PUBLISHER: QYResearch | PRODUCT CODE: 1862506
PUBLISHER: QYResearch | PRODUCT CODE: 1862506
The global market for 5G Applications and Services was estimated to be worth US$ 124950 million in 2024 and is forecast to a readjusted size of US$ 583892 million by 2031 with a CAGR of 25.0% during the forecast period 2025-2031.
5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra low latency, more reliability, massive network capacity, increased availability, and a more uniform user experience to more users. Higher performance and improved efficiency empower new user experiences and connects new industries. 5G is a unified, more capable air interface. It has been designed with an extended capacity to enable next-generation user experiences, empower new deployment models and deliver new services. With high speeds, superior reliability and negligible latency, 5G will expand the mobile ecosystem into new realms. 5G will impact every industry, making safer transportation, remote healthcare, precision agriculture, digitized logistics - and more - a reality.
The rapid expansion of the 5G applications and services market is driven by a combination of technological advancements, industry demand, and supportive infrastructure development. A key driver is the increasing global demand for high-speed, low-latency, and high-capacity connectivity, particularly in areas such as high-definition video streaming, augmented reality (AR), virtual reality (VR), and cloud gaming, where 5G networks significantly enhance user experience. At the enterprise level, accelerating digital transformation across sectors like manufacturing, healthcare, logistics, and finance is creating strong demand for intelligent, real-time, and automated processes, fueling the deployment of 5G in scenarios such as industrial IoT, remote healthcare, and connected vehicles (V2X).
In addition, the surge in smart devices and exponential growth in IoT connections are pushing the need for massive machine-type communications (mMTC), one of 5G's core capabilities. Government initiatives and strategic investments in telecom infrastructure are further accelerating 5G rollout, especially in regions like Asia-Pacific, Europe, and North America. The rise of private 5G networks in industrial parks, factories, airports, and ports also adds a new dimension to market growth, offering enterprises greater control, security, and performance for mission-critical operations. As 5G continues to converge with emerging technologies such as artificial intelligence, edge computing, and cloud-native architectures, the scope and value of 5G applications and services are expected to grow even more significantly in the coming years.
Global key players of 5G Applications and Services include Ericsson, Huawei, etc. Global top 3 companies hold a share about 30%. Europe is the largest market, with a share about 40%, followed by North America and Asia Pacific with the share about 30% and 25%. In terms of product, eMBB (Enhance Mobile Broadband) is the largest segment, with a share over 40%. And in terms of application, the largest application is Manufacturing, with a share about 30%.
This report aims to provide a comprehensive presentation of the global market for 5G Applications and Services, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of 5G Applications and Services by region & country, by Type, and by Application.
The 5G Applications and Services market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 5G Applications and Services.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of 5G Applications and Services company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of 5G Applications and Services in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of 5G Applications and Services in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.