How big is the 5G industry?

The global 5G services market size was valued at USD 47.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 52.0% from 2022 to 2030. 5G wireless mobile services enable a fully mobile and connected environment by delivering a wide range of use cases and business models to consumers.

The companies best positioned to take advantage of the 5G growth include Ericsson, Nokia, and Qualcomm .

In Australia, Telstra, Optus and Vodafone (and until recently and now apparently cancelled, TPG Telecom) are building 5G networks. We believe that Telstra, with around 50% share in both mobile and fixed broadband markets, is well placed to switch some customers from fixed to mobile.

5G enabled by Ericsson We are at the forefront of the 5G, Internet of Things (IoT), edge computing and cloud network infrastructure era – the first company to bring 5G to four continents. Our portfolio is built on innovation and transformation, paving the path toward a fully connected world.