The US and South Korea are expected to be the fastest adopters of 5G
5G connections to reach 1.5 billion globally in 5 years. Source: shutterstock.com
According to Juniper Research, the total number of 5G connections will reach 1.5 billion globally by 2025, rising from only 5 million in 2019. That means an annual average growth of 150% over the next 6 years.
The research reveals that pricing strategies from operators in the US and South Korea have aimed to rapidly shift users to 5G networks by offering low-cost connectivity. Although, the strategy will possibly prolong operators’ primary goal of securing a return on their substantial 5G investment.
At the same time, operators across Europe have focused on maximizing early 5G revenue by applying premium pricing over 4G subscriptions. This way, they expand geographical 5G coverage via base station rollouts to maximize the value proposition of 5G.
The research unveils that a significant number of 5G-supporting devices will further increase the immediate adoption of 5G connectivity.
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