The North America 5G in BFSI Market would witness market growth of 31.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G in BFSI Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $26,199.2 million by 2031. The Canada market is experiencing a CAGR of 34.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 33.5% during (2024 - 2031).
The advent of 5G technology has been a transformative force across various industries, and its impact on the BFSI sector is particularly profound. With its unmatched speed, connection, dependability, and latency advantages, 5G—the next generation of wireless communication technology—lays the groundwork for developments in financial services.
The BFSI sector has been at the forefront of adopting technological advancements to meet evolving consumer expectations and competitive pressures. However, the limitations of existing network infrastructures often hindered the sector's ability to fully leverage emerging technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and blockchain.
North America constitutes a highly sophisticated and competitive market for 5G in BFSI sector, propelled by a strong digital infrastructure and the early adoption of cutting-edge technologies. The region’s financial institutions are heavily investing in integrating 5G to support real-time analytics, enhance customer experiences, and ensure superior cybersecurity measures. With telecom giants aggressively rolling out 5G networks and governments supporting technological advancements, the region remains at the forefront of leveraging 5G for digital transformation in financial services. Mexico's dynamic fintech landscape is well-positioned to leverage advanced technologies, such as real-time mobile payments, blockchain solutions, and digital banking, to drive innovation and financial inclusion across the region. Hence, North America remains poised to remain a global leader in 5G-enabled financial services.
Free Valuable Insights: The 5G in BFSI Market is Predict to reach USD 105.89 Billion by 2031, at a CAGR of 32.5%
Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Data Type, the market is segmented into Real-Time Data, Structured Data, and Unstructured Data. Based on Service, the market is segmented into Managed Services, Consulting Services, and Professional Services. Based on Deployment Type, the market is segmented into Cloud-based, On-Premises, and Hybrid. Based on Application, the market is segmented into Mobile Banking & Payments, Fraud Detection & Security, Real-Time Trading & Investment Services, Customer Service (Chatbots, AI), and Smart Branches & ATMs & Others. Based on Technology, the market is segmented into Mobile Connectivity, AI & ML, Cloud Computing, IoT, Blockchain, Edge Computing, and Other Technology. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Vodafone Group Plc
- Telefónica S.A.
- AT&T Inc.
- Verizon Communications, Inc.
- Ericsson AB
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Samsung Electronics Co., Ltd. (Samsung Health)
- ZTE Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
North America 5G in BFSI Market Report Segmentation
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Data Type
- Real-Time Data
- Structured Data
- Unstructured Data
By Service
- Managed Services
- Consulting Services
- Professional Services
By Deployment Type
- Cloud-based
- On-Premises
- Hybrid
By Application
- Mobile Banking & Payments
- Fraud Detection & Security
- Real-Time Trading & Investment Services
- Customer Service (Chatbots, AI)
- Smart Branches & ATMs & Others
By Technology
- Mobile Connectivity
- AI & ML
- Cloud Computing
- IoT
- Blockchain
- Edge Computing
- Other Technology
By Country
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America 5G in BFSI Market, 2020 - 2023, USD Million
TABLE 2 North America 5G in BFSI Market, 2024 - 2031, USD Million
TABLE 3 North America 5G in BFSI Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 4 North America 5G in BFSI Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 5 North America Large Enterprises Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Large Enterprises Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Small & Medium Enterprises (SMEs) Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Small & Medium Enterprises (SMEs) Market by Region, 2024 - 2031, USD Million
TABLE 9 North America 5G in BFSI Market by Data Type, 2020 - 2023, USD Million
TABLE 10 North America 5G in BFSI Market by Data Type, 2024 - 2031, USD Million
TABLE 11 North America Real-Time Data Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Real-Time Data Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Structured Data Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Structured Data Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Unstructured Data Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Unstructured Data Market by Country, 2024 - 2031, USD Million
TABLE 17 North America 5G in BFSI Market by Service, 2020 - 2023, USD Million
TABLE 18 North America 5G in BFSI Market by Service, 2024 - 2031, USD Million
