Asia-Pacific 5G in BFSI Market Size, Share & Trends Analysis Report By Enterprise Size, By Data Type, By Service, By Deployment Type (Cloud-based, On-Premises, and Hybrid), By Application, By Technology, By Country and Growth Forecast, 2024 - 2031

The Asia Pacific 5G in BFSI Market is expected to witness market growth of 33.2% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific 5G in BFSI Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.17 billion by 2031. The Japan market is registering a CAGR of 32.5% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 34.1% during 2024-2031.



5G empowers financial institutions to improve operational efficiency and security. AI-driven fraud detection and risk assessment systems use 5G to analyze large datasets in real-time, preventing potential threats and improving decision-making. IoT-enabled smart ATMs with sensors rely on 5G for real-time monitoring, ensuring better cash availability and faster maintenance.

The BFSI sector increasingly relies on cloud-based solutions for scalability, security, and operational efficiency, with 5G technology significantly enhancing their performance. Core banking systems, such as those powered by Temenos, benefit from 5G’s ability to synchronize real-time data across branches and digital touchpoints, enabling faster transaction processing and improved customer experiences.

Australia’s BFSI sector is increasingly adopting 5G to enhance mobile banking and payment platforms, driven by high smartphone penetration and demand for seamless digital transactions. Financial institutions use 5G to improve transaction speeds, enable secure digital wallets, and implement blockchain-based payment solutions. The Australian government supports 5G adoption through initiatives like the 5G Innovation Initiative, which funds pilot projects to explore the technology’s potential. The Asia Pacific region is rapidly emerging as a key player in the 5G in BFSI market, driven by large-scale digitalization efforts and rising smartphone adoption. The region’s diverse economies are leveraging 5G to expand financial inclusion, enhance mobile banking services, and implement advanced technologies like AI and blockchain. The implementation of 5G technology within the BFSI sector is transforming financial inclusion in emerging economies. Consequently, with substantial governmental support and a growing usage of technology, the region is well-positioned to spearhead the global transition towards 5G-enabled financial services.

List of Key Companies Profiled

• Vodafone Group Plc
• Telefónica S.A.
• AT&T Inc.
• Verizon Communications, Inc.
• Ericsson AB
• Nokia Corporation
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Samsung Electronics Co., Ltd. (Samsung Health)
• ZTE Corporation
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)

Market Report Segmentation

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Data Type

• Real-Time Data
• Structured Data
• Unstructured Data

By Service

• Managed Services
• Consulting Services
• Professional Services

By Deployment Type

• Cloud-based
• On-Premises
• Hybrid

By Application

• Mobile Banking & Payments
• Fraud Detection & Security
• Real-Time Trading & Investment Services
• Customer Service (Chatbots, AI)
• Smart Branches & ATMs & Others

By Technology

• Mobile Connectivity
• AI & ML
• Cloud Computing
• IoT
• Blockchain
• Edge Computing
• Other Technology

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific