5G Connections In Asia-Pacific To Touch 3.23 Bn In 2025
An IDC report forecasts 5G connections in Asia-Pacific will reach 3.23 billion in 2025 from 574 million in 2021, growing at a five-year compound annual growth rate (CAGR) of 87.9 per cent.
The market intelligence firm revealed that manufacturing facilities all across Asia-Pacific have implemented private or dedicated networks for controlling various pieces of equipment on-premises.
“5G plays a key role in bringing a whole set of new ecosystems for organisations, which can help in achieving their sustainability goals in much easier and more robust ways,” noted IDC.
Another survey carried out by the firm revealed that most telecom carrier companies saw vital industries, including manufacturing, Smart Cities with smart mobility, and smart buildings, as the most critical use cases for the introduction of 5G.
About 12.4 per cent of telecom carrier respondents in Asia/Pacific consider Industrial Internet-of-Things (IIoT) as one of the important reasons for rolling out 5G services, according to IDC’s 2022 Telecom Carrier Transformation Survey.
India alone could have more than 150 million 5G subscribers by 2024 as the numbers will jump in the second half of this year, Nokia projected in february.
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