Public and Private Sector Investments Drive the 5G Service Market Growth

The 5G services market was valued at $136.5 billion in 2024 and is projected to reach $1.172.0 billion in 2030 and $7,110.9 billion by 2035, growing at a CAGR of 43.4% during the forecast period (2025–2035). Government-backed funding in Europe and the US is accelerating 5G trials, deployments, and innovation, increasing market adoption and awareness while promoting market growth. For instance, in May 2025, the European Commission, through the Smart Networks and Services Joint Undertaking (SNS?JU), announced a $140.8 million 2025 funding package to support trials and pilots deploying advanced 5G (and initial 6G) in key industry sectors across Europe.

Browse the full report description of “5G Services Market Size, Share & Trends Analysis Report by Communication Type (Enhanced Mobile Broadband, Massive Machine Type Communication, and Ultra-Reliable Low-Latency Communications), and by End-User (Banking, Financial Services, & Insurance (BFSI), Retail & E-Commerce, Healthcare & Life Sciences, Manufacturing, Telecom, IT & ITeS, Media & Entertainment, Construction & Real Estate, Government & Public Safety, Transportation & Logistics, Energy & Utilities, Education, and Others) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/5g-services-market

Manufacturing, media, transportation, logistics, emergency services, and healthcare are the focus of $26.4 million from a new call (Stream D), which builds on $114.4 million subsequently committed under Streams B and C. The initiative aims to validate these technologies in real-world settings, address sector-specific challenges, and help mature business models for future commercial roll?out.

• In June 2025, the Belfast 5G Innovation Region programme, Belfast City Council, launched a 5G funding competition with grants of up to $55,020 to $111,910 to businesses and organizations across the Belfast region. Managed by the Belfast 5G Innovation Region programme under the Belfast Region City Deal, it aims to promote innovative use of 5G and advanced wireless technologies to generate economic, social, and environmental benefits.

• In September 2023, the US National Science Foundation invested $25 million in five teams under its Convergence Accelerator Track G to develop secure 5G solutions for essential users such as the military and government, aiming to enhance resilience while operating through 5G networks.

Market Coverage

• The market number available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
  • By Communication Type
  • By End User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape - Ericsson AB, Huawei Technologies Co., Ltd., Nokia Corp., Qualcomm Technologies, Inc., and Samsung Electronics Co., Ltd., among others.

Key Questions Addressed by the Report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global 5G Services Market Report Segment

By Communication Type

• Enhanced Mobile Broadband
• Massive Machine Type Communication
• Ultra-Reliable Low-Latency Communications

By End-User

• Banking, Financial Services, & Insurance (BFSI)
• Retail & E-Commerce
• Healthcare & Life Sciences
• Manufacturing
• Telecom
• IT & ITeS
• Media & Entertainment
• Construction & Real Estate
• Government & Public Safety
• Transportation & Logistics
• Energy & Utilities
• Education
• Others (Hospitality and Tourism, and Defense and Aerospace)

Global 5G Services Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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