5G

Goals

Provide insights and data on the following areas: Global View of 5G Readiness Per Market, Consumer Trends Leading to 5G Creation, IoT Growth, Augmented and Virtual Reality, and 5G as a Driver of Economic Growth.

Early Findings

Global View of 5G Readiness Per Market

  • South Korea is leading the 5G market penetration, with 66% of South Korea expected to be 5G connected by 2025. This is followed by the US at 50%, Japan at 49%, China at 36%, Europe at 30%, Mexico at 14%, India at 11% and Brazil at 11%.

Consumer Trends Leading to 5G Creation

  • A consumer desire for connectivity is driving the growth of the 5G sector.
  • For example, 67% of consumers indicate they would purchase a new smartphone when 5G connectivity becomes possible. Additionally, 62% of consumers would replace their home internet service for 5G when it becomes available, in order to take advantage of the faster speeds.

IoT Growth

  • In 2014, only 13% of businesses used IoT, whereas by 2019, that had increased to 25%.
  • By 2023, McKinsey predicts there will be 43 billion IoT connected devices worldwide, a nearly threefold increase from 2018.

Augmented and Virtual Reality

  • In 2017, the global augmented and virtual reality market size was $11.35 billion.
  • This market was projected to be "$571.42 billion by 2025, growing at a CAGR of 63.3% from 2018 to 2025."

5G as a Driver of Economic Growth

  • China is expected to see the most economic returns from the 5G expansion, followed by the US and Japan.

Proposed next steps:

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