GITNUX REPORT 2024

Global 5G Industry Statistics: Massive Growth Projections and Impacts

Unleashing the Potential: How 5G Industry Forecasts Billions in Revenue and Millions of Jobs.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

44% of mobile connections in North America will be on 5G networks by 2025.

Statistic 2

5G subscriptions are expected to grow to around 3.5 billion by the end of 2026.

Statistic 3

By 2025, around 50% of mobile connections in Europe are expected to be on 5G networks.

Statistic 4

By 2024, North America is anticipated to have over 300 million 5G connections.

Statistic 5

The average 5G download speed is projected to reach 160 Mbps.

Statistic 6

The average latency of 5G networks is expected to be 1ms.

Statistic 7

The average download speed of 5G networks is expected to exceed 1 Gbps by 2025.

Statistic 8

The average latency on 5G networks is expected to be below 5 milliseconds.

Statistic 9

5G is expected to generate $13.2 trillion in global economic output by 2035.

Statistic 10

5G is projected to add $1.3 trillion to the global economy by 2030.

Statistic 11

5G is projected to enable $13.1 trillion of global economic output by 2035.

Statistic 12

The adoption of 5G is projected to result in a potential $3.6 trillion cumulative output by 2035 in the US.

Statistic 13

The adoption of 5G is expected to add $2.1 trillion to the global GDP by 2035.

Statistic 14

5G is expected to drive $700 billion in economic growth in the United States by 2030.

Statistic 15

5G technology is predicted to enable $8 trillion in value creation by 2030.

Statistic 16

The adoption of 5G technology is projected to boost global GDP by $3.5 trillion by 2030.

Statistic 17

5G is predicted to enable over $13 trillion in global economic output by 2035.

Statistic 18

5G is estimated to create 22.3 million jobs worldwide by 2035.

Statistic 19

By 2030, 5G is expected to create 22.8 million jobs globally.

Statistic 20

It is predicted that 5G will support 22.3 million jobs worldwide by 2033.

Statistic 21

5G is anticipated to create over 4.6 million jobs in the United States alone by 2034.

Statistic 22

5G is expected to create 22 million new jobs by 2035.

Statistic 23

5G is estimated to create 10.7 million jobs in China by 2030.

Statistic 24

5G technology is forecasted to create 1.1 million jobs in India by 2022.

Statistic 25

By 2026, 5G connections are projected to reach 3.5 billion globally.

Statistic 26

The global 5G technology market is expected to reach $667.90 billion by 2026.

Statistic 27

It is predicted that 5G will cover 45% of the world's population by the end of 2021.

Statistic 28

5G is expected to drive $13.1 trillion of global economic output by 2035.

Statistic 29

The compound annual growth rate (CAGR) of global 5G infrastructure market is projected to be 67.1% from 2020 to 2027.

Statistic 30

By 2025, 5G networks are expected to cover over one-third of the global population.

Statistic 31

The global 5G IoT market revenue is forecasted to reach $40.2 billion by 2027.

Statistic 32

5G smartphones sales are expected to exceed 750 million units in 2022.

Statistic 33

The number of 5G connections in Latin America and the Caribbean is projected to reach 66 million by 2025.

Statistic 34

The global 5G fixed wireless access market is anticipated to reach $86.3 billion by 2026.

Statistic 35

The global 5G chipset market size is forecasted to reach $10.8 billion by 2025.

Statistic 36

The global 5G core market is projected to reach $9.4 billion by 2025.

Statistic 37

The global 5G network slicing market is estimated to reach $3.53 billion by 2026.

Statistic 38

The global revenue from 5G technology is projected to reach $45.7 billion by 2025.

Statistic 39

The market size of the global 5G infrastructure is estimated to be $54.5 billion by 2025.

Statistic 40

By 2022, it is anticipated that 5G networks will cover 40% of the global population.

Statistic 41

The global 5G chipset market is forecasted to grow at a CAGR of 42.5% from 2021 to 2026.

Statistic 42

The 5G infrastructure market in the Asia-Pacific region is expected to reach $18.53 billion by 2025.

Statistic 43

The global expenditure on 5G mobile network infrastructure is forecasted to reach $21 billion by 2021.

Statistic 44

It is estimated that the 5G technology market will grow at a CAGR of 67.3% from 2021 to 2026.

Statistic 45

The global market size of 5G network slicing is expected to reach $1.6 billion by 2026.

Statistic 46

By 2025, it is predicted that 5G technology will cover over one-third of the world's population.

Statistic 47

The global market for 5G edge computing is forecasted to reach $1.928 billion by 2025.

Statistic 48

By 2030, 5G technology is projected to contribute $8.8 trillion to the global economy.

