5G Services Market Summary

The global 5G services market size was estimated at USD 125.36 billion in 2024 and is projected to reach USD 2,208.25 billion by 2030, growing at a CAGR of 62.2% from 2025 to 2030. This extraordinary growth is driven primarily by the increasing demand for faster download and upload speeds, seamless connectivity, and improved user experiences across both consumer and industrial applications. As digital adoption accelerates globally, users and enterprises alike are seeking network solutions that can support high data consumption, real-time interactions, and uninterrupted performance, thereby creating substantial opportunities for the expansion of 5G services.

In addition, the rising demand for improved bandwidth connectivity with low latency for several mission-critical applications such as medical diagnostics and surgery, precision manufacturing, drone connectivity, vehicle-to-everything, and various other advanced use cases is expected to contribute significantly to market growth. These applications require instantaneous data transmission and highly reliable connectivity, both of which are enabled efficiently by 5G technology. Furthermore, rising investments in 5G infrastructure worldwide by telecom operators and governments are accelerating deployments. Large-scale initiatives to upgrade network capabilities, expand small cell installations, and support emerging technologies such as IoT and edge computing continue to strengthen the overall market landscape.

Key Market Trends & Insights

• Asia Pacific dominated the 5G services market with the largest revenue share of 41.3% in 2024. Rapid urbanization, high smartphone penetration, and strong government support for digital transformation programs have encouraged early and widespread adoption of high-speed networks across the region.
• The 5G services market in the U.S. held a dominant position in 2024. The presence of established telecom companies, growing demand for smart devices, and early rollout of advanced 5G networks contributed significantly to the country's strong market position.
• Based on communication type, the enhanced mobile broadband (eMBB) segment led the market with the largest revenue share of 39.41% in 2024. The segment’s dominance is driven by increasing consumption of high-resolution video, immersive media, cloud gaming, and other data-intensive applications requiring superior network performance.
• Based on vertical, the enterprise segment accounted for the largest revenue share in 2024. Businesses across manufacturing, healthcare, retail, and logistics are integrating 5G solutions to improve automation, streamline operations, and support digital ecosystems that rely on high-speed, low-latency connectivity.

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Market Size & Forecast

• 2024 Market Size: USD 125.36 Billion
• 2030 Projected Market Size: USD 2,208.25 Billion
• CAGR (2025-2030): 62.2%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Some of the key companies in the 5G services industry include AT&T, Inc., China Mobile Limited, Verizon Communications Inc., Deutsche Telekom AG, Vodafone Group Plc, and others. Organizations are focusing on increasing their customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

• Deutsche Telekom AG is a telecommunications service provider in Germany. The company offers fixed-network/broadband, internet, mobile, and internet-based TV services and products for consumers and information and communication technology solutions for corporate and business customers.
• British Telecommunications plc is a connectivity service provider. It provides global businesses with connectivity, networking, and security solutions. The company’s customers span a wide range of customer segments, such as consumer customers, business customers, and communication providers.

Key Players

• AT&T, Inc.
• British Telecommunications plc
• China Mobile Ltd.
• China Telecom Corporation Ltd.
• Bharti Airtel Limited
• KT Corp.
• Saudi Telecom Company
• Vodafone Group Plc
• Deutsche Telekom AG
• SK Telecom Co., Ltd.
• Verizon Communications, Inc.
• NTT DOCOMO
• T-Mobile USA, Inc.
• Rakuten Mobile Inc.

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Conclusion

The global 5G services market is poised for remarkable expansion as demand for ultra-fast, reliable, and low-latency connectivity continues to intensify. The technology’s ability to support advanced applications such as autonomous systems, smart factories, remote healthcare, and real-time data processing is accelerating its adoption across both consumer and enterprise segments. Strong investments in network infrastructure and supportive government initiatives are further boosting market development worldwide. As industries evolve toward digital-first operations, 5G will play a central role in shaping new business models, enhancing productivity, and enabling innovative services, solidifying its position as a transformative force in global connectivity.