Global 5g Services Market Size & Outlook, 2023-2030
Global 5g services market, 2018-2030 (US$M)
Related Markets
Global 5g services market highlights
- The global 5g services market generated a revenue of USD 84,305.5 million in 2023 and is expected to reach USD 2,208,253.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 59.4% by 2030.
- In terms of segment, enterprises accounted for a revenue of USD 79,467.5 million in 2023.
- Consumer is the most lucrative vertical segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 84,305.5 million |
| Market revenue in 2030 | USD 2,208,253.4 million |
| Growth rate | 59.4% (CAGR from 2023 to 2030) |
| Largest segment | Enterprises |
| Fastest growing segment | Consumer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer, Enterprises |
Other key industry trends
- In terms of revenue, the North America accounted for 26.8% of the global 5g services market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 2,482.1 million by 2030.
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5G Services Market Scope
5G Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 5g services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g services market will help companies and investors design strategic landscapes.
Enterprises was the largest segment with a revenue share of 94.26% in 2023. Horizon Databook has segmented the Global 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
- Global 5G Services Vertical Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Enterprise/Corporate
- Smart City
- Industrial
- Energy & Utility
- Transportation & Logistics
- Public Safety and Defense
- Healthcare Facilities
- Retail
- Agriculture
- Others
- Consumer
- Enterprises
- Manufacturing
- Public Safety
- Healthcare & Social Work
- Media & Entertainment
- Energy & Utility
- IT & Telecom
- Transportation & Logistics
- Aerospace & Defense
- BFSI
- Government
- Retail
- Mining
- Oil & Gas
- Agriculture
- Construction
- Real Estate
- Global 5G Services Communication Outlook (Revenue, USD Million, 2018-2030)
- FWA
- eMBB
- uRLLC
- mMTC
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Our clientele includes a mix of 5g services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global 5g services market , including forecasts for subscribers. This global databook contains high-level insights into Global 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global 5g services market size, by region, 2018-2030 (US$M)
Top 10 countries: 5g services market size, 2023 (US$M)
Global 5g services market share, by vertical, 2023 & 2030 (%, US$M)
5g services market: Opportunity assessment by country
Global 5g services market, by region, 2023 (US$M)
| Vertical | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 0.0 | 0.0 | 635.1 | 651.2 | 1,074.6 | 1,340.8 | 1,819.4 | 2,641.3 | 3,996.7 | 6,118.4 | 9,433.4 | 14,514.9 | 22,346.7 | 45.5% |
| Europe | 0.0 | 0.0 | 13,095.7 | 14,700.8 | 18,458.1 | 25,027.0 | 36,512.7 | 55,498.6 | 86,048.8 | 134,688.6 | 212,028.6 | 334,110.7 | 527,347.0 | 50.4% |
| North America | 0.0 | 0.0 | 10,732.0 | 12,545.4 | 16,129.3 | 22,568.8 | 33,594.9 | 52,167.3 | 81,722.1 | 127,101.9 | 193,901.9 | 290,522.7 | 423,937.6 | 4844.2% |
| MEA | 0.0 | 0.0 | 891.7 | 931.0 | 1,048.2 | 1,278.1 | 1,673.5 | 2,314.4 | 3,220.4 | 4,464.4 | 6,150.5 | 8,436.0 | 11,452.5 | 33.8% |
| Asia Pacific | 0.0 | 0.0 | 17,135.4 | 19,425.1 | 23,903.2 | 34,090.8 | 51,754.6 | 83,799.8 | 140,780.5 | 239,479.8 | 410,488.3 | 707,557.0 | 1,223,169.5 | 63.2% |
| Overall | 0.0 | 0.0 | 42,489.9 | 48,253.5 | 60,613.4 | 84,305.5 | 125,355.1 | 196,421.4 | 315,768.5 | 511,853.1 | 832,002.7 | 1,355,141.2 | 2,208,253.4 | 59.4% |
Related regional statistics
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