5G Technology Market Growing with 65.8% CAGR | Reach USD 797.80 Billion By 2030 Globally

• 08 Jul 2025
• TM Team
• 0 Comments

Allied Market Research published a new report, titled, ” 5G Technology Market Growing with 65.8% CAGR | Reach USD 797.80 Billion By 2030 Globally .” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The global 5G technology market was valued at $5.13 billion in 2020, and is projected to reach $797.80 billion by 2030, growing at a CAGR of 65.8% from 2021 to 2030.

Driving Factors 5G Technology Market

Rise in levels of globalization drives the market growth. In addition, advancements and modernization of technology primarily drive the growth of the market. Enhanced effectiveness and output are expected to create lucrative growth opportunities for the market.

Market Segmentation 5G Technology Market

The 5G technology market is segmented on the basis of component, connectivity, application, end use, and region. By component, it is classified into hardware, software and services. Based on connectivity, it is segregated into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC). By application, it is segmented into automation, monitoring & tracking, connected vehicle, smart surveillance, VR & AR, enhanced video services, and others. By end use, the market is divided into manufacturing, automotive, energy & utilities, transportation & logistics, healthcare, government, media & entertainment, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Players Storage 5G Technology Market

The report analyses the profiles of key players operating in the 5G technology market such as Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the 5G technology industry.