5G Services Market

5G Services Market Study by FWA 5G Services, eMBB 5G Services, mMTC 5G Services, and uRLLC 5G Services from 2024 to 2034

Analysis of 5G Services Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

5G Services Market Outlook (2024 to 2034)

The global 5G services market is set to reach a valuation of US$ 100.9 billion in 2024 and further increase at a CAGR of 45% to end up at US$ 4,146.3 billion by the year 2034.

5G services refer to the suite of telecommunications services and capabilities enabled by fifth-generation (5G) wireless technology. Unlike its predecessors, 5G offers significantly faster data speeds, lower latency, and high network capacity. These features open up new possibilities for a wide range of services across various industries. FWA (Fixed Wireless Access) 5G Services, eMBB (Enhanced Mobile Broadband) 5G Services, mMTC (Massive Machine-Type Communications) 5G Services, and uRLLC (Ultra-Reliable Low Latency Communications) 5G Services are some of the communication types.

Extensive deployment of advanced communication and technology infrastructure is greatly elevating the 5G services market growth. With extensive reliance on the virtual space, the need for deploying advanced 5G infrastructure is becoming of paramount importance. The increasing frequency of migration of business operations to the cloud and other virtual spaces is prompting investments in robust connectivity platforms. Furthermore, as business requirements become increasingly disparate, enterprises are attempting to unify the same, impelling the need for 5G infrastructure.

North America is known for being at the forefront of technological innovation. There is a strong demand for cutting-edge technologies, and 5G is perceived as a transformative technology that can revolutionize various industries. Some of the industries in North America, including healthcare, automotive, manufacturing, and entertainment, see 5G as a catalyst for innovation and efficiency. The potential applications of 5G in sectors such as smart manufacturing, telemedicine, and autonomous vehicles are contributing to its service demand.

  • North America is projected to hold 31.5% of the global 5G services market share by 2034.
  • The East Asian 5G services market size is calculated at US$ 23.7 billion for 2024.
Report Attributes Details
5G Services Market Size (2024E) US$ 100.9 Billion
Forecasted Market Value (2034F) US$ 4,146.3 Billion
Global Market Growth Rate (2024 to 2034) 45% CAGR
South Korea Market Value (2034F) US$ 249 Billion
Demand Growth for mMTC 5G Services (2024 to 2034) 45.5% CAGR
Key Companies Profiled
  • China Telecom Corporation Ltd.
  • Vodafone Group
  • BT Group Plc.
  • Deutsche Telekom AG
  • Saudi Telecom Company
  • Rakuten Mobile Inc.
  • SK Telecom Co., Ltd.
  • T-Mobile USA, Inc.
  • Verizon Communications, Inc.
  • Bharti Airtel Ltd.
  • China Mobile Ltd.
  • AT&T, Inc.
  • KT Corp.
  • NTT Docomo

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What are the Key 5G Services Market Trends?

“Combination of 5G with Edge Computing Set to Unlock New Possibilities for Innovation, Automation, and Real-Time Decision-Making”

The introduction of 5G with edge computing is a significant and growing trend in the field of telecommunications and data processing. This convergence brings together the capabilities of two transformative technologies, enhancing the efficiency and performance of various applications. This paradigm shift in data processing aligns seamlessly with the capabilities of 5G core networks, which are characterized by high data speeds, increased capacity, and ultra-low latency.

One of the primary advantages of integrating 5G with edge computing is the ability to achieve faster data processing closer to the source of information. Traditionally, data processing occurred on centralized cloud servers, leading to delays in transmitting and receiving information. With edge computing, computing resources are distributed at the edge of the network, allowing data to be processed locally. This decentralized approach minimizes the distance data needs to travel, resulting in significantly reduced latency and quicker response times.

Relevance of this integration is particularly evident in applications that demand low latency, such as those involving Internet of Things (IoT) devices, autonomous vehicles, and augmented reality (AR). In the context of IoT, where vast amounts of data are generated by interconnected devices, the combination of 5G and edge computing enables real-time analytics and decision-making. This is crucial for applications such as industrial automation, smart city systems, and healthcare monitoring, where immediate responses to data are essential.

