Top 50 Companies in 5G Services Market: Key Insights & Innovations (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global 5G Services Market Size is projected to Grow from USD 123.34 Billion in 2024 to USD 1625.45 Billion by 2035, at a CAGR of 26.42% during the forecast period 2025–2035. Growing data traffic and the need for high-speed connectivity are driving the expansion of the worldwide 5G services market.
Introduction
The global market for 5G services is being driven by the increasing volume of mobile data traffic and the growing dependence on machine-to-machine connectivity. 5G services provide a completely mobile environment by increasing the amount of data sent across a wireless system built on high frequency and advanced antenna technology. The market for 5G services is also growing as a result of the increase in demand for internet subscriptions and the growing need for fast and extensive network coverage. A 5G services market forecast has also been produced as a result of the integration of 5G services with the internet of things in everyday activities, which has made it possible for high-speed data communication in applications like smart home energy management. Compared to the shift to the 5G environment, the connection revolutions are expected to increase three to four times faster. This is mostly because networking virtualization is developing so quickly and because more and more apps need a latent free connection. Owing to the previously described factors, it is anticipated that 5G services would be quickly accepted and adopted, and that other developing countries will thereafter quickly deploy 5G services.
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5G Services Market Size & Statistics
- The Market Size for 5G Services Was Estimated to be worth USD 123.34 Billion in 2024.
- The Market is Going to Expand at a CAGR of 26.42% between 2025 and 2035.
- The Global 5G Services Market Size is anticipated to reach USD 1625.45 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the 5G Services Market
- Asia-Pacific is expected to grow the fastest during the forecast period in the 5G Services Market.
Regional growth and demand
Asia-Pacific is expected to grow the fastest during the forecast period in the 5G services market. The Asia-Pacific market for 5G services is dominated by China, Japan, and South Korea. The adoption of new and advanced technologies is one of the key reasons propelling the growth of the Asia-Pacific 5G services market. To support the growth of the 5G services market in the area, market participants are embracing cutting-edge technologies including edge computing, blockchain, and 5G core technology. Additionally, the growth and development of the 5G services market in the Asia-Pacific region are being aided by the rise of the information technology sector.
North America is expected to generate the highest demand during the forecast period in the 5G services market. The market for 5G services in North America is expanding due to the rising demand for 5G networks. According to the June 2019 Ericcson Mobility Report, there would be almost 270 million 5G subscriptions in the region, accounting for roughly 60% of all mobile subscriptions. This demonstrates how much potential there is for 5G services in the area. Furthermore, Canadian market participants are investing heavily in the growth of the 5G services industry. For instance, Rogers purchased 20-year licenses to 600MHz spectrum in Ontario and Atlantic Canada for $1.7 billion in April 2019. This will enable its 5G network to support all industries.
Top 10 trends in the 5G Services Market
- Open Radio Access Networks (Open RAN)
- Network Slicing
- Ultra-Reliable Low Latency Communications (URLLC)
- Standalone 5G Infrastructure
- Massive Machine-Type Communications (mMTC)
- Enhanced Mobile Broadband (eMBB)
- Beamforming
- Expansion of Private 5G Networks
- IoT Integration and Edge Computing
- Energy-Efficient and Sustainable 5G Deployment
1. Open Radio Access Networks (Open RAN)
Open RAN enables disaggregation of hardware and software, allowing different vendors’ equipment to interoperate seamlessly. This flexibility drives down costs, accelerates innovation, and encourages wider deployment in both urban and rural regions, reshaping how telecom operators build and maintain 5G networks.
2. Network Slicing
Network slicing allows multiple virtual networks to coexist on a shared 5G infrastructure, with each “slice” optimized for specific use cases (such as emergency services, industrial automation, or streaming). This capability tailors network resources to individual customer or application needs, ensuring reliability and quality of service for mission-critical operations.
3. Ultra-Reliable Low Latency Communications (URLLC)
URLLC is a 5G feature designed for scenarios requiring near-instantaneous data transfer and high reliability, such as remote surgery, autonomous vehicles, or industrial robotics. It delivers ultra-low delays and robust connections that enable real-time applications not possible with previous network generations.
4. Standalone 5G Infrastructure
Standalone (SA) 5G refers to 5G networks using a dedicated 5G core, rather than relying on existing 4G infrastructure. SA 5G unlocks the full potential of 5G features like lower latency, better energy efficiency, and broader device support. It paves the way for advanced deployments such as smart cities and fully automated manufacturing.
5. Massive Machine-Type Communications (mMTC)
mMTC supports the simultaneous connection of billions of devices, including sensors, meters, and IoT endpoints, enabling the growth of smart cities, automated industries, and connected environments. 5G’s capacity to connect massive numbers of low-power devices is a foundational driver for future innovation and industry transformation.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the 5G services market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the 5G Services Market
- Huawei Technologies Co., Ltd.
