As of February 2025, the mobile carrier with the most extensive 5G coverage in the United States (U.S.) was T-Mobile, at nearly ** percent of the country. AT&T covered close to ** percent, and Verizon provided almost ** percent of the U.S. with 5G access.

Forecasts revised for the impact of the coronavirus (COVID-19) pandemic expect a short-term slowdown in the adoption of ** in North America. However, from 2023 onwards the new expectation is that the ** take-up will surpass the previous forecast , with an expectation of ** million more connections in 2025 compared to the pre-Covid-19 projection.

As of Spring 2025, T-Mobile US had by far the fastest average 5G download speed among major U.S. network operators at ***** Mbps. It also offered the best typical overall download speed at ***** Mbps. 5G networks offer faster download speeds, lower latency, and greater reliability than previous generations. T-Mobile’s merger with Sprint has enabled it to challenge AT&T and Verizon T-Mobile US, which is majority owned by the German telecommunications firm Deutsche Telekom, has made significant investments in its attempts to challenge the dominance of AT&T and Verizon. This has included its 26 billion U.S. dollar merger with Sprint in 2020, which dramatically increased its subscriber share and placed it to challenge its rivals in the 5G space over the coming years. In addition to delivering the fastest 5G download speeds, the operator has also offered the best coverage among U.S. network operators.

United States 5G infrastructure market size is projected to exhibit a growth rate (CAGR) of 40.47% during 2025-2033. The growing availability and efficient utilization of the radio spectrum, rising demand for high-speed internet and data services among people and businesses, and increasing employment in the healthcare industry to offer remote consultations and diagnoses represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on communication infrastructure, network technology, network architecture, frequency, and end user.

The U.S. Private 5G Network Market Size Was Worth USD 3 Billion in 2023 and Is Expected To Reach USD 15 Billion by 2032, CAGR of 24%.

The US Private LTE and 5G Network Market Report is Segmented by Component (Hardware, Software, and Services), Frequency Band (Sub-6 GHz and Mm Wave), Spectrum Licensing Model (Licensed, Shared, and Unlicensed), Industry Vertical (Manufacturing, Healthcare, Defense, and More), Deployment Model (Dedicated On-Premises, Hybrid Public-Private, and Network-As-A-Service (NaaS))

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5G Services Market Size 2025-2029

The 5g services market size is forecast to increase by USD 743.37 billion, at a CAGR of 39.2% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 50% growth during the forecast period.
By the Technology - eMBB segment was valued at USD 24.06 billion in 2023
By the End-user - Consumers segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 1.00 million
Market Future Opportunities: USD 743372.10 million
CAGR : 39.2%
North America: Largest market in 2023

Market Summary

The market is experiencing significant advancements, with numerous industries embracing the next-generation network for enhanced connectivity and performance. According to recent studies, the global 5G market is projected to reach a value of USD654.6 billion by 2026, growing at a steady pace. The telecommunications sector is leading the adoption of 5G, with other sectors such as manufacturing, healthcare, and transportation following closely. Compared to 4G, 5G networks offer faster data transfer rates, lower latency, and increased capacity. For instance, 5G networks can provide download speeds up to 100 times faster than 4G. Moreover, 5G's low latency enables real-time applications, making it suitable for industries like manufacturing and healthcare. The manufacturing sector is expected to invest heavily in 5G to optimize production processes and improve efficiency. Despite the numerous benefits, the high deployment cost of 5G networks remains a significant challenge. However, the potential cost savings and productivity gains are expected to outweigh the initial investment. The ongoing research and development in 5G technology are also driving down costs and increasing accessibility, making it an attractive option for businesses across various sectors.

What will be the Size of the 5G Services Market during the forecast period?

Explore market size, adoption trends, and growth potential for 5g services market Request Free SampleThe market is experiencing significant growth, with the number of 5G connections projected to reach 1.3 billion by 2026, representing a compound annual growth rate of 118%. This expansion is driven by the adoption of advanced technologies such as ultra-reliable low latency communication, network slicing architecture, and spectrum licensing. Capacity expansion and coverage extension are key priorities for mobile network operators, leading to the deployment of 5G fronthaul and backhaul networks. Network security solutions are also essential to ensure the protection of these networks from interference mitigation and massive machine-type communications. Radio resource management plays a crucial role in optimizing network performance, with QOS management and service level agreements ensuring end-to-end latency and packet loss rate remain within acceptable levels. Network automation and virtualized RAN are further enhancing network efficiency, while network capacity planning is essential to accommodate the increasing demand for mobile broadband services. AI-driven network management and open RAN architecture are emerging trends, offering potential for further improvements in network performance and flexibility.

