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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global 5G Services Market Size
The global 5G services market attained a value of nearly USD 110.58 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 49.6%.
5G Services Market Report Snapshots
5G Services Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 110.58 billion.
The market is assessed to grow at a CAGR of 49.6% between 2024 and 2032.
The key market trends guiding the growth of the market include the growing adoption of IoT, evolving technology, and the launch of diversified 5G services by market players.
The major market drivers are increasing working populations, growing digitalisation, rapid urbanisation, changing lifestyles, and innovative marketing strategies by branded market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end-use industries that are available in the market include IT and telecom, media and entertainment, automotive, energy and utility, and aerospace and defense, among others.
The major players in the market are Nokia Corporation, Huawei Technologies Co Ltd., AT&T Inc., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, and Vodafone Group, among others.
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