The 5G in BFSI Market is Predict to reach USD 105.89 Billion by 2031, at a CAGR of 32.5%

5G in BFSI Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global 5G in BFSI Market size is expected to reach $105.89 billion by 2031, rising at a market growth of 32.5% CAGR during the forecast period.

The Large Enterprises segment registered the maximum revenue in the Global 5G in BFSI Market by Enterprise Size in 2023, thereby, achieving a market value of $64.9 billion by 2031. These organizations leverage 5G to enhance operational efficiency, enable real-time data analytics, and deliver superior customer experiences. The technology allows large enterprises to integrate AI-driven insights, improve cybersecurity protocols, and implement innovative solutions such as smart ATMs and blockchain-based services.

The Real-Time Data segment is poised to grow at a CAGR of 31.8 % during the forecast period. The real-time data segment thrives on the BFSI sector's need for instantaneous processing and decision-making, enabled by 5G's low latency and high-speed capabilities. Applications such as real-time fraud detection, algorithmic trading, and instant customer notifications rely heavily on the seamless transfer and analysis of real-time data.

The Managed Services segment captured the maximum revenue in the Global 5G in BFSI Market by Service in 2023, thereby, achieving a market value of $42.9 billion by 2031. With deploying and maintaining 5G infrastructure complexities, BFSI institutions rely on managed service providers to seamlessly integrate, monitor, and optimize 5G networks. These services reduce operational burdens and ensure uninterrupted connectivity, allowing financial institutions to focus on their core competencies.

The Cloud-based segment is experiencing a CAGR of 32 % during the forecast period. Financial institutions increasingly prefer cloud solutions to support dynamic workloads, streamline operations, and enable real-time data processing, all enhanced by 5G's speed and connectivity. Cloud-based deployment reduces infrastructure costs and allows BFSI players to rapidly scale their services in response to market demands.

The Mobile Banking & Payments segment led the maximum revenue in the Global 5G in BFSI Market by Application in 2023, thereby, achieving a market value of $37.4 billion by 2031. The low latency and high-speed connectivity of 5G enable seamless and instantaneous payment processing, enhancing customer convenience. As digital wallets, QR-based payments, and peer-to-peer transfers become more prevalent, financial institutions leverage 5G to expand their mobile banking ecosystems.

The Mobile Connectivity segment is growing at a CAGR of 30.4 % during the forecast period. 5G's lightning-fast speeds and low latency make it possible for contactless transactions, digital payments, and mobile banking to operate effectively and satisfy customers' growing need for immediate services. Platforms like Google Pay and Paytm rely on mobile connectivity to process millions of transactions smoothly.

Full Report: https://www.kbvresearch.com/5g-in-bfsi-market/

The North America region dominated the Global 5G in BFSI Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36.5 billion by 2031. The Europe region is anticipated to grow at a CAGR of 32.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 33.2% during (2024 - 2031).

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.)

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America 5G in BFSI Market Size Industry Share | 2031

• December-2024
• 152 Pages

LAMEA 5G in BFSI Market Size, Share & Forecast | 2031

• December-2024
• 170 Pages

Europe 5G in BFSI Market Size | Industry Growth Report 2031

• December-2024
• 172 Pages

Asia Pacific 5G in BFSI Market Size, Share & Growth 2031

• December-2024
• 175 Pages