1. Market Research
  2. > ICT
  3. > Telecom Market Trends
5G Services Market - Growth, Trends, and Forecast (2020 - 2025)

5G Services Market - Growth, Trends, and Forecast (2020 - 2025)

  • April 2020
  • 147 pages
  • ID: 5891621
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The 5G Services Market is expected to grow at a CAGR of 30% over the forecast period (2020-2025). 5G networks offer low latency, higher data transfer speed, and the capacity to carry a large number of connections.

- The imminent arrival of 5G will not only allow the communications industry but also to other end-user industries to launch new products and services not previously possible, in the markets and increase productivity.
- 5G is expected to unleash a massive IoT ecosystem that would allow networks to serve for billions of connected devices. For Instance, according to Ericsson’s Mobility Report of June 2019, More than 10 million 5G subscriptions are projected worldwide by the end of 2019. This is indicative of the fact that the market is poised to grow throughout the forecast period.
- Also, VoLTE is the foundation for enabling voice and communication services on 5G devices, The number of VoLTE subscriptions is projected to reach 5.9 billion by the end of 2024, accounting for more than 85 percent of combined LTE and 5G subscriptions. This is expected to boost market growth over the forecast period.
- 5G network being deployed majorly on mmWave has a few drawbacks because Because it’s so high-frequency, the waves don’t travel long distances. However, the industry players through research and development already looking for a solution. For instance, T-Mobile launched its 5G network using mmWave but is also now testing its low-band (600 MHz) spectrum to build out its 5G network.
- The impact of Covid-19 on 5G services market is expected to be significant in the short-run as 5G launch projects in various markets around the globe is being postponed due to the pandemic. For Instance, in France, the spectrum auction for the 5G networks has reportedly been postponed owing to the coronavirus pandemic which was due to take place in April 2020. United Internet’s construction of subsidiary 1&1 Drillisch’s 5G network, among other projects, has also been delayed.
- Also, decisions such as UK Government’s plans of cancellation of 5G contracts with Huawei in the wake of Covid-19 may negatively impact the 5G market. In the long-run, the 5G services market will boost owing to greater adoption of 5G services both by individual consumers as well as by the enterprise businesses.

Key Market Trends
Increasing Data Traffic and Demand for High Speed Data Connectivity will Drive the Market Growth

Mobile data traffic is experiencing exponential growth, driven by data-capable devices and high-bandwidth applications (APPs). Ericsson, through its Mobility Report November 2019, provides an insight on mobile data traffic which grew 68% year-on-year for Q3 2019.

- 5G supports applications such as 8K video streaming, and Augmented Reality (AR), the Energy, Transport, Banking, Health, and Industrial Control Systems are also expected to depend extensively on digital infrastructure and 5G network. With rapid 5G development and subscription expected to reach 13 billion by end of 2019 (Ericsson and GSA Survey, 2018), the users are expecting new applications to emerge such as new Flickrs, YouTubes or Snapchats experiences.
- 5G standards will support ultra-HD voice and video to come up withnew applications that rely on voice communication, for instance, telepresence. The 5G’s device density, low latency, security and video capabilities will support added value communications offerings, like Rich Communication Services especially for enterprise.

North America is Expected to Hold the Largest Share

- The region is home to some of the major players in the telecom industry such as the AT&T, Verizon, Ericsson and many more which are continuously investing in the building up and advancing their infrastructure to keep pace with the technological advancements. This is expected to boost the adoption of the 5G services over the forecast period.
- The service providers have already launched the commercial 5G services in the region, both for fixed wireless access and mobile. According to the Ericcson’s Mobility Report of June 2019, the region is expected to hold close to 270 million 5G subscriptions accounting for more than 60 percent of mobile subscriptions. This is indicative of the fact that the region has excellent potential for 5G services.
- The Canadian service providers are increasingly investing for the procurement of 5G licenses which in turn would boost the demand for the 5G services in the region over the forecast period.
- For instance, in April 2019, wireless carrier Rogers spent USD 1.7 billion dollars for 20-year licenses to 600MHz spectrum blanketing Ontario, Northern Quebec, Atlantic Canada, Manitoba, and all three territories, which it expects will enable its 5G network to achieve everything from urban building penetration to powering agricultural, mining, industrial, and transportation projects.

Competitive Landscape
The competitive rivalry among the players in the 5G services industry is high owing to the presence of some major players such as AT&T, Verizon, Nokia amongst others. Their ability to continually innovate their offerings would enable them to gain a competitive advantage over other players. Through research and development, strategic partnerships, and mergers and acquisitions these players have been able to gain a strong footprint in the market.

- December 2019 - Nokia partnered with the Aruba-based communications provider, Setar, to provide a full end-to-end 5G network transformation. Nokia will upgrade RAN access and modernize elements of the core and data management systems. This is the first end-to-end 5G deal for Nokia in Latin America.
- March 2019 - Xplornet, the Canadian telecom provider announced the plans to invest over USD 500 million over the next five years to deliver 5G wireless services.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on