5G Services Global Market Report 2025

5G, the fifth generation of broadband or cellular technology, is designed to significantly enhance the speed and responsiveness of wireless networks. It delivers high speed, increased bandwidth, and lower latency for Internet connectivity.

The primary communication types of 5G services include Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low Latency Communications (uRLLC), and Massive Machine-Type Communications (mMTC). Fixed Wireless Access (FWA) involves providing wireless connectivity between two fixed points through radio links. These services find applications in various sectors such as smart cities, smart buildings, connected factories, smart utilities, connected healthcare, connected retail, and others. The end-users span across manufacturing, energy and utilities, media and entertainment, IT and telecom, transportation and logistics, aerospace and defense, and other industries.

The 5G services market research report is one of a series of new reports from The Business Research Company that provides 5G services market statistics, including 5G services industry global market size, regional shares, competitors with a 5G services market share, detailed 5G services market segments, market trends and opportunities, and any further data you may need to thrive in the 5G services industry. This 5G services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 5G services market size has grown exponentially in recent years. It will grow from $206.44 billion in 2024 to $356.36 billion in 2025 at a compound annual growth rate (CAGR) of 72.6%. The growth in the historic period can be attributed to the increasing number of internet users, strong economic growth in emerging markets, increasing adoption of 5g networks, and increasing wireless technology.

The 5G services market size is expected to see exponential growth in the next few years. It will grow to $2006.82 billion in 2029 at a compound annual growth rate (CAGR) of 54.0%. The growth in the forecast period can be attributed to increasing 5g subscriptions, a rise in demand for connected cars, increasing smart homes, increasing internet penetration, government initiatives, and growth in the number of IoT devices. Major trends in the forecast period include 5g vran (virtualized radio access network) technology, service innovations, technological advancements, stand-alone 5g, strategic partnerships and collaborations, and artificial intelligence in the 5g network.

Rising demand from the Internet of Things (IoT) is expected to significantly increase the demand for 5G services, which are essential for delivering high performance and efficiency. IoT refers to the network of interconnected devices that communicate and share data, and as this network expands, so does the need for faster and more reliable connectivity. For instance, a report published by IOT Analytics in September 2024 noted that by the end of 2023, there were approximately 16.6 billion connected IoT devices, reflecting a 15% increase from 2022. This number is projected to rise to about 18.8 billion by the end of 2024. As more smart devices require high-speed internet for optimal functionality, the growing demand for IoT is poised to boost revenue in the 5G services market in the coming years.

The expanding penetration of 5G technology is forecasted to act as a catalyst propelling the growth of the 5G services market moving forward. 5G networks represent the fifth generation of mobile networks, offering notably swifter data speeds and reduced latency. These advancements enhance user experiences and enable the emergence of new applications, thereby stimulating both consumer and business demand for 5G connectivity. As per Telefonaktiebolaget LM Ericsson's insights in May 2023, it is projected that 4.624 billion 5G mobile subscriptions will be active in 2028, marking a substantial increase from 1.481 billion in 2023. Hence, the burgeoning penetration of 5G technology stands as a significant driver fostering the growth of the 5G services market.

The integration of AI-powered functionalities stands as a pivotal trend driving the evolution of the 5G services market. The commercial adoption of 5G services is rapidly expanding, bolstered by the surge in connections and the growing utilization of cloud-based Augmented Reality (AR) or Virtual Reality (VR) applications. This heightened demand for 5G services emphasizes the necessity for networks with greater bandwidth, extensive coverage, and minimal latency. For instance, Nokia Corporation, a Finland-based technology firm, announced in September 2022 its collaboration with NTT DOCOMO Inc. to utilize AI-driven Radio Frequency (RF) capacity planning software. This strategic deployment aims to expedite RF planning processes and assist the Japanese operator in effectively deploying its 5G network. Nokia's AVA software, embedded with an AI-based RF capacity planning solution, was customized to predict 4G cell RF capacity from Base Transceiver Station (BTS) performance data. This adaptation allowed simulation for optimal candidate locations for 5G cells and Radio Access Network (RAN) hardware, ensuring the required area capacity. Hence, the introduction of AI-driven capabilities in 5G services, enhancing precision and agility, emerges as a prominent trend in the 5G services market.

