The momentum of 5G remains unstoppable, with 1.6 billion connections projected globally by 2030, according to GSMA Intelligence.
Dominance of 5G Connectivity
New figures from GSMA Intelligence (GSMAi) indicate that 5G connections are expected to dominate, representing over half (51%) of mobile connections by 2029, rising to 56% by the end of the decade.
Rapid Growth and Expansion
5G has witnessed unprecedented growth, surpassing one billion connections by the end of 2022, reaching 1.6 billion connections by the end of 2023, and projected to reach 5.5 billion by 2030.
Global Adoption and Deployment
As of January 2024, commercial 5G services were launched by 261 operators across 101 countries, with over 90 operators committed to future rollouts.
Empowering Industries and Enterprises
Developments in 5G Standalone, 5G-Advanced, enterprise IoT, and AI are driving industry opportunities, paving the way for new revenue streams through the BCE standard.
Evolution of IoT and Enterprise Connectivity
The growth of 5G Standalone networks and improved support for private and dedicated networks are set to revolutionize enterprise IoT, with enterprise connections expected to more than double to 38.5 billion by 2030.
Key Milestones and Innovations
The availability of 5G-Advanced with 3GPP Release 18 will be a significant milestone, catalyzing new investments and driving priority use cases such as 5G multicast services and low-cost IoT support.
Future Projections and Infrastructure Requirements
GSMA Intelligence predicts a fourfold rise in mobile data traffic by 2030, underscoring the importance of continued infrastructure investments to support expanding 5G coverage and capacity.
Conclusion
The era of 5G is reshaping connectivity, propelling industries forward, and transforming the way we live and work. With its unprecedented growth and potential, 5G continues to drive innovation and unlock new opportunities on a global scale.
Source: PR Newswire
