China 5g Services Market Size & Outlook, 2023-2030
China 5g services market, 2018-2030 (US$M)
Related Markets
China 5g services market highlights
- The China 5g services market generated a revenue of USD 19,459.3 million in 2023 and is expected to reach USD 825,130.3 million by 2030.
- The China market is expected to grow at a CAGR of 70.8% from 2024 to 2030.
- In terms of segment, enterprises was the largest revenue generating vertical in 2023.
- Consumer is the most lucrative vertical segment registering the fastest growth during the forecast period.
5g services market data book summary
| Market revenue in 2023 | USD 19,459.3 million |
| Market revenue in 2030 | USD 825,130.3 million |
| Growth rate | 70.8% (CAGR from 2023 to 2030) |
| Largest segment | Enterprises |
| Fastest growing segment | Consumer |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer, Enterprises |
| Key market players worldwide | AT&T, BT Group PLC, China Mobile, Bharti Airtel Services, KT Corp ADR, Vodafone Group PLC, Deutsche Telekom AG, SK Telecom Co Ltd ADR, Verizon Communications Inc, NTT Data Group Corp, T-Mobile US Inc, Rakuten Group Inc |
Other key industry trends
- In terms of revenue, China accounted for 23.1% of the global 5g services market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China 5g services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 61,219.8 million by 2030.
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5G Services Market Scope
5G Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 94.39% in 2023. Horizon Databook has segmented the China 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
The Chinese 5G service market is characterized by several prominent trends. Firstly, there is a strong focus on infrastructure development, with extensive network rollout and investment in 5G infrastructure. For example, China Mobile has deployed over a million 5G base stations across the country.
Secondly, there is rapid adoption of 5G services by consumers, driven by the increasing availability of affordable 5G-enabled smartphones. China has the world's largest 5G user base, with millions of subscribers. Thirdly, there is a growing demand for innovative applications and services, such as Augmented Reality (AR), Virtual Reality (VR), and cloud gaming.
Companies like Tencent are leveraging 5G to provide immersive and high-bandwidth experiences. Additionally, China's industrial sectors, including manufacturing and logistics, are embracing 5G for digital transformation and smart solutions. For instance, automaker Geely is using 5G connectivity to enable advanced features in their vehicles.
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Our clientele includes a mix of 5g services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China 5g services market , including forecasts for subscribers. This country databook contains high-level insights into China 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China 5g services market size, by vertical, 2018-2030 (US$M)
China 5G Services Market Outlook Share, 2023 & 2030 (US$M)
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