How is this 5G Services Industry segmented?

The 5g services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TechnologyeMBBFWAmMTCuRLLCEnd-userConsumersEnterprisesDeploymentPublic 5GPrivate 5GHybrid 5GGeographyNorth AmericaUSCanadaMexicoEuropeFranceGermanyUKMiddle East and AfricaUAEAPACChinaJapanSouth KoreaRest of World (ROW)

By Technology Insights

The embb segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant advancements, with Enhanced Mobile Broadband (eMBB) emerging as a new service category. EMBB guarantees increased data transfer rates and reduced latency compared to 4G, enabling applications such as 8K video streaming and immersive Virtual Reality (VR) and Augmented Reality (AR). These innovations have the potential to revolutionize industries, particularly in large spectator events like sports, games, and concerts. With 8K video and 360 VR, audiences can enjoy a front-row experience regardless of their seating location or physical distance from the action. Small cell deployments and advanced antenna systems are crucial for optimizing network performance and coverage in these high-density environments. 5G Private Networks and Next Generation Network (NGN) architectures, such as Software Defined Networking (SDN) and Network Function Virtualization (NFV), are essential for customized network solutio

Private LTE & 5G Network Market Outlook

According to our latest research, the global Private LTE & 5G Network market size reached USD 7.1 billion in 2024, reflecting robust adoption across diverse industries. The market is expected to grow at a remarkable CAGR of 22.8% from 2025 to 2033, reaching a projected value of USD 54.5 billion by 2033. The primary growth driver is the increasing demand for secure, high-performance wireless connectivity to support mission-critical applications, digital transformation, and Industry 4.0 initiatives in enterprise and government sectors worldwide.

The Private LTE & 5G Network market is experiencing significant momentum due to the surging need for dedicated wireless solutions that offer enhanced security, reliability, and ultra-low latency. Enterprises across manufacturing, energy, logistics, and healthcare are rapidly embracing private LTE and 5G networks to enable real-time data exchange, automation, and remote operations. The proliferation of IoT devices and the rise of smart factories are further propelling market growth, as organizations seek to harness the power of private wireless networks for seamless connectivity and operational efficiency. Additionally, the ability to customize network parameters to meet specific industry requirements is a compelling factor driving adoption.

Another key growth factor is the evolution of spectrum policies and the increasing availability of shared and unlicensed spectrum bands. Regulatory bodies in major economies such as the United States, Germany, and Japan have facilitated access to spectrum for private network deployments, enabling a broader range of organizations to deploy and manage their own wireless infrastructure. This democratization of spectrum is fueling innovation and fostering a competitive ecosystem of network providers, system integrators, and equipment vendors. As a result, enterprises are now empowered to deploy tailored networks that address unique operational challenges, support emerging applications like augmented reality, and ensure data sovereignty.

The expanding ecosystem of technology providers and the advent of 5G capabilities such as network slicing, massive machine-type communications, and ultra-reliable low-latency communications (URLLC) are transforming the Private LTE & 5G Network market landscape. Organizations are leveraging these advanced features to support critical use cases ranging from autonomous vehicles in logistics to remote surgery in healthcare. The integration of artificial intelligence and edge computing with private networks is further enhancing functionality, enabling predictive maintenance, real-time analytics, and intelligent automation. This convergence of technologies is expected to accelerate market growth and unlock new revenue streams for stakeholders.

From a regional perspective, Asia Pacific leads the Private LTE & 5G Network market, driven by rapid industrialization, aggressive digital transformation initiatives, and strong government support for smart infrastructure projects. North America follows closely, benefiting from technological innovation, a mature enterprise landscape, and favorable regulatory frameworks. Europe is witnessing accelerated adoption, particularly in manufacturing and public safety sectors, while the Middle East & Africa and Latin America are emerging as promising markets due to increasing investments in oil & gas, mining, and critical infrastructure. The regional dynamics underscore the global nature of private wireless adoption and the diverse opportunities across verticals.

