Middle East & Africa 5g Services Market Size & Outlook
Middle East & Africa 5g services market, 2018-2030 (US$M)
Related Markets
MEA 5g services market highlights
- The MEA 5g services market generated a revenue of USD 1,278.1 million in 2023.
- The market is expected to grow at a CAGR of 36.8% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,278.1 million |
| Market revenue in 2030 | USD 11,452.5 million |
| Growth rate | 36.8% (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, MEA region accounted for 1.5% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
5G Services Market Scope
5G Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 94.3% in 2023. Horizon Databook has segmented the Middle East & Africa 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has made significant investments in building 5G networks and has conducted spectrum auctions to allocate frequencies to telecom operators for the deployment of 5G services. Furthermore, the MEA region has seen significant growth in mobile payments and financial services enabled by 5G technology.
For example, in Kenya, the mobile payment platform M-Pesa has transformed the financial landscape by providing secure and convenient transactions via mobile phones. 5G can further enhance the speed and reliability of such services.
Reasons to subscribe to Middle East & Africa 5g services market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa 5g services market databook
-
Our clientele includes a mix of 5g services market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Middle East & Africa 5g services market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA 5g services market size, by country, 2018-2030 (US$M)
Middle East & Africa 5G Services Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
