Market

5G is on the rise. More than 1 billion people now have access to 5G coverage, with 220 million consumers around the world who subscribe to 5G services. In only five years, this is expected to grow to 3.5 billion people subscribing to 5G by the end of 2026 worldwide – more than half of the entire mobile data traffic by then.

It is estimated that by 2035, 5G will create $13.1 trillion of global economic output, support nearly 23 million jobs worldwide and close the digital divide – one of the main challenges of policy and decision makers around the world. 5G propels technological innovation, economic growth and consumer value. But the success of 5G will not be limited to mobile phone coverage and subscriptions alone.

Its enormous added value is determined by new use cases and a mass of ground-breaking consumer and industrial applications that are still to come. Experts identify three major application scenarios and new use cases for 5G: it will significantly enhance mobile broadband; it will boost the launch of new applications for billions of users; and it will enable ultra-reliable low-latency systems. It also prepares the ground for the next giant leap: 6G.

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