Status : Published | Published On : Jan, 2024 | Report Code : VRICT5172 | Industry : ICT & Media | Available Format :
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The Global 5G Services Market is valued at USD 998.87 Billion by 2030, from USD 189.28 Billion, marking a remarkable compound annual growth rate (CAGR) of 48.21% during the forecast period from 2025 to 2030.
5G technology is the 5th generation of mobile networks. It is a global wireless standard that enables a new type of network, virtually connecting everything from people, machines, and objects to devices. 5G services deliver higher data speeds with more reliability, ultra-low latency, massive network capacity, increased availability, and a more consistent user experience. 5G services represent a unique and irreplaceable offering in the connectivity landscape. Globally, governments are playing a pivotal role in shaping the 5G landscape by enacting regulations and offering incentives to spur the adoption of 5G services. The higher performance and improved efficiency enabled by 5G services can empower new experiences and open opportunities for utilizing 5G services for new, innovative use cases across different industries.
Market Segmentation
Insight by Services Type
Based on the services, the Global 5G Services Market is segmented into professional services and managed services. Managed services segment is dominated the market with the largest share over the forecast period. The main purpose of managed services is to lowering operating and capital costs. Managed services are an essential intermediary for transforming and improving network operations and performance, as well as end-user experience, in terms of cost, quality, security, and control.
Insight by Technology Type
Based on technology, the Global 5G Services Market is segmented into Wi-Fi, high-speed package access, radio access technologies, GSM (global system for mobile communication) and others. The GSM segment dominated the segment over the forecast period. This segment is expected to grow because of its broad coverage, good voice call quality, secured connection, compatibility with data transfer between devices, support for text messaging and internet services.
Insight by Communication Type
Based on communication type, the Global 5G Services Market is classified into eMBB, MMTC, URLLC, and FWA. The eMBB segment is expected to hold the largest share of the 5G services market during the forecast period. eMBB is used in various cases such as 4K video access, virtual meetings and In-vehicle infotainment. The residential and commercial uses of eMBB provide high data speed.
Insight by End-user Type
On the basis of the End-user, the Global 5G Services Market is segmented into commercial and enterprises. The commercial segment dominates the market with the largest revenue share over the forecast period. The growing demand for faster data speeds shall contribute to the growth of the IT & telecommunication industry in commercial sector.
Report Metric |
Details |
Historical Period |
2020 - 2024 |
Base Year Considered |
2025 |
Forecast Period |
2026 - 2035 |
Market Size in 2025 |
U.S.D. 189.28 Billion |
Revenue Forecast in 2035 |
U.S.D. 998.87 Billion |
Growth Rate |
48.21% |
Segments Covered in the Report |
By Services, By Technology Type, By Communication Type and By End-User Type |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific and Japan and Rest of the World |
Industry Dynamics
Growth Drivers
The 5G edge cloud network and services market plays an essential role in enhancing and expanding the capabilities of the overall 5G services market owing to the reduced enhanced performance, better scalability and flexibility. Continued emphasis on improving energy monitoring and management, as well as gaining better control of the energy generation and distribution network, is also expected to boost market growth over the forecast period. 5G technologies can provide broadband access for public transportation systems, such as buses and high-speed trains, to provide high-speed internet in transit for information and interaction with smart mobility components. This, in turn, is expected to fuel market growth. Moreover, the strong emphasis on providing reliable and robust communication during natural disasters, such as floods, and earthquakes, is further estimated to spur the adoption of 5G services. Thus, high spectrum prices and the subsequent hike in 5G service subscription prices are expected to hinder market growth to some extent.
Restraints
The high cost associated with the 5G network mobile phone subscription is expected to limit the market growth during the forecast period. The outbreak of COVID-19 has brought a temporary halt in the spectrum auctions in countries such as the US, the UK and France. Low speed of data and lack of regulatory bodies are likely to restrain the 5G industry growth in the forecast period.
