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
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 7. Global Market Value Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Communication Type
- 8.1. FWA
- 8.2. eMBB
- 8.3. uRLLC
- 8.4. mMTC
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical
- 9.1. Manufacturing
- 9.2. Public Safety
- 9.3. Healthcare & Social Work
- 9.4. Media & Entertainment
- 9.5. Energy & Utility
- 9.6. IT & Telecom
- 9.7. Transportation & Logistics
- 9.8. Aerospace & Defense
- 9.9. BFSI
- 9.10. Government
- 9.11. Retail
- 9.12. Mining
- 9.13. Oil & Gas
- 9.14. Agriculture
- 9.15. Construction
- 9.16. Real Estate
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 14. Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 16. Key Countries Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. AT&T
- 18.2. BT Group plc
- 18.3. Bharti Airtel Ltd.
- 18.4. China Telecom Corporation Ltd.
- 18.5. NTT Docomo Inc.
- 18.6. KT Corporation
- 18.7. Saudi Telecom Company
- 18.8. Deutsche Telekom AG
- 18.9. SK Telecom
- 18.10. Verizon Communications Inc.
- 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 to 2023
Table 02: Global Market Value (US$ Mn), By Communication Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn), By Vertical, 2019 to 2023
Table 04: Global Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 05: Global Market, By Region, 2019 to 2023
Table 06: Global Market, By Region, 2024 to 2034
Table 07: North America Market Value (US$ Mn), By Communication Type, 2019 to 2023
Table 08: North America Market Value (US$ Mn), By Communication Type, 2024 to 2034
Table 09: North America Market Value (US$ Mn), By Vertical, 2019 to 2023
Table 10: North America Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 11: North America Market, By Country, 2019 to 2023
Table 12: North America Market, By Country, 2024 to 2034
Table 13: Latin America Market Value (US$ Mn), By Communication Type, 2019 to 2023
Table 14: Latin America Market Value (US$ Mn), By Communication Type, 2024 to 2034
Table 15: Latin America Market Value (US$ Mn), By Vertical, 2019 to 2023
Table 16: Latin America Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 17: Latin America Market, By Country, 2019 to 2023
Table 18: Latin America Market, By Country, 2024 to 2034
Table 19: Europe Market Value (US$ Mn), By Communication Type, 2019 to 2023
Table 20: Europe Market Value (US$ Mn), By Communication Type, 2024 to 2034
Table 21: Europe Market Value (US$ Mn), By Vertical, 2019 to 2023
Table 22: Europe Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 23: Europe Market, By Country, 2019 to 2023
Table 24: Europe Market, By Country, 2024 to 2034
Table 25: Asia Pacific Market Value (US$ Mn), By Communication Type, 2019 to 2023
Table 26: Asia Pacific Market Value (US$ Mn), By Communication Type, 2024 to 2034
Table 27: Asia Pacific Market Value (US$ Mn), By Vertical, 2019 to 2023
Table 28: Asia Pacific Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 29: Asia Pacific Market, By Country, 2019 to 2023
Table 30: Asia Pacific Market, By Country, 2024 to 2034
Table 31: MEA Market Value (US$ Mn), By Communication Type, 2019 to 2023
Table 32: MEA Market Value (US$ Mn), By Communication Type, 2024 to 2034
Table 33: MEA Market Value (US$ Mn), By Vertical, 2019 to 2023
Table 34: MEA Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 35: MEA Market, By Country, 2019 to 2023
Table 36: MEA Market, By Country, 2024 to 2034
Table 37: Global Market Incremental $ Opportunity, By Communication Type, 2019 to 2023
Table 38: Global Market Incremental $ Opportunity, By Vertical, 2024 to 2034
Table 39: Global Market Incremental $ Opportunity, By Region, 2024 to 2034
Table 40: North America Market Incremental $ Opportunity, By Communication Type, 2019 to 2023
Table 41: North America Market Incremental $ Opportunity, By Vertical, 2024 to 2034
Table 42: North America Market Incremental $ Opportunity, By Country, 2024 to 2034
Table 43: Latin America Market Incremental $ Opportunity, By Communication Type, 2019 to 2023
Table 44: Latin America Market Incremental $ Opportunity, By Vertical, 2024 to 2034
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2024 to 2034
Table 46: Europe Market Incremental $ Opportunity, By Communication Type, 2019 to 2023
Table 47: Europe Market Incremental $ Opportunity, By Vertical, 2024 to 2034
Table 48: Europe Market Incremental $ Opportunity, By Country, 2024 to 2034
Table 49: Asia Pacific Market Incremental $ Opportunity, By Communication Type, 2019 to 2023
Table 50: Asia Pacific Market Incremental $ Opportunity, By Vertical, 2024 to 2034
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2024 to 2034
Table 52: MEA Market Incremental $ Opportunity, By Communication Type, 2019 to 2023
