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5G Market Insights

5G Market size was valued at USD 26.12 Billion in 2023 and is projected to reach USD 63.15 Billion by 2030, growing at a CAGR of 16.54% during the forecast period 2024-2030.

The whole range of technology, infrastructure, services, and applications related to the implementation and use of fifth-generation (5G) wireless communication networks globally is included in the global 5G market. 5G, the next generation of telecommunications, promises to disrupt a number of industries and consumer experiences by offering a quantum leap in speed, capacity, latency, and connectivity. The deployment and growth of 5G network infrastructure, which includes base stations, small cells, antennas, and other devices required to enable high-speed wireless communication, is the fundamental focus of the global 5G market. The 5G standard's improved performance and capabilities—such as multi-gigabit data speeds, ultra-low latency, huge device connection, and network slicing for customized services—cannot be delivered without this infrastructure. In addition, a wide number of players are involved in the global 5G market, such as telecommunications companies, equipment producers, technology suppliers, government agencies, and end users from various industries. Telecommunications firms invest a lot of money in spectrum acquisition, network deployment, and service offerings to take advantage of the prospects that 5G technology presents. As a result, they play a key role in the development, operation, and monetization of 5G networks.

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5G Market Trends

The Global 5G Market is seeing dynamic changes that are changing connectivity and technology in the quickly changing telecom market. One of the most significant of these trends is the rapid rollout of 5G networks across the globe, which is being fueled by the rise in data-intensive applications and consumer demand for fast, low-latency connectivity. Furthermore, the adoption of 5G technology across many industries including manufacturing, healthcare, and transportation is spurring innovation and opening up fresh doors for global digital transformation.

Enterprise Adoption of Private 5G Networks

An important development in the global 5G market is the growing use of private 5G networks by businesses in a range of sectors. These networks enable businesses to deploy mission-critical applications, improve operational efficiency, and enable innovative use cases like autonomous logistics, smart factories, and augmented reality (AR) in the workplace. They do this by providing dedicated, high-speed connectivity that is tailored to the unique needs of businesses. The need for private network solutions is anticipated to increase as businesses look to capitalize on the revolutionary potential of 5G technology. This will encourage investment in infrastructure and services that are specifically designed to meet the needs of businesses.

Edge Computing Integration

The incorporation of edge computing capabilities into 5G networks is another new trend. By bringing computational resources closer to the data creation point, edge computing lowers latency and boosts performance for real-time applications. Organizations may unlock new potential for low-latency services, like driverless vehicles, remote surgery, and immersive gaming, by utilizing edge computing in conjunction with 5G connectivity. This trend is encouraging manufacturers of edge computing and telecoms to work together to provide integrated solutions that maximize network performance and allow for cutting-edge edge applications.

Rise of 5G-enabled IoT Solutions

Furthermore, there is an increasing tendency toward the creation and implementation of Internet of Things (IoT) solutions enabled by 5G. From smart cities and agriculture to healthcare and utilities, the convergence of 5G's high-speed, low-latency connection and the scalability and flexibility of IoT devices is propelling innovation in a wide range of industries. IoT solutions with 5G support enable enterprises to gather and evaluate data instantly, facilitating better decision-making, preventive maintenance, and process automation. The use of IoT solutions is anticipated to pick up speed as 5G networks continue to develop and expand, driving the global 5G market's expansion and opening up new avenues for value creation and connectivity-driven innovation.

5G Market Scope Of the Report

This report offers past, present as well as future analysis and estimates for the 5G Market. The market estimates that are provided in the report are calculated through an exhaustive research methodology. The research methodology that is adopted involves multiple channels of research, such as – primary research, secondary research, and subject-related expert advice. The market estimates are calculated based on the influence of the current market dynamics along with various economic, social, and political factors on the 5G Market. Also, various regulations, government spending, and research and development growth define the market data. Both positive, as well as negative changes to the market, are taken into consideration for the market estimates.

5G Market Competitive Landscape 

The market report lists the major players involved in the 5G Market under the competitive landscape and company profile chapters. The major players in the market are evaluated based on their product and/or service offerings, financial statements, key developments, strategic approach to the market, position in the market, geographical penetration, and other key features. The chapter also highlights the strengths, weaknesses, opportunities, and threats (SWOT analysis), winning imperatives, current focus and strategies, and threats from competition for the top three to five players in the market. Furthermore, the list of companies included in the market study can also be customized as per the client’s requirements. The competitive landscape section of the report covers details in terms of the top five company’s ranking, key developments such as recent developments, partnerships, mergers and acquisitions, new product launches, etc., the company’s regional footprint, and company industry footprint as per the market and Ace matrix.

