Report Scope & Overview:

The 5G Services Market size was valued at USD 84.50 Bn in 2022 and is expected to reach USD 751.90 Bn by 2030, and grow at a CAGR of 31.42% over the forecast period 2023-2030.

The 5th generation of networks is referred to as 5G. 5G is the most recent and freshly developed wireless network, which follows the 1G, 2G, 3G, and 4G series. The 5G network enables easy and quick integration of devices, machines, and objects, as well as virtual connectivity. The 5G network does not have a single owner, but numerous businesses in the mobile sector are trying to make the network a reality. The 5G network is said to be based on Orthogonal frequency-division multiplexing as far as the fundamental technologies are concerned.

5G Services Market Revenue Analysis

To get more information on 5G Services Market - Request Sample Report

5G can give improved performance and can even operate in lower bands, such as mm-Wave (24GHz and upwards), reducing latency. 5G is expected to enable next-generation user experiences, bring new services, and even allow the usage of newer models due to its increased capacity. IoT, faster mobile broadband, and mission-critical communications are all examples of services that employ 5G. With more consistent data speeds, less distortion, and low latency, 5G services can unleash realistic augmented and virtual reality experiences. 5G has the potential to have a significant influence on sectors.

Ericsson has agreed to buy Cradlepoint, the market leader in Wireless Edge WAN 4G and 5G Enterprise solutions in the United States, in 2022. The investment is critical to Ericsson's continued aim of gaining market share in the fast-growing 5G Enterprise arena. Ericsson's existing 5G Enterprise portfolio, which comprises Dedicated Networks and a worldwide IoT platform, is supplemented by Cradlepoint.



  • Increasing data traffic on mobile networks.
  • The mobile broadband experience must be transformed.
  • Verticals' digital transition should be accelerated.
  • Infrastructure development that is smart.


  • The implementation of a 5G network comes at a high expense.


  • To go beyond connection and work across industries to provide new, rich services.
  • Demand for high-reliability, low-latency networks is growing.
  • Unleashing a huge Internet of Things ecosystem and vital communications services.


  • Spectrum harmonization is taking longer than expected in different parts of the world.


The COVID-19 epidemic has had an impact on many aspects of society, including individuals and corporations. During the COVID-19 epidemic, the telecom sector is playing a critical role in supporting governments' digital infrastructure all around the world. Every individual and government, including federal, state, central, municipal, and provincial governments, has been in continual contact with one another in society to supply and receive real-time information on COVID-19.

COVID-19 instances are increasing by the day, with multiple infected cases on the increase. COVID-19 has a significant influence on major organizations and SMEs, as it does on people. Manufacturing, automotive, textiles, transportation and logistics, travel and hospitality, and consumer products have all been shut down as a result of country-level lockdowns throughout the world. Since the dawn of time, SMEs have served as the economic backbone. Because to the COVID-19 epidemic, SMEs are now the most affected.


In 2021, the enhanced Mobile Broadband (eMBB) category led the market, and it is predicted to continue to rise significantly throughout the forecast period. The high percentage is due to 5G network operators' initial focus on offering expanded internet capabilities for applications like high-speed cloud-based gaming, AR/VR, UHD video, and continuous video conversations. From 2022 to 2028, the massive Machine-Type Communications (mMTC) segment is predicted to grow at the quickest rate. Massive machine-type communications are envisioned as a way to meet the rising need for a well-developed digital environment. mMTC focuses on delivering services for applications that require a high level of connectivity, such as smart buildings and smart cities.

The enterprise segment of the end-user market is estimated to grow at the fastest rate during the forecast period. The most major benefit of 5G will be its capacity to deliver the continuous connection to infrastructures, machines, and things, rather than connecting individuals. 5G is expected to provide the foundation platform for a number of new vertical applications, including manufacturing, transportation, and healthcare. However, the capabilities and standards needed to open up a new world of corporate services are still in the works. As a result, commercial 5G corporate applications like Industry 4.0 factories, self-driving vehicles, and robotic surgery have already begun to be implemented. Edge computing in conjunction with 5G network slicing will help latency-sensitive and time-sensitive applications, such as automated vehicle driving and telerobotics.

In 2021, the IT & telecom category topped the market and had the highest revenue share. Due to major expenditures by key companies on the newest communication technologies, the segment is likely to maintain its dominance during the projection period. Over the projected period, the IT & telecom industry is expected to rise due to rising demand for greater data speeds for household and commercial applications. The industrial industry is increasingly digitizing. The demand for flawless wireless communication between robots, sensors, actuators, and other equipment put in industrial facilities has arisen as a result of this. As a result, the manufacturing industry is predicted to grow at the quickest rate throughout the projection period.


On The Basis of communication types

  • FWA

  • eMBB


  • MMTC

On The Basis of end Users

  • Consumers

  • Enterprises

On The Basis of Verticals

  • IT & Telecom

  • Manufacturing

  • Energy and Utilities

  • Media and Entertainment

  • Government

  • Transportation and Logistics

  • Healthcare

  • Others

5G Services Market Segmentation Analysis

Need any custom research on 5G Services Market - Enquiry Now


The Global 5G Services Market is divided into four regions: North America, Asia-Pacific, Europe, and the rest of the world. Because the key companies are substantially investing in technology and improving the infrastructure that will support the new technologies, the Asia-Pacific region is projected to dominate the market share. Transportation and logistics, media and entertainment, manufacturing, healthcare, and other industries are expected to benefit from the technology. Furthermore, due to significant investments in the creation of smart homes, industries, and the construction of smarter cities, North America is positioned to be the second-best region.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The major key players are AT&T Inc., Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd. & Other Players

Deutsche Telekom AG - Company Financial Analysis

5G Services Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 84.50 Bn
Market Size by 2030  US$ 751.90 Bn
CAGR   CAGR of 31.42% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Communication types (FWA, eMBB, URLLC, MMTC)
• by End-Users (Consumers and Enterprises)
• by Verticals (IT & Telecom, Manufacturing, Energy and Utilities, Media and Entertainment, Government, Transportation and Logistics, Healthcare, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AT&T Inc., Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd.
Key Drivers • Increasing data traffic on mobile networks
• The mobile broadband experience must be transformed
Market Opportunities • To go beyond connection and work across industries to provide new, rich services
• Demand for high-reliability, low-latency networks is growing


Frequently Asked Questions

Ans: -The 5G Services market size was valued at USD64.30 Bn in 2021.

Ans: - Increasing data traffic on mobile networks and the mobile broadband experience must be transformed.

Ans: - In 2021, the IT & telecom category topped the market and had the highest revenue share. 

Ans: - The major key players are AT&T Inc., Bharti Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd.

Ans: - The study includes a comprehensive analysis of Digital Printing Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis


8. 5G Services Market Segmentation, by communication types

8.1 FWA

8.2 eMBB


8.4 MMTC

9. 5G Services Market Segmentation, by end-Users

9.1 Consumers

9.2 Enterprises

10. 5G Services Market Segmentation, by Verticals

10.1 IT & Telecom

10.2 Manufacturing

10.3 Energy and Utilities

10.4 Media and Entertainment

10.5 Government

10.6 Transportation and Logistics

10.7 Healthcare

10.8 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 AT&T Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Bharti Airtel Limited

12.3 BT Group plc

12.4 China Mobile Ltd.

12.5 China Telecom Corporation Limited

12.6 Deutsche Telekom AG

12.7 KT Corporation

12.8 NTT Docomo

12.9 Reliance Jio

12.10 SK Telecom Co., Ltd.

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone