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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

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NEW YORK, Nov. 27, 2024 /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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5G Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 31.13%

Market growth 2024-2028

USD 397.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

27.06

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 43%

Key countries

US, Canada, China, Germany, and Japan

Key companies profiled

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

Market Driver

The 5G services market is experiencing significant growth as businesses and industries adopt 5G technology and networks for real-time data collection and analysis. Smart agriculture is a prime example, with precision farming using sensors to monitor soil conditions, weather patterns, and crop health. Telecommunication operators and equipment manufacturers are collaborating to provide global roaming capabilities and spectrum harmonization for 5G subscribers. In the smart cities segment, urban infrastructure is being transformed with 5G. Smart grid systems, environmental sensors, and responsive solutions optimize resources and improve city management processes. Traffic management, emergency response systems, and public services benefit from real-time data and video feeds. The IT and telecom sectors, manufacturing, healthcare, and transportation industries are also leveraging 5G for enhanced mobile broadband, smart manufacturing, telemedicine, autonomous vehicles, and edge computing. With average data volumes increasing among video content viewers and mobile phone users, 5G subscribers demand faster download speeds and lower latency. Fiber, cable, and copper DSL networks are being replaced by FWA 5G connections. Network infrastructure, including small cells, fiber optic networks, radio equipment, and base stations, is being upgraded to support 5G services. Specialized antennas and Industry 4.0 technologies enable predictive maintenance and monitoring of smart devices and manufacturing facilities. With 6G technology on the horizon, the future of 5G services is bright. 

Smart cities are gaining popularity due to the advanced ICT infrastructure they offer, enhancing public amenities and infrastructure connectivity. Communications play a crucial role in this setup, enabling the Internet, landline, and wireless services necessary for commercial use. Extensive Machine-Type Communication (MTC) applications, such as smart metering, property monitoring, logistics management, and smart parking, are essential in a smart city. These applications require low data rates but long-reach connectivity due to their placement in challenging environments like basements and farms. Therefore, 5G services, with their high bandwidth, low latency, and extensive coverage, are ideal for smart city communications, ensuring seamless integration and efficient operation. 

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 Market Challenges

The 5G services market is experiencing significant growth as businesses and industries adopt 5G technology for real-time data collection and processing. In sectors like agriculture, precision farming using sensors for soil conditions and weather patterns is becoming common. Telecommunication operators and equipment manufacturers are working on global roaming capabilities and spectrum harmonization to expand 5G networks. Smart cities are investing in 5G for urban infrastructure, with applications including traffic management, emergency response systems, and public services. The market also includes FWA 5G services, Enhanced Mobile Broadband, and industrial automation. Challenges include the need for speed-based tariff plans, network infrastructure expansion, and the integration of IoT sensors for air quality, energy consumption, and traffic flow. The future holds potential for VR, AR, and UHD content, as well as 6G technology and IT and telecom applications.The global 5G services market faces several challenges due to the high acquisition and installation costs of 5G technology and small cell networks. Security concerns for outdoor power systems and stringent regulations add to the market’s complexity. Pressure for competitive pricing from customers and almost similar data tariffs to previous broadband communications further impact profitability. The high cost of new frequency spectrum releases is another significant challenge. Large organizations must navigate these hurdles to succeed in the 5G market.

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Segment Overview 

This 5g services market report extensively covers market segmentation by  

Technology 1.1 eMBB1.2 FWA1.3 mMTC1.4 uRLLCEnd-user 2.1 Consumers2.2 EnterprisesGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 eMBB-  The 5G Enhanced Mobile Broadband (eMBB) service category offers significant improvements over existing 4G services, with a minimum data transfer rate that delivers increased bandwidth and lower latency. This technology enables new applications such as 8K video streaming and Virtual Reality (VR) and Augmented Reality (AR). Large events, like sports, games, or concerts, are potential applications for these high bandwidth services. However, network performance is crucial for these applications, as any disruption can negatively impact the user experience. For instance, latency exceeding 20 milliseconds can cause dizziness and nausea in VR users. Meeting latency thresholds for large audiences is essential. The 5G eMBB service aims to achieve high data rates solely within 5G standalone capacity and improve 4G LTE networks for higher data rates with lower latency. It also provides high capacity to densely populated urban areas, ensures broad network coverage, and allows for real-time connectivity while using mobile broadband services from moving vehicles. These factors contribute to the anticipated growth of the 5G services market.

