5G is the next best thing for the internet that is to be commercialized. However, some countries have implemented this technology and are now enjoying its services. South Korea is the leading country that has fully adopted the 5G network on a large scale. Hence, they lead the industry by a good margin and will be even ahead when other countries catch up to this technology.
According to the GSMA Intelligence, if this trend continues to grow, just in 5 years, South Korea will have 60% of cell phones connected on the 5G network, followed by 50% in Japan and the USA and around 28% in China. If that is the case, the 5G market will be one of the hottest industries in the coming years.
Countries that have been offered a commercial 5G contract, as of May 2020, will be the ones who are expected to grow this industry in their respective countries. In addition to the countries mentioned above, Gulf states like Saudi Arabia, UAE, Oman, and Kuwait are also expected to reach a share of 17% 5G subscriptions as soon as 2025.
Europe’s current 5G network has not yet been disclosed by the GSMA, which will be on a country-by-country basis. Still, a wild estimation predicts that Europe’s adoption of a 5G network will reach 34% by 2025. The current 5G enabled countries of Europe are the UK, Germany, Spain, Poland, Italy, Ireland, Romania, Finland, Norway, and Hungary.
Have a look at the following infographic for the future of the 5G network.
Infographic by: statista.com