Component Analysis

The Component segment of the Private LTE & 5G Network market encompasses hardware, software, and services, each playing a pivotal role in the deployment and operation of private wireless networks. Hardware includes radio access network (RAN) equipment, core network infrastructure, user devices, and antennas, which form the backbone of network connectivity. As enterpris

5G availability in the rural United States increased to **** percent in the second quarter of 2023, up from **** percent during the same period in 2022. Meanwhile, urban availability increased to ** percent. While these figures highlight a persistent regional divide in U.S. 5G availability, 5G technology has been touted as a means of closing the digital divide by bringing fast, low latency internet to areas without fixed broadband infrastructure.

The U.S. Private LTE & 5G Network Market size was valued at USD 3.90 billion in 2023 and is projected to reach USD 19.45 billion by 2032, exhibiting a CAGR of 25.8 % during the forecasts period.The U. S. Private LTE & 5G Network market represents networks that are operated by the enterprises, government bodies, and industries and the ones being exclusively used by them for wireless communications, offering high and secure performance. These networks use LTE and 5G connections, thus providing Low Latency communications that are critical for Industrial IoT and other mission-critical applications and Secure connectivity in those markets that require high performance and confidentiality. The features include the growth of usage across manufacturing and logistics and the healthcare business for automatic operation and distant facilities; improvements in edge computing connectivity; and mix links of private and public networks for enhanced speed and profitability.

In US 5G Infrastructure Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.

The North America Standalone 5G Network Market would witness market growth of 54.5% CAGR during the forecast period (2024-2031). The US market dominated the North America Standalone 5G Network Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a mark

The North America Private LTE and Private 5G Network Market would witness market growth of 19.9% CAGR during the forecast period (2024-2031). The US market dominated the North America Private LTE and Private 5G Network Market by Country in 2023, and would continue to be a dominant market till 2031

Get a descriptive study with an impact analysis of the 5G telecommunication services in the North American region. Discussion on market opportunities, including service design and ROI impact, and 5G stakeholders and their key strategies

The US Telecom industry, a robust $443.12 billion market in 2025, is projected to experience steady growth, driven primarily by increasing demand for high-speed internet, advanced mobile services, and the proliferation of connected devices fueling the Internet of Things (IoT). The 3.67% CAGR signifies a consistent expansion, albeit at a moderate pace compared to previous periods of explosive growth. Key growth drivers include the ongoing 5G rollout, expanding broadband penetration, particularly in rural areas, and the surging adoption of cloud-based services and applications. While the market faces constraints like increasing infrastructure costs, regulatory hurdles, and competition among established players like AT&T, Verizon, Comcast, and T-Mobile, these challenges are mitigated by the continuous innovation in service offerings. The segment breakdown reveals a significant contribution from data services, driven by the rising data consumption patterns, followed by voice services (both wired and wireless) and the growing adoption of OTT and Pay TV services. Competition is fierce, and successful players are those who strategically invest in network upgrades, deliver superior customer experience, and effectively bundle services to cater to evolving consumer preferences. The industry is likely to see consolidation and strategic partnerships to enhance competitiveness and expand market reach. The forecast period (2025-2033) anticipates continued growth, albeit at a possibly slower pace, influenced by economic factors and the saturation of certain market segments. However, emerging technologies like edge computing and the increasing adoption of fiber optic infrastructure are expected to stimulate further expansion. The regional distribution likely shows North America dominating the market, followed by Europe and Asia-Pacific. Growth in regions with lower penetration rates (e.g., parts of South America and Africa) holds significant potential for future expansion, though infrastructure development remains a key challenge in these markets. Continuous advancements in network technologies, coupled with a focus on improving cybersecurity and customer service, will define the future landscape of the US telecom market. Recent developments include: September 2022: AT&T unveiled its collaboration with Ford, thereby promising to deliver 5G Connectivity to the heavy-duty 2023 models of Ford. This ensures faster navigation, mapping, and audio downloads with AT&T 5G and enables Ford Power-Up software upgrades to be downloaded easily. This development will help the vehicle get better over time., August 2022: in association with Canva and Meta, T-Mobile launched an offer for small business enterprises to improve their marketing for free with user-friendly, skilled design and advertising resources. Through the end of the year, T-Mobile is providing Canva Pro on Us to ALL qualified small business customers, in addition to USD 200 in free Facebook and Instagram advertising.. Key drivers for this market are: Growth of Mobile Internet Connection, Deployment of 5G network in the United States. Potential restraints include: Growth of Mobile Internet Connection, Deployment of 5G network in the United States. Notable trends are: Deployment of 5G Networks in the United States.

