5G to Account for 10% of Mobile Subscription Globally by 2023, Finds Researchica

In its latest report, Researchica UK projects that 70% of the operators are expected to launch 5G by 2023. The report says that service providers delaying 5G deployments will face unbeatable competition from 5G players after 2021 onwards.

In its report, titled, “4G to 5G: Worldwide Developments, Deployments, Revenue Models, & Forecasts 2019 to 2025”, the UK-based market research and consultancy company projects that 5G is expected to account for 10% of the total mobile subscription globally in 2023.

South Korea launched the world’s first large scale 5G mobile networks in April 2019. The 5G deployment by SK Telecom, KT and LG Uplus was possible due to strong back up by Korean government as it wants to stimulate stuttering economic growth. Few days later, Verizon wireless also launched 5G mobile services in selected markets of the US.

The research finds that clear shift of focus towards 5G happened in 2017 and in the beginning of early 2018. Based on the analysis of global 5G developments, Researchica is highly optimistic of several other commercial 5G launches in 2019. This also confirms that ecosystem required for 5G are well in place. Initial stage of industry specifications is available, and telcos are investing in Pre-5G equipments as well as confirming their trials. Moreover, the availability of 5G spectrum in several countries supports the timing and scale of 5G deployments. Report also finds that 3.4-3.8 GHz is the primary band for initial 5G launches. 24.25-29.5 GHz is the second most preferred spectrum band after 3.4-3.8 GHz.

China is expected to achieve 5G commercialisation by 2020. Moreover, China is also expected to become one of the leaders in 5G technology, standards, industries and applications. The 5G ecosystem in China is growing at a commendable pace and it is poised to emerge as tier 1 market in the global 5G industry.

David Brown, Senior analyst at Researchica, said, “Adoption of 5G will differ depending on the market. As competitive operators will reach nationwide 5G coverage, adoption will accelerate. To retain their high-value customer bases and keep a network edge, market leaders have to launch 5G first; challengers must minimise this edge and consider disruptive pricing strategies for pre-5G offerings.”

David suggested, “Device strategies are important in order to drive upgrades: Ensuring the availability of a range of devices including popular, exclusive as well as low-cost devices that meet operator configuration requirements such as frequencies and backward compatibility with 2G, 3G, and 4G networks is fundamental.”

This report examines 4G to 5G planning by operators, network deployment considerations, product and pricing strategies and 5G adoption trends as well as drivers for market growth. Highlighting what works and what doesn’t — based on the experience of commercial operators — it uncovers the pain points and the keys to success for 5G service providers worldwide.

This report provides a five-year forecast of 5G demand to enable executives to effectively position their companies for emerging trends in demand for their products and growth opportunities.

For more information please contact:
Researchica Ltd.
Contact Person: Diana Watts
Phone: +44 2032397876
Email: dianaw@researchica.org
researchica.com
71/75 Shelton Street, Covent Garden, London, WC2H 9JQ, UK

Researchica Ltd.
Address - 71/75 Shelton Street, Covent Garden, London, WC2H 9JQ, UK
Contact Person: Diana Watts
Phone: +44 2032397876
Email: dianaw@researchica.org

Researchica Ltd. is a UK based research company, focused on providing high quality, data-centric reports and database products.

This release was published on openPR.