Company Regional Footprint

This section provides geographical or regional level reach or their sales network presence for each of company’s considered for profiling.

Company Industry Footprint

This section provides the cross-analysis of industry verticals and market players that gives a clear picture of the company landscape with respect to the industries they are serving their products and services.

Ace Matrix

This section provides company benchmarking into Active, Cutting Edge, Innovator, and Emerging based on their product and business strategy. In Which, product strategy includes parameters such as Breadth & Depth of Product, Focus on Product Innovation, Product features & functions, Scalability whereas business strategy includes parameters such as geographical reach, Industry Coverage, Inorganic Growth, and Roadmap.

Top 5G Market Companies

The 5G Market Report delivers an in-depth analysis of leading and emerging players in the market. The Report provides comprehensive lists of key companies which have been enlisted on the basis of type of products they are offering & other factors in Market. Among company profiling market analysis, the analysts who worked on the report gave the year of market entry for each mentioned player can be considered for the research analysis.

The “Global 5G Market” study report will provide a valuable insight with an emphasis on the global market including some of the Top 5G Market Companies are AT&T, Airtel, BT, China Mobile, China Telecom, Deutsche Telekom, Korea Telecom, Sprint, Saudi Telecom, SK Telecom, Telstra, Vodafone, Verizon. 

5G Market Segmentation Analysis

By Type

  • mMTC and URLLC
  • eMBB
  • FWA

By Application

  • Smart Cities
  • Connected Factories
  • Smart Buildings
  • Connected Vehicles
  • Connected Healthcare
  • Connected Retail
  • Smart Utilities
  • Broadband
  • Voice

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

5G Market Report Coverage

Research Methodology

The qualitative and quantitative data of the 5G Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data. Secondary research done by Verified Market Reports research team through various sources such as
  • Company websites, annual reports, financial reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent, and regulatory databases
  • National government documents, statistical databases, and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market
  • Paid database
Verified Market Reports contacted various key opinion leaders from the same industry, who are top and mid-level executives from top companies as well as executives (marketing heads, regional heads) from End users to collect information/data such as the dominance of particular brand in each country as well as overall region, pricing of services and products. The data for total sales was determined through primary research in each of the countries by interviewing key opinion leaders which included insights from
  • C-Level Executives
  • Marketing Manager, Brand Manager, Product Manager
  • Sales Manager, Sales Officer, Regional Sales Manager, Country Manager
  • Procurement Manager
  • Production Manager
  • Technical Personnel
  • Distributors
The subject matter experts act as a key link to validate and substantiate the key research findings and understandings as the experts have acquired extensive experience in the market over the years. Secondary research data for the 5G Market are collected from the internet, printed documents (company annual reports and research papers) related to the industry, industrial magazines, association findings, government websites, and others. These multiple information sources provide a key outline of the market.
  1. Introduction of 5G Market
    1. Market Definition
    2. Market Segmentation
    3. Research Timelines
    4. Assumptions
    5. Limitations
  2. *This section outlines the product definition, assumptions and limitations considered while forecasting the market.
  3. Research Methodology
    1. Data Mining
    2. Secondary Research
    3. Primary Research
    4. Subject Matter Expert Advice
    5. Quality Check
    6. Final Review
    7. Data Triangulation
    8. Bottom-Up Approach
    9. Top-Down Approach
    10. Research Flow
  4. *This section highlights the detailed research methodology adopted while estimating the overall market helping clients understand the overall approach for market sizing.
  5. Executive Summary
    1. Market Overview
    2. Ecology Mapping
    3. Primary Research
    4. Absolute Market Opportunity
    5. Market Attractiveness
    6. 5G Market Geographical Analysis (CAGR %)
    7. 5G Market by Type USD Million
    8. 5G Market by Application USD Million
    9. Future Market Opportunities
    10. Product Lifeline
    11. Key Insights from Industry Experts
    12. Data Sources
  6. *This section covers comprehensive summary of the global market giving some quick pointers for corporate presentations.
  7. 5G Market Outlook
    1. 5G Market Evolution
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Market Restraints
      1. Restraint 1
      2. Restraint 2
    4. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
    5. Market Trends
      1. Trend 1
      2. Trend 2
    6. Porter's Five Forces Analysis
    7. Value Chain Analysis
    8. Pricing Analysis
    9. Macroeconomic Analysis
    10. Regulatory Framework
  8. *This section highlights the growth factors market opportunities, white spaces, market dynamics Value Chain Analysis, Porter's Five Forces Analysis, Pricing Analysis and Macroeconomic Analysis
  9. by Type
    1. Overview
    2. mMTC and URLLC
    3. eMBB
    4. FWA
  10. by Application
    1. Overview
    2. Smart Cities
    3. Connected Factories
    4. Smart Buildings
    5. Connected Vehicles
    6. Connected Healthcare
    7. Connected Retail
    8. Smart Utilities
    9. Broadband
    10. Voice
  11. 5G Market by Geography
    1. Overview
    2. North America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Germany
      2. United Kingdom
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    4. Asia Pacific Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. China
      2. India
      3. Japan
      4. Rest of Asia Pacific
    5. Latin America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Brazil
      2. Argentina
      3. Rest of Latin America
    6. Middle East and Africa Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  12. This section covers global market analysis by key regions considered further broken down into its key contributing countries.
  13. Competitive Landscape
    1. Overview
    2. Company Market Ranking
    3. Key Developments
    4. Company Regional Footprint
    5. Company Industry Footprint
    6. ACE Matrix
  14. This section covers market analysis of competitors based on revenue tiers, single point view of portfolio across industry segments and their relative market position.
  15. Company Profiles
    1. Introduction
    2. AT&T
      1. Company Overview
      2. Company Key Facts
      3. Business Breakdown
      4. Product Benchmarking
      5. Key Development
      6. Winning Imperatives*
      7. Current Focus & Strategies*
      8. Threat from Competitors*
      9. SWOT Analysis*
    3. Airtel
    4. BT
    5. China Mobile
    6. China Telecom
    7. Deutsche Telekom
    8. Korea Telecom
    9. Sprint
    10. Saudi Telecom
    11. SK Telecom
    12. Telstra
    13. Vodafone
    14. Verizon.

