5G services market is anticipated to grow at a CAGR of 11.9% during the forecast period (2024-2031). 5G services refer to the suite of communication services and capabilities enabled by fifth generation (5G) wireless technology. 5G represents the latest evolution in mobile networking, offering significantly faster data speeds, lower latency, higher reliability, and increased network capacity compared to previous generations like 4G LTE.
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The demand for high-speed connectivity is experiencing unprecedented growth across industries and consumer segments globally. Businesses are increasingly reliant on fast and reliable internet access to support data-intensive applications, facilitate remote collaboration, and enable digital transformation initiatives. Moreover, the proliferation of streaming services, online gaming, and video conferencing platforms has fueled consumer demand for faster download and upload speeds, low latency, and seamless connectivity experiences. As a result, there is a pressing need for advanced telecommunications infrastructure capable of meeting these evolving connectivity requirements, driving the adoption of 5G services globally. For instance, in June 2023, Vodafone UK and Three UK announced a merger aimed at establishing a premier 5G network service in Europe, renowned for its reliability, extensive coverage, and high-speed data connectivity.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global 5G Services Market by Communication Type
- Enhanced Mobile Broadband
- Massive Machine Type Communication
- Ultra-Reliable Low-Latency Communications
Global 5G Services Market by End-User
- Banking, Financial Services, & Insurance (BFSI)
- Retail & eCommerce
- Healthcare & Life Sciences
- Manufacturing
- Telecom
- IT & ITeS
- Media & Entertainment
- Construction & Real Estate
- Government & Public Safety
- Transportation, & Logistics
- Energy & Utilities
- Education
- Other (Agriculture, Travel & Hospitality, Mining, Oil & Gas, and Sports)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Aarna Networks Inc.
- Airspan Networks
- AT&T
- Bell Canada
- BT Group
- Celona Inc.
- China Mobile International Ltd.
- China Telecom Corporation Ltd.
- China Unicom (Hong Kong) Limited
- Deutsche Telekom AG
- Dish Network L.L.C.
- Edge Q
- Etisalat
- John Mezzalingua Associates, LLC (JMA Wireless)
- KDDI Corporation
- KT Corp.
- LG U+
- Mangata Networks
- MTN Group
- NTT Docomo
- Orange
- Rakuten Group
- Roger Communications
- Saudi Telecom Company
- Swisscom
- Telefonica S.A.
- Telenor Group
- Telstra
- TELUS
- Verana Networks, Inc.
- Verizon
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global 5G services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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