Latin America 5g Services Market Size & Outlook, 2023-2030
Latin America 5g services market, 2018-2030 (US$M)
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Latin America 5g services market highlights
- The Latin America 5g services market generated a revenue of USD 1,340.8 million in 2023.
- The market is expected to grow at a CAGR of 49.5% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,340.8 million |
| Market revenue in 2030 | USD 22,346.7 million |
| Growth rate | 49.5% (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, Latin America region accounted for 1.6% 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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Latin America 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 93% in 2023. Horizon Databook has segmented the Latin America 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Telecom operators across Latin America are actively expanding their network infrastructure to support 5G services. For instance, in Brazil, major operators like Claro, Vivo, and TIM have been investing in the deployment of 5G infrastructure, including base stations and fiber-optic networks, to provide wider coverage and improved connectivity.
In addition, Latin American cities are embracing 5G for smart city initiatives. For example, in Santiago, Chile, a pilot project is being conducted to deploy 5G-enabled IoT solutions for intelligent transportation, waste management, and public safety. These applications aim to enhance urban services, optimize resource usage, and improve the overall quality of life for citizens.
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Our clientele includes a mix of 5g services market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America 5g services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America 5g services market size, by country, 2018-2030 (US$M)
Latin America 5G Services Market Outlook Share, 2023 & 2030 (US$M)
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