A new study released by the research body of the GSMA (the Global System for Mobile Communications), a trade body for mobile operators worldwide, shows that 5G is projected to make up 15% of global worldwide mobile connections by 2025.
This report comes as the 2019 edition of the GSMA’s Mobile Economy series was published at this year’s Mobile World Conference that was held in Barcelona, Spain between February 25-28.
The new 5G connections are likely to consist of 1.4 billion connections- 30% of which are in China and Europe and 50% in the United States. The development of 5G connections should coincide with the continued growth of 4G connections which, by 2025, should make up close to 60% of total global connections.
An estimated 1.4 billion more people will be using the internet by that time, bringing the total number of subscribers worldwide to over 60%.
The addition of 5G has already delivered a boost to productivity and efficiency, a trend that should continue to grow as it will help boost global GDP from 4.6% to 4.8%, totalling $4.8 trillion, by 2023. The financial, manufacturing, and utility sectors, as well as professional services, are expected to be the most likely beneficiaries of the increase.
5G is the newest generation of wireless connections. On mobile phones, it delivers speeds 100 times faster than 4G. As more and more technology permeates everyday items as well as new technology, from refrigerators to self-driving cars, the reach of 5G networks will be much broader than 4G.
Minimal levels of latency are essential for certain areas, especially in sectors such as medicine, which are increasingly looking to robotic surgeries which require strong, fast connections with no lag in order to be done safely.
While 5G is currently being used in high-traffic commercial areas, it is expected to grow in usage alongside 4G.