GITNUX MARKETDATA REPORT 2024

The Most Surprising 5G Industry Statistics in 2024

With sources from: grandviewresearch.com, gsmaintelligence.com, marketsandmarkets.com, qualcomm.com and many more

In this post, we explore the significant impact of the 5G industry with a collection of compelling statistics that showcase the massive growth and potential of this cutting-edge technology. From financial projections to technological advancements and global market trends, the statistics paint a vibrant picture of the future landscape shaped by 5G innovations.

Statistic 1

"The rise of 5G is predicted to facilitate a USD 13.2 billion increase in mobile advertising revenue by 2023."

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Statistic 2

"The 5G chipset market is forecast to grow to USD 22.41 billion by 2026."

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Statistic 3

"5G deployment is expected to be a key enabler for the advancement of smart cities."

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Statistic 4

"The global 5G services market size is expected to reach USD 664.75 billion by 2028."

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Statistic 5

"The number of 5G connections worldwide is forecasted to hit 3.6 billion by 2025."

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Statistic 6

"5G NR (New Radio) is expected to enable a 100-fold increase in traffic capacity and network efficiency."

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Statistic 7

"5G technology is projected to reduce latency to under 1 millisecond."

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Statistic 8

"In terms of spectrum allocation, 5G networks will primarily operate in three bands: Sub-1 GHz, 1-6 GHz, and above 6 GHz (mmWave)."

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Statistic 9

"China is estimated to account for approximately 70% of the global 5G connections by 2023."

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Statistic 10

"The 5G infrastructure market is projected to grow from USD 12.6 billion in 2020 to USD 44.9 billion by 2025."

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Statistic 11

"The average download speed on 5G networks is expected to reach between 1 to 10 Gbps."

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Statistic 12

"Over 1 billion 5G-enabled devices are expected to be shipped globally by 2024."

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Statistic 13

"5G technology is poised to contribute nearly USD 2.2 trillion to the global economy over the next 15 years."

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Statistic 14

"By 2025, the US 5G workforce is anticipated to grow by 251,000 jobs."

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Statistic 15

"The manufacturing sector will see 5G investments growing to USD 320 billion by 2026."

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Statistic 16

"Approximately 400 million new 5G connections were added globally in 2021."

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Statistic 17

"Verizon, AT&T, and T-Mobile together have invested over $75 billion in 5G network deployment since 2018."

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Statistic 18

"Approximately 49% of the investment in the telecommunications sector will be driven by 5G technologies by 2025."

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Statistic 19

"Ericsson predicts that 5G will cover up to 75% of the world's population by 2026."

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Statistic 20

"5G networks can support up to 1 million devices per square kilometer, a significant increase from 4G."

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Interpretation

The statistics presented in this analysis paint a compelling picture of the vast potential and transformative impact of the 5G industry across multiple sectors. Forecasts indicate significant growth in revenue, market size, connections, infrastructure, and job opportunities driven by 5G technology. With advancements such as increased speed, reduced latency, and expanded network capacity, 5G is poised to revolutionize industries, boost economies, and usher in a new era of connectivity and innovation on a global scale.

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