According to TechSci Research report, “India 5G Technology Market – India Industry Size, Share, Trends, Opportunity, and Forecast 2030F”, India 5G Technology Market was valued at USD 25.6 billion in 2024 and is expected to reach at USD 159.1 Billion in 2030 and project robust growth in the forecast period with a CAGR of 35.4% through 2030.
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The rising demand for high-speed internet is a key factor driving the growth of the 5G technology market in India. As digital services like streaming, online gaming, and cloud computing become increasingly integral to daily life, both consumers and businesses require faster and more reliable connectivity. 5G technology promises data speeds up to 100 times faster than 4G, effectively addressing the limitations of current networks and supporting the exponential increase in data traffic. This demand is not limited to urban areas; rural regions are also seeing a surge in internet usage, fueled by digital inclusion efforts and the widespread adoption of smart devices. As more industries embrace data-heavy applications and services, the need for strong, high-speed internet solutions becomes crucial, further accelerating the growth of the 5G market.
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The South region of India is emerging as the fastest-growing area within the 5G technology market, thanks to a range of factors that emphasize its importance and rapid sector development. This region, which includes major states like Karnataka, Tamil Nadu, Andhra Pradesh, and Kerala, is home to a thriving IT and technology ecosystem, with key cities such as Bangalore, Hyderabad, and Chennai acting as major tech hubs. These cities host numerous technology companies, startups, and research institutions, fostering an environment conducive to 5G adoption and deployment. The South’s solid infrastructure, including extensive fiber networks and data centers, supports the swift rollout of 5G services, ensuring both high-speed connectivity and network reliability. Furthermore, the region’s growing urban population and increasing digital consumption are driving significant demand for advanced telecommunications services, further fueling 5G expansion. Key industrial sectors in the South, such as automotive, manufacturing, and financial services, present additional opportunities for 5G applications, from smart manufacturing to enhanced digital services. Government initiatives and favorable policies at both state and central levels have also played a vital role in promoting 5G investments and infrastructure development. The proactive efforts of state governments to foster a technology-friendly environment, along with incentives for telecom operators and tech providers, have accelerated the deployment of 5G networks. Moreover, the growing interest in smart city projects and digital innovation throughout Southern India aligns perfectly with the capabilities of 5G, positioning the region as a leader in adopting and integrating cutting-edge technologies. As a result, the South is not only witnessing accelerated 5G deployment but is also becoming a central hub for technological advancements and investment within India’s 5G landscape. This multifaceted growth trajectory highlights the South’s emerging role as a powerhouse in India’s 5G technology market, driving both innovation and economic development.
In 2024, the Enhanced Mobile Broadband (eMBB) segment led the India 5G technology market and is expected to maintain its dominance throughout the forecast period. eMBB is focused on delivering substantially higher data speeds, greater capacity, and enhanced user experiences compared to previous mobile technologies. This segment is critical for addressing the increasing demand for high-speed internet and data-intensive applications across various sectors. The rapid growth of high-definition video streaming, online gaming, and immersive technologies like virtual reality (VR) and augmented reality (AR) relies heavily on the capabilities of eMBB. Moreover, urbanization and the expansion of digital services in India are driving substantial investments in eMBB infrastructure to support these high-demand applications. The scalability and superior performance of eMBB are essential for enabling seamless connectivity and meeting the diverse needs of both consumers and businesses. While Ultra-Reliable Low Latency Communication (URLLC) and Massive Machine Type Communication (mMTC) are also important for specific use cases, eMBB’s wide applicability and immediate impact on improving user experiences and supporting data-heavy applications cement its dominant position. As 5G networks continue to grow and evolve, the focus on providing high-speed, high-capacity connectivity ensures that eMBB will remain a central aspect of the development and deployment of 5G technology in India. This segment’s alignment with the increasing demand for faster, more reliable internet services reinforces its leading role in the market, driving both technological advancements and investment priorities.
Key market players in the India 5G Technology Market are: –
ZTE Corporation
IBM Corporation
Fujitsu Limited
MediaTek Inc.
Verizon Communications Inc.
Huawei Technologies Co., Ltd.
Qualcomm Technologies Inc
Samsung Electronics Co., Ltd.
Intel Corporation
Cisco Systems, Inc.
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“The India 5G Technology Market presents significant opportunities driven by the rapid expansion of digital infrastructure and the increasing demand for high-speed connectivity. Key opportunities include the development of smart cities, where 5G enables advanced applications like smart traffic management and public safety enhancements. Additionally, sectors such as healthcare, with telemedicine and remote monitoring, and manufacturing, through automation and IoT, stand to benefit greatly from 5G’s low latency and high bandwidth. The rollout of 5G also offers growth prospects for telecommunications companies and tech startups focused on creating innovative solutions and services. Government initiatives and favorable policies further support investment in 5G technology, creating a fertile environment for market expansion. The convergence of these factors positions India as a burgeoning hub for 5G-driven technological advancements and business opportunities.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.
“India 5G Technology Market By Component (Hardware, Software, Services), By Technology (Enhanced Mobile Broadband [eMBB], Ultra-Reliable Low Latency Communication [URLLC], Massive Machine Type Communication [mMTC]), By Spectrum (5G NR Sub-6GHz, 5G NR mmWave), By Application (Consumer, Enterprises), By Region, Competition, Forecast and Opportunities 2020-2030F” has evaluated the future growth potential of India 5G Technology Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India 5G Technology Market.
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