Geographic Overview
North America
Europe
Asia-Pacific and Japan
Rest of The World
Asia Pacific dominates the market with the largest market share over the forecast period. The Rising population in the region resulted in a higher number of users of 5 G services. In APAC the increasing use of cloud-based solutions such as IoT, mobility and big data analytics are also the major factors for the acceptance of the 5G services across the region. North America is expected to grow the fastest during the forecast period. The growing demand for mobile phones supports higher data speeds with the production of 5G services smartphones increases across the region.
Key Players Covered in the Report
Key market players of The Global 5G Services Market are SK Telecom Co., Ltd., Verizon Communications, Inc., T-Mobile USA, Inc., BT Group plc, Rakuten Mobile Inc., AT&T, Inc., China Mobile Ltd., Saudi Telecom Company, Vodafone Group, China Telecom Corporation Ltd.
T-Mobile has made significant investments to 5G wireless service in Virginia, enhancing coverage across nearly 32,000 square miles to cover nearly 97% of the state’s population. T-Mobile US, Inc. is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, offering the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond.
Lately, BT and Ericsson have successfully demonstrated the transmission of 5G services in a wideband FDD (frequency division duplex) radio carrier (over 20MHz) within a sub-3 GHz spectrum band. The breakthrough trial demonstrated the benefits of configuring a wide carrier bandwidth of 50MHz (50MHz downlink + 50MHz uplink) in EE’s 2.6GHz band and performing downlink aggregation with two TDD (time division duplex) carriers in EE’s 3.5GHz band.
Enabling 5G to be expanded in FDD bands is an important step in paving the way for the arrival of EE’s 5G Standalone mobile network. 5G SA will in future enable superior experiences for consumers and businesses – meeting the growing demand for data, driven by the likes of cloud gaming, VR, and emerging edge technologies.
The Global 5G Services Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Segments Covered in the Report
Regions Covered in the Report
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1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Services Type
1.2.2. By Technology Type
1.2.3. By Communication Type
1.2.4. By End-user Type
1.2.5. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Services Type
5.1.1. Professional Services and Managed Services
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.2. By Technology Type
5.2.1. Wi-Fi
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. High-Speed Package Access
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Radio Access Technologies
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.2.4. GSM
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.3 By Communication Type
5.3.1. eMBB
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. MMTC
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. URLLC
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. FWA
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.4. By End-User Type
5.4.1. Commercial and Enterprises
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Services Type
6.2. By Technology Type
6.3. By Communication Type
6.4. By End-User Type
6.5. By Country-
6.5.1. U.S. Market Estimate and Forecast
6.5.2. Canada Market Estimate and Forecast
6.5.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Services Type
7.2. By Technology Type
7.3. By Communication Type
7.4. By End-User Type
7.5. By Country-
7.5.1. Germany Market Estimate and Forecast
7.5.2. France Market Estimate and Forecast
7.5.3. U.K. Market Estimate and Forecast
7.5.4. Italy Market Estimate and Forecast
7.5.5. Spain Market Estimate and Forecast
7.5.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Services Type
8.2. By Technology Type
8.3. By Communication Type
8.4. By End-User Type
8.5. By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
8.5.1. China Market Estimate and Forecast
8.5.2. Japan Market Estimate and Forecast
8.5.3. India Market Estimate and Forecast
8.5.4. South Korea Market Estimate and Forecast
8.5.5. Singapore Market Estimate and Forecast
8.5.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Services Type
9.2. By Technology Type
9.3. By Communication Type
9.4. By End-User Type
9.5. By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
9.5.1. Brazil Market Estimate and Forecast
9.5.2. Saudi Arabia Market Estimate and Forecast
9.5.3. South Africa Market Estimate and Forecast
9.5.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. SK Telecom Co. Ltd.
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Verizon Communications Inc.
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. T-Mobile USA Inc.
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. BT Group plc
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Rakuten Mobile Inc.
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. AT&T Inc.
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. China Mobile Ltd.
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Saudi Telecom Company
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Vodafone Group
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. China Telecom Corporation Ltd.