Which Challenges are Encountered By 5G Service Providers?

“Financial Burden Associated with Building and Upgrading 5G Infrastructure”

The deployment and upgrading of 5G infrastructure is expected to pose a substantial financial challenge for service providers, requiring a significant capital investment to meet the demands of this advanced technology. Unlike previous generations of wireless technology, 5G infrastructure demands a more intricate network architecture, necessitating the installation of additional components such as small cells, fiber optic networks, and other essential elements. This increased complexity and the need for extensive infrastructure development contribute to the overall high cost of establishing and enhancing 5G networks.

Additionally, procurement and implementation of other necessary components, such as advanced radio equipment, base stations, and specialized antennas compatible with 5G frequencies, further contribute to the capital-intensive nature of 5G infrastructure development. These components are crucial for enabling the unique features of 5G, including massive connectivity, ultra-reliable low-latency communication, and enhanced mobile broadband.

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How Can New Companies Establish a Strong Foothold in This Dynamic Industry?

“Focus on Differentiated Service Offerings to Earn High Revenues”

New companies will find success by focusing on differentiated service offerings that address specific market needs or niches. This may involve tailoring 5G solutions to particular industries, such as healthcare, manufacturing, or smart cities, where customized applications and services can create value for clients. By understanding and addressing specific pain points within these sectors, new companies can carve out a niche and attract clients seeking specialized 5G solutions.

Celona and WasteHero are some of the emerging startups in the 5G services industry. Celona is a key startup in the 5G services market focusing on offering cellular technology to amplify businesses. Through this, the company is maximizing the use of 5G services.

Country-wise Analysis

Which Aspects are Boosting 5G Services Sales in the United States?

“High Consumer Demand for Fast Connectivity Solutions”

Attribute United States
Market Value (2024E) US$ 14.8 Billion
Growth Rate (2024 to 2034) 44.7% CAGR
Projected Value (2034F) US$ 595.6 Billion

The United States is experiencing robust consumer demand for advanced mobile and internet services. The increasing reliance on smartphones, smart homes, and connected devices is fuelling the demand for high-speed, low-latency connectivity provided by 5G services.

Will Industrial Digitization Drive Demand for 5G Services in Germany?

“IoT and Smart Manufacturing Increasing Adoption of 5G Networks”

Germany, known for its strong industrial base, is driving 5G adoption to support Industry 4.0 initiatives. The integration of 5G in manufacturing processes, logistics, and automation is a key driver for companies seeking to enhance production efficiency.

Focus on IoT and smart manufacturing solutions is further propelling 5G adoption in Germany. The need for reliable, high-speed connectivity for machine-to-machine communication and the deployment of IoT sensors is a driving force in the business sector.

Why is Japan a Key Market for 5G Service Providers?

“Early Adopter of Advanced Technologies”

Attribute Japan
Market Value (2024E) US$ 6.9 Billion
Growth Rate (2024 to 2034) 46.7% CAGR
Projected Value (2034F) US$ 316.9 Billion

Japan has a history of early technology adoption, and 5G is no exception. The tech-savvy population and businesses actively seek the benefits of 5G, fostering a culture of early adoption and driving sales across consumer and business segments.

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Category-wise Analysis

Which Communication Type is Widely Preferred?

“Ultra-Fast Data Speeds and Enhanced Capacity and Bandwidth of eMBB 5G Services”

Attribute eMBB 5G Services
Segment Value (2024E) US$ 58.5 Billion
Growth Rate (2024 to 2034) 44.5% CAGR
Projected Value (2034F) US$ 2,321.9 Billion

eMBB 5G services are designed to provide ultra-fast data speeds, significantly surpassing the capabilities of previous generations. With download speeds reaching gigabit-per-second levels, users experience unparalleled speed and responsiveness, making activities like high-definition video streaming, online gaming, and large file downloads exceptionally smooth and fast.

