IDC Forecasts Worldwide 5G Connections to Reach 1.1 Billion in 2023
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec 16, 2019--
In its first worldwide 5G forecast, International Data Corporation ( IDC ) projects the number of 5G connections to grow from roughly 10.0 million in 2019 to 1.01 billion in 2023. This represents a compound annual growth rate (CAGR) of 217.2% over the 2019-2023 forecast period. By 2023, IDC expects 5G will represent 8.9% of all mobile device connections.
Several factors will help to drive the adoption of 5G over the next several years:
“While there is a lot to be excited about with 5G, and there are impressive early success stories to fuel that enthusiasm, the road to realizing the full potential of 5G beyond enhanced mobile broadband is a longer-term endeavor, with a great deal of work yet to be done on standards, regulations, and spectrum allocations,” said Jason Leigh, research manager for Mobility at IDC. “Despite the fact that many of the more futuristic use cases involving 5G remain three to five years from commercial scale, mobile subscribers will be drawn to 5G for video streaming, mobile gaming, and AR/VR applications in the near term.”
In addition to building out the 5G network infrastructure, mobile network operators will have a lot to do to ensure a return on their investment:
The report, Worldwide 5G Connections Forecast, 2019-2023 (IDC #US43863119), provides IDC’s first forecast for the worldwide 5G market. The report examines two categories of 5G subscriptions: 5G-enabled mobile subscriptions and 5G IoT cellular connections. It also provides a regional 5G forecast for three major regions (the Americas, Asia/Pacific, and Europe).
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group ( IDG ), the world’s leading media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
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CONTACT: Jason Leigh
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: DATA MANAGEMENT CONSUMER ELECTRONICS TECHNOLOGY MOBILE/WIRELESS NETWORKS INTERNET
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