5G Services Market Share, Size, and Outlook by 2031
5G Services Market: Strategic Insights
5G Services Market
-
CAGR (2023 - 2031)57.4% -
Market Size 2023
US$ 86.22 Billion -
Market Size 2031
US$ 3,244.40 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Number of 5G Subscribers
- Rising Government Initiatives to Promote Deployment of 5G
FUTURE TRENDS
- Standalone 5G Network Infrastructure
OPPORTUNITIES
- Increase in Adoption of IoT Devices
- Digital Transformation
Key Players
- Verizon Communications Inc
- Huawei Technologies Co Ltd
- Telefonaktiebolaget LM Ericsson
- Nokia Corp
- Samsung Electronics Co Ltd
- ZTE Cop
- Vodafone Group Plc
- Orange SA
- Deutsche Telekom AG
- and China Mobile Limited
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Enhanced Mobile Broadband
- Massive Machine-Type Communications
- Ultra-Reliable Low Latency
- Fixed Wireless Access
End User
- Enterprises
- Consumers