5G eMBB services offer enhanced capacity and bandwidth, enabling networks to handle a significantly larger number of simultaneous connections without compromising speed or performance. This increased capacity addresses the growing demand for data-intensive applications and the proliferation of connected devices in the era of the Internet of Things (IoT).

Why is Adoption of 5G Services High in the Manufacturing Sector?

“Smart Manufacturing Initiatives Fuelling Need for 5G Services”

Attribute Manufacturing
Segment Value (2024E) US$ 22.2 Billion
Growth Rate (2024 to 2034) 43.6% CAGR
Projected Value (2034F) US$ 829.3 Billion

5G offers ultra-low latency, providing real-time communication capabilities crucial for manufacturing processes. This is particularly beneficial for applications such as industrial automation, where minimal delays in data transmission are essential for precise control of machinery and equipment.

5G is a foundational technology for the realization of Industry 4.0 and smart manufacturing initiatives. The manufacturing sector relies heavily on the Internet of Things (IoT) for process optimization, predictive maintenance, and monitoring. 5G's ability to connect a massive number of IoT devices simultaneously ensures comprehensive and accurate data collection from sensors and smart devices deployed across the manufacturing facility.

Competitive Landscape

Key players in the 5G services industry are adopting various strategies to expand their global reach and secure the forefront position in the market. Methods such as acquisition, partnership, and collaboration are aiding them to strengthen their position in the global space.

  • In 2021, T-Mobile with Ericsson and Nokia signed an agreement to deliver 5G technologies across various countries. It was a multi-billion dollar agreement.

Key Segments of 5G Services Market Research

  • By Vertical :

    • Mining
    • Public Safety
    • IT and Telecom
    • Healthcare & Social Work
    • Agriculture
    • Manufacturing
    • Aerospace & Defense
    • Government
    • Real Estate
    • Retail
    • Transportation & Logistics
    • BFSI
    • Oil & Gas
    • Construction
  • By Communication Type :

    • FWA 5G Services
    • eMBB 5G Services
    • mMTC 5G Services
    • uRLLC 5G Services
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points

    4.1. Global Market (US$ Mn)

    4.2. Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Global Market Growth

        4.5.3. Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking

6. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2034

    6.1. Historical Market Analysis, 2019-2023

    6.2. Current and Future Market Projections, 2024-2034

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2019-2023 and Forecast, 2024-2034

    7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023

    7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2034

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Communication Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Communication Type, 2019-2023

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Communication Type, 2024-2034

