5G Services Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 68.11 Billion
CAGR (2026-2031)	42.93%
Fastest Growing Segment	mMTC
Largest Market	North America
Market Size (2031)	USD 580.66 Billion

Market Overview

The Global 5G Services Market will grow from USD 68.11 Billion in 2025 to USD 580.66 Billion by 2031 at a 42.93% CAGR. 5G services encompass the provision of advanced telecommunications connectivity utilizing fifth-generation cellular technology to deliver high-speed data transfer, ultra-low latency, and massive network capacity. The primary drivers supporting this market include the escalating global demand for enhanced mobile broadband and the critical requirement for reliable connectivity within industrial automation and Internet of Things ecosystems. These factors represent fundamental infrastructural needs for digital transformation rather than temporary consumer shifts. According to 5G Americas, in 2025, global 5G connections rose to 2.4 billion by the end of the first quarter.

Despite the strong trajectory of adoption, a significant challenge impeding market expansion involves the substantial capital expenditure required for network densification and spectrum acquisition. Telecommunication operators face immense financial pressure to upgrade infrastructure and secure necessary frequency bands while navigating complex regulatory environments. This financial burden creates a barrier to entry and delays the universal deployment of services in cost-sensitive regions, potentially slowing the overall pace of global network maturity.

Key Market Drivers

Exponential Growth in Mobile Data Traffic and High-Bandwidth Consumption acts as a primary catalyst for the Global 5G Services Market. The substantial increase in data-intensive applications, such as ultra-high-definition streaming and immersive augmented reality, places significant pressure on legacy network capacities, necessitating the enhanced throughput and spectral efficiency of 5G infrastructure. Service providers are prioritizing network upgrades to manage this volume while maintaining service quality for consumers. According to Ericsson, June 2024, in the 'Ericsson Mobility Report', global mobile network data traffic grew by 25 percent between the first quarter of 2023 and the first quarter of 2024. This trajectory underscores the critical dependency on next-generation bandwidth capabilities to sustain consumer demand.

Accelerated Enterprise Digital Transformation and Industry 4.0 Automation serves as the second pivotal driver, shifting market focus from consumer subscribers to industrial utility. Organizations are leveraging standalone 5G private networks to support mission-critical operations, including autonomous logistics and real-time remote monitoring, which demand ultra-reliable low latency. These deployments are delivering rapid operational efficiencies for early adopters. According to Nokia, June 2024, in the 'Industrial Digitalization Report', 78 percent of surveyed enterprises reported achieving a positive return on investment within six months of deploying private wireless networks. Highlighting the broader economic impact of this connectivity, the GSMA, in 2024, reported that mobile technologies and services generated 5.4 percent of global GDP in 2023.

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Key Market Challenges

The substantial capital expenditure required for network densification and spectrum acquisition stands as a critical challenge directly hampering the expansion of the Global 5G Services Market. Telecommunication operators are compelled to invest heavily in upgrading infrastructure to support higher frequency bands and massive network capacity, creating a severe financial strain that slows deployment velocity. This cost burden acts as a significant barrier to entry and forces providers to prioritize deployment in densely populated, high-revenue urban centers while delaying rollout in rural or cost-sensitive regions. Consequently, this uneven distribution of services limits the total addressable market and decelerates the global adoption rate of advanced 5G capabilities.

The magnitude of this financial commitment is evident in recent industry projections which underscore the difficulty operators face in balancing aggressive network expansion with sustainable financial performance. According to the GSMA, in 2024, mobile operator capital expenditure is projected to reach $1.5 trillion between 2023 and 2030. This enormous funding requirement restricts the pace at which 5G services can achieve universal maturity and creates a persistent bottleneck for market growth.

Key Market Trends

The Rapid Expansion of Fixed Wireless Access (FWA) as a Fiber Alternative is reshaping connectivity by utilizing 5G capacity to deliver high-speed broadband without physical cables. This trend allows providers to monetize excess network capacity and rapidly capture market share in areas where fiber deployment is economically unfeasible. FWA is becoming a primary revenue stream, moving beyond traditional mobile subscriptions to compete directly with wired services. According to Ericsson, November 2024, in the 'Ericsson Mobility Report', global FWA connections were projected to reach 159 million by the end of 2024, illustrating the aggressive adoption of this technology.

