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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%.
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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.
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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:
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.
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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.
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:
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.
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:
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Breakup by End User Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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.
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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