Table 53: MEA Market Incremental $ Opportunity, By Vertical, 2024 to 2034
Table 54: MEA Market Incremental $ Opportunity, By Country, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2019 to 2034
Figure 02: Global Market Absolute $ Historical Gain (2019 to 2023) and Opportunity (2024 to 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 to 2034
Figure 05: Global Market Attractiveness Index, By Communication Type - 2024 to 2034
Figure 06: Global Market Share, By Vertical, 2024 & 2034
Figure 07: Global Market Y-o-Y Growth Projections, By Vertical - 2024 to 2034
Figure 08: Global Market Attractiveness Index, By Vertical - 2024 to 2034
Figure 09: Global Market Share, By Region, 2024 & 2034
Figure 10: Global Market Y-o-Y Growth Projections, By Region - 2024 to 2034
Figure 11: Global Market Attractiveness Index, By Region - 2024 to 2034
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2019 to 2034
Figure 13: North America Market Absolute $ Opportunity Historical (2019 to 2023) and Forecast Period (2024 to 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 to 2034
Figure 16: North America Market Attractiveness Index, By Communication Type - 2024 to 2034
Figure 17: North America Market Share, By Vertical, 2024 & 2034
Figure 18: North America Market Y-o-Y Growth Projections, By Vertical - 2024 to 2034
Figure 19: North America Market Attractiveness Index, By Vertical - 2024 to 2034
Figure 20: North America Market Share, By Country, 2024 & 2034
Figure 21: North America Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Figure 22: North America Market Attractiveness Index, By Country - 2024 to 2034
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2019 to 2034
Figure 24: Latin America Market Absolute $ Opportunity Historical (2019 to 2023) and Forecast Period (2024 to 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 to 2034
Figure 27: Latin America Market Attractiveness Index, By Communication Type - 2024 to 2034
Figure 28: Latin America Market Share, By Vertical, 2024 & 2034
Figure 29: Latin America Market Y-o-Y Growth Projections, By Vertical - 2024 to 2034
Figure 30: Latin America Market Attractiveness Index, By Vertical - 2024 to 2034
Figure 31: Latin America Market Share, By Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Figure 33: Latin America Market Attractiveness Index, By Country - 2024 to 2034
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2019 to 2034
Figure 35: Europe Market Absolute $ Opportunity Historical (2019 to 2023) and Forecast Period (2024 to 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 to 2034
Figure 38: Europe Market Attractiveness Index, By Communication Type - 2024 to 2034
Figure 39: Europe Market Share, By Vertical, 2024 & 2034
Figure 40: Europe Market Y-o-Y Growth Projections, By Vertical - 2024 to 2034
Figure 41: Europe Market Attractiveness Index, By Vertical - 2024 to 2034
Figure 42: Europe Market Share, By Country, 2024 & 2034
Figure 43: Europe Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Figure 44: Europe Market Attractiveness Index, By Country - 2024 to 2034
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2019 to 2034
Figure 46: MEA Market Absolute $ Opportunity Historical (2019 to 2023) and Forecast Period (2024 to 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 to 2034
Figure 49: MEA Market Attractiveness Index, By Communication Type - 2024 to 2034
Figure 50: MEA Market Share, By Vertical, 2024 & 2034
Figure 51: MEA Market Y-o-Y Growth Projections, By Vertical - 2024 to 2034
Figure 52: MEA Market Attractiveness Index, By Vertical - 2024 to 2034
Figure 53: MEA Market Share, By Country, 2024 & 2034
Figure 54: MEA Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Figure 55: MEA Market Attractiveness Index, By Country - 2024 to 2034
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2019 to 2034
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2019 to 2023) and Forecast Period (2024 to 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 to 2034
Figure 60: Asia Pacific Market Attractiveness Index, By Communication Type - 2024 to 2034
Figure 61: Asia Pacific Market Share, By Vertical, 2024 & 2034
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Vertical - 2024 to 2034
Figure 63: Asia Pacific Market Attractiveness Index, By Vertical - 2024 to 2034
Figure 64: Asia Pacific Market Share, By Country, 2024 & 2034
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Figure 66: Asia Pacific Market Attractiveness Index, By Country - 2024 to 2034
Figure 67: US Market Value (US$ Mn) and Forecast, 2024 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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 to 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.
5G Services Market