The Transition from Non-Standalone to 5G Standalone (SA) Network Architectures represents a critical evolution necessary to unlock services like network slicing. Unlike initial deployments relying on 4G LTE cores, 5G SA employs a cloud-native core enabling operators to configure virtualized resources for specific requirements, a capability essential for advanced enterprise use cases. This architectural shift is gaining momentum as providers seek to differentiate their portfolios. According to the Global mobile Suppliers Association (GSA), November 2024, in the '5G-Market Snapshot', 64 operators had deployed, launched, or soft-launched standalone 5G in public networks by the end of October 2024, signaling a definitive move towards this advanced environment.

Segmental Insights

The Massive Machine Type Communications segment is currently experiencing the fastest growth in the Global 5G Services Market, driven by the surging demand for large-scale internet of things connectivity. This expansion is largely fueled by smart city initiatives and industrial automation, which require the simultaneous connection of millions of low-power devices. The segment benefits significantly from specifications developed by the Third Generation Partnership Project, which ensure these dense sensor networks operate efficiently. Consequently, industries such as logistics and utilities are rapidly adopting these services to maintain robust, wide-area operational control without overburdening network capacity.

Regional Insights

North America leads the global 5G services market due to early infrastructure development and widespread consumer adoption. Major telecommunication providers in the region have directed substantial capital toward network expansion and technology upgrades to support higher data speeds. Furthermore, the Federal Communications Commission has played a pivotal role by efficiently managing spectrum auctions, which accelerates commercial deployment within the United States. This proactive regulatory support, alongside a strong industrial demand for enhanced connectivity, ensures the region retains its commanding position in the international marketplace.

Recent Developments

In October 2025, AT&T announced the nationwide deployment of its 5G Standalone (SA) network, marking a significant transition from its previous non-standalone infrastructure. The company confirmed that millions of customers were already utilizing the new network, which enabled advanced capabilities such as faster upload speeds, ultra-low latency, and edge computing functions. The launch also supported the carrier's 5G Reduced Capability (RedCap) technology, designed for wearables and Internet of Things (IoT) devices. Executives at the telecommunications giant emphasized that the move to a fully independent 5G core was essential for offering reliable, programmable services to developers and enterprise clients.
In September 2025, Vodafone Three UK awarded major contracts to Ericsson and Nokia to support its £11 billion network investment plan. The agreement, valued at approximately £2 billion, designated the vendors to deploy 5G Radio Access Network (RAN) equipment across the United Kingdom. Ericsson was selected to upgrade thousands of sites to underpin the operator's population-wide 5G Standalone rollout, while Nokia was tasked with supplying equipment from its AirScale portfolio and modernizing the voice core. This collaboration aimed to deliver 5G Standalone connectivity to over 99% of the population by 2034, enhancing digital infrastructure for sectors such as manufacturing and financial services.
In February 2025, Vodafone UK successfully conducted a trial of 5G Standalone network slicing at the Principality Stadium in Cardiff. The operator created separate, dedicated network slices to guarantee connectivity for distinct use cases during a major sporting event. One slice was allocated to a photography agency for the rapid upload of large image files, while another supported live streaming services. The trial demonstrated how network slicing could provide guaranteed performance and bandwidth for critical applications even in congested environments. The company described the test as a significant step toward offering tailored connectivity solutions for enterprise customers.
In October 2024, Ericsson secured a multi-billion dollar contract from Bharti Airtel to supply 5G equipment for the Indian market. The deal involved the deployment of the Swedish vendor's 5G Radio System products, including massive MIMO antenna-integrated radios, to support the operator's ongoing network expansion. This agreement followed a surge in demand for 5G services in India and aimed to enhance coverage and capacity across the country. The collaboration was part of Bharti Airtel's strategy to upgrade its infrastructure and migrate customers to next-generation networks, positioning the company to meet the growing data consumption needs of its subscriber base.

