Mexico 5g Services Market Size & Outlook, 2023-2030
Mexico 5g services market, 2018-2030 (US$M)
Related Markets
Mexico 5g services market highlights
- The Mexico 5g services market generated a revenue of USD 645.1 million in 2023 and is expected to reach USD 9,814.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 47.5% 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.
5g services market data book summary
| Market revenue in 2023 | USD 645.1 million |
| Market revenue in 2030 | USD 9,814.0 million |
| Growth rate | 47.5% (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, Mexico accounted for 0.8% 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 Latin America, Mexico 5g services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 8,946.7 million by 2030.
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5G Services Market Scope
5G Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 93.09% in 2023. Horizon Databook has segmented the Mexico 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has a focus on expanding connectivity, particularly in rural and underserved areas. 5G technology can play a crucial role in bridging the digital divide. Projects like the "Digital Roadmap" aim to extend broadband coverage to remote regions, enabling access to digital services, education, and economic opportunities.
Moreover, collaboration between telecom operators, technology companies, and industry players is driving the adoption of 5G in Mexico. For instance, partnerships between operators and incumbents of industries like agriculture, transportation, and entertainment are being formed to develop innovative 5G solutions.
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Target buyers of Mexico 5g services market databook
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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 Mexico 5g services market , including forecasts for subscribers. This country databook contains high-level insights into Mexico 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico 5g services market size, by vertical, 2018-2030 (US$M)
Mexico 5G Services Market Outlook Share, 2023 & 2030 (US$M)
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