At 53.8% CAGR, Middle East & Africa 5G Services Market is Projected to be Worth US$ 1,08,543.15 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa 5G services market was valued at US$ 3,474.95 million in 2023 and is expected to reach US$ 1,08,543.15 million by 2031, registering a CAGR of 53.8% from 2023 to 2031. Increasing number of 5G subscribers and increase in adoption of IoT devices are among the critical factors attributed to drive the Middle East & Africa 5G services market growth.

Characteristics of 5G, such as ultra-low latency network, quicker internet, and broader device support, contribute to Industry 4.0, smart cities, driverless cars, and other innovations that improve the quality of life. 5G adoption is still growing despite ongoing economic difficulties and geopolitical upheaval in certain areas. Service providers continue to deploy 5G all around the world. According to the Ericsson mobility report, ~280 service providers worldwide have already introduced 5G services for sale, and over 40 have installed or introduced 5G standalone (SA) as of 2023. Enhanced mobile broadband (eMBB) is the most popular 5G service offered to customers by the service providers. The uptake of 5G subscriptions globally continues to be strong. According to GSMA Intelligence, consumers' 5G connections surpassed 1 billion at the end of 2022. Moreover, according to estimates from the Global Mobile Suppliers Association (GSA), there were 1.15 billion 5G users at the end of 2022—a surge of ~90% annually on 619 million users in 2021. In addition, according to data from SellCell, there were almost 951 million 5G users worldwide in 2022; however, predictions for 2023 showed a 50% increase to 1.48 billion users. The table below shows the increase in worldwide 5G subscribers:

Number of 5G Subscriptions Worldwide from 2019 to 2025

Source: SellCell.com

After debuting in several major cities worldwide, 5G technology is rapidly expanding. The increasing number of 5G subscribers fuels the need for 5G services such as design and network consulting, planning, deployment and integration, network optimization, and 5G service quality management, propelling the growth of the 5G services market.

On the contrary, high initial cost hampers the growth of Middle East & Africa 5G services market.

By type, the Middle East & Africa 5G services market is segmented into enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), ultra-reliable low latency (uRLLC), and fixed wireless access (FWA). The enhanced mobile broadband (eMBB) segment held 45.6% share of Middle East & Africa 5G services market share in 2023, amassing US$ 1,586.07 million. It is projected to garner US$ 48,117.65 million by 2031 to register 53.2% CAGR during 2023–2031.

In end user, the Middle East & Africa 5G services market is bifurcated into enterprises and consumers. The enterprises segment held 79.2% share of Middle East & Africa 5G services market share in 2023, amassing US$ 2,751.41 million. It is projected to garner US$ 87,335.73 million by 2031 to register 54.1% CAGR during 2023–2031.

Based on country, the Middle East & Africa 5G services market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 42.6% share of Middle East & Africa 5G services market in 2023. It was assessed at US$ 1,481.72 million in 2023 and is likely to hit US$ 51,412.05 million by 2031, registering a CAGR of 55.8% during 2023–2031.

Key players operating in the Middle East & Africa 5G services market are Deutsche Telekom AG, Huawei Technologies Co Ltd, Nokia Corp, Orange SA, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc, Vodafone Group Plc, and ZTE Corp, among others.

• In 2024: At 5.5G Industry Summit during MWC Barcelona 2024, the Global System for Mobile Communications Association (GSMA) launched an initiative called "Embracing a prosperous 5G-Advanced era". The GSMA 5G Futures Community has grown to include nearly 60 operators and industry partners. This shows that the 5.5G ecosystem is becoming more mature to take this technology to a new stage worldwide.

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