World 5G Network

5G phone

5G network: 70 million new subscribers worldwide at the end of 2020. The services market is worth $ 53 billion

To date, 220 million subscriptions to the 5G network have been activated globally and at the same time a services market dedicated to the new technology standard has been forming, which by 2026 is estimated to reach 249 billion dollars, thanks to innovation. in the healthcare and automotive sectors.

In the last quarter of 2020, access to the internet via the mobile network has grown almost everywhere and there are over 100 million new mobile broadband subscriptions registered worldwide, with a 5% increase compared to the previous year.

The 5G Network is Growing in the World

5g sign

Today, overall, there are 6.5 billion subscriptions to the mobile network and 77% of mobile phones in circulation are a smartphone.

A constantly changing scenario, which just during 2020 saw the entry of the new 5G networks, at the same time as the devices enabled for the new technology and dedicated services.

In the last quarter of 2020, 5G subscriptions linked to the purchase of a (5G) enabled smartphone recorded a significant increase of about 70 million units, bringing the world total to 220 million, according to new updates from the Ericsson Mobility Report.

Healthcare and Automotive Drive the Services Market

The 5G services market has also grown and reached a total value of $ 53 billion at the end of 2020, according to new Markets and Markets estimates.

The segments that will facilitate further growth in the global services market will be healthcare, automotive and industry as a whole.

In the healthcare sector, for example, 5G will combine with a massive use of solutions for the internet of things and ultra-broadband, with the aim of supporting telemedicine, networked equipment, robotic surgery (even remotely ), remote healthcare and digital management of clinical data.

Finally, 5G services will find wide application in the global automotive industry because the new mobile network will be used to allow the first self-driving vehicles to arrive on the road, thanks to the use of low latency systems such as Urllc ( Ultra-reliable low-latency communication ).

A services market which, according to the study, is expected to increase its value with an average annual growth rate (CAGR) of + 29.4%, with the possibility of reaching 249 billion euros by 2026 globally.