ENG
5G Services Market: Industry Overview (2024-2030) by Communication Type, End-Users, Enterprises and, Region.
5G Services Market size was valued at US$ 112.07 Billion in 2023 and the total 5G Services revenue is expected to grow at 27.4% through 2024 to 2030, reaching nearly US$ 610.50 Billion.
Format : PDF | Report ID : SMR_316
5G Services Market Overview:
Many firms are expected to gain from the rise of 5G, both as consumers and as producers of this innovation or associated infrastructure. Providers and internet providers, for example, will be able to improve network speed, capacity, and customer satisfaction. Our research reveals that three groups component and module providers, equipment and industrial-automation companies, and production participants exceptionally well-positioned to benefit from advances in sophisticated technology of the 5th Generation.
Major IoT module manufacturers are also examining how to position certain items in the market. Both component and module makers are putting money into research and development while also looking at microcontrollers for particular applications. Suppliers are working on a variety of additional advances, including device changes that reduce device size and techniques for integrating with other modules, in addition to 5G modules.
The market's growth drivers, as well as the market's segments (Communication Type, End-Users, Enterprises and, Region), are analyzed in this research. Market participants, regions, and special requirements have all provided data. This market study provides an in-depth look at all of the important advancements that are currently taking place across all industry sectors. Statistics, infographics, and presentations are used to provide key data analysis. The analysis looks at the market's Drivers, Restraints, Opportunities, and Challenges for the 5G services market. The study aids in the evaluation of market growth drivers and the determination of how to employ these drivers as a tool. The research also aids in the correction and resolution of difficulties with the global 5G services market.
To get more Insights: Request Free Sample Report
5G Services Market Dynamics:
- The rapid transformation of the mobile broadband industry is the primary driver of the 5G Services market.
5G networks give a 1 Gbps improved internet experience, as well as a foundation for cloud and AI-enabled services. Numerous data-intensive solutions, both personal and business-to-business, are gaining traction, including augmented reality, virtual reality, and video applications. Fast bandwidth, lower power, ultra-low latency, and high speed are all service needs in industries including IT and telecommunication, commerce, medical, automobile, media and culture, Banking, and agriculture.
- The higher initial investment is a major restraint for the 5G Services market.
Massive expenditures would be required to make the shift from 4G to 5G networks. The needed output density, the annual rate of interest, and base station pricing all influence the cost of 5G infrastructure. For successful and ultra-dense tiny cell deployments, these expenses must be reduced. The dilemma for service providers in switching to 5G is to legitimize the multibillion dollars of investments in new networking devices need to convert their system to a cloud infrastructure; relocate facilities from 3G and 4G to 5G; all while safeguarding their company against the ever-increasing dangers of interruptions and hacker attacks.
- The development of an IoT ecosystem-supportive environment is the key opportunity for the 5G services market.
The increasing popularity of IoT scenarios in numerous industries that need accessibility across broad regions and the ability to handle a high number of connections has fueled demand for big IoT solutions. Massive IoT is quickly becoming a new focus for IoT connectivity technology. Massive IoT is an exciting possibility for 5G, but in the early stages of the technology, Telcom companies are still relying on existing cellular IoT standards. The enormous spread of smart IoT networks for a variety of situations is projected to be supported by 5G networks. It will also serve as a solid foundation for the mass adoption of crucial telecommunication services.
5G Services Market Segment Analysis:
By End-Users, the Enterprises segment dominated the 5G services market in 2023. This segment is expected to witness a CAGR of 12.3% in the forecast period.
The most major benefit of 5G will be its capacity to deliver the continuous connection to network infrastructures, equipment, and entities, rather than connecting individuals. 5G is expected to provide the fundamental platform for a number of new application areas, including manufacturing, transportation, and healthcare. However, the capabilities and standards needed to open up a new world of corporate services are still in the works. As a result, commercial 5G corporate applications like Industry 4.0 facilities, self-driving vehicles, and robotic surgery have already begun to be implemented. Edge computing in conjunction with 5G network processing will benefit latency-sensitive and time-sensitive implementations, e.g. an automated vehicle.