TABLE 19 North America Managed Services Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Managed Services Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Consulting Services Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Consulting Services Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Professional Services Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Professional Services Market by Country, 2024 - 2031, USD Million
TABLE 25 North America 5G in BFSI Market by Deployment Type, 2020 - 2023, USD Million
TABLE 26 North America 5G in BFSI Market by Deployment Type, 2024 - 2031, USD Million
TABLE 27 North America Cloud-based Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Cloud-based Market by Country, 2024 - 2031, USD Million
TABLE 29 North America On-Premises Market by Country, 2020 - 2023, USD Million
TABLE 30 North America On-Premises Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Hybrid Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Hybrid Market by Country, 2024 - 2031, USD Million
TABLE 33 North America 5G in BFSI Market by Application, 2020 - 2023, USD Million
TABLE 34 North America 5G in BFSI Market by Application, 2024 - 2031, USD Million
TABLE 35 North America Mobile Banking & Payments Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Mobile Banking & Payments Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Fraud Detection & Security Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Fraud Detection & Security Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Real-Time Trading & Investment Services Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Real-Time Trading & Investment Services Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Customer Service (Chatbots, AI) Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Customer Service (Chatbots, AI) Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Smart Branches & ATMs & Others Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Smart Branches & ATMs & Others Market by Country, 2024 - 2031, USD Million
TABLE 45 North America 5G in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 46 North America 5G in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 47 North America Mobile Connectivity Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Mobile Connectivity Market by Country, 2024 - 2031, USD Million
TABLE 49 North America AI & ML Market by Country, 2020 - 2023, USD Million
TABLE 50 North America AI & ML Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Cloud Computing Market by Country, 2020 - 2023, USD Million
TABLE 52 North America Cloud Computing Market by Country, 2024 - 2031, USD Million
TABLE 53 North America IoT Market by Country, 2020 - 2023, USD Million
TABLE 54 North America IoT Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Blockchain Market by Country, 2020 - 2023, USD Million
TABLE 56 North America Blockchain Market by Country, 2024 - 2031, USD Million
TABLE 57 North America Edge Computing Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Edge Computing Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Other Technology Market by Country, 2020 - 2023, USD Million
TABLE 60 North America Other Technology Market by Country, 2024 - 2031, USD Million
TABLE 61 North America 5G in BFSI Market by Country, 2020 - 2023, USD Million
TABLE 62 North America 5G in BFSI Market by Country, 2024 - 2031, USD Million
TABLE 63 US 5G in BFSI Market, 2020 - 2023, USD Million
TABLE 64 US 5G in BFSI Market, 2024 - 2031, USD Million
TABLE 65 US 5G in BFSI Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 66 US 5G in BFSI Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 67 US 5G in BFSI Market by Data Type, 2020 - 2023, USD Million
TABLE 68 US 5G in BFSI Market by Data Type, 2024 - 2031, USD Million
TABLE 69 US 5G in BFSI Market by Service, 2020 - 2023, USD Million
TABLE 70 US 5G in BFSI Market by Service, 2024 - 2031, USD Million
TABLE 71 US 5G in BFSI Market by Deployment Type, 2020 - 2023, USD Million
TABLE 72 US 5G in BFSI Market by Deployment Type, 2024 - 2031, USD Million
TABLE 73 US 5G in BFSI Market by Application, 2020 - 2023, USD Million
TABLE 74 US 5G in BFSI Market by Application, 2024 - 2031, USD Million
TABLE 75 US 5G in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 76 US 5G in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 77 Canada 5G in BFSI Market, 2020 - 2023, USD Million
TABLE 78 Canada 5G in BFSI Market, 2024 - 2031, USD Million
TABLE 79 Canada 5G in BFSI Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 80 Canada 5G in BFSI Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 81 Canada 5G in BFSI Market by Data Type, 2020 - 2023, USD Million
TABLE 82 Canada 5G in BFSI Market by Data Type, 2024 - 2031, USD Million
TABLE 83 Canada 5G in BFSI Market by Service, 2020 - 2023, USD Million
TABLE 84 Canada 5G in BFSI Market by Service, 2024 - 2031, USD Million
TABLE 85 Canada 5G in BFSI Market by Deployment Type, 2020 - 2023, USD Million
TABLE 86 Canada 5G in BFSI Market by Deployment Type, 2024 - 2031, USD Million
