5G Services Market Share Insights | Global Demand & Trends analysis | Forecast 2030

5G Services Market size was valued at USD 113.44 Bn. in 2023 and the total revenue is expected to grow by 28.90% from 2024 to 2030, reaching nearly 670.74 Bn.

A completely mobile and connected environment is made possible by 5G wireless mobile services, which offer customers a variety of use cases and business models. The 5G technology's faster data rates and exceptionally low latency would improve the user experience while using 5G services for a variety of use cases, including seamless video chatting, Ultra-High Definition (UHD) videos, virtual reality (VR), and augmented reality (AR) gaming. The growth of the 5G services market is expected to increase through the forecast period thanks to the rising demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management.