Global 5G
Market Report
2024
5G Market size is USD 130.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 51.0% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global 5G Market size is USD 130.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 51.0% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global 5G Market Sales Revenue 2024 | $ 130.5 Billion |
Global 5G Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 51% |
Market Split by Application |
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Market Split by Communication type |
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Market Split by End user |
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Market Split by Enterprise |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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5G Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The 5G market is a major facet of the global industry focused on the worldwide development, deployment, and use of fifth-generation wireless technology. Despite being the latest addition to telecommunications standards, 5G has become the frontrunner in wireless technological evolution. 5G networks have the ability to provide far more rapid data speeds, lower latency, and greater capacity than previous generations. This difference allows for the development of new and exciting tools and services across industries that are only possible with the utilization of advanced small cells, massive MIMO (Multiple Input Multiple Output), and millimeter-wave infrastructure to generate high-performance wireless connections . 5G is influencing and accelerating the development of the automobile sector, industrial manufacturing, IoT, smart cities, and many more sectors while altering how we communicate, collaborate, and interact with technology.
Increasing Demand for High-speed Connectivity: In the modern digital era, the demand for high-speed connectivity is increasing from both individual consumers and industries. Individual consumers tend to watch streaming high-definition videos, download content in a matter of seconds, and enjoy flawless video and computer games. Industries are also implementing digitalization concepts such as Industry 4.0 and the Internet of Things , both of which need stable, high-bandwidth connections that allow for real-time data transmission and processing. To meet the growing demand for more efficient connectivity solutions, 5G, and beyond has become much more broadly adopted. Faster data rates, reduced latency, and increased network capacity are among the key features of 5G. In a world where things are quickly becoming increasingly interconnected, more efficient and reliable communication networks are required. The proliferation of Internet of Things (IoT) devices and smart technologies necessitates robust, high-capacity networks provided by 5G.
Regulatory challenges, infrastructure costs, cybersecurity concerns, and potential health risks are key restraints affecting the 5G market's growth. Potential restraints on the 5G market include regulatory challenges, infrastructure costs, security concerns, and spectrum availability issues.
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In June 2020, Today the Vodafone and Nokia partnership is extended, with seekings. At present a pilot 5G Open Radio Access Network (RAN) is going to be tested in Italy for the first time. Combined with Nokia — whose RAN market share has can be ranked in the world's top 3 and whose RAN technology was already deployed throughout Europe by Vodafone today — a more open environment of software providers, start-ups and local companies can enter the market through the APIs. This promotes competition and innovation, raises European competitiveness levels and gives it more digital autonomy on a solid industrial foundation.
(Source: https://www.vodafone.com/news/technology/vodafone-nokia-partner-introduce-open-ran-italy)
Top Companies Market Share in 5G Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America leads the 5G market by 2024. This leadership can be attributed to the strong growth of the infrastructure, heavy investments from the telecommunications companies, and early adoption of 5G by various players. Furthermore, the continent bears a tech-savvy population that craves the fastest speeds for streaming and use of diverse IoT devices among other applications. The regulatory environment and government backing of the rollout act as a catalyst for innovation and heavy investment in the new-generation telecommunications network. The region houses big technology companies that drive the creation of a 5G ecosystem and further cement North America’s lead as the top 5G market worldwide.
The Asia-Pacific region is leading the fastest grow in 5G market, with an increasing CAGR due to rising infrastructure investment, expeditious regulatory policies and an ever-larger consumer base eager for high-speed connections. Leading the world in the development and application of 5G, countries such as China, South Korea and Japan have been hailed as pioneers. This dynamic landscape brings Asia-Pacific to the fore of the global 5G market, a vast market that is growing exponentially with unmistakable CAGR.
The current report Scope analyzes 5G Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global 5G Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing 5G Industry growth. 5G market has been segmented with the help of its Application, Communication type End user, and others. 5G market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, in terms of application, the dominant segment in the 5G market is smart cities. This is largely due to the growing focus on urban development and sustainability, with 5G technology being a key enabler of smart infrastructure, transportation systems more efficient, and improved public services. For example, smart cities utilize 5G connectivity to allocate energy more effectively, manage traffic more efficiently, increase public safety through surveillance systems, and enable various IoT applications for the convenience of its citizens. The integration of 5G networks supports data collection and analysis in real-time, enabling city authorities to make timely decisions to improve the overall quality of life for urban residents. With continued accelerated urbanization worldwide, the demand for 5G-enabled smart city solutions is expected to remain strong, further solidifying its dominance in the 5G market space.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of 5G from 2019 to 2031. This will also help to analyze the demand for 5G across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Communication type of 5G are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product positioning and will assist you to understand opportunities and threats around the globe.
The Global 5G Market is witnessing significant growth in the near future.
In 2023, the Smart cities segment accounted for noticeable share of global 5G Market and is projected to experience significant growth in the near future.
The Enhanced Mobile Broadband segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies China Mobile (China) , Verizon (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Application | Smart cities, Smart buildings, Industry 4.0, Autonomous vehicles, Smart healthcare, Smart utilities, Immersive media & gaming, Other applications |
Communication type | Enhanced Mobile Broadband, Massive Machine Type Communication, Ultra-Reliable Low-Latency Communications |
End user | Consumers, Enterprises |
Enterprise | Banking, Financial Services, & Insurance (BFSI), Retail & eCommerce, Healthcare & Life Sciences, Manufacturing, Telecom, IT & ITeS, Media & Entertainment, Construction & Real Estate, Government & Public Safety, Transportation, & Logistics, Energy & Utilities, Education, Other Verticals (agriculture, travel & hospitality, mining, oil & gas, and sports) |
List of Competitors | China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), China Telecom (China), Orange (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica S.A (Spain), KT (South Korea), Roger Communications (Canada), Bell Canada (Canada), Etisalat (UAE), Saudi Telecom Company (Saudi Arabia), LG Uplus (South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), Dish Network (US), Reliance Jio Infocomm (India), Rakuten Group (Japan), MTN Group (South Africa), Bharti Airtel Limited (India), Telenor Group (Norway), JMA Wireless (US), Verana Networks (US), Celona (US), Mangata Networks (US), Airspan Networks (US), Edge Q (US), Omniflow (US), Aarna Networks (US) |
This chapter will help you gain GLOBAL Market Analysis of 5G. Further deep in this chapter, you will be able to review Global 5G Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Communication type Analysis 2019 -2031
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Chapter 12 Market Split by End user Analysis 2019 -2031
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Chapter 13 Market Split by Enterprise Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global 5G market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Smart cities have a significant impact on 5G market? |
What are the key factors affecting the Smart cities and Smart buildings of 5G Market? |
What is the CAGR/Growth Rate of Enhanced Mobile Broadband during the forecast period? |
By type, which segment accounted for largest share of the global 5G Market? |
Which region is expected to dominate the global 5G Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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