Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 36.56 Billion | USD 239.72 Billion | 26.50% | 2024 |
FrequentlyAsked Questions
5G services exemplify the next generation of mobile network technology, delivering enhanced connectivity, low latency, and ultra-fast data speeds. They enable real-time communication, drive innovations such as smart cities, remote healthcare, and autonomous vehicles, and support massive deployments of IoT.
The global 5G services market is projected to grow due to the emergence of Industry 4.0 and smart cities, aggressive growth in mobile data traffic, and mounting proliferation of AR/VR and cloud gaming.
According to study, the global 5G services market size was worth around USD 36.56 billion in 2024 and is predicted to grow to around USD 239.72 billion by 2034.
The CAGR value of the 5G services market is expected to be approximately 26.50% from 2025 to 2034.
North America is expected to lead the global 5G services market during the forecast period.
The key players profiled in the global 5G services market include AT&T Inc., Verizon Communications Inc., China Mobile Limited, Deutsche Telekom AG, SK Telecom Co., Ltd., Vodafone Group Plc, Telefonica S.A., T-Mobile US, Inc., Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Qualcomm Incorporated, ZTE Corporation, and Rakuten Mobile, Inc.
The report examines key aspects of the 5G services market, including a detailed analysis of existing growth factors and restraints, as well as an examination of future growth opportunities and challenges that will impact the market.
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