5G Services - Global Strategic Business Report

The global market for 5G Services was valued at US$142.0 Billion in 2024 and is projected to reach US$778.6 Billion by 2030, growing at a CAGR of 32.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global 5G Services Market - Key Trends and Drivers Summarized

How Are 5G Services Different From Previous Generations?

5G services represent a dramatic shift from previous generations of mobile networks, offering capabilities that fundamentally transform how individuals and industries interact with technology. The key differences lie in speed, capacity, and latency. 5G provides download speeds up to 100 times faster than 4G, which translates into quicker data transfers, smoother video streaming, and enhanced experiences in data-heavy applications like virtual reality (VR) and augmented reality (AR). Additionally, 5G can handle far more connected devices per square kilometer than 4G, making it indispensable in environments where the number of users or IoT devices is extremely high, such as smart cities or large public events. This network’s reduced latency, or the time it takes for data to travel from one point to another, is perhaps its most game-changing feature, enabling real-time communication between devices. Whether it’s powering autonomous vehicles, facilitating remote surgeries, or enabling cloud gaming without lag, 5G services are designed to support innovations that were impossible or limited under previous mobile networks.

What Industries Are Most Impacted by 5G Services?

The introduction of 5G services is having profound effects across a wide array of industries, reshaping how they operate and driving technological advancement. In healthcare, 5G services are enabling telemedicine to reach new heights by offering stable, high-speed connections necessary for real-time remote consultations and even robotic-assisted surgeries. With its ultra-reliable low-latency communication (URLLC), healthcare providers can deliver critical care to patients in remote locations with minimal delay, improving access and outcomes. The entertainment and media sectors are also being transformed by 5G, with new possibilities in immersive content like virtual reality, augmented reality, and 8K streaming. These high-bandwidth services, which were previously constrained by 4G’s limitations, are now becoming more mainstream, offering consumers interactive experiences such as VR gaming or AR-enhanced live events. In transportation, 5G is a key enabler for the development of autonomous vehicles, smart roads, and intelligent traffic systems, which rely on real-time data exchanges to make split-second decisions that ensure safety and efficiency. Meanwhile, in the industrial sector, 5G is revolutionizing operations through smart manufacturing, allowing machines, sensors, and robots to communicate instantaneously across factory floors, optimizing production and reducing downtime.

What Challenges Face the Rollout of 5G Services?

The widespread deployment of 5G services comes with its own set of challenges, both technical and logistical. One of the most significant barriers is the extensive infrastructure required to support 5G networks, which operate on high-frequency bands that have shorter ranges than 4G signals. To maintain seamless coverage, particularly in dense urban areas, telecom providers need to install a large number of small cells, which are often difficult to deploy due to regulatory hurdles and high costs. These infrastructure challenges are further complicated by the need to ensure consistent coverage in rural or remote areas, where it may be cost-prohibitive to build the necessary infrastructure. Beyond physical deployment, another challenge is the high cost of upgrading current networks to support 5G technology, requiring telecom operators to invest heavily in new equipment, software, and spectrum licensing. Additionally, ensuring the security of 5G services is a critical concern, as the higher capacity and complexity of 5G networks increase the risk of cyberattacks. With billions of connected devices expected to rely on 5G, including those used in critical infrastructure like healthcare and transportation, maintaining the privacy and integrity of data is paramount. Lastly, there are regulatory and spectrum allocation challenges, as governments must carefully manage and allocate spectrum frequencies to ensure fair competition among telecom operators while encouraging innovation.

What Are the Key Growth Drivers for the 5G Services Market?

The growth in the 5G services market is driven by several factors, largely tied to advancements in technology, shifts in consumer behavior, and evolving industry demands. One of the primary drivers is the increasing consumer expectation for faster, more reliable mobile services. As people stream more high-definition content, use AR/VR applications, and adopt IoT devices in their homes, demand for the speed and capacity that 5G offers continues to rise. Another major factor is the growing industrial adoption of 5G, particularly in sectors like manufacturing, logistics, and healthcare. These industries are increasingly turning to automation, IoT, and artificial intelligence (AI) to enhance efficiency, and 5G is the network that supports these technologies. For instance, smart factories rely on 5G services to connect machines and sensors in real-time, improving productivity and enabling predictive maintenance. In the healthcare sector, the shift towards telehealth, coupled with remote surgeries and real-time monitoring, is accelerating the adoption of 5G services. Furthermore, the rise of smart cities, where everything from traffic lights to waste management systems is interconnected, is another key driver of 5G growth. These cities depend on fast, reliable networks to ensure that urban infrastructure functions efficiently, and 5G services provide the necessary backbone. Finally, the rollout of private 5G networks, which offer tailored, secure, and high-speed connectivity for enterprises, is creating new market opportunities. Companies in fields such as agriculture, mining, and logistics are increasingly deploying private 5G services to support mission-critical operations in environments where public networks might not suffice. With government support and investments in 5G infrastructure across various regions, the growth of the 5G services market is poised to continue expanding rapidly.

Scope of the Study

The report analyzes the 5G Services market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Communication Type (Enhanced Mobile Broadband (eMBB), Massive Machine-Type Communications (mMTC), Ultra-Reliable Low Latency Communications (URLLC)); Application (Communication & Colaboration Application, Asset Tracking Application, Industry 4.0 Application, Smart Cities Application, Smart Healthcare Application, Other Applications); End-User (Enterprise End-User, Consumer End-User).

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Enhanced Mobile Broadband (eMBB) Communication segment, which is expected to reach US$440.5 Billion by 2030 with a CAGR of a 29.7%. The Massive Machine-Type Communications (mMTC) segment is also set to grow at 32.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $38.3 Billion in 2024, and China, forecasted to grow at an impressive 31.2% CAGR to reach $116.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AT&T Inc., Bharti Airtel Limited, BT Group, China Mobile, China Telecom Corporation Limited and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global 5G Services Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global 5G Services Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global 5G Services Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 36 companies featured in this 5G Services market report include:

• AT&T Inc.
• Bharti Airtel Limited
• BT Group
• China Mobile
• China Telecom Corporation Limited
• Deutsche Telekom
• DU
• KT Corporation
• NTT Docomo
• Saudi Telecom Company
• SK Telecom
• Sprint
• Telecom Italia
• Telstra
• Verizon Communications Inc.
• Vodafone Group