5G Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global 5G Market Size and Outlook. The Market is Segmented by End-user Industry (IT & Telecom, Media & Entertainment, Automotive, Energy & Utility, Aerospace & Defense, Other End-user Industries) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

5G Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

5G Services Market Size

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Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 25.30 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

5G Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of 5G Services Market with other markets in Technology, Media and Telecom Industry

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Media and Entertainment

Security & Surveillance

5G Services Market Analysis

The 5G Services Market is expected to register a CAGR of 25.3% during the forecast period.

  • The market for 5G services is expected to revolutionize the domain of various broadband services and empower connectivity across different end-user verticals. The main drivers responsible for increasing the market share are an increase in mobile subscriptions, online streaming of video content, strengthening 5G infrastructure, and various IoT applications utilizing 5G.
  • IoT in industrial automation is expected to derive maximum benefit from 5G services. The functionality to support this segment is currently being defined in 3GPP, influenced by Industry 4.0 initiatives and industry bodies, such as 5G-ACIA. It will likely be a 5G-specific segment, valid for local area use cases and private network deployments.
  • The use of more effective cloud solutions that rely on low latency improves firm efficiency and innovation through increased download speeds of broadband services, which also, in turn, leads the carriers and original equipment manufacturers (OEMs), such as cellular device manufacturers and in-building distributed antenna systems (DAS) providers to follow the 5G New Radio (5G NR) rules to enable such offerings.
  • The capital costs of installing the required 5G infrastructure and software upgrades are considerably high, considering the high density of BTS units needed to provide uninterrupted 5G services.
  • Moreover, with extensive reliance on virtual space increasing during the COVID-19 pandemic, the need to deploy advanced 5G infrastructure has become paramount. Increased migration frequency of business operations to the cloud and other virtual spaces has prompted investments in robust connectivity platforms.

5G Services Industry Overview

The competitive rivalry among the 5G services industry players is high because of the presence of several significant players, including AT&T, Verizon, Nokia, and others. They could outperform rivals if they could consistently innovate their product offers. These businesses have established a substantial presence in the market through mergers and acquisitions, strategic alliances, and research and development.

In May 2022, Nokia Corporation announced its 5G-Advanced to widen the area that 5G uplink signals can reach. While 5G-Advanced will improve uplink coverage first with the initial connection setup by leveraging more excellent random access channel coverage, it will support new types of devices with low data-rate requirements and introduce 5G capabilities to new vertical sectors and markets. The uplink data rate will then be optimized within the allocated connection budget by 5G-Advanced dynamically altering the uplink waveform. When the user is close to the cell edge, the network will dynamically favor coverage-enhancing waveforms, and as the user travels into the cell center, it will deprioritize them.

5G Services Market Leaders

  1. Nokia Corporation

  2. Huawei Technologies Co Ltd

  3. AT&T Inc.

  4. Verizon Communications Inc

  5. HP Enterprise Development LP

  6. *Disclaimer: Major Players sorted in no particular order
5G Services Market Concentration
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5G Services Market News

  • November 2022: Nokia Corporation announced that Balitower would extend its relationship with Nokia by using Nokia mobile transport solutions and services to upgrade its operations and network architecture and reliability to deliver expanded 5G services for its customers and improve user experience, reduce the total cost of ownership and prepare the nationwide network for 5G.
  • February 2022: AT&T has announced its Microsoft collaboration which integrates the AT&T 5G Network with the Azure Private MEC and builds on the existing edge work between the two companies. In contrast, the AT&T Private 5G Edge is designed to be an integrated platform that offers embedded applications and connectivity through a single platform, utilizing AT&T and CBRS spectrum as required to satisfy customer needs.

5G Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Technology Snapshot
    • 4.3.1 By Type
    • 4.3.1.1 Enhanced Mobile Broadband (EMBB)
    • 4.3.1.2 Ultra-reliable Low Latency Communications (URLLC)
    • 4.3.1.3 Massive Machine Communications (MMTC)

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Ultra-Low Latency Connectivity
    • 5.1.2 Increasing Data Traffic and Demand for High Speed Data Connectivity
  • 5.2 Market Restraints
    • 5.2.1 High Deployment Cost
  • 5.3 Assessment of Impact of COVID-19 on the Industry

6. MARKET SEGMENTATION

  • 6.1 End-user Industry
    • 6.1.1 IT & Telecom
    • 6.1.2 Media & Entertainment
    • 6.1.3 Automotive
    • 6.1.4 Energy & Utility
    • 6.1.5 Aerospace & Defense
    • 6.1.6 Other End-user Industries
  • 6.2 Geography
    • 6.2.1 North America
    • 6.2.1.1 United States
    • 6.2.1.2 Canada
    • 6.2.2 Europe
    • 6.2.2.1 Germany
    • 6.2.2.2 United Kingdom
    • 6.2.2.3 France
    • 6.2.2.4 Italy
    • 6.2.2.5 Rest of Europe
    • 6.2.3 Asia-Pacific
    • 6.2.3.1 China
    • 6.2.3.2 Japan
    • 6.2.3.3 India
    • 6.2.3.4 South Korea
    • 6.2.3.5 Rest of Asia-Pacific
    • 6.2.4 Rest of the World

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Nokia Corporation
    • 7.1.2 Huawei Technologies Co Ltd.
    • 7.1.3 AT&T Inc
    • 7.1.4 Verizon Communications Inc
    • 7.1.5 HP Enterprise Development LP
    • 7.1.6 T-Mobile USA, Inc.
    • 7.1.7 Deutsche Telekom AG
    • 7.1.8 Telefonaktiebolaget LM Ericsson
    • 7.1.9 Swisscom AG
    • 7.1.10 Vodafone Group
    • 7.1.11 BT Group
    • 7.1.12 Telstra Corporation Limited
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNTIES AND FUTURE TRENDS

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5G Services Industry Segmentation

5G is the fifth generation of wireless technology, allowing users quicker downloads, outstanding network reliability, making businesses more efficient, and more.

The 5G Services Market is segmented by End-user Industry (IT & Telecom, Media & Entertainment, Automotive, Energy & Utility, Aerospace & Defense, Other End-user Industries) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

End-user Industry IT & Telecom
Media & Entertainment
Automotive
Energy & Utility
Aerospace & Defense
Other End-user Industries
Geography North America United States
Canada
Europe Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
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5G Services Market Research FAQs

What is the current 5G Services Market size?

The 5G Services Market is projected to register a CAGR of 25.3% during the forecast period (2025-2030)

Who are the key players in 5G Services Market?

Nokia Corporation, Huawei Technologies Co Ltd, AT&T Inc., Verizon Communications Inc and HP Enterprise Development LP are the major companies operating in the 5G Services Market.

Which is the fastest growing region in 5G Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in 5G Services Market?

In 2025, the North America accounts for the largest market share in 5G Services Market.

What years does this 5G Services Market cover?

The report covers the 5G Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the 5G Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

5G Services Industry Report

Statistics for the 2025 5G Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 5G Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.