According to data obtained by Stockapps.com, 5G mobile subscriptions globally are expected to get to 4.389 billion by 2027. North East Asia is likely to have the highest number of subscriptions of over 1 billion, with Central and Eastern Europe expected to record the least number of subscriptions at 230 million.
“5th generation connectivity is quickly gaining popularity as the new age of the internet rolls by. It is especially a crucial factor driving the Internet of Things and is expected to increase significantly in the coming years.” Says stockapps.com’s Edith Reads
North East Asia Leading Region in 5G Adaption
The data compiled also shows that North Asia has been a regional leader in 5G adaptability. In 2020, the region accounted for 120 million of the global 216 million 5G mobile subscriptions. Central and Eastern Europe accounted for the least subscriptions, with about 220,000 subscriptions.
According to the findings, North East Asia will continue leading in the 5G adaptation. Since 2020, adoption in the region has been growing consistently to get to over 830 million in 2022. It is expected that the region will maintain consistent growth over the years to get to 1.6 billion in 2027.
Latin America is also expected to record high growth rates, surging from 1.3 million 5G subscriptions in 2020 to over 300 million in 2027. The Middle East and Africa will also record an incredible surge, increasing from 1.46 million to 310 million subscriptions in 2027.
5G ushering in new age of the internet
5G connectivity includes so much more than just mobile subscriptions. Data shows that by 2023, connected cars will form around 19 million endpoints, making up the most extensive base of the 5G IoT endpoints. Other significant 5G and IoT factors include surveillance cameras and fleet telematics.
5G connectivity brings about faster downloads and massive capacity, making it ideal for just about any innovation in today’s world. The new technology is especially making strides in the gaming and entertainment world, with endless possibilities in fields such as emergency response and global payments.