5g Services Market size is estimated to reach USD 2,208.25 billion by 2030
5G Services Industry Overview The global 5G services market size was valued at USD 84.31 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 59.4% from 2023 to 2030. 5G wireless mobile services enable a fully mobile and connected environment by delivering a wide range of use cases and business models to consumers. Moreover, faster data speeds and extremely low latency offered by 5G technology would enhance the user experience while using 5G services for several use cases, such as Virtual Reality (VR) and Augmented Reality (AR) gaming, seamless video calling, and Ultra-High Definition (UHD) videos, among others. Growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management, is estimated to propel the adoption of these services over the forecast period. Moreover, the rising focus on building partnerships by 5G system integration providers with telecom operators i...