5G Services Market Size, Share, Growth & Analysis 2034

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Short note on scope: “5G services” here refers to the revenue opportunity from mobile-network operators’ 5G service offerings (consumer mobile

Nice — below is a compact, source-backed company-reference + market snapshot for the 5G services market, organized exactly to your headings. I pulled recent market reports, operator/vendor annual results and news (2024–2025/2026 coverage where available) so the most important facts have sources you can follow.

Short note on scope: “5G services” here refers to the revenue opportunity from mobile-network operators’ 5G service offerings (consumer mobile, fixed wireless access, enterprise/private 5G, IoT/vertical services, network-as-a-service features such as network slicing/APIs) plus the ecosystem spending that directly enables those services (operator managed services, core/cloud/edge services). Different reports use slightly different scopes — I flag sources where figures diverge.

Read complete report at: https://www.thebrainyinsights.com/report/5g-services-market-13553

Market snapshot (selected estimates)

  • Representative market sizes (vary by methodology): Grand View Research: USD 125.36 billion (2024) base, with a very large upside forecast to 2030. MarketsandMarkets / Mordor / IMARC show larger 2023–2025 baselines and high multi-year CAGRs (examples: MarketsandMarkets ~USD 205.5B in 2023 → USD 497.2B by 2028, CAGR ~19.3%; IMARC / others report even bigger forecasts depending on scope). Use the figure that matches your scope (core operator service revenue vs. total 5G-enabled services). 

Recent developments

  • 5G Standalone (SA) momentum & private 5G pilots: Operators are accelerating SA core rollouts and private-5G projects for industry (manufacturing, ports, smart cities), but only a minority of MNOs had launched SA by 2024–25 — deployments are increasing and unlocking new service capabilities (slicing, ultra-low latency). 

  • Major new vendor/operator deals and capex programs (example: large multi-year RAN/core contracts in 2025 that will expand 5G capacity and features — e.g., Ericsson & Nokia deal for VodafoneThree UK). 

  • Open RAN, cloud-native core and edge integration moving from trials toward selective commercial rollouts; ecosystem activity (vendors + hyperscalers) is increasing. 

Drivers

  1. Enterprise digitalization & Industry 4.0 (real-time automation, private 5G, AR/VR, remote control).

  2. Fixed Wireless Access (FWA) and broadband substitution in under-served or high-density areas.

  3. Consumer demand for higher speeds, low latency (cloud gaming, XR) and rising smartphone 5G penetration.

Restraints

  • Capex strain and long ROI horizons for full SA/core/edge deployment (especially for smaller operators).

  • Fragmented device & ecosystem readiness (RedCap/IoT device maturity is improving but still rolling out).

  • Regulatory / spectrum allocation delays in some markets and geopolitical vendor restrictions in others.

Regional segmentation analysis

  • Asia-Pacific: leads in subscriber base, deployments and growth (large China, South Korea, Japan rollouts and enterprise initiatives). APAC often shows the largest absolute spending and fastest volume growth.

  • North America: high ARPU for operators and fast adoption of advanced features (network slicing pilots, edge/cloud partnerships). Large operator service revenues (Verizon, AT&T, T-Mobile) drive big domestic 5G service monetization. 

  • Europe: strong SA upgrade activity among tier-1 operators and emphasis on Open RAN/energy efficiency and regulatory goals. Recent multi-billion contracts (UK, Western Europe) highlight investments. 

Emerging trends

  • Private 5G & enterprise managed services (manufacturing, transport, utilities). 

  • Network slicing + APIs for enterprise/wholesale platforms (monetization experiments). 

  • 5G Advanced / RedCap enabling lower-cost IoT/industrial devices and broadening use cases in 2025 and beyond.

Top use cases

  • Fixed Wireless Access (FWA) to extend broadband.

  • Private 5G for factories/ports/warehouses (low-latency control, video analytics).

  • Mission-critical applications (remote surgery pilots, autonomous vehicles trials — still nascent at scale). 

Major challenges

  • Monetization path for advanced features (who pays for slicing/low-latency SLAs — operator, enterprise or ecosystem?).

  • Interoperability & complexity (cloud-native cores, multi-vendor RAN/Open RAN).

Attractive opportunities

  • Managed private-5G + edge compute bundles sold as a service to industry. 

  • FWA to capture home broadband share in under-served markets. 

  • Value-added services (cloud gaming, XR, remote diagnostics) tied to low-latency SLAs. 

Key factors of market expansion

  1. Speed of SA core & edge rollouts (enables slicing, network APIs and new SLAs).

  2. Device ecosystem maturity (RedCap / industrial 5G endpoints).

  3. Regulatory clarity on spectrum & enterprise licensing (encourages private 5G).


Top companies — references & public values (representative figures)

I list vendor/operators that directly capture the 5G services opportunity and the publicly reported revenue figures I could confirm quickly. Many vendors don’t publish “5G-only” revenue; the values below are company-level revenues or segment figures from annual reports/news.

Network vendors / infrastructure

  • Ericsson — Net sales (full year 2024): SEK 247.9 billion (~USD 23.4B). Ericsson is a top RAN/core supplier and a major beneficiary of operator 5G capex. 

  • Nokia — Net sales (2024): ~€19–22 billion (reported net sales growth and Q4/2024 results). Nokia is a major vendor in RAN/core and is investing in cloud/edge products. 

  • Huawei — Total revenue (2024): CNY 862.1 billion (~USD 120B range). Huawei remains a leading global RAN/ICT vendor (regional restrictions apply). 

  • Samsung Electronics (Networks business) — Samsung’s network business sits inside Samsung Electronics (large overall revenues; networks is a growing division supplying RAN & servers for 5G). (See Samsung investor materials for the networks revenue breakdown).

  • Qualcomm — Fiscal 2024 revenue: USD 39.0 billion (chipset & modem supplier powering 5G devices and modules). Qualcomm captures device-side value for 5G. 

Operators (large 5G service revenue pools)

  • Verizon Communications — Total operating revenue (full-year 2024): USD 134.8 billion. Verizon is a major 5G service provider in the U.S. and investor in 5G monetization initiatives. 

  • AT&T — Revenues (full-year 2024): ~USD 122.3 billion. AT&T is advancing 5G+ and enterprise services.

  • T-Mobile US — Revenue (2024): USD 81.4 billion. Large U.S. operator with heavy 5G footprint.

  • China Mobile — Operating revenue (2024): RMB 1,040.8 billion (~USD 150B+ depending on FX). China Mobile is the world’s largest operator by subscribers and a major 5G services engine in APAC. 


Quick sources (selected)

  • Grand View Research — 5G services market size / forecast.

  • MarketsandMarkets / IMARC / Mordor — alternate market sizing and growth scenarios (useful for sensitivity).

  • Dell Technologies / Analysys Mason Open Network Index — SA momentum, cloud-native/edge trends. 

  • Reuters / news — vendor/operator contract and rollout examples (VodafoneThree RAN deal with Ericsson/Nokia; BT/EE 5G+ upgrades). 

  • Vendor/operator annual reports (Ericsson, Nokia, Huawei, Verizon, AT&T, China Mobile, Qualcomm).


If you want, I can immediately (pick one):
A) Build a one-page Excel/CSV listing the top 20 vendors/operators with the exact revenue lines and direct source links I used;
B) Produce a 6-slide deck summarizing market size scenarios, trends, 5 enterprise use-cases and the competitive map; or
C) Produce a regionally focused brief (e.g., APAC or North America) that extracts country-level operator 5G metrics and local vendors.

Which output do you want me to generate now?

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