5G Services Market to grow by USD 397.6 billion from 2024-2028, driven by R&D and 5G network deployment, with AI transforming market dynamics – Technavio | PR Newswire [Video]

, /PRNewswire/ — Report with the AI impact on market trends – The global 5G services market size is estimated to grow by USD 397.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  31.13%  during the forecast period. Growing research and development and deployment of 5G network is driving market growth, with a trend towards adoption of 5G networks for smart cities. However, high deployment cost of 5G technology  poses a challenge.Key market players include AT and T, Bell Canada, Bharti Airtel Ltd., BT Group Plc, China Mobile Ltd., Deutsche Telekom AG, Etisalat, KT Corp., MTN Group Management Services (Pty) Ltd., Nippon Telegraph and Telephone Corp., Orange SA, Reliance Industries Ltd., Rogers Communications Inc., stc Group, SK Telecom Co. Ltd., T Mobile US Inc., Telefonica SA, Telstra Corp. Ltd., Verizon, and Vodafone Group Plc.

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