Seattle, WA -- (SBWIRE) -- 11/29/2019 -- 5G is a crucial component of the global digitally connected ecosystem, currently. It is estimated that between 2019 and 2025, the number of 5G users will increase by roughly 1.2 Bn, globally. The United States (U.S.), China, Japan, and the majority of European Union (EU) countries will account for 70% of the 5G users by 2025. Once it is launched commercially in 2020, the 5G market will expand at a compound annual growth rate (CAGR) of 97.1% till 2025.
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The ever-increasing demand for enhanced mobile broadband experience, and rise in smartphone adoption are driving revenue from SIM cellular connections. 5G SIM cellular connections are expected to increase at a staggering 129% compound annual growth rate (CAGR), from 2020 to 2025. Not only that, both data consumption and speed will also increase at a considerable rate. Increase in user engagement through smartphone is the major cause of growth in data consumption, while improvement of network infrastructure is expected to lead to greater connection speeds. Smartphone users, on an average, spend time accessing over 30 apps on a monthly basis, according to recent survey reports.
SIM M2M connections will also witness rapid growth during the forecast period. Connected home applications, such as home security and video surveillance, home automation, connected white goods, and tracking applications will represent nearly half of the total M2M connections by 2021. M2M devices' penetration for industrial use will also increase, and it is estimated that there will be less than half a billion M2M connections in sectors like retail, manufacturing, and energy. This will mainly be driven by automation and artificial intelligence (AI).
Nippon Telegraph and Telephone
China Telecommunications Corp
- The 5G infrastructure market is poised to witness a CAGR of 42.84% during the forecast period (2019-2025). 5G is expected to drive virtualization in 2019. The number of carriers committing to deploying virtualized network infrastructure to support 5G applications service will increase. Since expectations for 5G are high, the next-generation mobile standard will underpin mission-critical processes and innovations, including telemedicine, remote surgery, and even driverless cars.
- Demand for mobile data services is increasing due to the several subscriptions availed by the users. After the commercialization of 5G network connectivity, high demand for 5G-enabled smartphones with high-speed internet connectivity is expected, which is expected to be a key driver for the market.
- Growth of machine-to-machine communication in industries is due to the involvement of a group of devices in applications, like smart homes, smart cities, etc. Therefore, it makes sense to optimize mobile network communications at a faster speed, which can be a key driver in the growth of the market.
- However, due to high initial capital expenditure to support huge numbers of small cells network, and network architecture models, the market may face challenge in developing the 5G infrastructure.
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