5G Will Account for 15% of Global Mobile Market by 2025

5G adoption projections

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Published
 on February 25, 2019 by Forbes


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5G going global


By 2025, 15% of the global mobile industry will run on fifth generation (5G) technology, finds The Mobile Economy 2019 report. The report was published today at MWC Barcelona by GSMA, the mobile industry body behind MWC Barcelona.

This rise in 5G coverage is being spurred by the number of 5G network country launches ramping up in 2019 and 5G enabled-products hitting the market. By 2025, 5G should account for around 1.4 billion connections. It is tipped to take an even bigger stake in the U.S. mobile industry where it could account for as much as half the total. While the Chinese and European mobile industries should account for around 30% of connections by 2025.

The report estimates that $160 billion a year is being invested in expanding and upgrading networks for 5G by mobile operators around the world; the number of global Internet of Things (IoT) connections will triple to 25 billion by 2025, and global IoT revenue will quadruple to $1.1 trillion.

The report foresees 5G contributing $2.2 trillion to the global economy over the next 15 years, with strong take up amongst manufacturing, utilities, and professional and financial services. Telefonica-owned U.K. mobile operator o2 has already announced that it will be pushing its soon to roll out 5G service primarily to U.K. businesses.

South Korea and the U.S. launched 5G in 2018 and it is due to hit heavily populated areas of the U.K. this year. The survey expects another 15 major markets to switch on commercial 5G networks during 2019.

4G Growing Too

It’s not over for 4G yet either, which is still rolling out in some parts of the world. 4G should make up close to 60% of global connections by 2025, up from 43% in 2018. Meanwhile, there are now 5.1 billion unique mobile subscribers worldwide, meaning that about two-thirds of the world’s population now owns an active mobile phone. Mobile technologies and services generated 4.6% of GDP globally last year. This is expected to grow to 4.8% of GDP or $4.8 trillion by 2023.

Over 700 million new mobile subscribers are expected to sign up over the next seven years, about a quarter of whom will be from India.

The full report can be downloaded here

 

This article was written by Anna Tobin from Forbes and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

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