5G Public Cloud Market - Strategic Insights and Forecasts (2026-2031)

The Global 5G Public Cloud market is forecast to grow significantly, reaching USD 60.04 billion in 2031 from USD 1.89 billion in 2026. This growth represents an impressive Compound Annual Growth Rate (CAGR) of 99.7% over the forecast period.

Key growth drivers include the widespread deployment of 5G standalone (SA) networks, as Communication Service Providers (CSPs) transition core networks to the cloud. Additionally, the unabated rise in adoption of advanced technologies such as big data, artificial intelligence (AI), and machine learning (ML) is significantly expediting demand for 5G cloud services.

The report highlights North America and EMEA (Europe, Middle East, and Africa) as the leading regions driving the growth in the 5G Public Cloud market. These regions are at the forefront of adopting and implementing 5G public cloud solutions.

AI and ML are crucial for enhancing 5G cloud services, particularly for data analytics, by aiding users in oversight, analysis, and representation of raw data. Examples include Ericsson's partnership with Google Cloud to develop AI/ML-leveraging Cloud RAN solutions, and AWS's US$50 million initiative supporting public sector generative AI needs with services like Amazon SageMaker.

CSPs are increasingly leveraging multicloud strategies to enhance 5G cloud scalability and flexibility for core networks. They are also adapting their operations and go-to-market strategies to utilize the public cloud as a base for 5G SA deployments, focusing on building ecosystems and partnerships with large cloud companies to harness hyper-scale infrastructure.

Yes, significant initiatives include Amazon Web Services' announcement in June 2024 to invest US$50 million over two years in its AWS Public Sector Generative AI Impact Initiative. Furthermore, Ericsson expanded its partnership with Google Cloud in September 2023 to develop the Ericsson Cloud RAN solution on Google Distributed Cloud, integrating AI and ML for CSPs.