5G Services Market Regional Insights:
In 2027, Asia Pacific is expected to have the biggest 5G services market share. In terms of the use of new technology across many industries, the area is undergoing rapid transformation. The rapid deployment of 4G and 5G networks throughout Asia, particularly in Japan, South Korea, China, and India, presents tremendous prospects for the adoption of 5G services. Because of the region's large mobile customer base, businesses are becoming more aggressive and concentrating on providing superior customer service. Given its size, variety, and strategic leadership by nations such as Singapore and Japan, Malaysia the area is poised to lead 5G blockchain and 5G core technologies.
With the introduction of 5G, industrial firms are growing increasingly interested in secure networks, which meet their demanding data security needs while also delivering a high level of reliability, efficiency, and penetration. Although such networks have been around for a long time, they are most frequent in public-safety groups.
The purpose of this research is to provide stakeholders in the industry with a thorough insight into the 5G Services Market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the 5G Services Market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the 5G Services Market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Breakthroughs in the 5G Services industry are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.
5G Services Market Scope:
|
5G Services Market |
|
|
Market Size in 2023 |
USD 112.07 Bn. |
|
Market Size in 2030 |
USD 610.50 Bn. |
|
CAGR (2024-2030) |
27.4% |
|
Historic Data |
2018-2022 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2030 |
|
Segment Scope |
By Communication Type
|
|
By End-Users
|
|
|
By Enterprises
|
|
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
5G Services Market Players:
- AT&T (US)
- China Mobile (China)
- SK Telecom (South Korea)
- Verizon (US)
- BT Group (UK)
- Deutsche Telekom (Germany)
- T-Mobile (US)
- China Telecom (China)
- Orange S.A (France)
- Vodafone (UK)
- China Unicom (China)
- Telstra (Australia)
- Telefonica (Spain)
- KT (South Korea)
- Rogers (Canada)
- Bell Canada(Canada)
Frequently Asked Questions
The rapid transformation of the mobile broadband industry is the primary driver of the 5G Services market.
The key players are Verizon, Vodafone, etc.
the Enterprises segment dominated the market in 2023. This segment is expected to witness a CAGR of 12.3% in the forecast period.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global 5G Services Market: Target Audience
2.3. Global 5G Services Market: Primary Research (As per Client Requirement)
2.4. Global 5G Services Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1. Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2. Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.1. North America Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.1.1. USA Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2. Europe Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.1. UK Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.2. France Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.1. China Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.2. India Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.4. South America Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Communication Type, By Value, 2023-2030 (In %)
4.1.3. Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.1. North America Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.1.1. USA Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.1.2. Canada Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.1.3. Mexico Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2. Europe Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.1. UK Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.2. France Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.3. Germany Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.4. Italy Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.5. Spain Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.6. Sweden Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.7. Austria Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.2.8. Rest of Europe Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3. Asia Pacific Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.1. China Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.2. India Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.3. Japan Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.4. South Korea Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.5. Australia Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.6. ASEAN Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.3.7. Rest of APAC Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.4. South America Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.4.1. Brazil Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.4.2. Argentina Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.4.3. Rest of South America Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.5. Middle East and Africa Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.5.1. South Africa Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.5.2. GCC Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.5.3. Egypt Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.5.4. Nigeria Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.3.5.5. Rest of Middle East and Africa Market Share Analysis, By Enterprises, By Value, 2023-2030 (In %)