Statistic 49

The number of 5G connections in North America is estimated to exceed 316 million by 2026.

Statistic 50

The global spending on 5G infrastructure is expected to reach $8 billion in 2021.

Statistic 51

By 2023, it is projected that 5G networks will cover over 40% of the global population.

Statistic 52

The 5G technology market is estimated to grow at a CAGR of 122.3% from 2020 to 2025.

Statistic 53

The global market for 5G mmWave technology is forecasted to reach $9 billion by 2026.

Statistic 54

By 2025, 5G mobile subscriptions are projected to exceed 2.8 billion.

Statistic 55

5G is estimated to power over 150 million IoT connections by 2024.

Statistic 56

The market for 5G small cells is anticipated to grow to $9.4 billion by 2026.

Statistic 57

By 2025, Asia-Pacific is expected to account for over 1.14 billion 5G connections.

Statistic 58

5G is predicted to contribute $2.2 trillion to the global economy by 2034.

Statistic 59

The global market size of 5G network slicing is expected to be $720 million by 2028.

Statistic 60

By 2025, it is forecasted that 5G will cover 60% of the global population.

Statistic 61

The global market for 5G services is projected to reach $90 billion by 2026.

Statistic 62

The global market for 5G network equipment is forecasted to reach $40 billion by 2025.

Statistic 63

The market for 5G base stations is estimated to grow to $33 billion by 2026.

Statistic 64

By 2026, it is expected that 5G technology will cover 60% of the global population.

Statistic 65

The global 5G market size is projected to reach $277 billion by 2025.

Statistic 66

By 2025, it is estimated that 5G networks will cover 75% of the North American population.

Statistic 67

The global 5G IoT market is expected to exceed $1.2 trillion by 2026.

Statistic 68

5G technology is predicted to drive $8 trillion in economic value by 2030.

Statistic 69

The global 5G infrastructure market is forecasted to grow at a CAGR of 51.01% from 2021-2025.

Statistic 70

By 2023, it is expected that 5G subscriptions will reach 1.9 billion worldwide.

Statistic 71

The market for 5G-enabled healthcare services is projected to reach $29 billion by 2026.

Statistic 72

The global 5G equipment market is anticipated to grow to $58.1 billion by 2025.

Statistic 73

By 2025, it is forecasted that 5G networks will cover 35% of the global population.

Statistic 74

5G is expected to account for 20% of total mobile data traffic by 2023.

Statistic 75

By 2025, the global 5G infrastructure spending is estimated to exceed $30 billion.

Statistic 76

The market for 5G cloud services is forecasted to reach $628.8 million by 2026.

Statistic 77

The global 5G equipment and infrastructure market size is expected to be $51 billion by 2025.

Statistic 78

By 2025, it is anticipated that 5G will contribute $760 billion to the global economy.

Statistic 79

The market size of 5G-enabled smart factories is projected to reach $2.16 billion by 2026.

Statistic 80

The global revenue from 5G mobile services is estimated to reach $642 billion by 2025.

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Summary

  • By 2026, 5G connections are projected to reach 3.5 billion globally.
  • 5G is expected to generate $13.2 trillion in global economic output by 2035.
  • The global 5G technology market is expected to reach $667.90 billion by 2026.
  • 5G is estimated to create 22.3 million jobs worldwide by 2035.
  • The average 5G download speed is projected to reach 160 Mbps.
  • It is predicted that 5G will cover 45% of the world's population by the end of 2021.
  • 5G is expected to drive $13.1 trillion of global economic output by 2035.
  • The compound annual growth rate (CAGR) of global 5G infrastructure market is projected to be 67.1% from 2020 to 2027.
  • By 2025, 5G networks are expected to cover over one-third of the global population.
  • The global 5G IoT market revenue is forecasted to reach $40.2 billion by 2027.
  • 5G smartphones sales are expected to exceed 750 million units in 2022.
  • The number of 5G connections in Latin America and the Caribbean is projected to reach 66 million by 2025.
  • The global 5G fixed wireless access market is anticipated to reach $86.3 billion by 2026.
  • 5G is projected to add $1.3 trillion to the global economy by 2030.
  • The global 5G chipset market size is forecasted to reach $10.8 billion by 2025.

Hold onto your smartphones, because the 5G revolution is about to hit warp speed! With projections soaring higher than download speeds, the 5G industry is set to shake up the global economy, create millions of jobs, and cover nearly half the worlds population faster than you can say streaming in HD. Get ready to dive into the mind-boggling statistics and jaw-dropping potential of 5G technology that will have you saying goodbye to lag and hello to lightning-fast connectivity in no time.