Prominent players in the 5G services market prioritize the development of innovative features to offer new digital capabilities across various subscriber segments, including prepaid and postpaid mobile, home, and business subscribers, seeking a competitive edge. 5G services encompass high-speed, low-latency wireless communication offerings enabled by fifth-generation (5G) cellular technology. For instance, Orange, a US-based provider of engine oil and liquid filtration solutions, launched its 5G services in specific areas in Amman and Irbid in July 2023. The company had previously piloted 5G in Jordan in November 2022 and subsequently activated the 5G network in Amman, allowing individuals to experience and test the service for free. This strategic move positions Orange Jordan as an early adopter, catering to the growing demand for advanced 5G services within the region.

In June 2023, HPE, a US-based edge-to-cloud company, successfully acquired Athonet for an undisclosed amount. This strategic acquisition marks a substantial leap in HPE's initiatives to revolutionize the private networking sector. By incorporating Athonet's expertise, HPE aims to offer a comprehensive and streamlined approach to establishing the connected edge. This move is designed to support telecommunication companies in addressing the growing market demand and empower businesses to confidently embrace advanced connectivity technologies. Athonet, based in Italy, is renowned for providing a robust 5G and LTE mobile platform.

Major companies operating in the 5G services market include AT&T, Inc, Verizon Communications, Inc, Deutsche Telekom AG, China Mobile Ltd, T-Mobile USA, Inc, SK Telecom Co., Ltd., Saudi Telecom Company, Vodafone Group, China Telecom Corporation Ltd., BT Group plc, Telefonica, O2, MTS, Ericsson, Orange, DIGI, Qualcomm, Cisco, Intel, Huawei, Inseego, CommScope, Cohere Technologies Inc, United States Cellular Corporation, C Spire, Mimosa Networks, Telecom Argentina, America Movil, Etisalat, Emirates Integrated Telecommunications Company P.J.S.C., Zain Saudi Arabia, 21st Century Technologies Ltd, Dreamlabs Nigeria Ltd, Excelsimo Networks Ltd, Galaxy Backbone Plc, ipNX Nigeria Ltd, Liquid Intelligent Technologies, MainOne, Medallion Communications Inc, MTN Group, Rack Centre Ltd.

Asia-Pacific was the largest region in the 5G services market in 2024. North America was the second largest region in the global 5G services market share. The regions covered in the 5g services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the 5g services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The 5G services market includes revenues earned by entities by providing 5th generation advance cellular technology services that provide faster means of communication through high bandwidth, good spectrum management, segregation of data, and routing. 5G services deliver high levels of efficiency and performance that empower to connect new industries and user experiences. Cellular networks using 5G services can connect with more devices, handle more data, significantly reduce latency, and are reliable. This technology is more beneficial for companies operating into robotics, automation, and IoT. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

5G Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on 5g services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for 5g services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 5g services market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Communication Type: Fixed Wireless Access (FWA), Enhanced Mobile Broadband (EMBB), Ultra-Reliable And Low Latency Communications (URLLC), Massive Machine-Type Communications (mMTC)
• 2) By Vertical: Smart Cities, Smart Buildings, Connected Factories, Smart Utilities, Connected Healthcare, Connected Retail, Other Verticals
• 3) By End-User: Manufacturing, Energy And Utilities, Media And Entertainment, IT And Telecom, Transportation And Logistics, Healthcare, Aerospace And Defense, Other End Users
• Subsegments:
• 1) By Fixed Wireless Access (FWA): Residential Broadband; Business Broadband; Rural Connectivity; Others
• 2) By Enhanced Mobile Broadband (EMBB): Consumer Mobile Data; Enterprise Mobility; AR Or VR Applications; High-definition Video Streaming
• 3) By Ultra-Reliable And Low Latency Communications (URLLC): Autonomous Vehicles; Remote Surgery; Industrial Automation; Mission-Critical Applications
• 4) By Massive Machine-Type Communications (mMTC): IoT Devices; Smart Cities; Wearable Technology; Smart Agriculture
• Companies Mentioned: AT&T, Inc; Verizon Communications, Inc; Deutsche Telekom AG; China Mobile Ltd; T-Mobile USA, Inc
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.