4.1.4. Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.1. North America Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.1.1. USA Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.1.2. Canada Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2. Europe Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.1. UK Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.2. France Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.3. Germany Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.4. Italy Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.5. Spain Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.7. Austria Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.1. China Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.2. India Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.3. Japan Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.5. Australia Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.4. South America Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.5.2. GCC Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By End-Users, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking By Communication Type, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global 5G Services Market Segmentation: By Communication Type
5.1. Global 5G Services Market, By Communication Type, Overview/Analysis, 2023-2030
5.2. Global 5G Services Market, By Communication Type, By Value, Market Share (%), 2023-2030 (USD Billion)
5.3. Global 5G Services Market, By Communication Type, By Value, -
5.3.1. FWA
5.3.2. eMBB
5.3.3. URLLC
5.3.4. MMTC
Chapter 6 Global 5G Services Market Segmentation: By Enterprises
6.1. Global 5G Services Market, By Enterprises, Overview/Analysis, 2023-2030
6.2. Global 5G Services Market Size, By Enterprises, By Value, Market Share (%), 2023-2030 (USD Billion)
6.3. Global 5G Services Market, By Enterprises, By Value, -
6.3.1. Manufacturing
6.3.2. Energy and Utilities
6.3.3. Media and Entertainment
6.3.4. Government
6.3.5. Transportation and Logistics
6.3.6. Healthcare
6.3.7. Others
Chapter 7 Global 5G Services Market Segmentation: By End-Users
7.1. Global 5G Services Market, By End-Users, Overview/Analysis, 2023-2030
7.2. Global 5G Services Market Size, By End-Users, By Value, Market Share (%), 2023-2030 (USD Billion)
7.3. Global 5G Services Market, By End-Users, By Value, -
7.3.1. Consumers
7.3.2. Enterprises
Chapter 8 Global 5G Services Market Segmentation: By Region
8.1. Global 5G Services Market, By Region – North America
8.1.1. North America 5G Services Market Size, By Communication Type, By Value, 2023-2030 (USD Billion)
8.1.2. North America 5G Services Market Size, By Enterprises, By Value, 2023-2030 (USD Billion)
8.1.3. North America 5G Services Market Size, By End-Users, By Value, 2023-2030 (USD Billion)
8.1.4. By Country – U.S.
8.1.4.1. U.S. 5G Services Market Size, By Communication Type, By Value, 2023-2030 (USD Billion)
8.1.4.2. U.S. 5G Services Market Size, By Enterprises, By Value, 2023-2030 (USD Billion)
8.1.4.3. U.S. 5G Services Market Size, By End-Users, By Value, 2023-2030 (USD Billion)
8.1.4.4. Canada 5G Services Market Size, By Value, 2023-2030 (USD Billion)
8.1.4.5. Mexico 5G Services Market Size, By Value, 2023-2030 (USD Billion)
8.2. Europe 5G Services Market Size, By Value, 2023-2030 (USD Billion)
8.2.1. UK
8.2.2. France
8.2.3. Germany
8.2.4. Italy
8.2.5. Spain
8.2.6. Sweden
8.2.7. Austria
8.2.8. Rest of Europe
8.3. Asia Pacific 5G Services Market Size, By Value, 2023-2030 (USD Billion)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.3.6. ASEAN
8.3.7. Rest of APAC
8.4. Middle East and Africa 5G Services Market Size, By Value, 2023-2030 (USD Billion)
8.4.1. South Africa
8.4.2. GCC
8.4.3. Egypt
8.4.4. Nigeria
8.4.5. Rest of Middle East and Africa
8.5. South America 5G Services Market Size, By Value, 2023-2030 (USD Billion)
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
Chapter 9 Company Profiles
9.1. Key Players
9.1.1. AT&T (US)
9.1.1.1. Company Overview
9.1.1.2. Tube Portfolio
9.1.1.3. Financial Overview
9.1.1.4. Business Strategy
9.1.1.5. Key Developments
9.1.2. China Mobile (China)
9.1.3. SK Telecom (South Korea)
9.1.4. Verizon (US)
9.1.5. BT Group (UK)
9.1.6. Deutsche Telekom (Germany)
9.1.7. T-Mobile (US)
9.1.8. China Telecom (China)
9.1.9. Orange S.A (France)
9.1.10.Vodafone (UK)
9.1.11.China Unicom (China)
9.1.12.Telstra (Australia)
9.1.13.Telefonica (Spain)
9.1.14.KT (South Korea)
9.1.15.Rogers (Canada)
9.1.16.Bell Canada(Canada)
9.2. Key Findings
9.3. Recommendations
