Press Releases

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.

During the forecast period, 5G technology will become the global standard for wireless connectivity. It will support new varieties of networks that will virtually connect people and other devices from one part of the world to another most effectively.

So, the global 5G services market will grow significantly within this period, which can be attributed to its diverse benefits, such as high-speed data transfer, lower latency, higher reliability, higher network supportability, increased accessibility and availability, interoperability, and greater user experience.

Governments all over the world are also formulating favorable regulations to promote the use and growth of 5G technology and are even offering incentives for its higher adoption.

Browse 57 market data Tables and 40 Figures spread through 190 Pages and in-depth TOC on 5G Services By Services Type (Professional Services and Managed Services), By Technology Type (Wi-Fi, High-Speed Package Access, Radio Access Technologies, GSM (Global System for Mobile Communication) and Others), By Communication Type (eMBB, MMTC, URLLC, and FWA), By End-User Type (Commercial and Enterprises) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Forecast to 2030

Global 5G Services Market Segmentation and Key Players

By services type, managed dominate the global 5G services market.

Based on the service types, the global 5G services market is divided into professional and managed services. The latter is supposed to dominate in the forecast period due to lower operational and capital expenses.

“Asia Pacific is anticipated to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the 5G services market”

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.

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.

Recent Developments by Key Players

A cellular satellite company backed by AT&T, AST SpaceMobile has placed a satellite call over 5G, which marked the “first ever” 5G connection between an unmodified smartphone and a satellite in space. AST SpaceMobile used a Galaxy S22 to conduct the test. The call was made on September 8th, 2023 from a wireless dead zone in Maui, Hawaii, with its recipient located in Madrid, Spain. AST SpaceMobile got the cell signal to its destination by leveraging its low Earth orbit test satellite, called BlueWalker 3 (BW3), and AT&T’s 5G spectrum. The call was validated by Vodafone, Nokia, and AT&T.

Verizon (New York-based telecom giant) has developed a platform for migrating millions of customers to its next-generation networks such as fixed wireless access, 5G and cloud connectivity with minimal disruption. This platform has helped the customers and enterprises to connect faster with minimal disturbance that reduces operational costs.

Global 5G services market coverage (By Value)

• Services Type Insight and Forecast 2025-2030
  • Professional services
  • Managed services 

• Technology Type Insight and Forecast 2025-2030
  • Wi-Fi
  • High-speed package access
  • Radio access technologies
  • GSM (global system for mobile communication)
  • Others
• Communication Type Insight and Forecast 2025-2030
  • eMBB
  • MMTC
  • URLLC
  • FWA
• End-user Type Insight and Forecast 2025-2030
  • Commercial
  • Enterprises 

Geographical Segmentation

Global 5G Services Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany 
  • Spain
  • Poland
  • Hungary
  • Rest-of-Europe
• Asia-Pacific and Japan
  • China
  • Japan
  • India
  • South Korea
  • Rest-of-Asia-Pacific
• Rest-of-the-World: 
  • Middle East and Africa 
  • South America