5G Services Market Revenue to Attain USD 8,404.85 Bn by 2033
10 Apr 2025
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5G Services Market Revenue and Trends 2025 to 2033
The global 5G services market revenue reached USD 200.55 billion in 2025 and is predicted to attain around USD 8,404.85 billion by 2033 with a CAGR of 59.51%. The demand for 5G services is growing due to a surge in the need for high-speed connectivity.
Market Overview
The 5G services market is distinguished by its improved data transmission speed, which can be 100 times faster than 4G, enabling faster downloads, smoother streaming, and more rapid online gaming. Also, 5G provides greater bandwidth, connecting more devices to the network simultaneously. It has less latency, minimizing the delay in communication between devices, hence enhancing real-time uses such as autonomous driving and video conferencing.
Report Highlights
By communication type, the enhanced mobile broadband (eMBB) segment dominated the 5G services market in 2024. The dominance of the segment can be attributed to the increasing adoption of this communication type by the majority of market players. The massive machine-type communications (mMTC) segment is expected to grow at the fastest rate over the forecast period. The growth of the segment can be credited to the rising demand for high-speed, smooth connectivity.
By vertical, the IT and telecom segment led the market in 2024. The dominance of the segment can be linked to the increasing demand for high data speeds for households and commercial applications. The manufacturing segment is expected to show the fastest growth over the projected period. The growth of the segment can be driven by increasing digitization among various manufacturing facilities.
Market Trends
Growing Demand for High-Speed Internet Connectivity
The increasing demand for more reliable and faster internet connectivity is the major growth driver of the 5G services market. With the proliferation of online gaming, high-definition streaming, augmented and virtual reality applications, and current data analysis, 4G networks sometimes struggle to fulfill the necessary bandwidth and speed requirements. Also, the launch of 5G technology, which offers faster data transmission rates, is further fueling market growth.
Technological Advancements and Research
Ongoing R&D initiatives in telecommunications technology are boosting the expansion of 5G services. Advancements in network architecture and other innovative technologies are crucial in achieving the high performance and speed promised by 5G. Moreover, these cutting-edge technologies are improving the capabilities of 5G networks by decreasing the cost, which makes them accessible to large sets of audiences.
Rising adoption of small cell 5G network
The extensive installation of small cell 5G networks has been propelled by the sudden growth in mobile data traffic. By offering higher data rates and lower latency, these cells, when kept in interior spaces or crowded regions, minimize network congestion and improve user experience. Furthermore, small cells are an essential feature of this network due to its flexibility and scalability, particularly in metropolitan areas.
Regional Insights
Asia Pacific dominated the 5G services market in 2024. The dominance of the region can be attributed to the surge in the information technology sector, coupled with the increasing adoption of innovative technologies like edge computing, blockchain, and 5G core technology. Moreover, major market players in the region are transforming various industries like automotive, healthcare, and entertainment, propelling market growth soon.
North America is anticipated to grow at the fastest rate in the 5G services market during the forecast period. The growth of the region can be linked to the increasing demand for 5G networks in countries such as the U.S. and Canada. Furthermore, partnerships between market players, ongoing government initiatives, and the growing need for smooth communication converge to revolutionize the region's growth soon.
5G Services Market Coverage
Report Attribute
Key Statistics
Market Revenue in 2025
USD 200.55 Billion
Market Revenue by 2033
USD 8,404.85 Billion
CAGR
59.51%
Quantitative Units
Revenue in USD million/billion, Volume in units
Largest Market
North America
Base Year
2024
Regions Covered
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Market News
In November 2024, the new 5G chipsets from Qualcomm again have come out for the 5G implementation for the new smartphones or the use of IoT devices. The new chipset brings advanced speeds with power improvements to make devices more affordable for device manufacturers so that they can churn out cheaper products. Ultimately, it will grow the ecosystem for 5G globally.
In March 2023, AT&T Inc. introduced a worldwide telecommunications product to assist communications service providers (CSPs) in managing the inventory of fiber and 5G networks. ServiceNow Telecom Network Inventory, built on the ServiceNow platform and accessible to telcos worldwide, was developed with design and technical advice from AT&T.
In January 2023, Bharti Airtel Ltd. announced the expansion of the next-generation high-speed network in Haryana by launching its 5G services in Hissar and Rohtak.In February 2023, Intel introduced the Intel® Infrastructure Power Manager for 5G core reference software, which offers average run-time3 CPU power reductions of 30%. The software was developed in partnership with SK Telecom.
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