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5G is Growing in All Regions But Growth is Slowing

5G is the fifth generation of cellular networks. Up to 100 times faster than 4G, 5G is creating never-before-seen opportunities for people and businesses. 5g growth rate

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The global 5G technology market was valued at $5.13 billion in 2020, and is projected to reach $797.80 billion by 2030, growing at a CAGR of 65.8% from 2021 to 2030. 5G is a next-generation cellular technology that will provide high speed reliable communication at ultra-low latency levels.

Faster connectivity speeds, ultra-low latency and greater bandwidth is advancing societies, transforming industries and dramatically enhancing day-to-day experiences. Services that we used to see as futuristic, such as e-health, connected vehicles and traffic systems and advanced mobile cloud gaming have arrived.

5G runs on the same radio frequencies that are currently being used for your smartphone, on Wi-Fi networks and in satellite communications, but it enables technology to go a lot further.

Beyond being able to download a full-length HD movie to your phone in seconds (even from a crowded stadium), 5G is really about connecting things everywhere – reliably, without lag – so people can measure, understand and manage things in real time.

Africa is the 5G laggard and will have lowest penetration of all regions in 2027, Strategy Analytics predicts.
• The mmWave is still mainly used in North American market.
• Apple is the leading mmWave device vendor as all its US variants (except SE-models) support the technology.
• The mmWave is still predominantly a premium and high tier device technology due added cost to device BOM thus it won’t penetrate to low tiers anytime soon. 5g growth rate

5g growing

Asia Pacific dominated the global 5G infrastructure market with a share of 36.3% in 2020. This is attributable to the various key communication providers such as China Mobile Limited, KT Corporation, and NTT Docomo Inc., among others, aggressively deploying 5G new radio infrastructure in the region.

 

 

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