A study released on Thursday, November 7, 2019, showed that by 2025, China, Japan, the United States, and South Korea would make up more than half of the world’s 5G subscribers. On the other hand, Europe is expected to stay behind.
The pace of building 5G networks in Europe is slow, and it will lag in the area of 5G consumer adoption. However, the situation in the corporate world is very different. The 5G network will be able to operate “smart” factories through devices, networked robots, and sensors way sooner than many out there might be thinking.
Head of research at GSMA Intelligence, Tim Hatt, told Reuters that,
“The future will be a small group of countries standing in the leading position of 5G uses, and the rest of the world will follow.”
“China, South Korea, Japan, and the United States will account for more than half of the world’s 5G users by 2025.”
Talking about the speed, 5G is fast enough to download a movie to your phone in a matter of seconds. The rapid promotion of 5G networks has made many people jump onto the boat merely out of curiosity. Nokia (NOKIA.HE), the world’s second-largest network equipment supplier after Huawei, just invested funds in the upgrade of 5G network equipment and suspended its dividend.
A 100-page research report from the GSMA Mobile Think Tank shows that by 2025, 66% of mobile phone users in Korea will be 5G users, and the US and Japan will reach 50% and 49%, respectively.
The number of 5G users in China will reach 600 million. It is estimated that there will be 1.57 billion people using 5G mobile phones by 2025, accounting for about 18% of the total number of mobile phone users.
Coming from the tech experts, past events show that operators can raise prices of 5G services by 15-20%. But if experts’ predictions prove reliable, these price increases will eventually disappear in the competition.
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