5G Services Market Share

Statistics for the 2023 & 2024 5G Services market share, created by Mordor Intelligence™ Industry Reports. 5G Services share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of 5G Services Industry

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

*Disclaimer: Major Players sorted in no particular order

5G Services Market Concentration

5G Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)