5G Market share | Forecast and Future Outlook 2025

Code: MTA4065

Publication Date: Jun 2025

What is the 5G Market share?

The 5G market is valued approximately USD 117.4 billion in 2024 and projected to reach USD 841.5 billion by 2031.

The market is growing due to adoption of advanced telecom technologies. Mainly, the focus of business is on digital transformation, and increasing demand for high-speed internet connectivity.

5G is predicted to hold a substantial share of the global telecom market by 2031 with the supports like the investments in infrastructure, the proliferation of 5G-enabled devices, and its integration across industries such as healthcare, automotive, and smart cities. Rapid expansion positions 5G act as a major driver of digital transformation worldwide.

Key Growth Factors

Increasing sales of 5G-enabled smartphones and devices.
Expanding rural connectivity to bridge the digital divide.
Collaborative efforts between public and private sectors to accelerate 5G adoption
Rising investments in 5G infrastructure deployment by telecom providers like Reliance Jio, Airtel, and Vodafone Idea.
Growing demand for ultra-fast internet and seamless connectivity for IoT, autonomous vehicles, and smart cities.
Support of government with digital transformation initiatives such as Digital India.
Rising the adoption of 5G applications across sectors like healthcare, manufacturing, and education.

Market Trends

The 5G market is set to transform its landscape during the forecast period 2025-2031. This market has been transforming with some major trends such as private 5G networks for enterprises, 5G integration with AI and edge computing, and smart city projects leveraging 5G networks. The focus of telecom companies is increasing mainly on spectrum efficiency and densifying networks for better coverage. The adoption of 5G for initiatives like remote surgeries, smart factories, and IoT applications are high in the healthcare and manufacturing sector. Business strategies including collaborations between telecom operators and tech companies are driving further innovation in the 5G ecosystem.