5G Technology Market

By Offering;

Hardware, Software, and Services

By Connectivity;

Enhanced Mobile Broadband (Embb), Ultra-Reliable Low Latency Communication (Urllc), and Massive Machine Type Communication (Mmtc)

By Application;

Connected Vehicles, Monitoring & Tracking, Automation, Smart Surveillance, Vr & Ar, Enhanced Video Services, and Others

By End User;

Manufacturing, Automotive, Energy & Utilities, Transportation & Logistics, Healthcare, Government, Media & Entertainment, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn100808560 Published Date: August, 2025

5G Technology Market Overview

5G Technology Market (USD Million)

5G Technology Market was valued at USD 38,725.43 million in the year 2024. The size of this market is expected to increase to USD 1,322,569.69 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 65.6%.


5G Technology Market

*Market size in USD million

CAGR 65.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)65.6 %
Market Size (2024)USD 38,725.43 Million
Market Size (2031)USD 1,322,569.69 Million
Market ConcentrationLow
Report Pages318
38,725.43
2024
1,322,569.69
2031

Major Players

  • Intel Corporation
  • Deutsche Telekom Ag
  • Ericsson
  • Huawei Technologies Co., Ltd.
  • Nokia Corporation
  • Orange
  • Qualcomm Technologies, Inc.
  • Telecom Italia
  • Telstra
  • T-Mobile Usa, Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

5G Technology Market

Fragmented - Highly competitive market without dominant players


The 5G Technology Market is gaining strong momentum, with over 55% of telecom operators and device makers rolling out 5G systems to ensure smooth integration of high-capacity, low-latency services and virtual network architectures. These systems enable smart connectivity for mobile devices, IoT, and critical applications. Through smart strategies, providers are enhancing frequency reuse, infrastructure virtualization, and robust security—driving continuous growth in network capabilities.

Opportunities and Expansion
Approximately 50% of operators and industry innovators are exploring opportunities to integrate standalone 5G, edge computing, and industrial IoT into their roadmaps. These additions enable factory automation, connected vehicles, and AR experiences. The market is unlocking expansion into healthcare, manufacturing, entertainment, and public infrastructure.

Technological Advancements
Fueled by key technological advancements, more than 63% of current deployments feature network slicing, edge-native application hosting, and beamforming MIMO technologies. These optimizations improve network efficiency, reduce latency, and bolster customization. A surge of innovation is shifting 5G toward adaptive, intelligent networking capabilities.

Future Outlook
With more than 60% of digital strategies centered around 5G integration, the future outlook is positive. These systems will catalyze enterprise growth by enabling immersive services, smart applications, and next-gen automation. As 5G evolves and prepares the path for future wireless systems, this market is on course for sustained expansion and strategic leadership in digital transformation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Offering
    2. Market Snapshot, By Connectivity
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. 5G Technology Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Surge in mobile data traffic growth
        2. Expansion of smart connected device ecosystem
        3. Rising demand for ultra-low latency services
        4. Increase in autonomous and IoT application
      2. Restraints
        1. High initial investment for infrastructure rollout
        2. Spectrum allocation and regulatory complexity issues
        3. Limited rural accessibility and network coverage gaps
        4. Concerns regarding health and environmental impacts
      3. Opportunities
        1. Emergence of private enterprise 5G networks
        2. Growth in smart city infrastructure development
        3. Integration of 5G with emerging technologies
        4. Government support for nationwide 5G initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. 5G Technology Market, By Offering, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Services
    2. 5G Technology Market, By Connectivity, 2021 - 2031 (USD Million)
      1. Enhanced Mobile Broadband (Embb)
      2. Ultra-Reliable Low Latency Communication (Urllc)
      3. Massive Machine Type Communication (Mmtc)
    3. 5G Technology Market, By Application, 2021 - 2031 (USD Million)
      1. Connected Vehicles
      2. Monitoring & Tracking
      3. Automation
      4. Smart Surveillance
      5. Vr & Ar
      6. Enhanced Video Services
      7. Others
    4. 5G Technology Market, By End User, 2021 - 2031 (USD Million)
      1. Manufacturing
      2. Automotive
      3. Energy & Utilities
      4. Transportation & Logistics
      5. Healthcare
      6. Government
      7. Media & Entertainment
      8. Others
    5. 5G Technology Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Intel Corporation
      2. Deutsche Telekom Ag
      3. Ericsson
      4. Huawei Technologies Co., Ltd.
      5. Nokia Corporation
      6. Orange
      7. Qualcomm Technologies, Inc.
      8. Telecom Italia
      9. Telstra
      10. T-Mobile Usa, Inc.
  7. Analyst Views
  8. Future Outlook of the Market