        8.3.1. FWA

        8.3.2. eMBB

        8.3.3. uRLLC

        8.3.4. mMTC

    8.4. Market Attractiveness Analysis By Communication Type

9. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Vertical

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Vertical, 2019-2023

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Vertical, 2024-2034

        9.3.1. Manufacturing

        9.3.2. Public Safety

        9.3.3. Healthcare & Social Work

        9.3.4. Media & Entertainment

        9.3.5. Energy & Utility

        9.3.6. IT & Telecom

        9.3.7. Transportation & Logistics

        9.3.8. Aerosapce & Defense

        9.3.9. BFSI

        9.3.10. Government

        9.3.11. Retail

        9.3.12. Mining

        9.3.13. Oil & Gas

        9.3.14. Agriculture

        9.3.15. Construction

        9.3.16. Real Estate

    9.4. Market Attractiveness Analysis By Vertical

10. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023

    10.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2034

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. Asia Pacific

        10.3.5. Middle East and Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2019-2023 and Forecast 2024-2034

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023

    11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034

        11.4.1. By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

            11.4.1.3. Rest of North America

        11.4.2. By Communication Type

        11.4.3. By Vertical

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Communication Type

        11.5.3. By Vertical

12. Latin America Market Analysis 2019-2023 and Forecast 2024-2034

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023

    12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Rest of Latin America

        12.4.2. By Communication Type

        12.4.3. By Vertical

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Communication Type

        12.5.3. By Vertical

13. Europe Market Analysis 2019-2023 and Forecast 2024-2034

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023

    13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034

        13.4.1. By Country

            13.4.1.1. Germany

            13.4.1.2. France

            13.4.1.3. U.K.

            13.4.1.4. Italy

            13.4.1.5. Benelux

            13.4.1.6. Nordic Countries

            13.4.1.7. Rest of Europe

        13.4.2. By Communication Type

        13.4.3. By Vertical

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Communication Type

        13.5.3. By Vertical

14. Asia Pacific Market Analysis 2019-2023 and Forecast 2024-2034

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023

    14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034

        14.4.1. By Country

            14.4.1.1. China

            14.4.1.2. Japan

            14.4.1.3. South Korea

            14.4.1.4. Rest of Asia Paific

        14.4.2. By Communication Type

        14.4.3. By Vertical

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Communication Type

        14.5.3. By Vertical

15. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2034

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023

    15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034

        15.4.1. By Country

            15.4.1.1. GCC Countries

            15.4.1.2. South Africa

            15.4.1.3. Turkey

            15.4.1.4. Rest of Middle East and Africa

        15.4.2. By Communication Type

        15.4.3. By Vertical

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Communication Type

        15.5.3. By Vertical

16. Key Countries Market Analysis 2019-2023 and Forecast 2024-2034

    16.1. Introduction

        16.1.1. Market Value Proportion Analysis, By Key Countries

        16.1.2. Global Vs. Country Growth Comparison

    16.2. US Market Analysis

        16.2.1. Value Proportion Analysis by Market Taxonomy

        16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.2.2.1. By Communication Type

            16.2.2.2. By Vertical

    16.3. Canada Market Analysis

        16.3.1. Value Proportion Analysis by Market Taxonomy

        16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.3.2.1. By Communication Type

            16.3.2.2. By Vertical

    16.4. Mexico Market Analysis

        16.4.1. Value Proportion Analysis by Market Taxonomy

        16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.4.2.1. By Communication Type

            16.4.2.2. By Vertical

    16.5. Brazil Market Analysis

        16.5.1. Value Proportion Analysis by Market Taxonomy

        16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.5.2.1. By Communication Type

            16.5.2.2. By Vertical

    16.6. Germany Market Analysis

        16.6.1. Value Proportion Analysis by Market Taxonomy

        16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.6.2.1. By Communication Type

            16.6.2.2. By Vertical

    16.7. France Market Analysis

        16.7.1. Value Proportion Analysis by Market Taxonomy

        16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.7.2.1. By Communication Type

            16.7.2.2. By Vertical

    16.8. Italy Market Analysis

        16.8.1. Value Proportion Analysis by Market Taxonomy

        16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.8.2.1. By Communication Type

            16.8.2.2. By Vertical

    16.9. BENELUX Market Analysis

        16.9.1. Value Proportion Analysis by Market Taxonomy

        16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.9.2.1. By Communication Type

            16.9.2.2. By Vertical

    16.10. UK Market Analysis

        16.10.1. Value Proportion Analysis by Market Taxonomy

        16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.10.2.1. By Communication Type

            16.10.2.2. By Vertical

    16.11. Nordic Countries Market Analysis

        16.11.1. Value Proportion Analysis by Market Taxonomy

        16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.11.2.1. By Communication Type

            16.11.2.2. By Vertical

    16.12. China Market Analysis

        16.12.1. Value Proportion Analysis by Market Taxonomy

        16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.12.2.1. By Communication Type

            16.12.2.2. By Vertical

    16.13. Japan Market Analysis

        16.13.1. Value Proportion Analysis by Market Taxonomy

        16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.13.2.1. By Communication Type

            16.13.2.2. By Vertical

    16.14. South Korea Market Analysis

        16.14.1. Value Proportion Analysis by Market Taxonomy

        16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.14.2.1. By Communication Type

            16.14.2.2. By Vertical

    16.15. GCC Countries Market Analysis

        16.15.1. Value Proportion Analysis by Market Taxonomy

        16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.15.2.1. By Communication Type