Key Market Players

AT&T, Inc.
BT Group plc
China Mobile Ltd.
China Telecom Corporation Ltd.
Bharti Airtel Ltd.
NTT Docomo
KT Corp.
Saudi Telecom Company
Vodafone Group
Deutsche Telekom AG

By Communication Type	By Vertical	By End-Use	By Region
FWA eMBB uRLLC mMTC	Manufacturing IT & Telecom BFSI Others	Smart Cities Connected Workers Connected Vehicles Connected Factories Smart Buildings Smart Utilities Connected Healthcare Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global 5G Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

5G Services Market, By Communication Type:

FWA
eMBB
uRLLC
mMTC

5G Services Market, By Vertical:

Manufacturing
IT & Telecom
BFSI
Others

5G Services Market, By End-Use:

Smart Cities
Connected Workers
Connected Vehicles
Connected Factories
Smart Buildings
Smart Utilities
Connected Healthcare
Others

5G Services Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 5G Services Market.

Available Customizations:

Global 5G Services Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global 5G Services Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global 5G Services Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Communication Type (FWA, eMBB, uRLLC, mMTC)

5.2.2. By Vertical (Manufacturing, IT & Telecom, BFSI, Others)

5.2.3. By End-Use (Smart Cities, Connected Workers, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, Others)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America 5G Services Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Communication Type

6.2.2. By Vertical

6.2.3. By End-Use

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States 5G Services Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Communication Type

6.3.1.2.2. By Vertical

6.3.1.2.3. By End-Use

6.3.2. Canada 5G Services Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Communication Type

6.3.2.2.2. By Vertical

6.3.2.2.3. By End-Use

6.3.3. Mexico 5G Services Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Communication Type

6.3.3.2.2. By Vertical

6.3.3.2.3. By End-Use

7. Europe 5G Services Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Communication Type

7.2.2. By Vertical

7.2.3. By End-Use

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany 5G Services Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Communication Type

7.3.1.2.2. By Vertical

7.3.1.2.3. By End-Use

7.3.2. France 5G Services Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Communication Type

7.3.2.2.2. By Vertical

7.3.2.2.3. By End-Use

7.3.3. United Kingdom 5G Services Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Communication Type

7.3.3.2.2. By Vertical

7.3.3.2.3. By End-Use

7.3.4. Italy 5G Services Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Communication Type

7.3.4.2.2. By Vertical

7.3.4.2.3. By End-Use

7.3.5. Spain 5G Services Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Communication Type

7.3.5.2.2. By Vertical

7.3.5.2.3. By End-Use

8. Asia Pacific 5G Services Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Communication Type

8.2.2. By Vertical

8.2.3. By End-Use

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China 5G Services Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Communication Type

8.3.1.2.2. By Vertical

8.3.1.2.3. By End-Use

8.3.2. India 5G Services Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Communication Type

8.3.2.2.2. By Vertical

8.3.2.2.3. By End-Use

8.3.3. Japan 5G Services Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Communication Type

8.3.3.2.2. By Vertical

8.3.3.2.3. By End-Use

8.3.4. South Korea 5G Services Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Communication Type

8.3.4.2.2. By Vertical

8.3.4.2.3. By End-Use

8.3.5. Australia 5G Services Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Communication Type

8.3.5.2.2. By Vertical

8.3.5.2.3. By End-Use

9. Middle East & Africa 5G Services Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Communication Type

9.2.2. By Vertical

9.2.3. By End-Use

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia 5G Services Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Communication Type

9.3.1.2.2. By Vertical

9.3.1.2.3. By End-Use

9.3.2. UAE 5G Services Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Communication Type

9.3.2.2.2. By Vertical

9.3.2.2.3. By End-Use

9.3.3. South Africa 5G Services Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Communication Type

9.3.3.2.2. By Vertical

9.3.3.2.3. By End-Use

10. South America 5G Services Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Communication Type

10.2.2. By Vertical

10.2.3. By End-Use

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil 5G Services Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Communication Type

10.3.1.2.2. By Vertical

10.3.1.2.3. By End-Use

10.3.2. Colombia 5G Services Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Communication Type

10.3.2.2.2. By Vertical

10.3.2.2.3. By End-Use

10.3.3. Argentina 5G Services Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Communication Type

10.3.3.2.2. By Vertical

10.3.3.2.3. By End-Use

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global 5G Services Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. AT&T, Inc.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. BT Group plc

15.3. China Mobile Ltd.

15.4. China Telecom Corporation Ltd.

15.5. Bharti Airtel Ltd.

15.6. NTT Docomo

15.7. KT Corp.

15.8. Saudi Telecom Company

15.9. Vodafone Group

15.10. Deutsche Telekom AG

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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