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5G Edge Cloud Network and Services Market Trends

  • Report ID: 3758
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

5G Edge Cloud Network and Services Market Trends

Growth Drivers

  • Growing Need to Manage Mobile Devices, Applications and Communication Among Enterprises
  • Increasing Number of Smartphones in Use

Challenges

  • High Initial Cost of Deploying 5G Edge Cloud Network

5G Edge Cloud Network and Services Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

14.8%

Base Year Market Size (2023)

USD 5.32 billion

Forecast Year Market Size (2036)

USD 32 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 3758
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

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 of 5G technology in the public sector.

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