            16.15.2.2. By Vertical

    16.16. South Africa Market Analysis

        16.16.1. Value Proportion Analysis by Market Taxonomy

        16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.16.2.1. By Communication Type

            16.16.2.2. By Vertical

    16.17. Turkey Market Analysis

        16.17.1. Value Proportion Analysis by Market Taxonomy

        16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2019-2034

            16.17.2.1. By Communication Type

            16.17.2.2. By Vertical

        16.17.3. Competition Landscape and Player Concentration in the Country

17. Market Structure Analysis

    17.1. Market Analysis by Tier of Companies

    17.2. Market Concentration

    17.3. Market Share Analysis of Top Players

    17.4. Market Presence Analysis

        17.4.1. By Regional footprint of Players

        17.4.2. Product footprint by Players

18. Competition Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Competition Deep Dive

        18.3.1. AT&T

            18.3.1.1. Overview

            18.3.1.2. Product Portfolio

            18.3.1.3. Sales Footprint

            18.3.1.4. Strategy Overview

        18.3.2. BT Group plc

            18.3.2.1. Overview

            18.3.2.2. Product Portfolio

            18.3.2.3. Sales Footprint

            18.3.2.4. Strategy Overview

        18.3.3. Bharti Airtel Ltd.

            18.3.3.1. Overview

            18.3.3.2. Product Portfolio

            18.3.3.3. Sales Footprint

            18.3.3.4. Strategy Overview

        18.3.4. China Telecom Corporation Ltd.

            18.3.4.1. Overview

            18.3.4.2. Product Portfolio

            18.3.4.3. Sales Footprint

            18.3.4.4. Strategy Overview

        18.3.5. NTT Docomo Inc.

            18.3.5.1. Overview

            18.3.5.2. Product Portfolio

            18.3.5.3. Sales Footprint

            18.3.5.4. Strategy Overview

        18.3.6. KT Corporation

            18.3.6.1. Overview

            18.3.6.2. Product Portfolio

            18.3.6.3. Sales Footprint

            18.3.6.4. Strategy Overview

        18.3.7. Saudi Telecom Company

            18.3.7.1. Overview

            18.3.7.2. Product Portfolio

            18.3.7.3. Sales Footprint

            18.3.7.4. Strategy Overview

        18.3.8. Deutsche Telekom AG

            18.3.8.1. Overview

            18.3.8.2. Product Portfolio

            18.3.8.3. Sales Footprint

            18.3.8.4. Strategy Overview

        18.3.9. SK Telecom

            18.3.9.1. Overview

            18.3.9.2. Product Portfolio

            18.3.9.3. Sales Footprint

            18.3.9.4. Strategy Overview

        18.3.10. Verizon Communications Inc.

            18.3.10.1. Overview

            18.3.10.2. Product Portfolio

            18.3.10.3. Sales Footprint

            18.3.10.4. Strategy Overview

19. Assumptions and Acronyms Used

20. Research Methodology

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List Of Table

Table 01: Global Market Value (US$ Mn), By Communication Type, 2019-2023

Table 02: Global Market Value (US$ Mn), By Communication Type, 2024-2034

Table 03: Global Market Value (US$ Mn), By Vertical, 2019-2023

Table 04: Global Market Value (US$ Mn), By Vertical, 2024-2034

Table 05: Global Market, By Region, 2019-2023

Table 06: Global Market, By Region, 2024-2034

Table 07: North America Market Value (US$ Mn), By Communication Type, 2019-2023

Table 08: North America Market Value (US$ Mn), By Communication Type, 2024-2034

Table 09: North America Market Value (US$ Mn), By Vertical, 2019-2023

Table 10: North America Market Value (US$ Mn), By Vertical, 2024-2034

Table 11: North America Market, By Country, 2019-2023

Table 12: North America Market, By Country, 2024-2034

Table 13: Latin America Market Value (US$ Mn), By Communication Type, 2019-2023

Table 14: Latin America Market Value (US$ Mn), By Communication Type, 2024-2034