5G connections projections

  • 44% of mobile connections in North America will be on 5G networks by 2025.
  • 5G subscriptions are expected to grow to around 3.5 billion by the end of 2026.
  • By 2025, around 50% of mobile connections in Europe are expected to be on 5G networks.
  • By 2024, North America is anticipated to have over 300 million 5G connections.

Interpretation

As the race for 5G dominance heats up, it seems like the only thing faster than the new technology itself is its rapid integration into our daily lives. With projections showing that nearly half of mobile connections in North America and Europe will be on 5G networks by 2025, it's clear that the future is arriving at lightning speed. With over 3.5 billion 5G subscriptions expected globally by the end of 2026, one thing is certain - in this fast-paced tech landscape, you either speed up with the times or risk being left behind in the dust of obsolete connections. Welcome to the era where even our smartphones are sprinting ahead.

5G speed forecasts

  • The average 5G download speed is projected to reach 160 Mbps.
  • The average latency of 5G networks is expected to be 1ms.
  • The average download speed of 5G networks is expected to exceed 1 Gbps by 2025.
  • The average latency on 5G networks is expected to be below 5 milliseconds.

Interpretation

In the brewing cauldron of technological advancement, the 5G industry emerges as the wizard with a bag of tricks that promises lightning-fast spells. With download speeds projected to soar to 160 Mbps and latencies as swift as 1ms, it seems we're on track for an enchanted future of seamless connectivity. And hold onto your broomsticks, for by 2025, the average download speed of 5G networks is slated to exceed a mind-boggling 1 Gbps, while latency will aim to be quicker than a flick of a wand at below 5 milliseconds. In this digital realm, where speed is king and connectivity reigns supreme, it appears that the 5G industry is conjuring up a future that's both bewitchingly fast and spellbindingly efficient.

Economic impact of 5G

  • 5G is expected to generate $13.2 trillion in global economic output by 2035.
  • 5G is projected to add $1.3 trillion to the global economy by 2030.
  • 5G is projected to enable $13.1 trillion of global economic output by 2035.
  • The adoption of 5G is projected to result in a potential $3.6 trillion cumulative output by 2035 in the US.
  • The adoption of 5G is expected to add $2.1 trillion to the global GDP by 2035.
  • 5G is expected to drive $700 billion in economic growth in the United States by 2030.
  • 5G technology is predicted to enable $8 trillion in value creation by 2030.
  • The adoption of 5G technology is projected to boost global GDP by $3.5 trillion by 2030.
  • 5G is predicted to enable over $13 trillion in global economic output by 2035.

Interpretation

In a world where faster downloading speeds can sometimes feel like the superhero we didn't know we needed, the 5G industry is here to save the day with some truly mind-boggling statistics. With projections showing that 5G is set to generate trillions in economic output by 2030 and beyond, it seems that this technology is not just about streaming cat videos at lightning speed (although, let's be real, that's a big plus!). From driving economic growth in the United States to boosting global GDP, it's clear that 5G is not just a buzzword—it's a game-changer with the potential to shape the future in ways we haven't even begun to imagine. So, buckle up, folks, the 5G revolution is here, and it's bringing some seriously jaw-dropping numbers along for the ride!

Job creation from 5G technology

  • 5G is estimated to create 22.3 million jobs worldwide by 2035.
  • By 2030, 5G is expected to create 22.8 million jobs globally.
  • It is predicted that 5G will support 22.3 million jobs worldwide by 2033.
  • 5G is anticipated to create over 4.6 million jobs in the United States alone by 2034.
  • 5G is expected to create 22 million new jobs by 2035.
  • 5G is estimated to create 10.7 million jobs in China by 2030.
  • 5G technology is forecasted to create 1.1 million jobs in India by 2022.

Interpretation

The numbers are in, and it seems 5G is not just about faster internet—it's also a job creation machine set on overdrive. With projections that could make even the most ambitious job seeker blush, the statistics paint a picture of a future where 5G doesn't just connect devices, but also connects people to livelihoods. From the millions of jobs blooming across countries like the United States, China, and India, one thing is clear: 5G isn't just the next buzzword; it's a global economic force to be reckoned with. So, for those skeptical about the impact of this technology, maybe it's time to tune in and witness the job-creating juggernaut that is 5G.

