This collaboration marks a new milestone in the 5G era, enhancing efficiency, safety, and automation in complex production processes. Harnessing the comprehensive 5G network coverage of the Midea Industrial Park in Chonburi and a 5G+ industrial Internet platform, each production phase is seamlessly connected through 5G terminals to enable faster machine operation. A dedicated 5G private network has been deployed to support factory operation requirements and leverage intelligent industry applications, which facilitates manufacturing scenarios and interconnects each production line.
(Source: Huawei, Press Release, May 2024)
- Ericsson hosted an exclusive event at the Ericsson USA 5G Smart Factory in Lewisville, Texas. The company provided a tour of the facility and hosted programming to reveal the inner workings of the 5G Smart Factory. The tour was attended by key customers, US Government officials, and media and industry analysts. In addition, Ericsson's leadership discussed new developments in connectivity as demand for innovation continues to accelerate rapidly to meet the critical need for national 5G infrastructure.
(Source: Ericsson, Press Release, May 2024)
5G Services Market Report Coverage and Deliverables
The "5G Services Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- 5G services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- 5G services market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- 5G services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 5G services market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The 5G services market is expected to reach US$ 3,244.40 billion by 2031.
The Increasing number of 5G subscribers and rising government initiatives to promote deployment of 5G are the major driving factors for the 5G services market.
The 5G services market was estimated to be valued at US$ 86.22 billion in 2023 and is projected to reach US$ 3,244.40 billion by 2031; it is anticipated to grow at a CAGR of 57.4% over the forecast period.
The key players holding majority shares in the 5G services market include Huawei Technologies Co Ltd, Telefonaktiebolaget LM Ericsson, Samsung Electronics Co Ltd, Nokia Corp, and ZTE Corp.
Standalone 5G network infrastructure is expected to drive the growth of the 5G services market in the coming years.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. 5G Services Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. 5G Services Market – Key Market Dynamics
5.1 5G Services Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Number of 5G Subscribers
5.2.2 Rising Government Initiatives to Promote Deployment of 5G
5.3 Market Restraints
5.3.1 High Initial Cost
5.4 Market Opportunities
5.4.1 Increase in Adoption of IoT Devices
5.4.2 Digital Transformation
5.5 Trends
5.5.1 Standalone 5G Network Infrastructure
5.6 Impact of Drivers and Restraints:
6. 5G Services Market – Global Market Analysis
6.1 5G Services Market Revenue (US$ Million), 2021–2031
6.2 5G Services Market Forecast Analysis
7. 5G Services Market Analysis – by Type
7.1 Enhanced Mobile Broadband (eMBB)
7.1.1 Overview
7.1.2 Enhanced Mobile Broadband (eMBB): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Massive Machine-Type Communications (mMTC)
7.2.1 Overview
7.2.2 Massive Machine-Type Communications (mMTC): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Ultra-Reliable Low Latency (uRLLC)
7.3.1 Overview
7.3.2 Ultra-Reliable Low Latency (uRLLC): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Fixed Wireless Access (FWA)
7.4.1 Overview
7.4.2 Fixed Wireless Access (FWA): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8. 5G Services Market Analysis – by End User
8.1 Enterprises
8.1.1 Overview
8.1.2 Enterprises: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.1.3 IT and Telecom
8.1.3.1 Overview
8.1.3.2 IT and Telecom: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.1.4 Manufacturing
8.1.4.1 Overview
8.1.4.2 Manufacturing: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.1.5 Healthcare
8.1.5.1 Overview
8.1.5.2 Healthcare: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.1.6 BFSI
8.1.6.1 Overview
8.1.6.2 BFSI: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.1.7 Retail & Ecommerce
8.1.7.1 Overview
8.1.7.2 Retail & Ecommerce: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.1.8 Others
8.1.8.1 Overview
8.1.8.2 Others: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Consumers
8.2.1 Overview
8.2.2 Consumers: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9. 5G Services Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America 5G Services Market Overview
9.2.2 North America: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: 5G Services Market Breakdown, by Type
9.2.3.1 North America: 5G Services Market – Revenue and Forecast Analysis – by Type
9.2.4 North America: 5G Services Market Breakdown, by End User
9.2.4.1 North America: 5G Services Market – Revenue and Forecast Analysis – by End User
9.2.5 North America: 5G Services Market Breakdown, by Enterprises
9.2.5.1 North America: 5G Services Market – Revenue and Forecast Analysis – by Enterprises
9.2.6 North America: 5G Services Market – Revenue and Forecast Analysis – by Country
