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5G Services Market

Global 5G Services Market Size, Share, Trends, Forecast: By End User Industry: IT and Telecom, Media and Entertainment, Automotive, Energy and Utility, Aerospace and Defence, Others; Regional Analysis; Market Dynamics: SWOT Analysis: Porter’s Five Forces Analysis; Competitive Landscape: Industry Events and Developments; 2024-2032

Global 5G Services Market Outlook

The global 5G services market size attained a value of nearly USD 110.58 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 49.6%.

 

5g services market

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Asia Pacific to Account for a Significant Market Share of 5G Services During the Forecast Period

The surging adoption of new technologies coupled with enhanced mobile broadband services and surging usage of IoT are driving the market growth of 5G services in the Asia Pacific region. The 5G wireless networks tend to influence consumers as well as segments such as automobiles, manufacturing, and IoT. Additionally, operators such as China Telecom are expected to produce a strong ecosystem of cloud, AI, and 5G which is likely to bolster the market growth of 5G in the region.

 

In the era of 5G technologies, Asia Pacific is likely to be the leading 5G services market and is expected to hold half of 5G subscriptions globally over the upcoming years. Governments are supporting early adoption of 5G, and manufacturers are investing aggressively in 5G network infrastructure in countries like China, Japan, and South Korea. Going further, the growing digitalisation and rising emphasis on building partnerships through 5G system integration are expected to augment the adoption of 5G services.

 

Market Segmentation

 

5g services market by segments

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The term 5G refers to the latest fifth generation of traditional cellular networks. The 5G networks are generating transformative opportunities for consumers worldwide, including businesses and individuals, with an upgrade of speed from 4G by nearly 100 times. With 5G services, people can generate a smarter, safer, and more sustainable future.

 

The market for 5G services, by end-user Industry, is divided into:

  • IT and Telecom
  • Media and Entertainment
  • Automotive
  • Energy and Utility
  • Aerospace and Defence
  • Others

 

The EMR report looks into the regional markets of 5G services like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

 

5g services market by region

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Rising Adoption of IoT Devices to Boost the Market Demand for 5G Services

The global 5G services market is driven by the surging popularity of IoT utilisation in various sectors like oil and gas, manufacturing, transportation, logistics, energy/utilities, mining and metals, and aviation, among others. With shifting consumer preferences towards remote working patterns, and rising demand for high-speed and low latency data connectivity, the market growth of 5G services is expected to bolster across the globe during the forecast period.

 

The growing urban population along with the surging focus of industries like Telco to modernise their networks to meet consumers’ demand are anticipated to fuel the market demand for 5G services in the upcoming years. Additionally, the growing technological transformations by various industry players to advance their overall operational efficiency and productivity due to the highly competitive environment are expected to propel the global 5G services market demand.

 

The new developments and various applications of 5G services like e-health services, energy infrastructure, and smart cities, among others are further attracting more consumers. This is further expected to propel the market demand for 5G services worldwide.

 

Key Players in the Global Market for 5G Services

The report presents a detailed analysis of the following key players in the global 5G services market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Nokia Corporation
  • Huawei Technologies Co Ltd.
  • AT&T Inc.
  • Deutsche Telekom AG
  • Telefonaktiebolaget LM Ericsson
  • Vodafone Group
  • Others

 

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End User Industry
  • Region
Breakup by End User Industry
  • IT and Telecom
  • Media and Entertainment
  • Automotive
  • Energy and Utility
  • Aerospace and Defence
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nokia Corporation
  • Huawei Technologies Co Ltd.
  • AT&T Inc.
  • Deutsche Telekom AG
  • Telefonaktiebolaget LM Ericsson
  • Vodafone Group
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global 5G Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global 5G Services Historical Market (2018-2023) 
    8.3    Global 5G Services Market Forecast (2024-2032)
    8.4    Global 5G Services Market by End User Industry
        8.4.1    IT and Telecom
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Media and Entertainment
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Automotive
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Energy and Utility
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Aerospace and Defence
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global 5G Services Market by Region       
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
9    North America 5G Services Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe 5G Services Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific 5G Services Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America 5G Services Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa 5G Services Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nokia Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Huawei Technologies Co Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    AT&T Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Deutsche Telekom AG
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Telefonaktiebolaget LM Ericsson
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Vodafone Group
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global 5G Services Market: Key Industry Highlights, 2018 and 2032
2.    Global 5G Services Historical Market: Breakup by End Use (USD Million), 2018-2023
3.    Global 5G Services Market Forecast: Breakup by End Use (USD Million), 2024-2032
4.    Global 5G Services Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global 5G Services Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America 5G Services Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America 5G Services Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe 5G Services Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe 5G Services Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific 5G Services Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific 5G Services Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America 5G Services Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America 5G Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa 5G Services Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa 5G Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Global 5G Services Market Structure.

Key Questions Answered in the Report

In 2023, the global market attained a value of nearly USD 110.58 billion.

The market is assessed to grow at a CAGR of 49.6% between 2024 and 2032.

The key market trends guiding the growth of the market include the growing adoption of IoT, evolving technology, and the launch of diversified 5G services by market players.

The major market drivers are increasing working populations, growing digitalisation, rapid urbanisation, changing lifestyles, and innovative marketing strategies by branded market players.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various end-use industries that are available in the market include IT and telecom, media and entertainment, automotive, energy and utility, and aerospace and defense, among others.

The major players in the market are Nokia Corporation, Huawei Technologies Co Ltd., AT&T Inc., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, and Vodafone Group, among others.

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