Market size and revenue in the 5G industry

  • By 2026, 5G connections are projected to reach 3.5 billion globally.
  • The global 5G technology market is expected to reach $667.90 billion by 2026.
  • It is predicted that 5G will cover 45% of the world's population by the end of 2021.
  • 5G is expected to drive $13.1 trillion of global economic output by 2035.
  • The compound annual growth rate (CAGR) of global 5G infrastructure market is projected to be 67.1% from 2020 to 2027.
  • By 2025, 5G networks are expected to cover over one-third of the global population.
  • The global 5G IoT market revenue is forecasted to reach $40.2 billion by 2027.
  • 5G smartphones sales are expected to exceed 750 million units in 2022.
  • The number of 5G connections in Latin America and the Caribbean is projected to reach 66 million by 2025.
  • The global 5G fixed wireless access market is anticipated to reach $86.3 billion by 2026.
  • The global 5G chipset market size is forecasted to reach $10.8 billion by 2025.
  • The global 5G core market is projected to reach $9.4 billion by 2025.
  • The global 5G network slicing market is estimated to reach $3.53 billion by 2026.
  • The global revenue from 5G technology is projected to reach $45.7 billion by 2025.
  • The market size of the global 5G infrastructure is estimated to be $54.5 billion by 2025.
  • By 2022, it is anticipated that 5G networks will cover 40% of the global population.
  • The global 5G chipset market is forecasted to grow at a CAGR of 42.5% from 2021 to 2026.
  • The 5G infrastructure market in the Asia-Pacific region is expected to reach $18.53 billion by 2025.
  • The global expenditure on 5G mobile network infrastructure is forecasted to reach $21 billion by 2021.
  • It is estimated that the 5G technology market will grow at a CAGR of 67.3% from 2021 to 2026.
  • The global market size of 5G network slicing is expected to reach $1.6 billion by 2026.
  • By 2025, it is predicted that 5G technology will cover over one-third of the world's population.
  • The global market for 5G edge computing is forecasted to reach $1.928 billion by 2025.
  • By 2030, 5G technology is projected to contribute $8.8 trillion to the global economy.
  • The number of 5G connections in North America is estimated to exceed 316 million by 2026.
  • The global spending on 5G infrastructure is expected to reach $8 billion in 2021.
  • By 2023, it is projected that 5G networks will cover over 40% of the global population.
  • The 5G technology market is estimated to grow at a CAGR of 122.3% from 2020 to 2025.
  • The global market for 5G mmWave technology is forecasted to reach $9 billion by 2026.
  • By 2025, 5G mobile subscriptions are projected to exceed 2.8 billion.
  • 5G is estimated to power over 150 million IoT connections by 2024.
  • The market for 5G small cells is anticipated to grow to $9.4 billion by 2026.
  • By 2025, Asia-Pacific is expected to account for over 1.14 billion 5G connections.
  • 5G is predicted to contribute $2.2 trillion to the global economy by 2034.
  • The global market size of 5G network slicing is expected to be $720 million by 2028.
  • By 2025, it is forecasted that 5G will cover 60% of the global population.
  • The global market for 5G services is projected to reach $90 billion by 2026.
  • The global market for 5G network equipment is forecasted to reach $40 billion by 2025.
  • The market for 5G base stations is estimated to grow to $33 billion by 2026.
  • By 2026, it is expected that 5G technology will cover 60% of the global population.
  • The global 5G market size is projected to reach $277 billion by 2025.
  • By 2025, it is estimated that 5G networks will cover 75% of the North American population.
  • The global 5G IoT market is expected to exceed $1.2 trillion by 2026.
  • 5G technology is predicted to drive $8 trillion in economic value by 2030.
  • The global 5G infrastructure market is forecasted to grow at a CAGR of 51.01% from 2021-2025.
  • By 2023, it is expected that 5G subscriptions will reach 1.9 billion worldwide.
  • The market for 5G-enabled healthcare services is projected to reach $29 billion by 2026.
  • The global 5G equipment market is anticipated to grow to $58.1 billion by 2025.
  • By 2025, it is forecasted that 5G networks will cover 35% of the global population.
  • 5G is expected to account for 20% of total mobile data traffic by 2023.
  • By 2025, the global 5G infrastructure spending is estimated to exceed $30 billion.
  • The market for 5G cloud services is forecasted to reach $628.8 million by 2026.
  • The global 5G equipment and infrastructure market size is expected to be $51 billion by 2025.
  • By 2025, it is anticipated that 5G will contribute $760 billion to the global economy.
  • The market size of 5G-enabled smart factories is projected to reach $2.16 billion by 2026.
  • The global revenue from 5G mobile services is estimated to reach $642 billion by 2025.

Interpretation

The 5G industry stats paint a picture of an electrifying future where connectivity reigns supreme and economic opportunities abound. With projections of billions of connections, trillions of dollars in output, and double-digit growth rates, it seems we are hurtling towards a wireless wonderland at lightning speed. From covering huge swathes of the population to revolutionizing industries like healthcare and manufacturing, 5G is set to not just change the game but rewrite the rulebook entirely. So whether you're a tech titan or just a humble smartphone user, buckle up and get ready to ride the 5G wave – because the future is not just fast, it's faster than you ever imagined!

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