The United States Private 5G Network Market Report is Segmented by Component (Hardware, Software, and Services), Frequency (Sub-6 GHz and Mmwave), Spectrum Ownership (Licensed, Shared/CBRS, and Unlicensed), Enterprise Size (Large Enterprises and Small and Medium Enterprises), End-User (Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare, Defense and Public Safety, and Other Industries).

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5G Enterprise Market Size 2024-2028

The 5G enterprise market size is forecast to increase by USD 100 billion, at a CAGR of 37.45% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of 5G networks for smart city projects, including smart buildings, transportation, and utilities. Key trends include the deployment of 5G standalone services, end-to-end network slicing, and the development of new business models by service providers. The RAN and core network infrastructure are being upgraded to support the demands of 5G technology.

However, the high deployment cost of 5G networks remains a challenge for widespread adoption. Despite this, the potential benefits of 5G for enhancing citizen services and improving operational efficiency make it a worthwhile investment for enterprises and cities. The future of the market lies in the successful implementation of these advanced technologies and the creation of innovative use cases that leverage the unique capabilities of 5G networks.

Market Analysis

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The market is experiencing significant growth due to the increasing demand for smart infrastructure and advanced technologies. 5G services, with their high-speed and low-latency connectivity networks, are revolutionizing various industries by enabling real-time data processing and communication. The network slicing technique is a key feature of 5G, allowing telecom providers to offer industry-specific solutions tailored to the unique requirements of different sectors. IoT devices, robotics, artificial intelligence, and edge computing are some of the technologies benefiting from 5G's capabilities. Smart cities, remote work, and virtual collaboration tools are also becoming more prevalent, as 5G enables seamless connectivity and edge-to-edge capabilities.

Wi-fi communication technology and 5G core network are working together to provide uninterrupted connectivity for wearable electronic devices and access equipment. Augmented reality and virtual reality applications are also gaining traction in the enterprise market, as 5G's high-speed and low-latency connectivity enables more great experiences. Private networks are becoming increasingly popular, allowing businesses to have more control over their network and ensure secure and reliable communication. Overall, 5G is transforming the enterprise landscape, offering new opportunities for innovation and growth. The 5th generation of mobile networks, 5G, is revolutionizing the enterprise market with its advanced capabilities. Smart infrastructure, IoT, robotics, artificial intelligence, and edge computing are some of the technologies benefiting from 5G's high-speed and low-latency connectivity networks.

The network slicing technique allows telecom providers to offer industry-specific solutions, while wi-fi communication technology and 5G core network provide seamless connectivity for wearable electronic devices and access equipment. Augmented reality and virtual reality applications are also gaining traction, and private networks offer more control and security. 3G and 4G networks pale in comparison to 5G's edge-to-edge capabilities, making it an essential technology for the future.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Service

  Platform
  Software


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Service Insights

The platform segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the integration of advanced technologies such as the Internet of Things (IoT), edge computing, network slicing, and high-speed, low-latency connectivity networks. Telecom providers are offering industry-specific 5G solutions to cater to the unique requirements of various sectors. For instance, remote work and virtual collaboration tools in the healthcare industry can benefit immensely from 5G's uninterrupted connectivity. NVIDIA's NVIDIA EGX enterprise platform is an example of how 5G networks can be utilized to deploy AI-enabled applications over the cloud, enhancing organizational efficiency and enabling automation. Furthermore, the 5G platform facilitates the development of virtual network applications that can be integrated with IoT devices, creating a symbiotic relationship between the two technologies.

