5G Smart Retail Market Size, Share, Growth, and Industry Analysis, By Type (Hardware service and Software Service), By Application (5G Smart Store, 5G Smart Restaurant, 5G Smart Business Hall and Others), Regional Forecast To 2034

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5G SMART RETAIL MARKET OVERVIEW

The global 5g smart retail market size was valued at approximately USD 2.03 billion in 2025 and is expected to reach USD 21.5 billion by 2034, growing at a compound annual growth rate (CAGR) of about 30% from 2025 to 2034.

The COVID-19 pandemic has caused considerable issues for the retail sector, but it has also sped up the adoption of technology, particularly 5G-enabled technologies that can enhance consumer experience and streamline processes.

Retailers can now adopt new solutions and services that were not feasible with earlier generations of cellular networks by utilizing 5G technology's faster network speeds and better connectivity.

KEY FINDINGS

COVID-19 IMPACT

Pandemic Increased the Market Demand owing to the adoption of work from home

The 5G smart retail business has been significantly impacted by the COVID-19 outbreak. Due to the increased demand for contactless shopping experiences, AR and VR shopping experiences, digital signage and wayfinding solutions, and greater supply chain visibility and inventory management, technology adoption in the retail industry has accelerated, including the adoption of 5G-enabled solutions. These solutions can enhance customer satisfaction and streamline processes. The 5G smart retail business is anticipated to continue expanding quickly in the years to come, notwithstanding the difficulties brought on by the epidemic.

LATEST TRENDS

Demand to make contactless payments to surge market growth

Retailers are now able to offer cutting-edge products and services that improve the consumer experience and operational efficiency thanks to 5G technology. In the upcoming years, these trends are anticipated to continue to develop and influence the 5G smart retail market. The following are the newest trends in the market. To provide tailored purchasing experiences, retailers are using 5G technologies. Shops are installing 5G-enabled payment systems to make quick and safe transactions possible. 5G technology enables businesses to send customers offers and product recommendations in real time based on where they are in a store.

• According to the ITU (Facts & Figures 2024), 5G mobile coverage reached an estimated 51% of the world population in 2024 (with 84% coverage in high-income countries vs 4% in low-income countries), highlighting uneven global rollout that affects where smart-retail projects can be deployed.

• According to the CTIA “State of 5G” industry report, real-world 5G download speeds are now routinely over 100 Mbps and latency improvements are measurable — enabling latency-sensitive retail use cases like AR-assisted shopping and real-time video analytics.

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5G SMART RETAIL MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into hardware service and software service. 

By Application Analysis

Based on application, the market can be divided into 5G Smart Store, 5G Smart Restaurant, 5G Smart Business Halland, and others. 

DRIVING FACTORS

Demand for personalization to prosper market growth

The demand for personalisation, contactless payments, AR and VR technologies, supply chain visibility, inventory management, and sustainability is fuelling the expansion of the 5G smart retail sector. Contactless payment options are becoming more popular as a result of the ongoing COVID-19 pandemic, which 5G technology can assist with quick and safe transactions. The usage of augmented reality (AR) and virtual reality (VR) in retail is on the rise, and 5G technology can deliver the high-speed connectivity required to offer seamless and immersive shopping experiences.

• According to Gartner, 75% of enterprise-generated data is expected to be created and processed at the edge by 2025, which directly supports in-store real-time analytics and AR/VR retail experiences when paired with 5G.

• According to Verizon’s private-5G report (summarizing Analysys Mason / industry data), private cellular networks are projected to expand from ~1,900 active networks to about 39,000 by 2026, driving enterprise adoption of low-latency 5G solutions for retail campuses, warehouses and fulfilment centres.

Advanced analytics and sustainability to augment market growth

To improve product placement and estimate demand, retailers use machine learning algorithms and advanced analytics. Retailers are implementing 5G-enabled technologies to cut back on waste, improve transportation routes, and reduce energy consumption. Demand for more personalized shopping experiences has increased, and 5G technology can help businesses meet this desire by delivering personalized promos, targeted marketing, and individualized product recommendations. These factors are estimated to expand 5G smart retail market growth.

RESTRAINING FACTORS

High cost and restricted coverage to be a major factor in restraining market growth

Smaller retailers or those with tighter budgets may find it difficult to adopt 5G technology because it demands a substantial investment. The adoption of 5G-enabled solutions by shops may be hampered by the limited availability of 5G networks in some regions. There are worries about the security of 5G networks and the possibility of data breaches, as there are with any new technology. The implementation of 5G networks and solutions may be impacted by the complicated legal environment around 5G technology. This is because different regions have different rules and standards.

Integration difficulties: Integrating 5G-enabled technologies with current retail systems can be a challenging and time-consuming process, which may slow down adoption for some shops.

• According to the ITU, although 5G coverage hit ~51% globally in 2024, only ~4% of people in low-income countries have 5G coverage, creating a large digital divide that restricts smart-retail rollouts in many markets.

• According to Verizon’s private-5G brief, more than 20 countries had made spectrum available for private 5G by the report date, meaning many countries still lack site-specific spectrum policies — a regulatory bottleneck that can delay retailer deployments.

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5G SMART RETAIL MARKET REGIONAL INSIGHTS

North America to dominate the market owing to the rising demand for personalized shopping experience

North America is one of the leading region for 5G smart retail market, driven by the high demand for personalized shopping experiences and advanced analytics.  The region's well-established infrastructure and legal system have made it easier to implement 5G networks and products.

With many retailers embracing 5G-enabled solutions for supply chain management, inventory management, and consumer engagement, Europe is predicted to hold a significant part of 5G smart retail market share. Unfortunately, because of legislative obstacles and insufficient funding, the rollout of 5G networks has been slower in some places.

Due to the rapid uptake of 5G networks and the high demand for advanced retail solutions in nations like China, the Asia-Pacific region is anticipated to see considerable growth in the market.

KEY INDUSTRY PLAYERS

Adoption Innovative Strategies by Key Players Influencing Market Development

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Telit, T‑Mobile, Verizon, Intel, EE Times Asia, Deloitte, Wipro, eMarketer, HT Media Group, AT&T Business, ACS Solutions, MarketSource and Gartner. 

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

• T-Mobile — According to T-Mobile business updates, T-Mobile reported 7.3 million 5G broadband customers (consumer 5G broadband base reported in mid-2025 quarterly data) — showing scale for 5G broadband services that retailers can leverage.

• Intel — Industry reports show Intel shipped ~4.09 million x86 server CPUs in Q3 2024 (server CPU shipments underpinning edge/server capabilities retailers use for MEC).

List of Top 5G Smart Retail Companies

• Telit
• T‑Mobile
• Verizon
• Intel
• EE Times Asia
• Deloitte
• Wipro
• eMarketer
• HT Media Group
• AT&T Business
• ACS Solutions
• MarketSource
• Gartner

REPORT COVERAGE

This report examines an understanding of the 5G smart retail market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.