Europe 5g Services Market Size & Outlook, 2023-2030
Europe 5g services market, 2018-2030 (US$M)
Related Markets
Europe 5g services market highlights
- The Europe 5g services market generated a revenue of USD 25,027.0 million in 2023.
- The market is expected to grow at a CAGR of 54.6% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 25,027.0 million |
| Market revenue in 2030 | USD 527,347.0 million |
| Growth rate | 54.6% (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 |
| 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, Europe region accounted for 29.7% of the global 5g services market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,223,169.5 million by 2030.
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5G Services Market Scope
5G Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 94.55% in 2023. Horizon Databook has segmented the Europe 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
European countries are actively rolling out 5G networks, aiming to provide seamless connectivity and enable transformative technologies. Telecom operators such as Vodafone, Deutsche Telekom, and Telefonica are leading the 5G deployment across Europe. These networks offer faster speeds, low latency, and increased capacity, supporting a wide range of applications.
For example, in Germany, Deutsche Telekom partnered with BMW to showcase 5G-enabled smart factory solutions, optimizing production processes. In Spain, Telefonica collaborated with healthcare providers to leverage 5G for remote patient monitoring and telemedicine services. 5G services are expected to revolutionize industries, foster innovation, and drive digital transformation across the continent.
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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 continent-level data and insights on the Europe 5g services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe 5g services market size, by country, 2018-2030 (US$M)
Europe 5G Services Market Outlook Share, 2023 & 2030 (US$M)
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