9.2.6.1 North America: 5G Services Market – Revenue and Forecast Analysis – by Country
9.2.6.2 United States: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.2.1 United States: 5G Services Market Breakdown, by Type
9.2.6.2.2 United States: 5G Services Market Breakdown, by End User
9.2.6.2.3 United States: 5G Services Market Breakdown, by Enterprises
9.2.6.3 Canada: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 Canada: 5G Services Market Breakdown, by Type
9.2.6.3.2 Canada: 5G Services Market Breakdown, by End User
9.2.6.3.3 Canada: 5G Services Market Breakdown, by Enterprises
9.2.6.4 Mexico: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Mexico: 5G Services Market Breakdown, by Type
9.2.6.4.2 Mexico: 5G Services Market Breakdown, by End User
9.2.6.4.3 Mexico: 5G Services Market Breakdown, by Enterprises
9.3 Europe
9.3.1 Europe 5G Services Market Overview
9.3.2 Europe: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: 5G Services Market Breakdown, by Type
9.3.3.1 Europe: 5G Services Market – Revenue and Forecast Analysis – by Type
9.3.4 Europe: 5G Services Market Breakdown, by End User
9.3.4.1 Europe: 5G Services Market – Revenue and Forecast Analysis – by End User
9.3.5 Europe: 5G Services Market Breakdown, by Enterprises
9.3.5.1 Europe: 5G Services Market – Revenue and Forecast Analysis – by Enterprises
9.3.6 Europe: 5G Services Market – Revenue and Forecast Analysis – by Country
9.3.6.1 Europe: 5G Services Market – Revenue and Forecast Analysis – by Country
9.3.6.2 Germany: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.2.1 Germany: 5G Services Market Breakdown, by Type
9.3.6.2.2 Germany: 5G Services Market Breakdown, by End User
9.3.6.2.3 Germany: 5G Services Market Breakdown, by Enterprises
9.3.6.3 United Kingdom: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 United Kingdom: 5G Services Market Breakdown, by Type
9.3.6.3.2 United Kingdom: 5G Services Market Breakdown, by End User
9.3.6.3.3 United Kingdom: 5G Services Market Breakdown, by Enterprises
9.3.6.4 France: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 France: 5G Services Market Breakdown, by Type
9.3.6.4.2 France: 5G Services Market Breakdown, by End User
9.3.6.4.3 France: 5G Services Market Breakdown, by Enterprises
9.3.6.5 Italy: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 Italy: 5G Services Market Breakdown, by Type
9.3.6.5.2 Italy: 5G Services Market Breakdown, by End User
9.3.6.5.3 Italy: 5G Services Market Breakdown, by Enterprises
9.3.6.6 Russia: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 Russia: 5G Services Market Breakdown, by Type
9.3.6.6.2 Russia: 5G Services Market Breakdown, by End User
9.3.6.6.3 Russia: 5G Services Market Breakdown, by Enterprises
9.3.6.7 Rest of Europe: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Rest of Europe: 5G Services Market Breakdown, by Type
9.3.6.7.2 Rest of Europe: 5G Services Market Breakdown, by End User
9.3.6.7.3 Rest of Europe: 5G Services Market Breakdown, by Enterprises
9.4 Asia Pacific
9.4.1 Asia Pacific 5G Services Market Overview
9.4.2 Asia Pacific: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: 5G Services Market Breakdown, by Type
9.4.3.1 Asia Pacific: 5G Services Market – Revenue and Forecast Analysis – by Type
9.4.4 Asia Pacific: 5G Services Market Breakdown, by End User
9.4.4.1 Asia Pacific: 5G Services Market – Revenue and Forecast Analysis – by End User
9.4.5 Asia Pacific: 5G Services Market Breakdown, by Enterprises
9.4.5.1 Asia Pacific: 5G Services Market – Revenue and Forecast Analysis – by Enterprises
9.4.6 Asia Pacific: 5G Services Market – Revenue and Forecast Analysis – by Country
9.4.6.1 Asia Pacific: 5G Services Market – Revenue and Forecast Analysis – by Country
9.4.6.2 China: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.2.1 China: 5G Services Market Breakdown, by Type
9.4.6.2.2 China: 5G Services Market Breakdown, by End User
9.4.6.2.3 China: 5G Services Market Breakdown, by Enterprises
9.4.6.3 Japan: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 Japan: 5G Services Market Breakdown, by Type
9.4.6.3.2 Japan: 5G Services Market Breakdown, by End User
9.4.6.3.3 Japan: 5G Services Market Breakdown, by Enterprises
9.4.6.4 South Korea: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 South Korea: 5G Services Market Breakdown, by Type
9.4.6.4.2 South Korea: 5G Services Market Breakdown, by End User
9.4.6.4.3 South Korea: 5G Services Market Breakdown, by Enterprises
9.4.6.5 India: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 India: 5G Services Market Breakdown, by Type
9.4.6.5.2 India: 5G Services Market Breakdown, by End User
9.4.6.5.3 India: 5G Services Market Breakdown, by Enterprises
9.4.6.6 Australia: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 Australia: 5G Services Market Breakdown, by Type
9.4.6.6.2 Australia: 5G Services Market Breakdown, by End User
9.4.6.6.3 Australia: 5G Services Market Breakdown, by Enterprises
9.4.6.7 Rest of APAC: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 Rest of APAC: 5G Services Market Breakdown, by Type
9.4.6.7.2 Rest of APAC: 5G Services Market Breakdown, by End User
