Q4 connectivity market hits $333bn

The Q4 global connectivity market spanning mobile, fixed broadband and fixed voice, reached $333 billion, representing a 5% YoY growth.

Full year revenues totalled $1.3 trillion in 2025, up 4% YoY.

5G continues its  growth trajectory, reaching 3 billion connections globally and growing 34% YoY.

While still behind 4G, which stands at 8.3 billion connections, 5G adoption is accelerating rapidly. Asia remains the largest market, accounting for 69% of global 5G connections.

Fixed broadband connections reached 1.6bn in 2025, with FTTx broadband continuing to dominate as the leading technology, surpassing 1.169 billion connections, and growing 7% annually.

In Q4 2025 India overtook the United States to become the leading 5G FWA market in the world, with 14.5 million connections compared to 13.9 million in the United States.

The global ranking of telecoms operators by connectivity revenues continues to be dominated by operators from the United States and China, which together account for eight out of the top ten positions. The remaining two operators are Japanese.

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