Table 15: Latin America Market Value (US$ Mn), By Vertical, 2019-2023

Table 16: Latin America Market Value (US$ Mn), By Vertical, 2024-2034

Table 17: Latin America Market, By Country, 2019-2023

Table 18: Latin America Market, By Country, 2024-2034

Table 19: Europe Market Value (US$ Mn), By Communication Type, 2019-2023

Table 20: Europe Market Value (US$ Mn), By Communication Type, 2024-2034

Table 21: Europe Market Value (US$ Mn), By Vertical, 2019-2023

Table 22: Europe Market Value (US$ Mn), By Vertical, 2024-2034

Table 23: Europe Market, By Country, 2019-2023

Table 24: Europe Market, By Country, 2024-2034

Table 25: Asia Pacific Market Value (US$ Mn), By Communication Type, 2019-2023

Table 26: Asia Pacific Market Value (US$ Mn), By Communication Type, 2024-2034

Table 27: Asia Pacific Market Value (US$ Mn), By Vertical, 2019-2023

Table 28: Asia Pacific Market Value (US$ Mn), By Vertical, 2024-2034

Table 29: Asia Pacific Market, By Country, 2019-2023

Table 30: Asia Pacific Market, By Country, 2024-2034

Table 31: MEA Market Value (US$ Mn), By Communication Type, 2019-2023

Table 32: MEA Market Value (US$ Mn), By Communication Type, 2024-2034

Table 33: MEA Market Value (US$ Mn), By Vertical, 2019-2023

Table 34: MEA Market Value (US$ Mn), By Vertical, 2024-2034

Table 35: MEA Market, By Country, 2019-2023

Table 36: MEA Market, By Country, 2024-2034

Table 37: Global Market Incremental $ Opportunity, By Communication Type, 2019-2023

Table 38: Global Market Incremental $ Opportunity, By Vertical, 2024-2034

Table 39: Global Market Incremental $ Opportunity, By Region, 2024-2034

Table 40: North America Market Incremental $ Opportunity, By Communication Type, 2019-2023

Table 41: North America Market Incremental $ Opportunity, By Vertical, 2024-2034

Table 42: North America Market Incremental $ Opportunity, By Country, 2024-2034

Table 43: Latin America Market Incremental $ Opportunity, By Communication Type, 2019-2023

Table 44: Latin America Market Incremental $ Opportunity, By Vertical, 2024-2034

Table 45: Latin America Market Incremental $ Opportunity, By Country, 2024-2034

Table 46: Europe Market Incremental $ Opportunity, By Communication Type, 2019-2023

Table 47: Europe Market Incremental $ Opportunity, By Vertical, 2024-2034

Table 48: Europe Market Incremental $ Opportunity, By Country, 2024-2034

Table 49: Asia Pacific Market Incremental $ Opportunity, By Communication Type, 2019-2023

Table 50: Asia Pacific Market Incremental $ Opportunity, By Vertical, 2024-2034

Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2024-2034

Table 52: MEA Market Incremental $ Opportunity, By Communication Type, 2019-2023

Table 53: MEA Market Incremental $ Opportunity, By Vertical, 2024-2034

Table 54: MEA Market Incremental $ Opportunity, By Country, 2024-2034

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List Of Figures

Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2019-2034

Figure 02: Global Market Absolute $ Historical Gain (2019-2023) and Opportunity (2024-2034), US$ Mn

Figure 03: Global Market Share, By Communication Type, 2024 & 2034

Figure 04: Global Market Y-o-Y Growth Projections, By Communication Type – 2024-2034

Figure 05: Global Market Attractiveness Index, By Communication Type – 2024-2034

Figure 06: Global Market Share, By Vertical, 2024 & 2034

Figure 07: Global Market Y-o-Y Growth Projections, By Vertical – 2024-2034

Figure 08: Global Market Attractiveness Index, By Vertical – 2024-2034

Figure 09: Global Market Share, By Region, 2024 & 2034

Figure 10: Global Market Y-o-Y Growth Projections, By Region – 2024-2034

Figure 11: Global Market Attractiveness Index, By Region – 2024-2034

Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2019-2034

Figure 13: North America Market Absolute $ Opportunity Historical (2019-2023) and Forecast Period (2024-2034), US$ Mn