9.4.6.7.3 Rest of APAC: 5G Services Market Breakdown, by Enterprises
9.5 Middle East and Africa
9.5.1 Middle East and Africa 5G Services Market Overview
9.5.2 Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: 5G Services Market Breakdown, by Type
9.5.3.1 Middle East and Africa: 5G Services Market – Revenue and Forecast Analysis – by Type
9.5.4 Middle East and Africa: 5G Services Market Breakdown, by End User
9.5.4.1 Middle East and Africa: 5G Services Market – Revenue and Forecast Analysis – by End User
9.5.5 Middle East and Africa: 5G Services Market Breakdown, by Enterprises
9.5.5.1 Middle East and Africa: 5G Services Market – Revenue and Forecast Analysis – by Enterprises
9.5.6 Middle East and Africa: 5G Services Market – Revenue and Forecast Analysis – by Country
9.5.6.1 Middle East and Africa: 5G Services Market – Revenue and Forecast Analysis – by Country
9.5.6.2 Saudi Arabia: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.2.1 Saudi Arabia: 5G Services Market Breakdown, by Type
9.5.6.2.2 Saudi Arabia: 5G Services Market Breakdown, by End User
9.5.6.2.3 Saudi Arabia: 5G Services Market Breakdown, by Enterprises
9.5.6.3 United Arab Emirates: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 United Arab Emirates: 5G Services Market Breakdown, by Type
9.5.6.3.2 United Arab Emirates: 5G Services Market Breakdown, by End User
9.5.6.3.3 United Arab Emirates: 5G Services Market Breakdown, by Enterprises
9.5.6.4 South Africa: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 South Africa: 5G Services Market Breakdown, by Type
9.5.6.4.2 South Africa: 5G Services Market Breakdown, by End User
9.5.6.4.3 South Africa: 5G Services Market Breakdown, by Enterprises
9.5.6.5 Rest of Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 Rest of Middle East and Africa: 5G Services Market Breakdown, by Type
9.5.6.5.2 Rest of Middle East and Africa: 5G Services Market Breakdown, by End User
9.5.6.5.3 Rest of Middle East and Africa: 5G Services Market Breakdown, by Enterprises
9.6 South and Central America
9.6.1 South and Central America 5G Services Market Overview
9.6.2 South and Central America: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: 5G Services Market Breakdown, by Type
9.6.3.1 South and Central America: 5G Services Market – Revenue and Forecast Analysis – by Type
9.6.4 South and Central America: 5G Services Market Breakdown, by End User
9.6.4.1 South and Central America: 5G Services Market – Revenue and Forecast Analysis – by End User
9.6.5 South and Central America: 5G Services Market Breakdown, by Enterprises
9.6.5.1 South and Central America: 5G Services Market – Revenue and Forecast Analysis – by Enterprises
9.6.6 South and Central America: 5G Services Market – Revenue and Forecast Analysis – by Country
9.6.6.1 South and Central America: 5G Services Market – Revenue and Forecast Analysis – by Country
9.6.6.2 Brazil: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.2.1 Brazil: 5G Services Market Breakdown, by Type
9.6.6.2.2 Brazil: 5G Services Market Breakdown, by End User
9.6.6.2.3 Brazil: 5G Services Market Breakdown, by Enterprises
9.6.6.3 Argentina: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Argentina: 5G Services Market Breakdown, by Type
9.6.6.3.2 Argentina: 5G Services Market Breakdown, by End User
9.6.6.3.3 Argentina: 5G Services Market Breakdown, by Enterprises
9.6.6.4 Rest of South and Central America: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Rest of South and Central America: 5G Services Market Breakdown, by Type
9.6.6.4.2 Rest of South and Central America: 5G Services Market Breakdown, by End User
9.6.6.4.3 Rest of South and Central America: 5G Services Market Breakdown, by Enterprises
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Expansion
11.5 Partnerships and Collaboration
12. Company Profiles
12.1 Verizon Communications Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Huawei Technologies Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Telefonaktiebolaget LM Ericsson
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nokia Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Samsung Electronics Co Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZTE Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Vodafone Group Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Orange SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Deutsche Telekom AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 China Mobile Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About The Insight Partners
List of Tables
Table 1. 5G Services Market Segmentation
Table 2. List of Vendors
Table 3. Number of 5G Subscriptions Worldwide from 2019 to 2025
