North America 5g Services Market Size & Outlook, 2023-2030
North America 5g services market, 2018-2030 (US$M)
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North America 5g services market highlights
- The North America 5g services market generated a revenue of USD 22,568.8 million in 2023.
- The market is expected to grow at a CAGR of 52% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 22,568.8 million |
| Market revenue in 2030 | USD 423,937.6 million |
| Growth rate | 52% (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, North America region accounted for 26.8% 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 |
|---|
North 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 93.99% in 2023. Horizon Databook has segmented the North America 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
The regional market growth can be attributed to the significant investments made by large IT and telecom players such as Microsoft Corporation; IBM Corporation; and Cisco Systems, Inc. to build smart office premises by deploying and integrating next-generation 5G infrastructure and services.
Moreover, increasing investments in deploying 5G infrastructure by key market players such as Verizon Communications Inc. and AT&T Inc. are expected to boost the 5G network coverage across the region. This increased coverage is expected to provide faster speed and low latency networks across verticals such as energy & utilities, healthcare, and IT & telecom.
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Target buyers of North America 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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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 North America 5g services market , including forecasts for subscribers. This continent databook contains high-level insights into North America 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America 5g services market size, by country, 2018-2030 (US$M)
North America 5G Services Market Outlook Share, 2023 & 2030 (US$M)
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