According to the latest report from 5G Americas, the total number of 5G connections worldwide reached approximately 1.6 billion in the third quarter of 2023. This represents a significant growth of 71% compared to the same period last year. The report, based on data from Omdia, suggests that the global base of 5G connections is set to reach 1.8 billion by the end of this year. Looking ahead, it is predicted that 5G will reach an astonishing 7.9 billion global connections by 2028. However, the report also notes that the growth of 5G may not occur in a linear manner and will depend on various factors such as infrastructure development, consumer demand, device availability, and spectrum allocation.
Kristin Paulin, Chief Analyst at Omdia, expressed a cautiously optimistic approach to the current landscape of 5G. Continuous focus on innovation and collaboration is seen as the driving force behind the long-term progress of 5G.
Chris Pearson, President of 5G Americas, emphasized the importance of international cooperation and efforts in driving the development of 5G technology. With the conclusion of the World Radiocommunication Conference, Pearson highlighted the need for further collaboration to ensure the availability of spectrum and technological standards that support the growth of 5G.
In terms of regional adoption, North America leads with a total of 176 million 5G connections by the end of the third quarter of 2023. This translates to a market penetration rate of 46%. Furthermore, 5G adoption in Latin America and the Caribbean is expected to triple in 2023, reaching 46 million connections. However, this region still remains in the early stages of 5G adoption.
Jose Otero, Vice President of the Caribbean and Latin America at 5G Americas, emphasized the importance of 4G LTE and 5G mobile communication technologies for Latin America. Otero predicts that upcoming spectrum auctions and increased availability of 5G devices in 2024 will create greater opportunities for the success of 5G in the region.
The source of the article is from the blog girabetim.com.br