Table 4. 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. 5G Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. 5G Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. North America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 8. North America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 9. North America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 10. North America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. United States: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 12. United States: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 13. United States: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 14. Canada: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 15. Canada: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 16. Canada: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 17. Mexico: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 18. Mexico: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 19. Mexico: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 20. Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 21. Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 22. Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 23. Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 24. Germany: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 25. Germany: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 26. Germany: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 27. United Kingdom: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 28. United Kingdom: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 29. United Kingdom: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 30. France: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 31. France: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 32. France: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 33. Italy: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 34. Italy: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 35. Italy: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 36. Russia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 37. Russia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 38. Russia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 39. Rest of Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 40. Rest of Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 41. Rest of Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 42. Asia Pacific: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 43. Asia Pacific: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 44. Asia Pacific: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 45. Asia Pacific: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. China: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 47. China: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 48. China: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 49. Japan: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 50. Japan: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 51. Japan: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 52. South Korea: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 53. South Korea: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 54. South Korea: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 55. India: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 56. India: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 57. India: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 58. Australia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 59. Australia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 60. Australia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 61. Rest of APAC: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 62. Rest of APAC: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 63. Rest of APAC: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 64. Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 65. Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 66. Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 67. Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. Saudi Arabia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 69. Saudi Arabia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 70. Saudi Arabia: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 71. United Arab Emirates: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 72. United Arab Emirates: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 73. United Arab Emirates: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 74. South Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 75. South Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 76. South Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 77. Rest of Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 78. Rest of Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 79. Rest of Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 80. South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 81. South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 82. South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 83. South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 84. Brazil: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 85. Brazil: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 86. Brazil: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 87. Argentina: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 88. Argentina: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 89. Argentina: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 90. Rest of South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 91. Rest of South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 92. Rest of South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprises