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Research Analysis

The 5G services market is poised for significant growth, driven by the deployment of 5G networks and the integration of advanced technologies. 5G technology offers real-time data collection capabilities, making it ideal for various industries such as agriculture, where precision farming and smart agriculture are set to revolutionize production with sensors monitoring soil conditions. The energy sector is also embracing 5G with smart grid systems, while 5G subscribers can look forward to experiences with Virtual Reality (VR) and Augmented Reality (AR), UltraHigh Definition (UHD) streaming, and the promise of 6G technology. IT and telecom companies are investing heavily in 5G services, including Fixed Wireless Access (FWA), telemedicine, and autonomous vehicles. Edge computing, industrial automation, and smart city systems are also set to benefit from the low latency and high bandwidth offered by 5G. Service providers are rolling out small cells and specialized antennas to expand network coverage and capacity. Fiber optic networks continue to play a crucial role in the backhaul infrastructure of 5G networks.

Market Research Overview

The 5G services market is poised for significant growth as the deployment of 5G networks continues to expand. With 5G technology, real-time data collection becomes a reality, enabling various industries to optimize resources and improve efficiency. In agriculture, smart farming and precision farming are set to benefit from sensors that monitor soil conditions, weather patterns, and crop health. 5G networks will also power smart grid systems, environmental sensors, and responsive solutions for resource optimization. The average data volume generated by smartphone subscriptions, video content viewers, and mobile phone users will require advanced network infrastructure. Telecommunication operators and equipment manufacturers are investing in global roaming capabilities, spectrum harmonization, and frequency bands to meet the demands of 5G subscribers. The smart cities segment will see the implementation of 5G in urban infrastructure, enabling smart city initiatives, city management processes, and real-time data exchange for applications such as traffic management, emergency response systems, and public services. The IoT sensors in smart cities will monitor air quality, traffic patterns, energy consumption, and traffic flow, enabling congestion management and urban planning. The 5G services market will also impact industries such as IT and telecom, manufacturing, healthcare, and transportation, with applications such as Virtual Reality (VR), Augmented Reality (AR), UltraHigh Definition (UHD), and 6G technology. The market will also see the growth of FWA 5G Services, Enhanced Mobile Broadband, smart manufacturing, telemedicine, autonomous vehicles, edge computing, industrial automation, and smart city systems. The deployment of small cells, fiber optic networks, radio equipment, and base stations will be essential for the growth of the 5G services market. The market will also see the implementation of predictive maintenance, monitoring, and smart devices in manufacturing facilities, as well as the development of speed-based tariff plans and fixed broadband services. The 5G services market will revolutionize the way we live, work, and communicate, providing rapid data exchange and enabling new applications and services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyEMBBFWAMMTCURLLCEnd-userConsumersEnterprisesGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Visier Debuts Talent Agents, Closing the Gap Between HR Programs and Business Impact

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New AI agents turn Visier insights and plans into guided action for every manager, fixing the #1 reason HR programs fail: manager follow-through

VANCOUVER, BC, Oct. 21, 2026 /PRNewswire/ — Visier today announced Talent Agents at HR Tech 2026. Built on the Visier Workforce Intelligence Platform, these new AI agents guides every manager to the next right action in their organization’s HR programs in real time, and give talent leaders evidence of what each program actually changed for the business.

Talent management devotes a great deal of money and effort into HR programs every year, and many still can’t show the ROI or outcomes. New Visier research* found:

62% of HR leaders name manager follow-through as the single biggest reason programs fail77% of enterprises run HR programs on spreadsheets or a patchwork of tools, and are three times less likely to measure results while a program is underway.

Visier Talent Agents are built to close these gaps, helping talent management tackle its most critical challenges as organizations plan, grow and retain their talent. They leverage the latest in AI developments to pair best-in-class program frameworks with personalized, in-workflow guidance delivered to whoever needs to act next, and a closed-loop system for continuous learning and improvement based on every program’s goals.

“Good program design has never been enough. What HR has lacked is a GPS for every manager, so the moment someone drifts off track, they’re guided back before the program goes sideways,” said Dave Weisbeck, Chief Strategy Officer at Visier. “That’s what Talent Agents deliver, along with proof of what the program actually changed for the business.” 

“The space between HR program design and the actual business result is exactly where most HR investment gets lost,” said Madeline Laurano, founder of Aptitude Research. “Guidance that activates the manager at the moment they need to act, with proof of what changed afterward, is the piece of talent management that’s been missing and what Visier is solving for.”

