The Global 5G Services Market Size is expected to reach USD 897.98 Billion by 2032, at a CAGR of 24.4% during the forecast period of 2022 to 2032. In the world of telecommunications, 5G stands for fifth-generation technology standard for cellular networks. 5G is the replacement for 4G technology, which is what most modern mobile phones are connected to, and it was first widely adopted by cellular phone companies.