Figure 14: North America Market Share, By Communication Type, 2024 & 2034

Figure 15: North America Market Y-o-Y Growth Projections, By Communication Type – 2024-2034

Figure 16: North America Market Attractiveness Index, By Communication Type – 2024-2034

Figure 17: North America Market Share, By Vertical, 2024 & 2034

Figure 18: North America Market Y-o-Y Growth Projections, By Vertical – 2024-2034

Figure 19: North America Market Attractiveness Index, By Vertical – 2024-2034

Figure 20: North America Market Share, By Country, 2024 & 2034

Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 22: North America Market Attractiveness Index, By Country – 2024-2034

Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2019-2034

Figure 24: Latin America Market Absolute $ Opportunity Historical (2019-2023) and Forecast Period (2024-2034), US$ Mn

Figure 25: Latin America Market Share, By Communication Type, 2024 & 2034

Figure 26: Latin America Market Y-o-Y Growth Projections, By Communication Type – 2024-2034

Figure 27: Latin America Market Attractiveness Index, By Communication Type – 2024-2034

Figure 28: Latin America Market Share, By Vertical, 2024 & 2034

Figure 29: Latin America Market Y-o-Y Growth Projections, By Vertical – 2024-2034

Figure 30: Latin America Market Attractiveness Index, By Vertical – 2024-2034

Figure 31: Latin America Market Share, By Country, 2024 & 2034

Figure 32: Latin America Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 33: Latin America Market Attractiveness Index, By Country – 2024-2034

Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2019-2034

Figure 35: Europe Market Absolute $ Opportunity Historical (2019-2023) and Forecast Period (2024-2034), US$ Mn

Figure 36: Europe Market Share, By Communication Type, 2024 & 2034

Figure 37: Europe Market Y-o-Y Growth Projections, By Communication Type – 2024-2034

Figure 38: Europe Market Attractiveness Index, By Communication Type – 2024-2034

Figure 39: Europe Market Share, By Vertical, 2024 & 2034

Figure 40: Europe Market Y-o-Y Growth Projections, By Vertical – 2024-2034

Figure 41: Europe Market Attractiveness Index, By Vertical – 2024-2034

Figure 42: Europe Market Share, By Country, 2024 & 2034

Figure 43: Europe Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 44: Europe Market Attractiveness Index, By Country – 2024-2034

Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2019-2034

Figure 46: MEA Market Absolute $ Opportunity Historical (2019-2023) and Forecast Period (2024-2034), US$ Mn

Figure 47: MEA Market Share, By Communication Type, 2024 & 2034

Figure 48: MEA Market Y-o-Y Growth Projections, By Communication Type – 2024-2034

Figure 49: MEA Market Attractiveness Index, By Communication Type – 2024-2034

Figure 50: MEA Market Share, By Vertical, 2024 & 2034

Figure 51: MEA Market Y-o-Y Growth Projections, By Vertical – 2024-2034

Figure 52: MEA Market Attractiveness Index, By Vertical – 2024-2034

Figure 53: MEA Market Share, By Country, 2024 & 2034

Figure 54: MEA Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 55: MEA Market Attractiveness Index, By Country – 2024-2034

Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2019-2034

Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2019-2023) and Forecast Period (2024-2034), US$ Mn

Figure 58: Asia Pacific Market Share, By Communication Type, 2024 & 2034

Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Communication Type – 2024-2034

Figure 60: Asia Pacific Market Attractiveness Index, By Communication Type – 2024-2034

Figure 61: Asia Pacific Market Share, By Vertical, 2024 & 2034

Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Vertical – 2024-2034

Figure 63: Asia Pacific Market Attractiveness Index, By Vertical – 2024-2034

Figure 64: Asia Pacific Market Share, By Country, 2024 & 2034

Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 66: Asia Pacific Market Attractiveness Index, By Country – 2024-2034

