North America 5G Services Market Forecast to 2031 - Regional Analysis

Description

List of Tables

The North America 5G services market was valued at US$ 25,375.03 million in 2023 and is expected to reach US$ 8,87,334.55 million by 2031; it is estimated to register a CAGR of 55.9% from 2023 to 2031.

Increasing Number of 5G Subscribers Fuels North America 5G Services Market

Characteristics of 5G, such as ultra-low latency network, quicker internet, and broader device support, contribute to Industry 4.0, smart cities, driverless cars, and other innovations that improve the quality of life. 5G adoption is still growing despite ongoing economic difficulties and geopolitical upheaval in certain areas. Service providers continue to deploy 5G all around the world. According to the Ericsson mobility report, ~280 service providers worldwide have already introduced 5G services for sale, and over 40 have installed or introduced 5G standalone (SA) as of 2023. Enhanced mobile broadband (eMBB) is the most popular 5G service offered to customers by the service providers. The uptake of 5G subscriptions globally continues to be strong. According to GSMA Intelligence, consumers' 5G connections surpassed 1 billion at the end of 2022. Moreover, according to estimates from the Global Mobile Suppliers Association (GSA), there were 1.15 billion 5G users at the end of 2022-a surge of ~90% annually on 619 million users in 2021. In addition, according to data from SellCell, there were almost 951 million 5G users worldwide in 2022; however, predictions for 2023 showed a 50% increase to 1.48 billion users. The table below shows the increase in worldwide 5G subscribers:

Number of 5G Subscriptions Worldwide from 2019 to 2025

Year

Number of 5G Subscribers Worldwide (in million)

2019

12.47

2020

158.41

2021

509.62

2022

950.90

2023

1,480.50

2024

2,048.57

2025

2,638.60

Source: SellCell.com

After debuting in several major cities worldwide, 5G technology is rapidly expanding. The increasing number of 5G subscribers fuels the need for 5G services such as design and network consulting, planning, deployment and integration, network optimization, and 5G service quality management, propelling the growth of the 5G services market.

North America 5G Services Market Overview

The US is expected to hold the largest 5G services market share and record the highest CAGR during 2022-2030. The high rate of digitization in various industries in the US fueled the growth of the 5G services market. The increasing adoption of digitization and automation across various industries such as manufacturing, retail, and BFSI is further contributing to the rise in demand for advanced technologies for efficient and real-time communication and data transmission. For instance, in April 2022, Pete's adopted self-checkout systems across its 50 retail stores in the US. Moreover, the presence of a large number of market players, including AT&T, Verizon, T-Mobile, Dish, and Comcast, in the US contributes to the growth of the 5G services market.

North America 5G Services Market Revenue and Forecast to 2031 (US$ Million)

North America 5G Services Market Segmentation

The North America 5G services market is categorized into type, end user, and country.

By type, the North America 5G services market is segmented into enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), ultra-reliable low latency (uRLLC), and fixed wireless access (FWA). The enhanced mobile broadband (eMBB) segment held the largest share of the North America 5G services market share in 2023.

In end user, the North America 5G services market is bifurcated into enterprises and consumers. The enterprises segment held a larger share of the North America 5G services market share in 2023. Enterprises is sub segmented into IT & telecom, manufacturing, healthcare, BFSI, retail & e-commerce, and others.

Based on country, the North America 5G services market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America 5G services market in 2023.

Deutsche Telekom AG, Huawei Technologies Co Ltd, Nokia Corp, Orange SA, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc, Vodafone Group Plc, and ZTE Corp are some of the leading companies operating in the North America 5G services market.

Product Code: BMIRE00031402

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America 5G Services Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in Value Chain

5. North America 5G Services Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Number of 5G Subscribers
- 5.1.2 Rising Government Initiatives to Promote Deployment of 5G
5.2 Market Restraints
- 5.2.1 High Initial Cost
5.3 Market Opportunities
- 5.3.1 Increase in Adoption of IoT Devices
- 5.3.2 Digital Transformation
5.4 Trends
- 5.4.1 Standalone 5G Network Infrastructure
5.5 Impact of Drivers and Restraints:

6. 5G Services Market - North America Analysis

6.1 North America 5G Services Market Revenue (US$ Million), 2021-2031
6.2 North America 5G Services Market Forecast Analysis

7. North America 5G Services Market Analysis - by Type

7.1 Enhanced Mobile Broadband (eMBB)
- 7.1.1 Overview
- 7.1.2 Enhanced Mobile Broadband (eMBB): North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Massive Machine-Type Communications (mMTC)
- 7.2.1 Overview
- 7.2.2 Massive Machine-Type Communications (mMTC): North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Ultra-Reliable Low Latency (uRLLC)
- 7.3.1 Overview
- 7.3.2 Ultra-Reliable Low Latency (uRLLC): North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Fixed Wireless Access (FWA)
- 7.4.1 Overview
- 7.4.2 Fixed Wireless Access (FWA): North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)

8. North America 5G Services Market Analysis - by End User

8.1 Enterprises
- 8.1.1 Overview
- 8.1.2 Enterprises: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.3 IT & Telecom
  - 8.1.3.1 Overview
  - 8.1.3.2 IT & Telecom: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.4 Manufacturing
  - 8.1.4.1 Overview
  - 8.1.4.2 Manufacturing: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.5 Healthcare
  - 8.1.5.1 Overview
  - 8.1.5.2 Healthcare: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.6 BFSI
  - 8.1.6.1 Overview
  - 8.1.6.2 BFSI: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.7 Retail & Ecommerce
  - 8.1.7.1 Overview
  - 8.1.7.2 Retail & Ecommerce: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.8 Others
  - 8.1.8.1 Overview
  - 8.1.8.2 Others: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Consumers
- 8.2.1 Overview
- 8.2.2 Consumers: North America 5G Services Market - Revenue and Forecast to 2031 (US$ Million)

9. North America 5G Services Market - Country Analysis

9.1 North America
- 9.1.1 North America 5G Services Market Overview
- 9.1.2 North America 5G Services Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 North America 5G Services Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 United States: 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 United States: 5G Services Market Breakdown, by Type
    - 9.1.2.2.2 United States: 5G Services Market Breakdown, by End User
      - 9.1.2.2.2.1 United States: 5G Services Market Breakdown, by Enterprises
  - 9.1.2.3 Canada: 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 Canada: 5G Services Market Breakdown, by Type
    - 9.1.2.3.2 Canada: 5G Services Market Breakdown, by End User
      - 9.1.2.3.2.1 Canada: 5G Services Market Breakdown, by Enterprises
  - 9.1.2.4 Mexico: 5G Services Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 Mexico: 5G Services Market Breakdown, by Type
    - 9.1.2.4.2 Mexico: 5G Services Market Breakdown, by End User
      - 9.1.2.4.2.1 Mexico: 5G Services Market Breakdown, by Enterprises

10. Competitive Landscape

10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Expansion
11.5 Partnerships and Collaboration

12. Company Profiles

12.1 Verizon Communications Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Huawei Technologies Co Ltd
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Telefonaktiebolaget LM Ericsson
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Nokia Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Samsung Electronics Co Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 ZTE Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Vodafone Group Plc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Orange SA
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Deutsche Telekom AG
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 Word Index
13.2 About The Insight Partners