5G Services Market Size, Share, and Trends 2024 to 2034

The global 5G services market size is calculated at USD 200.55 billion in 2025 and is forecasted to reach around USD 13406.58 billion by 2034, accelerating at a CAGR of 59.51% from 2025 to 2034. The Asia Pacific 5G services market size surpassed USD 82.23 billion in 2025 and is expanding at a CAGR of 59.70% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1709
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on 5G Services Market 

5.1. COVID-19 Landscape: 5G Services Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global 5G Services Market, By Communication

8.1. 5G Services Market, by Communication Type,

8.1.1. FWA

8.1.1.1. Market Revenue and Forecast

8.1.2. eMBB

8.1.2.1. Market Revenue and Forecast

8.1.3. uRLLC

8.1.3.1. Market Revenue and Forecast

8.1.4. mMTC

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global 5G Services Market, By Vertical

9.1. 5G Services Market, by Vertical,

9.1.1. Manufacturing

9.1.1.1. Market Revenue and Forecast

9.1.2. Public Safety

9.1.2.1. Market Revenue and Forecast

9.1.3. Media & Entertainment

9.1.3.1. Market Revenue and Forecast

9.1.4. Energy & Utility

9.1.4.1. Market Revenue and Forecast

9.1.5. Healthcare & Social Work

9.1.5.1. Market Revenue and Forecast

9.1.6. IT & Telecom

9.1.6.1. Market Revenue and Forecast

9.1.7. Transportation & Logistics

9.1.7.1. Market Revenue and Forecast

9.1.8. Aerospace& Defense

9.1.8.1. Market Revenue and Forecast

9.1.9. Others

9.1.9.1. Market Revenue and Forecast

Chapter 10. Global 5G Services Market, By End Users 

10.1. 5G Services Market, by End Users,

10.1.1. Consumers

10.1.1.1. Market Revenue and Forecast

10.1.2. Enterprises

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global 5G Services Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Communication

11.1.2. Market Revenue and Forecast, by Vertical

11.1.3. Market Revenue and Forecast, by End Users

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Communication

11.1.4.2. Market Revenue and Forecast, by Vertical

11.1.4.3. Market Revenue and Forecast, by End Users

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Communication

11.1.5.2. Market Revenue and Forecast, by Vertical

11.1.5.3. Market Revenue and Forecast, by End Users

11.2. Europe

11.2.1. Market Revenue and Forecast, by Communication

11.2.2. Market Revenue and Forecast, by Vertical

11.2.3. Market Revenue and Forecast, by End Users

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Communication

11.2.4.2. Market Revenue and Forecast, by Vertical

11.2.4.3. Market Revenue and Forecast, by End Users

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Communication

11.2.5.2. Market Revenue and Forecast, by Vertical

11.2.5.3. Market Revenue and Forecast, by End Users

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Communication

11.2.6.2. Market Revenue and Forecast, by Vertical

11.2.6.3. Market Revenue and Forecast, by End Users

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Communication

11.2.7.2. Market Revenue and Forecast, by Vertical

11.2.7.3. Market Revenue and Forecast, by End Users

11.3. APAC

11.3.1. Market Revenue and Forecast, by Communication

11.3.2. Market Revenue and Forecast, by Vertical

11.3.3. Market Revenue and Forecast, by End Users

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Communication

11.3.4.2. Market Revenue and Forecast, by Vertical

11.3.4.3. Market Revenue and Forecast, by End Users

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Communication

11.3.5.2. Market Revenue and Forecast, by Vertical

11.3.5.3. Market Revenue and Forecast, by End Users

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Communication

11.3.6.2. Market Revenue and Forecast, by Vertical

11.3.6.3. Market Revenue and Forecast, by End Users

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Communication

11.3.7.2. Market Revenue and Forecast, by Vertical

11.3.7.3. Market Revenue and Forecast, by End Users

11.4. MEA

11.4.1. Market Revenue and Forecast, by Communication

11.4.2. Market Revenue and Forecast, by Vertical

11.4.3. Market Revenue and Forecast, by End Users

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Communication

11.4.4.2. Market Revenue and Forecast, by Vertical

11.4.4.3. Market Revenue and Forecast, by End Users

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Communication

11.4.5.2. Market Revenue and Forecast, by Vertical

11.4.5.3. Market Revenue and Forecast, by End Users

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Communication

11.4.6.2. Market Revenue and Forecast, by Vertical

11.4.6.3. Market Revenue and Forecast, by End Users

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Communication

11.4.7.2. Market Revenue and Forecast, by Vertical

11.4.7.3. Market Revenue and Forecast, by End Users

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Communication

11.5.2. Market Revenue and Forecast, by Vertical

11.5.3. Market Revenue and Forecast, by End Users

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Communication

11.5.4.2. Market Revenue and Forecast, by Vertical

11.5.4.3. Market Revenue and Forecast, by End Users

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Communication

11.5.5.2. Market Revenue and Forecast, by Vertical

11.5.5.3. Market Revenue and Forecast, by End Users

Chapter 12. Company Profiles

12.1. SK Telecom Co., Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Verizon Communications, Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. T-Mobile USA, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Rakuten Mobile Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. AT&T, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. BT Group plc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. China Mobile Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. China Telecom Corporation Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Saudi Telecom Company

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Vodafone Group

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global 5G services market size was reached at USD 125.73 billion in 2024 and is anticipated to rake around USD 13406.58 trillion by 2034.

The global 5G services market is expected to garner growth at a CAGR of 59.51% over the forecast period 2025 to 2034.

The major players operating in the 5G services market are SK Telecom Co., Ltd., Verizon Communications, Inc., T-Mobile USA, Inc., Rakuten Mobile Inc., AT&T, Inc., BT Group plc, China Mobile Ltd., China Telecom Corporation Ltd., Saudi Telecom Company, and Vodafone Group.

The worldwide 5G services industry is being driven by a rising reliance on machine-to-machine connectivity and an increase in mobile data traffic. The increasing demand for high-speed connectivity is propelling the 5G services market forward.

Asia-Pacific region will lead the global 5G services market in the forecast period 2025 to 2034.

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