South Korea 5g Services Market Size & Outlook, 2023-2030
South Korea 5g services market, 2018-2030 (US$M)
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South Korea 5g services market highlights
- The South Korea 5g services market generated a revenue of USD 7,448.6 million in 2023 and is expected to reach USD 164,199.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 55.6% 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.
5g services market data book summary
| Market revenue in 2023 | USD 7,448.6 million |
| Market revenue in 2030 | USD 164,199.2 million |
| Growth rate | 55.6% (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, South Korea accounted for 8.8% 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 Asia Pacific, China 5g services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 61,219.8 million by 2030.
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5G Services Market Scope
5G Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 94.13% in 2023. Horizon Databook has segmented the South Korea 5g services market based on consumer, enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea, known for its advanced telecommunications infrastructure, has been at the forefront of 5G adoption. South Korea is witnessing the emergence of a hyper-connected society, where 5G enables seamless connectivity between people, devices, and services.
For example, SK Telecom has partnered with Hyundai Motor to develop a connected car platform using 5G technology, allowing for real-time data exchange and advanced vehicle services. Moreover, 5G is driving industrial transformation in South Korea, particularly in sectors like manufacturing and logistics.
Companies like Samsung Electronics are utilizing 5G to implement smart manufacturing solutions, integrating IoT sensors, robotics, and real-time data analytics for optimized production processes and increased productivity.
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Target buyers of South Korea 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 South Korea 5g services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea 5g services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea 5g services market size, by vertical, 2018-2030 (US$M)
South Korea 5G Services Market Outlook Share, 2023 & 2030 (US$M)
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