Figure 67: US Market Value (US$ Mn) and Forecast, 2024-2034

Figure 68: US Market Share, By Communication Type, 2023

Figure 69: US Market Share, By Vertical, 2023

Figure 70: Canada Market Value (US$ Mn) and Forecast, 2024-2034

Figure 71: Canada Market Share, By Communication Type, 2023

Figure 72: Canada Market Share, By Vertical, 2023

Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2024-2034

Figure 74: Brazil Market Share, By Communication Type, 2023

Figure 75: Brazil Market Share, By Vertical, 2023

Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2024-2034

Figure 77: Mexico Market Share, By Communication Type, 2023

Figure 78: Mexico Market Share, By Vertical, 2023

Figure 79: Germany Market Value (US$ Mn) and Forecast, 2024-2034

Figure 80: Germany Market Share, By Communication Type, 2023

Figure 81: Germany Market Share, By Vertical, 2023

Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2024-2034

Figure 83: U.K. Market Share, By Communication Type, 2023

Figure 84: U.K. Market Share, By Vertical, 2023

Figure 85: France Market Value (US$ Mn) and Forecast, 2024-2034

Figure 86: France Market Share, By Communication Type, 2023

Figure 87: France Market Share, By Vertical, 2023

Figure 88: Italy Market Value (US$ Mn) and Forecast, 2024-2034

Figure 89: Italy Market Share, By Communication Type, 2023

Figure 90: Italy Market Share, By Vertical, 2023

Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2024-2034

Figure 92: BENELUX Market Share, By Communication Type, 2023

Figure 93: BENELUX Market Share, By Vertical, 2023

Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2024-2034

Figure 95: Nordic Countries Market Share, By Communication Type, 2023

Figure 96: Nordic Countries Market Share, By Vertical, 2023

Figure 97: China Market Value (US$ Mn) and Forecast, 2024-2034

Figure 98: China Market Share, By Communication Type, 2023

Figure 99: China Market Share, By Vertical, 2023

Figure 100: Japan Market Value (US$ Mn) and Forecast, 2024-2034

Figure 101: Japan Market Share, By Communication Type, 2023

Figure 102: Japan Market Share, By Vertical, 2023

Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2024-2034

Figure 104: South Korea Market Share, By Communication Type, 2023

Figure 105: South Korea Market Share, By Vertical, 2023

Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2024-2034

Figure 107: GCC Countries Market Share, By Communication Type, 2023

Figure 108: GCC Countries Market Share, By Vertical, 2023

Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2024-2034

Figure 110: South Africa Market Share, By Communication Type, 2023

Figure 111: South Africa Market Share, By Vertical, 2023

Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2024-2034

Figure 113: Turkey Market Share, By Communication Type, 2023

Figure 114: Turkey Market Share, By Vertical, 2023

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How big is the 5G services market size in 2024?

The global 5G services market is evaluated at US$ 100.9 billion in 2024.

What is the projected market value of 5G services for 2034?

Revenue from the sales of 5G services is forecasted to reach US$ 4,146.3 billion by 2034.

What is the future of 5G services?

Demand for 5G services is projected to rise at a CAGR of 45% from 2024 to 2034.

How is the South Korea market shaping up?

The South Korea market is approximated at a value of US$ 5.3 billion in 2024.

Who are the top providers of 5G services?

Some of the leading companies include China Telecom Corporation Ltd., Vodafone Group, and BT Group Plc.

Which communication type is widely preferred in this space?

Sales of eMBB 5G services are forecasted to increase at a CAGR of 44.5% through 2034.

- Also of Interest -

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Small Cell 5G Network Market

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5G Fixed Wireless Access Market

5G Fixed Wireless Access Market Study by Hardware and Services for Residential, Commercial, Industrial, and Governments from 2024 to 2034

5G Industrial IoT Market

5G Industrial IoT Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

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