  16. *This data will be provided for Top 3 market players*
    This section highlights the key competitors in the market, with a focus on presenting an in-depth analysis into their product offerings, profitability, footprint and a detailed strategy overview for top market participants.

  17. Verified Market Intelligence
    1. About Verified Market Intelligence
    2. Dynamic Data Visualization
      1. Country Vs Segment Analysis
      2. Market Overview by Geography
      3. Regional Level Overview

  18. Report FAQs
    1. How do I trust your report quality/data accuracy?
    2. My research requirement is very specific, can I customize this report?
    3. I have a pre-defined budget. Can I buy chapters/sections of this report?
    4. How do you arrive at these market numbers?
    5. Who are your clients?
    6. How will I receive this report?

  19. Report Disclaimer

Companies featured in this report

  • AT&T
  • Airtel
  • BT
  • China Mobile
  • China Telecom
  • Deutsche Telekom
  • Korea Telecom
  • Sprint
  • Saudi Telecom
  • SK Telecom
  • Telstra
  • Vodafone
  • Verizon.

Frequently Asked Questions

How big is the 5G Market?
5G Market was valued at USD 26.12 Billion in 2023 and is projected to reach USD 63.15 Billion by 2030, growing at a CAGR of 16.54% during the forecast period 2024-2030.
Who are the major players in the 5G Market?
The “Global 5G Market” study report will provide a valuable insight with an emphasis on the global market including some of the Top 5G Market Companies are AT&T, Airtel, BT, China Mobile, China Telecom, Deutsche Telekom, Korea Telecom, Sprint, Saudi Telecom, SK Telecom, Telstra, Vodafone, Verizon. 
Which segments are covered in the report of 5G Market?
The 5G Market is Segmented On The Basis Of Type, Application, And Geography.
Which regions are covered in the report that having a potential scope for the 5G Market?
On the basis of Geography, The 5G Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
How can I get a sample report of statistical data for the 5G Market?
Verified Market Reports provides a sample report for the 5G Market as per requirements. In addition to that, 24*7 chat support & direct call services are available for further assistance.
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