Press release
Global 5G Technology Market to Skyrocket to US$ 357.1 Billion by 2031, Fueled by IoT Proliferation and Network Virtualization
5G Technology Market
5G technology is the fifth generation of wireless mobile networks, designed to deliver ultra-fast internet speeds, extremely low latency, and massive device connectivity. It enables transformative applications such as autonomous vehicles, remote surgery, smart cities, and advanced IoT ecosystems by providing significantly improved performance over previous generations like 4G LTE.
Key Highlights from the 5G Technology Market Report
✦ Market Size & Growth: Global market to expand from US$ 19.1 billion in 2022 to US$ 357.1 billion by 2031 at a 44.2% CAGR.
✦ Leading Connectivity: eMBB holds 39% share, with URLLC at 26%, mMTC 20%, and niche services 15%.
✦ Top Applications: Commercial services (35%), connected vehicles (20%), VR/AR (15%), enhanced video (20%), others (10%).
✦ Chief End-Users: IT & telecom (35%), industrial (25%), automotive (15%), government (10%), other sectors (15%).
✦ Regional Leaders: Asia-Pacific leads with 35% of revenues, followed by North America (28%), Europe (20%), Latin America (10%), Middle East & Africa (7%).
✦ Fastest Growing Region: Asia-Pacific, driven by large-scale rollouts in China and India.
✦ Innovation Trends: Network slicing, Open RAN deployments, AI-driven operations, and 5G-Advanced standard evolution are reshaping the competitive landscape.
Request a Free Sample PDF of This Report (Corporate Email IDs Receive Priority Service): https://www.datamintelligence.com/download-sample/5g-technology-market?kb
Market Segmentation
The 5G market is divided
By Connectivity: Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low Latency Communication (URLLC), Massive Machine Application Communication (mMTC), Others
By Application: Commercial, Connected Vehicles, VR & AR, Enhanced Video Services, Others
By End-User: Industrial, IT & Telecom, Automotive, Government, Others
Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/5g-technology-market?kb
Major Players and Recent Developments
AT&T Inc.
Launched an industry-first converged fiber/5G integrated gateway for business customers in early 2025, ensuring uninterrupted connectivity by automatically switching to 5G during fiber outages.
Reported Q4 2024 results highlighting strong 5G subscriber growth and network coverage exceeding 310 million people across 26,100+ U.S. cities and towns.
BT Group plc
Conducted Europe's first real-world 5G standalone network slicing trial at Belfast's Christmas Market in December 2024, demonstrating bespoke capacity for mobile payments.
Declared its EE network the "best 5G standalone in Europe" in early 2025, citing low-band spectrum deployments that boosted indoor availability to 67.45%-over 20 points ahead of its nearest rival.
China Mobile Ltd.
Exceeded one billion total 5G connections in 2024 and invested RMB 164 billion in 5G network expansion, with plans to add 340,000 base stations in 2025 to reach 2.8 million stations nationwide.
Unveiled its "AI+NETWORK" strategy at MWC 2024, integrating AI-driven optimization into 5G-Advanced deployments to enhance spectral efficiency and support new IoT-A applications.
China Telecom Corporation Ltd.
Rolled out its 5G UpSpeed plan in mid-2024, delivering up to 1 Gbps peak speeds to over 100 million users through upgraded mid-band spectrum.
Partnered with Ericsson in late 2024 to deploy edge-computing nodes across major Chinese cities, cutting application latency by up to 40% for gaming and industrial control.
Bharti Airtel Ltd.
Extended 5G coverage to 18 Indian states by Q1 2025, targeting 600 million population coverage by year-end through spectrum in 1800 MHz and 3500 MHz bands.
Launched Airtel 5G Plus home broadband in March 2025, pairing fixed wireless access devices with Galaxy FWA gateways to deliver gigabit-class speeds where fiber is unavailable.
✦Other Key Players:
•NTT Docomo Kingspan
•KT Corp
•Saudi Telecom Company
•Vodafone Group
•Deutsche Telekom AG
Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/enquiry/5g-technology-market?kb
Conclusion
As digital ecosystems deepen and network demands multiply, 5G technology stands at the forefront of global connectivity transformation. However, challenges persist: high infrastructure costs, spectrum allocation complexities, device ecosystem maturity, and evolving security threats require sustained innovation and policy support. Advances in Open RAN, network-as-a-service models, and 5G-Advanced (5.5G) standards will be critical to driving down costs, enhancing interoperability, and unlocking emerging use cases in AI, immersive media, and industrial automation. Collaboration among operators, equipment vendors, regulators, and enterprises will determine whether the promise of ubiquitous, ultra-fast, and intelligent 5G networks is fully realized by 2031 and beyond.
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global 5G Technology Market to Skyrocket to US$ 357.1 Billion by 2031, Fueled by IoT Proliferation and Network Virtualization here
News-ID: 3994203 • Views: …
More Releases from DataM Intelligence 4 Market Research LLP
Hypophosphatasia Treatment Market: A Complete Guide For Research
Global Hypophosphatasia Treatment Market reached US$ 841.9 million in 2023 and is expected to reach US$ 2785.10 million by 2031, growing at a CAGR of 16.1% during the forecast period 2024-2031
Hypophosphatasia Treatment Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models,…
Best Approaches for Managing Hypofibrinogenemia Market in 2025
Global Hypofibrinogenemia Market reached at a CAGR during the forecast period 2024-2031.
Hypofibrinogenemia Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future…
Eosinophilic Disorders Market Report: Global Overview To Reach $278Mn By 2031 | …
The Global Eosinophilic Disorders Market reached US$ 150 million in 2023 and is expected to reach US$ 278 million by 2031 growing with a CAGR of 7.1% during the forecast period 2024-2031.
Eosinophilic Disorders Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing…
Anti-Depression Drugs Market Explained: How They Work?
The Global Anti Depression Drugs Market reached US$ 15.81 billion in 2023 and is expected to reach US$ 22.10 billion by 2031, growing at a CAGR of 4.3% during the forecast period 2024-2031.
Anti Depression Drugs Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their…
More Releases for Technology
Insurance Technology Market Outlook 2021 | TIA Technology, Patriot Technology So …
Insurance Technology Market has recently added by Qurate Research to its vast repository. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. Report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report is integrated with imperative insights on the market, which will support the clients to make precise business decisions. The report incorporates data regarding the…
Global Insurance Technology Market 2019 – Top Companies Xchanging, Insurance T …
"Insurance Technology or Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech.”
Global Insurance Technology Market Research Report is a valuable source of insightful data for business strategists. Provides industry Overviews, including Growth Analysis, Past & Future Costs, Revenue, Demand and Supply Data (where…
Insurance Technology Market Analysis By Major Players | Xchanging, Insurance Tec …
The global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and…
Insurance Technology Market – Major Technology Giants in Buzz Again | TIA Tech …
Global Insurance Technology Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Insurance Technology Market. Some of the key players profiled in the study are Xchanging, Insurance Technology…
Global Insurance Technology Market 2018-2025 Health and Life Insurance By Xchang …
In 2017, the global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges,…
Ultrasonic Technologies Market by Technology (Motor/actuator technology, medical …
The global ultrasonic technologies market provides alteration of processes with the use of oscillating sound of very high frequency. It is expected that the market would grow at a respectable rate as the technology is being widely adopted. Various verticals such as industrial units and healthcare are using ultrasound as it is considered a highly efficient technology. In the healthcare sector, it is used for diagnosis and treatment by minimal…
