5G Edge Cloud Network and Services Market Share

On the basis of geographical analysis, the global 5G edge cloud network and services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Europe industry is predicted to account for largest revenue share by 2036, propelled by growing investments by governments for the deployment of 5G technology in the public sector. It is evaluated that by the end of 2021, there will be approximately 36 million 5G subscriptions in western Europe, and about 3 million subscriptions in the central and eastern Europe. In addition, advancements in 5G technology in the automotive and smart transportation sectors is also expected to drive market growth in the region in the coming years. Moreover, the 5G edge cloud network and services market in North America is predicted to acquire the largest share during the forecast period ascribing to the early adoption of technology, and strong presence of well-established networking service providers in the region.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of 5G edge cloud network and services is estimated at USD 5.95 billion.

5G Edge Cloud Network and Services Market size was over USD 5.32 billion in 2023 and is anticipated to reach USD 32 billion by 2036, growing at around 14.8% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing need to manage mobile devices, applications and communication among enterprises, and increasing number of smartphones in use.

Europe industry is predicted to account for largest revenue share by 2036, propelled by growing investments by governments for the deployment ofÂ 5G technologyÂ in the public sector.

The major players in the market are Dell Inc., IBM Corporation, Amazon Web Services Inc., Cisco Systems, Inc., and others.

5G Edge Cloud Network and Services Market Share