TABLE 87 Canada 5G in BFSI Market by Application, 2020 - 2023, USD Million
TABLE 88 Canada 5G in BFSI Market by Application, 2024 - 2031, USD Million
TABLE 89 Canada 5G in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 90 Canada 5G in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 91 Mexico 5G in BFSI Market, 2020 - 2023, USD Million
TABLE 92 Mexico 5G in BFSI Market, 2024 - 2031, USD Million
TABLE 93 Mexico 5G in BFSI Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 94 Mexico 5G in BFSI Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 95 Mexico 5G in BFSI Market by Data Type, 2020 - 2023, USD Million
TABLE 96 Mexico 5G in BFSI Market by Data Type, 2024 - 2031, USD Million
TABLE 97 Mexico 5G in BFSI Market by Service, 2020 - 2023, USD Million
TABLE 98 Mexico 5G in BFSI Market by Service, 2024 - 2031, USD Million
TABLE 99 Mexico 5G in BFSI Market by Deployment Type, 2020 - 2023, USD Million
TABLE 100 Mexico 5G in BFSI Market by Deployment Type, 2024 - 2031, USD Million
TABLE 101 Mexico 5G in BFSI Market by Application, 2020 - 2023, USD Million
TABLE 102 Mexico 5G in BFSI Market by Application, 2024 - 2031, USD Million
TABLE 103 Mexico 5G in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 104 Mexico 5G in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 105 Rest of North America 5G in BFSI Market, 2020 - 2023, USD Million
TABLE 106 Rest of North America 5G in BFSI Market, 2024 - 2031, USD Million
TABLE 107 Rest of North America 5G in BFSI Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 108 Rest of North America 5G in BFSI Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 109 Rest of North America 5G in BFSI Market by Data Type, 2020 - 2023, USD Million
TABLE 110 Rest of North America 5G in BFSI Market by Data Type, 2024 - 2031, USD Million
TABLE 111 Rest of North America 5G in BFSI Market by Service, 2020 - 2023, USD Million
TABLE 112 Rest of North America 5G in BFSI Market by Service, 2024 - 2031, USD Million
TABLE 113 Rest of North America 5G in BFSI Market by Deployment Type, 2020 - 2023, USD Million
TABLE 114 Rest of North America 5G in BFSI Market by Deployment Type, 2024 - 2031, USD Million
TABLE 115 Rest of North America 5G in BFSI Market by Application, 2020 - 2023, USD Million
TABLE 116 Rest of North America 5G in BFSI Market by Application, 2024 - 2031, USD Million
TABLE 117 Rest of North America 5G in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 118 Rest of North America 5G in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 119 Key information – Vodafone Group Plc
TABLE 120 key information – Telefonica S.A.
TABLE 121 Key Information – AT&T, Inc.
TABLE 122 key information – Verizon Communications, Inc.
TABLE 123 key information – Ericsson AB
TABLE 124 Key Information – Nokia Corporation
TABLE 125 Key Information – Huawei Technologies Co., Ltd.
TABLE 126 Key Information – Samsung Electronics Co., Ltd.
TABLE 127 Key Information – ZTE Corporation
TABLE 128 Key Information – Qualcomm Incorporated
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 5G in BFSI Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting 5G in BFSI Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – 5G in BFSI Market
FIG 6 North America 5G in BFSI Market share by Enterprise Size, 2023
FIG 7 North America 5G in BFSI Market share by Enterprise Size, 2031
FIG 8 North America 5G in BFSI Market by Enterprise Size, 2020 - 2031, USD Million
FIG 9 North America 5G in BFSI Market share by Data Type, 2023
FIG 10 North America 5G in BFSI Market share by Data Type, 2031
FIG 11 North America 5G in BFSI Market by Data Type, 2020 - 2031, USD Million
FIG 12 North America 5G in BFSI Market share by Service, 2023
FIG 13 North America 5G in BFSI Market share by Service, 2031
FIG 14 North America 5G in BFSI Market by Service, 2020 - 2031, USD Million
FIG 15 North America 5G in BFSI Market share by Deployment Type, 2023
FIG 16 North America 5G in BFSI Market share by Deployment Type, 2031
FIG 17 North America 5G in BFSI Market by Deployment Type, 2020 - 2031, USD Million
FIG 18 North America 5G in BFSI Market share by Application, 2023
FIG 19 North America 5G in BFSI Market share by Application, 2031
FIG 20 North America 5G in BFSI Market by Application, 2020 - 2031, USD Million
FIG 21 North America 5G in BFSI Market share by Technology, 2023
FIG 22 North America 5G in BFSI Market share by Technology, 2031
FIG 23 North America 5G in BFSI Market by Technology, 2020 - 2031, USD Million
FIG 24 North America 5G in BFSI Market share by Country, 2023
FIG 25 North America 5G in BFSI Market share by Country, 2031
FIG 26 North America 5G in BFSI Market by Country, 2020 - 2031, USD Million
FIG 27 SWOT Analysis: AT&T Inc.
FIG 28 SWOT Analysis: Verizon Communications, Inc.
FIG 29 SWOT Analysis: Ericsson AB
FIG 30 SWOT Analysis: Nokia Corporation
FIG 31 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 32 SWOT Analysis: Samsung Electronics Co., Ltd.
FIG 33 Swot Analysis: ZTE Corporation
FIG 34 SWOT Analysis: QUALCOMM Incorporated