- Ericsson
- Nokia Corporation
- Samsung Electronics
- Qualcomm Incorporated
- ZTE Corporation
- Cisco Systems
- NEC Corporation
- Intel Corporation
- Fujitsu Limited
- AT&T
- Verizon Communications
- T-Mobile US
- China Mobile
- Deutsche Telekom
- SK Telecom
- NTT Docomo
- Orange S.A.
- Telstra
- BT Group
- Swisscom
- Vodafone Group
- Rogers Communications
- KDDI Corporation
- China Telecom
1. Huawei Technologies Co., Ltd. — Headquarters: Shenzhen, China
Huawei Technologies Co., Ltd. is a global leader in the 5G services market, renowned for its innovative 5G network infrastructure, radio access networks, and advanced telecommunications technologies. Headquartered in Shenzhen, China, Huawei has made extensive investments in research and development to pioneer cutting-edge 5G solutions, including standalone networks, network slicing, and millimeter wave technology. Its comprehensive 5G portfolio supports ultra-reliable low latency communications (URLLC), massive machine-type communications (mMTC), and enhanced mobile broadband (eMBB), serving diverse industries such as smart cities, autonomous vehicles, and IoT integration. Huawei collaborates globally with telecom operators, technology partners, and governments, accelerating 5G adoption and driving the expansion of digital ecosystems.
2. Ericsson — Headquarters: Stockholm, Sweden
Ericsson stands as a leading force in the 5G services market, headquartered in Stockholm, Sweden. The company excels in designing and deploying 5G network infrastructure and radio access solutions that deliver ultra-fast, reliable, and scalable wireless connectivity. Ericsson’s major R&D investments enable it to advance 5G features such as standalone networks, network slicing, and millimeter wave technology. Its robust offering includes support for URLLC, mMTC, and eMBB, powering applications in connected vehicles, industrial automation, and smart city solutions. Through partnerships with telecom carriers and technology providers worldwide, Ericsson continues to accelerate 5G deployment and innovation on a global scale.
3. Nokia Corporation — Headquarters: Espoo, Finland
Nokia Corporation is a prominent name in the 5G services sector, headquartered in Espoo, Finland. As a technology innovator, Nokia focuses on delivering next-generation 5G network infrastructure, advanced radio access networks, and robust telecommunications solutions. With major investments in R&D, Nokia develops state-of-the-art 5G offerings involving network slicing, standalone architectures, and high-frequency millimeter wave capabilities. Its portfolio supports URLLC, mMTC, and eMBB to address the needs of industries such as manufacturing, smart cities, and automotive. Nokia collaborates with service providers and governments, playing a critical role in accelerating 5G adoption and creating resilient, high-performance communication networks.
4. Samsung Electronics — Headquarters: Suwon, South Korea
Samsung Electronics, based in Suwon, South Korea, is at the forefront of 5G technology innovation. The company drives the 5G services market with advanced infrastructure deployments, 5G-enabled devices, and integrated network solutions. Samsung’s focus on research and development has yielded breakthroughs in standalone 5G networks, network slicing, and millimeter wave technologies. It provides robust solutions for URLLC, mMTC, and eMBB, enabling seamless smart city initiatives, automated transport, and IoT integration. Samsung partners with telecom operators and enterprises worldwide, helping to accelerate the rollout and advancement of 5G networks for diverse use cases.
5. Qualcomm Incorporated — Headquarters: San Diego, California, USA
Qualcomm Incorporated is a key player in the 5G services market, with headquarters in San Diego, California, USA. The company leads the way in developing essential 5G chipsets, advanced radio access technologies, and end-to-end wireless solutions. Qualcomm’s innovative work in standalone network architectures, network slicing, and millimeter wave technology has set industry standards for performance and efficiency. Its products support URLLC, mMTC, and eMBB, empowering verticals such as automotive, industrial IoT, and immersive mobile experiences. Through collaborations with global device manufacturers and network operators, Qualcomm continues to drive the adoption and expansion of 5G services worldwide.
Are you ready to discover more about the 5G Services market?
The report provides an in-depth analysis of the leading companies operating in the global 5G services market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Huawei Technologies Co., Ltd.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Ericsson
- Nokia Corporation
- Samsung Electronics
- Qualcomm Incorporated
- ZTE Corporation
- Cisco Systems
- NEC Corporation
- Intel Corporation
- Others.
Conclusion
The 5G services market is experiencing rapid global expansion, driven by increasing demand for high-speed connectivity, ultra-low latency, and massive device integration across industries. Leading companies like Huawei, Ericsson, Nokia, Samsung, and Qualcomm are at the forefront, driving innovation in standalone networks, network slicing, and advanced antenna technologies. The adoption of 5G is enabling transformative applications in smart cities, autonomous vehicles, industrial automation, and immersive entertainment. Supportive government policies, growing enterprise adoption, and advancements in IoT and edge computing are further accelerating market growth. Overall, 5G is set to revolutionize communication infrastructure, unlocking new economic opportunities and redefining digital experiences worldwide.
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