As the number of 5G network launches and compatible devices ramps, 5G will account for 15 per cent or 1.4 billion, of global mobile connections by 2025, according to a GSMA report. In particular, 5G is forecast to account for 50 percent of connections in the United States in 2025 and 30 percent of connections China and Europe. However, 4G will continue to see strong growth over this period, accounting for almost 60 per cent of global connections by 2025 – up from 43 per cent last year.
The 2019 global edition of the GSMA’s flagship Mobile Economy Reportpredicts that 16 major markets will switch on commercial 5G networks in 2019, following the first 5G launches in South Korea and the United States in 2018. It is calculated that mobile operators worldwide are investing around $160 billion per year on expanding and upgrading their networks.
Overall, one billion unique mobile subscribers have been added since 2013, bringing the total to 5.1 billion by the end of 2018, representing about two thirds of the global population. More than 700 million new subscribers are forecast to be added in the next seven years, about a quarter of these coming from India alone;
The number of global IoT connections will grow even faster, tripling to 25 billion by 2025, while global IoT revenue will quadruple to $1.1 trillion.
From the financial viewpoint, 5G will contribute $2.2 trillion to the global economy during the next 15 years, with key sectors such as manufacturing, utilities, and professional and financial services benefitting the most from the new technology.