Unlike HCM suites that teams would spend a year customizing, or point solutions that only see one piece of the picture, or even an internal-built tool that puts employee data at risk, Visier’s Talent Agents are built to run programs end-to-end and prove impact, not just track activity.

The agents reach every stakeholder in a program at the moment they need to act, not just when someone remembers to ask. They’re built to match how an organization actually operates, and the outcome of every action it recommends feeds back into the AI learning engine, so guidance gets sharper with each cycle. Because guidance runs on Visier’s proprietary Workforce AI rather than routing every follow-up through a person, organizations can scale their programs without being constrained by HRBP headcount.

The agents are built on Visier’s Workforce Intelligence Platform, so every program comes with the context, governance, and security an enterprise expects, backed by over 16 years of experience solving HR’s toughest problems.

Talent Agents are Visier’s answer to what the company calls the “activate” layer of Workforce AI, building on the platform’s existing strength in helping organizations understand their workforce data and plan around it. The offering pairs Visier’s technology with a dedicated implementation team that customizes each program to a customer’s specific processes and goals.

Attending HRTech 2026 in Las Vegas this week? Head over to Visier Booth #5209 to explore Talent Agents, or visit visier.com to learn more. The Visier team will also be at UNLEASH World in Paris (booth #106) and Total Talent Asia (booth #3).

About Visier
Visier Workforce AI is the context foundation for talent management. The Visier Workforce Intelligence Platform turns scattered, sensitive people data into one governed understanding of the entire workforce, so organizations can understand, plan, and activate all of their talent priorities in one place. More than 85,000 of the world’s most complex organizations, including Ford Motor Company, eBay, Experian, and Domino’s Pizza, rely on Visier’s over 16 years of workforce domain expertise, ranked #1 in vendor satisfaction and user experience for three consecutive years by the Sapient Insights HR Systems Survey. Learn more at Visier.com.

*Research from fall 2026, conducted by the Visier, Inc. Research Team surveyed verified senior HR and Talent leaders from 80 organizations with more than 10,000 employees across North America.  

visierpr@walkersands.com

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SOURCE Visier

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HSG Laser Unveils New Flagship Machine at EuroBLECH 2026, Powering Productivity for European Manufacturers

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HANNOVER, Germany, Oct. 21, 2026 /PRNewswire/ — HSG Laser is showcasing its latest laser cutting and intelligent manufacturing solutions at EuroBLECH 2026, held from October 20–23 at the Hannover Exhibition Centre. Under the theme “Powering Productivity with HSG,” HSG is presenting its latest innovations at Booth 15-F42, including the European debut of its new flagship GV, alongside the launch of GFA PRO and AI CutPilot, as well as the European debut of its high-speed laser solutions G3015T and R2 PRO.

Expanding High-Performance Laser Solutions

The new GFA PRO is engineered for large-format metal processing, addressing challenges such as large footprints, low speed, unstable thick-plate performance, and high operating costs. Making their European debut, the G3015T and R2 PRO expand HSG’s high-speed laser lineup for sheet and tube processing, helping manufacturers improve throughput, flexibility, and production efficiency.

“HSG Laser’s European footprint has grown steadily, with more than 2,000 units delivered and a new showroom opening soon this year,” said Shawn Wang, Vice President of HSG Laser. “Our latest launches at EuroBLECH mark another step forward, combining high-performance equipment with intelligent technologies and localized support to deliver greater productivity for European customers.”

Recognized by MM MaschinenMarkt Germany

Built for the European market, HSG Laser earned the “International Spotlight” award from MM MaschinenMarkt Germany’s Chief Editor for its GV and AI CutPilot. The GV combines cutting, beveling, countersinking, and chamfering in one machine to streamline pre-welding workflows and boost efficiency. AI CutPilot is HSG’s industry-first, self-developed AI system that turns laser-cutting expertise into a reusable, scalable machine capability, helping reduce trial work and improve first-pass yield. The award further highlights HSG Laser’s technological strength and growing presence in the European market.

Strengthening Local Operations in Europe

As part of its continued commitment to supporting manufacturers worldwide, HSG Laser is further strengthening its localized operations in Europe. On 10th November, HSG will open its new showroom in Düsseldorf, Germany under the theme “Go Global, Link Local.” The new showroom will bring HSG’s latest machines, technologies, and expertise closer to European customers, creating more opportunities for direct engagement and local support. This expansion further strengthens HSG’s presence in Europe and its ability to provide responsive, customer-focused solutions tailored to local manufacturing needs.