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List Of Table
Table 1 Services Types
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global 5G Services Market Size, by Services Type, 2018-2023 (USD Billion)
Table 5 Global 5G Services Market Size, by Services Type, 2025-2030 (USD Billion)
Table 6 Global 5G Services Market Size, by Technology Type, 2018-2023 (USD Billion)
Table 7 Global 5G Services Market Size, by Technology Type, 2025-2030 (USD Billion)
Table 8 Global 5G Services Market Size, by Communication Type, 2018-2023 (USD Billion)
Table 9 Global 5G Services Market Size, by Communication Type, 2025-2030 (USD Billion)
Table 8 Global 5G Services Market Size, by End-user Type, 2018-2023 (USD Billion)
Table 9 Global 5G Services Market Size, by End-user Type, 2025-2030 (USD Billion)
Table 10 Global 5G Services Market Size, by Region, 2018-2023 (USD Billion)
Table 11 Global 5G Services Market Size, by Region, 2025-2030 (USD Billion)
Table 12 North America 5G Services Market Size, by Services Type, 2018-2023 (USD Billion)
Table 13 North America 5G Services Market Size, by Services Type, 2025-2030 (USD Billion)
Table 14 North America 5G Services Market Size, by Technology Type, 2018-2023 (USD Billion)
Table 15 North America 5G Services Market Size, by Technology Type, 2025-2030 (USD Billion)
Table 16 North America 5G Services Market Size, by Communication Type, 2018-2023 (USD Billion)
Table 17 North America 5G Services Market Size, by Communication Type, 2025-2030 (USD Billion)
Table 16 North America 5G Services Market Size, by End-user Type, 2018-2023 (USD Billion)
Table 17 North America 5G Services Market Size, by End-user Type, 2025-2030 (USD Billion)
Table 18 North America 5G Services Market Size, by Country, 2018-2023 (USD Billion)
Table 19 North America 5G Services Market Size, by Country, 2025-2030 (USD Billion)
Table 20 Europe 5G Services Market Size, by Services Type, 2018-2023 (USD Billion)
Table 21 Europe 5G Services Market Size, by Services Type, 2025-2030 (USD Billion)
Table 22 Europe 5G Services Market Size, by Technology Type, 2018-2023 (USD Billion)
Table 23 Europe 5G Services Market Size, by Technology Type, 2025-2030 (USD Billion)
Table 24 Europe 5G Services Market Size, by Communication Type, 2018-2023 (USD Billion)
Table 25 Europe 5G Services Market Size, by Communication Type, 2025-2030 (USD Billion)
Table 26 Europe 5G Services Market Size, by End-user Type, 2018-2023 (USD Billion)
Table 27 Europe 5G Services Market Size, by End-user Type, 2025-2030 (USD Billion)
Table 28 Europe 5G Services Market Size, by Country, 2018-2023 (USD Billion)
Table 29 Europe 5G Services Market Size, by Country, 2025-2030 (USD Billion)
Table 30 Asia-Pacific 5G Services Market Size, by Services Type, 2018-2023 (USD Billion)
Table 31 Asia-Pacific 5G Services Market Size, by Services Type, 2025-2030 (USD Billion)
Table 32 Asia-Pacific 5G Services Market Size, by Technology Type, 2018-2023 (USD Billion)
Table 33 Asia-Pacific 5G Services Market Size, by Technology Type, 2025-2030 (USD Billion)
Table 34 Asia-Pacific 5G Services Market Size, by Communication Type, 2018-2023 (USD Billion)
Table 35 Asia-Pacific 5G Services Market Size, by Communication Type, 2025-2030 (USD Billion)
Table 36 Asia-Pacific 5G Services Market Size, by End-user Type, 2018-2023 (USD Billion)
Table 37 Asia-Pacific 5G Services Market Size, by End-user Type, 2025-2030 (USD Billion)
Table 36 Asia-Pacific 5G Services Market Size, by Country, 2018-2023 (USD Billion)
Table 37 Asia-Pacific 5G Services Market Size, by Country, 2025-2030 (USD Billion)
Table 38 RoW 5G Services Market Size, by Services Type, 2018-2023 (USD Billion)
Table 39 RoW 5G Services Market Size, by Services Type, 2025-2030 (USD Billion)
Table 40 RoW 5G Services Market Size, by Technology Type, 2018-2023 (USD Billion)
Table 41 RoW 5G Services Market Size, by Technology Type, 2025-2030 (USD Billion)
Table 42 RoW 5G Services Market Size, by Communication Type, 2018-2023 (USD Billion)
Table 43 RoW 5G Services Market Size, by Communication Type, 2025-2030 (USD Billion)
Table 44 RoW 5G Services Market Size, by Communication Type, 2018-2023 (USD Billion)
Table 45 RoW 5G Services Market Size, by Communication Type, 2025-2030 (USD Billion)
Table 46 RoW 5G Services Market Size, by Country, 2018-2023 (USD Billion)
Table 47 RoW 5G Services Market Size, by Country, 2025-2030 (USD Billion)
Table 48 Snapshot – Siemens AG
Table 49 Snapshot – ABB Group
Table 50 Snapshot – Schneider Electric
Table 51 Snapshot – Rockwell Automation Inc.