Edge computing and network slicing are other significant features of 5G networks that enable faster data processing and efficient resource allocation, respectively. Overall, the market is poised for substantial growth, with numerous opportunities for inn

The North America 5G Infrastructure Market would witness market growth of 28.4% CAGR during the forecast period (2025-2032). The US market dominated the North America 5G Infrastructure Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market valu

Snapshot img

5G Equipment Market Size 2024-2028

The 5G equipment market size is forecast to increase by USD 146.95 billion at a CAGR of 81.05% between 2023 and 2028.

The market is experiencing significant growth due to the global shift towards advanced 5G services, including mobile cloud gaming, video conferencing, live broadcasting, remote-controlled machines/vehicles, public safety services, and more. Governments and financial institutions are providing assistance and commitment to the procurement of 5G equipment and spectrum acquisition to accelerate the deployment of 5G technology networks. However, there are challenges such as regulatory compliance, talent acquisition, and financial planning that need strategic planning to overcome. Moreover, the need for high throughput, reliability, and low latency in 5G networks necessitates the improvement of functionality through Advanced RAN Slicing, Time-Critical Communication, and network performance enhancement. Energy efficiency challenges in 5G small cells also require innovative solutions to ensure the sustainability and scalability of the 5G infrastructure. Overall, the market is poised for growth, driven by the demand for advanced services and the commitment of stakeholders to overcome the associated challenges.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing adoption of fifth-generation technology standard for data-intensive applications. The proliferation of smartphones and tablets, which are capable of supporting 5G, is driving the demand for 5G equipment. The rise of data-driven services, high-definition videos, cloud-based applications, online gaming, and the remote work culture are some of the key factors fueling the market growth. 5G equipment is essential for enabling global connectivity and supporting bandwidth-intensive applications. The market is witnessing a rise in demand for IoT devices, semi-autonomous vehicles, and digitalization initiatives. The adoption of 5G is being accelerated by governments and nations to enhance their digital infrastructure.



5G equipment includes both hardware and software components. Hardware components include radio units, base stations, and customer-premise equipment. Software components include network software, security software, and edge computing capabilities. The market is expected to grow significantly due to the increasing demand for big data, cloud computing, and IoT applications. The integration of 5G with these technologies is enabling new use cases and applications, further expanding the market potential.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Macrocell
  Small cell
  Others


End-user

  Non-retail sector
  Retail sector


Geography

  North America

    US


  Europe

    UK


  APAC

    China
    Japan
    South Korea


  Middle East and Africa



  South America

By Product Insights

The macrocell segment is estimated to witness significant growth during the forecast period.

The fifth-generation technology standard, 5G, is revolutionizing global connectivity with its edge computing capabilities and high-speed data transmission. This innovation is driving the growth of various sectors, including consumer electronics, IoT devices, and semi-autonomous vehicles. The adoption of 5G is leading to digitalization and the integration of big data, cloud computing, and open RAN deployment. Telecommunications service providers are investing in hardware and software to develop the necessary infrastructure for these fifth-generation wireless networks. Macro cells, consisting of handsets, radios, and customer-premise equipment, play a crucial role in providing extensive network coverage. These high-power network cells, used to create base stations, are essential for ensuring seamless connectivity in larger areas.

To function optimally, macrocell antennas must have an unobstructed view of their surroundings. Governments and nations worldwide are recognizing the importance of 5G equipment in enhancing their digital economies and are making significant investments in its development and deployment.

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The macrocell segment was valued at USD 481.80 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast p

The size of the U.S. 5G Radio Access Network Professional Services Market market was valued at USD 2.37 billion in 2023 and is projected to reach USD 43.21 billion by 2032, with an expected CAGR of 51.4 % during the forecast period. The U.S. 5G Radio Access Network (RAN) Professional Services Market encompasses services supporting the deployment, optimization, and maintenance of 5G networks. These services include consulting, system integration, and network management to ensure seamless operation and high performance of 5G RAN infrastructure. Applications range from enhancing mobile broadband to enabling IoT devices, smart cities, and autonomous vehicles. Key trends in this market include the rise of network virtualization, edge computing, and the use of AI in network management. With growing 5G adoption, these services help operators scale their networks and meet the increasing demand for ultra-fast, low-latency connectivity.