5G Applications and Services Market by Enterprise (Manufacturing, Media and Entertainment, Transportation and Logistics, Government), End User (Consumers and Enterprises), Application, Communication Type (eMBB, MMTC, URLLC, and FWA) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competive Index & Regional Footprints by MarketDigits - Forecast 2024-2032

Industry : Information Technology | Pages : 149 Pages | Published On : Mar 2024

The 5G Applications and Services Market is Valued USD 40.5 billion in 2020 and projected to reach USD 525.1 billion by 2027, growing at a CAGR of 44.2% During the Forecast period of 2024-2032.


The considerable growth in demand for dependable and ultra-low latency connectivity services with continuous enlargement of data traffic are the factors driving the market. The capital involved in the employment of network services may hinder the growth of market

The 5G applications and services market is bifurcated into industry vertical, application and region. The enhanced mobile broadband sub-segment is expected to lead the market for 5G services and is anticipated to reflect a considerable growth during the forecast period. This is recognized by the focus on 5G network operators to serve enhanced broadband capabilities for applications, such as high-speed AR/VR, UHD video, cloud-based gaming, and uninterrupted video calls. The eMBB provides very high data speeds for residential and commercial use.

5G Applications and Services Market Size

Market Size ValueUSD 40.5 billion in 2020
Market Size ValueUSD 525.1 billion by 2027
Forecast Period2024-2032
Base Year 2023
Historic Data2020
Segments Coveredxxxx
Geographics CoveredNorth America, Latin America, Europe, Asia-Pacific, Middle East & Africa

North America is projected to dominate the 5G services market with a share of 35.3% during the base year, owing the investments in deploying 5G network infrastructure. The investments in the U.S. for establishing smart industries, building smart homes, and rolling out smart city projects are anticipated to contribute to the market growth in North America during the forecast period. Asia Pacific, is the largest growing region during the forecast period since, the key market players such as China Telecom, China Mobile, SK Telecom, and KT Corporation are investing uncomplainingly in rolling out 5G network infrastructure in China, Japan, and South Korea. The research covers the current and historic 5G applications and services market size and its growth trend with company outline of Key players/manufacturers: AT&T, Airtel, BT Group, China Mobile, China Telecom, Deutsche Telecom, Korea Telecom, Sprint, Saudi Telecom Company, SK Telecom, Telstra, and Vodafone among others.

The 5G applications and services market research report provides an in-depth overview of the industry including market segmentation by industry vertical, application and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.

The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.

Market Scope and Market Size

5G applications and services market is segmented by region and further by countries, industry vertical, and application. Players, stakeholders, and other participants in the global 5G applications and services market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.

Report further studies the market development status and future and 5G Applications and Services Market trend across the world. Also, it splits 5G applications and services market segmentation by industry vertical, application and region to deep dive research and reveals market profile and prospects.

Major Classifications are as follows:

By Industry vertical

  • Manufacturing
  • Energy & Utility
  • Media & Entertainment
  • IT & Telecom
  • Transportation & Logistics
  • Healthcare
  • Retail
  • Agriculture
  • O&G and Mining
  • BFSI
  • Construction
  • Real Estate

By Application

  • Fixed Wireless Access (FWA)
  • Enhanced Mobile Broadband (eMBB)
  • Ultra-reliable and Low Latency Communications (uRLLC)
  • Massive Machine-type Communications (mMTC)

Reason to purchase this report:

  • Determine prospective investment areas based on a detailed trend analysis of the global 5G applications and services market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and 5G applications and services market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global 5G applications and services market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global 5G applications and services market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top 5G applications and services market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

Table of Contents:

    • Key Takeaways
    • Report Description
    • Market Scope & Definition
    • Stakeholders
    • Research Methodology
      • Market Size
      • Key Data Points From Primary Sources
      • Key Data Points From Secondary Sources
      • List Of Primary Sources
      • List Of Secondary Sources
    • Industry Segmentation
    • Market Trends Analysis
    • Major Funding & Investments
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunities
    • Value Chain Analysis
    • Pricing Analysis
    • Impact of Covid-19 On 5G Applications and Services Market By Industry vertical
    • Impact Of Covid-19 On 5G Applications and Services Market By Application
    • Impact of Covid-19 On 5G Applications and Services Market by Region
    • Introduction
    • Manufacturing
    • Energy & Utility
    • Media & Entertainment
    • IT & Telecom
    • Transportation & Logistics
    • Healthcare
    • Retail
    • Agriculture
    • O&G and Mining
    • BFSI
    • Construction
    • Real Estate
    • Fixed Wireless Access (FWA)
    • Enhanced Mobile Broadband (eMBB)
    • Ultra-reliable and Low Latency Communications (uRLLC)
    • Massive Machine-type Communications (mMTC)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest Of Asia Pacific
    • Rest of the World
      • Middle East
      • Africa
    • Introduction
    • Top Companies Ranking
    • Market Share Analysis
    • Recent Developments
      • New Product Launch
      • Mergers & Acquisitions
      • Collaborations, Partnerships & Agreements
      • Rewards & Recognition
    • AT&T
    • Airtel
    • BT Group
    • China Mobile
    • China Telecom
    • Deutsche Telecom
    • Korea Telecom
    • Sprint
    • Saudi Telecom Company
    • SK Telecom
    • Telstra
    • Vodafone


Table and Figures


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Covered Key Topics

Growth Opportunities

Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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