Table 52 Snapshot – STM Microelectronics
Table 53 Snapshot – Motion Control Co.
Table 54 Snapshot – Emerson Electric Co.
Table 55 Snapshot – MKS Instruments Inc.
Table 56 Snapshot – Parker Hannifin Co.
Table 57 Snapshot – Estun Automation Co. Ltd.
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Services Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global 5G Services Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global 5G Services Market Highlight
Figure 12 Global 5G Services Market Size, by Services Type, 2018 – 2030 (USD Billion)
Figure 13 Global 5G Services Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 14 Global 5G Services Market Size, by Communication Type 2018 – 2030 (USD Billion)
Figure 15 Global 5G Services Market Size, by End-user Type 2018 – 2030 (USD Billion)
Figure 16 Global 5G Services Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 17 North America 5G Services Market Highlight
Figure 18 North America 5G Services Market Size, by Services Type, 2018 – 2030 (USD Billion)
Figure 19 North America 5G Services Market Size, by Technology Type 2018–2030 (USD Billion)
Figure 20 North America 5G Services Market Size, by Communication Type 2018–2030 (USD Billion)
Figure 21 North America 5G Services Market Size, by End-user Type 2018–2030 (USD Billion)
Figure 22 North America 5G Services Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 23 Europe 5G Services Market Highlight
Figure 24 Europe 5G Services Market Size, by Services Type, 2018 – 2030 (USD Billion)
Figure 25 Europe 5G Services Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 26 Europe 5G Services Market Size, by Communication Type 2018 – 2030 (USD Billion)
Figure 27 Europe 5G Services Market Size, by End-user Type 2018 – 2030 (USD Billion)
Figure 28 Europe 5G Services Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 29 Asia-Pacific 5G Services Market Highlight
Figure 30 Asia-Pacific 5G Services Market Size, by Services Type, 2018 – 2030 (USD Billion)
Figure 31 Asia-Pacific 5G Services Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 32 Asia-Pacific 5G Services Market Size, by Communication Type 2018 – 2030 (USD Billion)
Figure 33 Asia-Pacific 5G Services Market Size, by End-user Type 2018 – 2030 (USD Billion)
Figure 34 Asia-Pacific 5G Services Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 35 RoW 5G Services Market Highlight
Figure 36 RoW 5G Services Market Size, by Services Type, 2018 – 2030 (USD Billion)
Figure 37 RoW 5G Services Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 38 RoW 5G Services Market Size, by Communication Type 2018 – 2030 (USD Billion)
Figure 39 RoW 5G Services Market Size, by End-user Type 2018 – 2030 (USD Billion)
Figure 40 RoW 5G Services Market Size, by Country, 2018 – 2030 (USD Billion)
Global 5G Services Market Coverage
Services Type Insight and Forecast 2025-2030
Technology Type Insight and Forecast 2025-2030
Communication Type Insight and Forecast 2025-2030
End-user Type Insight and Forecast 2025-2030
Geographical Segmentation
5G Services Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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