Table 93. Company Positioning & Concentration
Table 94. List of Abbreviation
List of Figures
Figure 1. 5G Services Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. 5G Services Market– Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. 5G Services Market Revenue (US$ Million), 2021–2031
Figure 6. 5G Services Market Share (%) – by Type (2023 and 2031)
Figure 7. Enhanced Mobile Broadband (eMBB): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Massive Machine-Type Communications (mMTC): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Ultra-Reliable Low Latency (uRLLC): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Fixed Wireless Access (FWA): 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. 5G Services Market Share (%) – by End User (2023 and 2031)
Figure 12. Enterprises: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. IT and Telecom: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Manufacturing: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Healthcare: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. BFSI: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Retail & Ecommerce: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Others: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Consumers: 5G Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. 5G Services Market Breakdown by Region, 2023 and 2031 (%)
Figure 21. North America: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. North America: 5G Services Market Breakdown, by Type (2023 and 2031)
Figure 23. North America: 5G Services Market Breakdown, by End User (2023 and 2031)
Figure 24. North America: 5G Services Market Breakdown, by Enterprises (2023 and 2031)
Figure 25. North America: 5G Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. United States: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Canada: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Mexico: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Europe: 5G Services Market Breakdown, by Type (2023 and 2031)
Figure 31. Europe: 5G Services Market Breakdown, by End User (2023 and 2031)
Figure 32. Europe: 5G Services Market Breakdown, by Enterprises (2023 and 2031)
Figure 33. Europe: 5G Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 34. Germany: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. United Kingdom: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. France: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Italy: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Russia: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Rest of Europe: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Asia Pacific: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Asia Pacific: 5G Services Market Breakdown, by Type (2023 and 2031)
Figure 42. Asia Pacific: 5G Services Market Breakdown, by End User (2023 and 2031)
Figure 43. Asia Pacific: 5G Services Market Breakdown, by Enterprises (2023 and 2031)
Figure 44. Asia Pacific: 5G Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 45. China: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Japan: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. South Korea: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. India: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Australia: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. Rest of APAC: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. Middle East and Africa: 5G Services Market Breakdown, by Type (2023 and 2031)
Figure 53. Middle East and Africa: 5G Services Market Breakdown, by End User (2023 and 2031)
Figure 54. Middle East and Africa: 5G Services Market Breakdown, by Enterprises (2023 and 2031)
Figure 55. Middle East and Africa: 5G Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 56. United Arab Emirates: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. South Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 58. Rest of Middle East and Africa: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 60. South and Central America: 5G Services Market Breakdown, by Type (2023 and 2031)
Figure 61. South and Central America: 5G Services Market Breakdown, by End User (2023 and 2031)
Figure 62. South and Central America: 5G Services Market Breakdown, by Enterprises (2023 and 2031)
Figure 63. South and Central America: 5G Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 64. Brazil: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 65. Argentina: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 66. Rest of South and Central America: 5G Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 67. Heat Map Analysis by Key Players
The List of Companies - 5G Services Market
- Huawei Technologies Co., Ltd.
- Telefonaktiebolaget LM Ericsson
- Nokia
- Deutsche Telekom AG
- Orange S.A.
- Verizon Communications Inc.
- AT and T Inc.
- Vodafone Group Plc
- ZTE Corporation
- China Mobile Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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