About HSG Laser

Founded in 2006, HSG Laser is a leading global manufacturer of intelligent metal processing equipment, specializing in laser cutting, tube processing, bending, and welding automation systems. With a presence in over 100 countries and regional centers across Europe, North America, Japan, India, and Asia-Pacific, HSG Laser is committed to driving the transformation of manufacturing through innovation, reliability, and artificial intelligence.

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Mérieux NutriSciences Completes Acquisition of Certified Group, Becoming North America’s Leading Food Testing Provider

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CHICAGO, Oct. 21, 2026 /PRNewswire/ — Mérieux NutriSciences, a global leader in food safety, quality, and sustainability, today announced the successful completion of its acquisition of Certified Group.

First announced in August 2026, this strategic transaction unites two complementary leaders in the Testing, Inspection, and Certification (TIC) sector. With approximately $300 million in revenue, Certified Group brings 31 laboratories and over 1,600 talented employees into Mérieux NutriSciences’ global network. The integration also adds a robust roster of more than 170 independent regulatory consultants across the United States and Canada.

With this expanded coast-to-coast footprint, Mérieux NutriSciences is positioned to provide customers with broader service offerings and enhanced regulatory support. The integration deepens the company’s capabilities in key Food & Beverage segments, most notably in animal protein through its Food Safety Net Services (FSNS) network, where Certified Group has built a strong reputation as a bellwether for safety and quality, alongside leading positions in dairy, packaged foods, nuts, and spices.

Customers will also benefit from high-value expertise in cosmetics, OTC products, and dietary supplements through the Certified Laboratories vertical, and reduced-harm nicotine product testing via Labstat International. These core verticals are further bolstered by specialized expert services, including contract research (Lab Plus), regulatory consulting (EAS Consulting Group), and comprehensive certification and audit programs (FSNS Certification and Audit).

“We are thrilled to officially welcome the talented teams from Certified Group to the Mérieux NutriSciences global network,” said Nicolas Cartier, CEO of Mérieux NutriSciences. “By combining our respective strengths, we are vastly expanding the depth and breadth of our capabilities. This milestone allows us to be closer to our customers, meeting their localized, time-sensitive needs with unmatched speed and reliability, while furthering our shared purpose: Better Food. Better Health. Better World.”

“Our priority is to ensure a seamless transition for all customers while delivering immediate, enhanced value,” added Sébastien Moulard, President North America at Mérieux NutriSciences. “Through this nationwide analytical network, customers now have access to a truly comprehensive portfolio of routine testing, specialized analysis, expert regulatory support, and more. We are excited to leverage the best of both worlds to drive innovation and provide practical solutions right where production happens.”

“Certified Group has built a differentiated platform with a strong reputation for quality, scientific excellence and exceptional customer service,” said Deborah Kerr, Managing Director, Warburg Pincus & Executive Chair, Certified Group. “We are proud to have supported Certified Group’s evolution and look forward to seeing the company continue to thrive as part of Mérieux NutriSciences.”

The financing of the acquisition brings new minority shareholders Peugeot Invest and Continental Grain Company (Conti) alongside Mérieux NutriSciences’ long standing shareholders: Institut Mérieux, Sofina, and Dassault Group. This collective support underscores strong market confidence in the company’s strategic vision. Ultimately, the successful integration of Certified Group solidifies Mérieux NutriSciences as the leading provider in North America and a top player in the global food TIC market, further cementing its role as the trusted partner for customers navigating a rapidly evolving landscape.

About Mérieux NutriSciences:

At Mérieux NutriSciences, we leverage 60 years of scientific and entrepreneurial expertise to answer food industry needs. Today’s global challenges transform the way food is produced, marketed and consumed, which is why we know our clients need more than reliable analytical results; they need practical and innovative solutions that will contribute to make food systems safer, healthier and more sustainable. Present worldwide, we are more than 160 accredited laboratories and a team of over 11,600 committed employees. We strongly believe that together, we can create solutions to offer our planet: BETTER FOOD. BETTER HEALTH. BETTER WORLD. na.mxns.com

MERIEUX NUTRISCIENCES
Stephen Nichols (North America)
stephen.nichols@mxns.com 

Marion Bertrand (Global)
media@mxns.com 

Ashton van den Bergh (Global)
media@mxns.com

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SOURCE Mérieux NutriSciences

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